Cryptocurrency news - Bitcoin
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. The account that overpaid $500,000 in fees on Sept. 10 for a Bitcoin transfer belonged to Paxos, according to a Sept. 13 statement from the company. Paxos claimed that end user...
VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days. The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ul...
SEC’s first deadlines to approve 7 Bitcoin ETFs coming over the next week
Analysts say the best-case scenario for crypto is that the Securities and Exchange Commission approves the batch of spot Bitcoin ETFs, but the agency may exercise its right to an appeal. The United States Securities and Exchange Commission is facing its first deadlines to decide...
Bitcoin revenue per terahash nears record lows as hashrate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022,...
Why is the crypto market down this week?
Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market’s underperformance. The cryptocurrency market has experienced a notable downturn recently, with the total market capitalization falling by 1...
Oman financial regulator seeks feedback on proposed virtual asset framework
Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned. The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking publi...
Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print
Bitcoin casts off a U.S. GDP “nothingburger,” but DXY charges to two-week highs in what is traditionally a BTC price headwind.Bitcoin BTC $29,181 ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. Analyst warns of BTC pri...
Deribit's Bitcoin volatility index hits lifetime lows, hinting sideways action
The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021. Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reac...
Robert F. Kennedy Jr. vows to back US dollar with Bitcoin if elected president
RFK Jr. says he would use Bitcoin to stabilize the U.S. dollar, as well as make Bitcoin profits exempt from capital gains tax. Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin BTC $30,039 if he is e...
Bitcoin on $3K discount at Binance.US, but there’s a catch
Bitcoin is selling for just over $27,500 on Binance.US, a nearly $3,000 discount from global spot prices. Bitcoin BTC $30,070 is selling for a nearly $3,000 discount on Binance.US, providing a significantly better rate than global spot prices — but there’s just one catch. On...