Bitcoin Financial News

The Canadian Bitcoin (BTC) mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC).

Bitcoin-bullish presidential candidate Robert F. Kennedy Jr. has announced that he is now chasing his country’s highest office as an independent, rather than as a member of the Democratic party.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The price of Shiba Inu (SHIB) has inched upwards by 0.5% in the past 24 hours, reaching $0.00000692 as the wider cryptocurrency market dips very slightly across the same period.

As Uptober continues to drive a surge in on-chain crypto prices, markets remain defiant despite wider risk concerns stemming from the conflict between Israel and Hamas - and now, in the latest move, Snorlax token (SNOR) has exploded +500%.

Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.

Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over.

cryptocurrency markets were trading in the red on Tuesday amid geopolitical tensions in the Middle East. Bitcoin was down 0.7% at $27,660, while Ethereum was below the $1,600 level. Meanwhile, the global cryptocurrency market cap declined 1.24% to around $1.08 trillion in the last 24 hours. Other crypto tokens also declined. XRP, Solana, and Dogecoin fell by over 2%. While Toncoin, Polygon, and Polkadot plunged over 3%. «Bitcoin’s price is consolidating above the $27500 mark due to long liquidations following the rising geopolitical tensions in the Middle East and an uptick in oil prices. Bitcoin’s value has currently risen by 66.62% over the year. If the markets turns bearish, Bitcoin will find support at around $27,195,» said Edul Patel, CEO of Mudrex.

Key Takeaways

Key Takeaways

Key Takeaways

The cryptocurrency world is abuzz with significant developments today. Bitcoin is currently trading at $27,653, experiencing a 1% decrease on Tuesday. In a noteworthy political move, Robert F. Kennedy Jr., a staunch advocate for cryptocurrencies, has decided to run for president as an independent, parting ways with the Democrats. 

Ordswap, a marketplace that allows users to inscribe, auction, and trade Bitcoin Ordinals, has devised a method for users to retrieve their private keys as it scrambles to regain control of its website domain.

Bitcoin’s ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycles leading up to a halving event, according to market observers.

The hacker responsible for stealing over $400 million from FTX and FTX US in November could be using the hype around Sam Bankman-Fried’s fraud trial to further obfuscate the funds, says CertiK’s director of security operations Hugh Brooks.

Sam Altman, the founder of Worldcoin and CEO of OpenAI, has voiced his concerns regarding the escalating efforts by the US government to regulate and exert authority over the cryptocurrency market. 

A Bitcoin developer has proposed a new way to bring more expressive off-chain smart contracts to Bitcoin (BTC) without needing a soft fork.

Bitcoin (BTC), the most valuable cryptocurrency in the world, could not break the $28,000 mark over the weekend, showing sluggish movement. 

Federal prosecutors dealing with the fraud case against Sam Bankman-Fried are pushing to bar any mention of the defendant's hefty investment in artificial intelligence firm Anthropic during trial proceedings, according to court filings on October 8.

Ethereum and Bitcoin Spark are at the forefront as projects break through limitations to foster the growth of Web3. These two networks provide platforms for growth by going beyond just offering a digital currency that can be used to buy goods and services, as well as an investment vehicle that stores value and hedges against inflation.

A risk-off tone to macro trading conditions on Monday amid jitters regarding the escalating Israel/Palestine is weighing on crypto prices.