Marathon Buys $100M Bitcoin, Eyes 2024 Halving

Marathon Buys $100M Bitcoin, Eyes 2024 Halving

In A Nutshell Marathon Digital Holdings, recognized as the world’s largest Bitcoin (BTC) miner, has recently made headlines by acquiring an additional $100 million worth of Bitcoin. This strategic move aligns with their long-term commitment to hold onto their Bitcoin assets, embracing a “full hodl” strategy. This decision underscores their confidence in the enduring value…

Coinbase UK Fined $4.5M for Breaking Customer Risk Deal

Coinbase UK Fined $4.5M for Breaking Customer Risk Deal

In A Nutshell Coinbase’s UK operation, CB Payments Limited (CBPL), has incurred a fine of $4.5 million by Britain’s Financial Conduct Authority (FCA) for non-compliance with a previously agreed voluntary agreement preventing the onboarding of ‘high-risk’ customers. Despite this agreement, Coinbase onboarded 13,416 individuals deemed ‘high-risk,’ violating the terms and raising concerns over potential money…

XRP’s Bright Future: Legal Wins, Whales, and ETF Hopes

XRP’s Bright Future: Legal Wins, Whales, and ETF Hopes

In A Nutshell Recent developments signal a bullish future for XRP, with legal victories, significant whale purchases, and the potential launch of an XRP Exchange-Traded Fund (ETF) by 2025. Ripple CEO Brad Garlinghouse’s remarks on an impending resolution of the SEC lawsuit and the speculation around an XRP ETF have stoked optimism in the crypto…

Mt. Gox Transfers $2.47B in Bitcoin, Market Holds Steady

Mt. Gox Transfers $2.47B in Bitcoin, Market Holds Steady

In A Nutshell The recent movement of $2.47 billion worth of Bitcoin (BTC) by Mt. Gox to Bitstamp addresses marks another significant step in the ongoing repayment process to creditors. Despite the large volume of transactions, the price of Bitcoin has shown resilience, maintaining levels above the $65k mark. Analysts from QCP Capital forecast a…

Bitcoin Mainnet Verifies First ZK Proof, Expands Use Cases

Bitcoin Mainnet Verifies First ZK Proof, Expands Use Cases

In A Nutshell The Bitcoin mainnet has witnessed a groundbreaking development with the successful verification of its first-ever zero-knowledge (ZK) proof by BitcoinOS (BOS), a protocol dedicated to Bitcoin rollups. This event, occurring at precisely 11:22 pm UTC on July 24, paves the way for a new phase where Bitcoin transcends its original purpose, potentially…

Bitcoin Dips Below $65K: Market Dynamics Explored

Bitcoin Dips Below $65K: Market Dynamics Explored

In A Nutshell Bitcoin recently dipped below the $65,000 threshold, sparking discussions among investors and analysts regarding the potential causes of this decline. While some speculated that the sell-off by Mt. Gox creditors might be a contributing factor, experts argue that market sentiment, seasonal trends, and other variables are more likely to blame. This article…

HSBC Australia Bans Crypto Payments to Protect Users

HSBC Australia Bans Crypto Payments to Protect Users

In A Nutshell HSBC Australia has announced a significant policy change, effectively blocking all payments from its customers to cryptocurrency exchanges starting from July 24, 2024. This decision aligns with actions previously taken by at least six major Australian banks. The move aims to safeguard customers from potential investment scams, which have reportedly led Australians…

Ethereum ETFs Launch, Shifting Crypto Market Dynamics

Ethereum ETFs Launch, Shifting Crypto Market Dynamics

In A Nutshell The cryptocurrency landscape is witnessing a significant shift as Ethereum (ETH) Exchange-Traded Funds (ETFs) receive approval, leading to a noticeable decline in inflows for Bitcoin (BTC) ETFs. This development marks a pivotal moment, indicating a potential change in investor sentiment and market dynamics. With Ethereum ETFs gaining traction, the focus is now…