Bitcoin Launderer Fined $7.6M in UK
Sen Hok Ling must repay $7.6M to UK authorities or face extra jail time after laundering Bitcoin for Zhimin Qian’s Ponzi scheme. Ongoing civil proceedings involve 61,000 BTC seizure. #Breaking #Legal
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin Derivatives Signal Risk: Open Interest Falls
Bitcoin trades at $89,166 as derivatives markets signal caution with rising liquidations and slipping open interest. Futures leverage eases; options traders remain selectively optimistic. #Update #Crypto $BTC
Bitcoin Fund Launches by Nomura Crypto Arm
Laser Digital Asset Management, part of Nomura, launches the Bitcoin Diversified Yield Fund SP for non-US investors, combining Bitcoin exposure with strategies for sustainable yield. #Update #Crypto $BTC
Bitcoin Rejects Quantum Fears Amid Price Slump
Bitcoin backers dismiss quantum computing fears as a primary cause for price declines, attributing weakness to long-term holder sell-offs. Bitcoin trades flat at $89,500. #Update #Crypto $BTC
Bitcoin Bulls Remain Optimistic Amid Price Stagnation
Bitcoin ($BTC) has dropped 14% year-over-year, failing to act as an inflation hedge amid rising gold prices, prompting discussions among bulls on its future demand drivers. #Update #Crypto $BTC
Bitcoin Ethereum ETFs See Major Exits
Crypto ETFs face another red day as $BTC and $ETH continue outflows, though exits slow. Meanwhile, $XRP and $SOL attract capital, offering stability. #Update #Crypto $BTC
Bitcoin IPO Launches BitGo with Superstate Funding
@Superstate secured $82 million in Series B funding led by Bain Capital Crypto and Distributed Global. @BitGo completed an IPO raising $212.8 million at a $2.08 billion valuation. #Update #Crypto
Bitcoin Trading Launches at $5T UBS Bank
@UBS plans to offer $BTC and $ETH trading for select banking clients, responding to rising institutional demand as Wall Street firms like @JPMorgan and @MorganStanley enter the crypto space. #Update #Crypto $BTC $ETH
Bitcoin Market Structure Bills Propel Crypto Growth
The Senate Agriculture Committee’s new crypto market structure bill faces potential partisan challenges ahead of Tuesday’s markup hearing, with proposed amendments already filed. #Update #Crypto
Bitcoin ETF Launches Amid Dollar Decline
Bitwise launches Currency Debasement ETF blending gold, bitcoin, and scarce assets amid inflation concerns as US debt nears $39 trillion. #Update #Finance
UBS Launches Bitcoin Ethereum Trading for Elite
UBS will allow select private banking clients in Switzerland to trade $BTC and $ETH, reflecting demand from ultra-high net-worth clients. #Update #Crypto $BTC
Bitcoin: Tim Draper Holds Through Crashes
Tim Draper reveals he bought $BTC at $4, maintaining his investment through market crashes, emphasizing crypto’s role in financial inclusion. #Update #Crypto $BTC
Bitcoin Weakness Sparks Quantum Computing Concerns
Bitcoin’s price has dropped to just above $89,000, 30% below its October peak, while gold reached a record $4,930 an ounce. Quantum computing fears are debated as a potential factor. #Update #Crypto $BTC
Bitcoin Crashes as 4 Indicators Bearish
Bitcoin markets show coordinated warning signs as selling pressure spreads and demand weakens, indicating potential downside risk. #Update #Crypto $BTC