Bitcoin Financial News

Bitcoin, which had been experiencing a gradual recovery for over a month, has managed to pull off a significant breakthrough, overcoming the crucial $28,000 resistance level

Lightning Labs, one of the major firms responsible for developing Bitcoin’s lightning network, has released the mainnet alpha of its long-awaited “Taproot Assets” protocol on Wednesday, allowing stablecoins and other tokens to functionally trade on Bitcoin.

FTX cryptocurrency empire, another reckoning for digital currencies is underway: Governments around the world are intensifying their crackdown on sources of funding for terrorist groups — including crypto — after Hamas’s bloody attack in Israel that claimed more than 1,400 lives and led to retaliatory attacks that have killed thousands. Crypto is a small but deadly slice of overall terrorism funding: Research by analytics firm Elliptic in 2021 estimated that wallets linked to Hamas’ military wing had received more than $7.3 million in crypto, including around $40,000 in Dogecoin, the dog-themed memecoin favored by Elon Musk. These sums aren’t much compared with the $100 million that Iran sends annually to Hamas and other Palestinian terror groups or with Qatar’s $360 million in aid for Gaza, or the approximately $300 million Hamas gets via business taxation and extortion estimated by the Washington Institute’s Matthew Levitt.

Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.

Investing.com — U.S. futures fell Friday, weighed by rising bond yields and concerns surrounding escalating geopolitical tensions in the Middle East.

Bitcoin Spark (BTCS) ushers in a paradigm shift in cryptocurrencies by allowing users to rent computing capabilities inside a decentralized network. But what makes this concept innovative, and how does it change standard crypto mining and network participation? The innovative concept of decentralized CPU rental is at the heart of Bitcoin Spark, allowing users to actively participate in the network by contributing their computing resources. Still, the real game changer here is the potential for passive income generation, as participants can rent out their CPU power and earn rewards in exchange.

Reuters. The largest cryptocurrency by circulation, jumped as high as $30,022, its highest since July 23. It was last up 4 percent on the day.

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As On-Chain trading continues to thrive, XSHIB token has emerged as the latest meme coin breakout in a classic play on the Shiba Inu predecessor.

Despite a challenging day for the crypto market, Bitcoin price remained steadfast above the $29,000 threshold. This stability can likely be attributed to Fidelity's recent modifications to its Bitcoin ETF proposal. 

The price of Bitcoin SV (BSV) has rallied by a massive 30% in the past 24 hours, reaching $55.46 on a day when the cryptocurrency market as a whole has risen by 4%.

Bitcoin (BTC) passed $29,500 on Oct. 20 after an eventful 24 hours boosted BTC price trajectory, while XRP’s (XRP) price jumped above $0.50 in response to Ripple’s big legal win.

Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company's chief legal officer, Paul Grewal, told CNBC.

Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly «defrauding» investors of more than $1 billion. The development underscores the challenges the crypto industry continues to face almost a year after the bankruptcy of Sam Bankman-Fried's exchange FTX, which led to a meltdown in the sector that overwhelmed several major firms.

Atomic Wallet has frozen over $2 million after detecting suspicious deposits in a partnership with prominent exchanges. 

Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that saw a spectacular blow up in May 2022 after is UST algorithmic stablecoin lost its 1:1 peg to the US dollar, is lagging the broader market on Thursday.

In today's cryptocurrency landscape, Bitcoin's price has garnered significant attention. As of October 19, the price of Bitcoin stands at $28,541, having experienced a nearly 1% rise in the past 24 hours and 7% in the last seven days. 

Securities and Exchange Commission (SEC) Chairman Gary Gensler remained tight-lipped as usual when asked about the state of spot Bitcoin ETF applications being handled by the agency on Wednesday.

In the ever-evolving sphere of luxury consumer goods, adapting to market trends and audience preferences is paramount. And when it comes to giants that epitomize luxury, few are as iconic as Ferrari. 

The impact of the Bitcoin halving on crypto prices is often overestimated and the next halving, set for April 2024, may play out differently than previous ones, according to a leading analyst.

Bitcoin (BTC) kept pressure on $28,500 after the Oct. 19 Wall Street open ahead of a key speech on United States economic policy.