Bitcoins

Nayib Bukele Is Not the Bitcoin Hero We Need

El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says

El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy …

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Here's why the market will be the ultimate decision-maker for Bitcoin's future

Here’s why the market will be the ultimate decision-maker for Bitcoin’s future

“I think Bitcoin is the first real global money of integrity” according to Okcoin CEO Hong Fang. In a recent interview, she said if “Bitcoin can succeed at the monetary level of achieving a decentralized and censorship-resistant network of money,” there’s hope for other projects as well. She added, “That includes a lot of layer …

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Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend

Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend

On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital …

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Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts

Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts

Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term. “The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with …

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Taproot, Bitcoin’s Long-Anticipated Upgrade, Activates This Weekend

Taproot, Bitcoin’s Long-Anticipated Upgrade, Activates This Weekend

Taproot, the long-anticipated Bitcoin upgrade, will activate this weekend at block 709,632, opening the door for developers to integrate new features that will improve privacy, scalability and security on the network. The upgrade locked in back in June, when over 90% of miners chose to “signal” their support. A programmed waiting period between lock-in and …

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Kleiman v. Wright: Bitcoin’s Trial of the Century Kicks Off in Miami

Kleiman v. Wright: Bitcoin’s Trial of the Century Kicks Off in Miami

MIAMI — The civil trial of Ira Kleiman vs. Craig Wright kicked off in Miami on Monday to perhaps answer one of Bitcoin’s greatest mysteries: Who is Satoshi Nakamoto and what happened to the estimated 1.1 million BTC in his possession? Wright, an Australian computer scientist and early cryptocurrency pioneer, has been claiming to be …

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