Quick Take A trend emerged between Bitcoin and TLT, the U.S. long bond ETF, in early December as BTC denominated in TLT hit a triple top level previously seen in 2021. Bitcoin just rallied above $44,200 and is 36% off its all-time high of $69,000; it has showcased a significant dominance in relation to TLT, which
The post Bitcoin breakout against US bonds sees it hit new all-time high appeared first on CryptoSlate.

The 2021 GameStop saga, recently featured in a Netflix movie, may have unexpected parallels with Bitcoin, particularly in the context of a potential supply crunch. Echoes of the Reddit-fueled’ mother of all short squeezes’ (MOASS) for GameStop, in Bitcoin’s context, could manifest as a significant supply squeeze, or ‘Bitcoin Mother Of All Supply Squeezes’ (Bitcoin
The post Could Bitcoin echo GameStop with a Mother Of All Supply Squeezes? Maybe appeared first on CryptoSlate.

Two weeks after announcing a major international expansion, the company now tells the SEC it might not make it to 2025.

While Bluesky seems like Twitter on the surface, the AT protocol architecture it is run on has the potential to be revolutionary.

Australian Bitcoin mining company Iris Energy has outlined ambitious plans to ramp up its hash rate to 20 exahashes per second (EH/s) by the latter part of this year, as detailed in a Feb. 7 update. To achieve this significant milestone, Iris agreed with Bitmain to secure 10 EH/s of new T21 miners at a
The post Australian Bitcoin miner Iris sets 20 EH/s hash rate target as US mining falters appeared first on CryptoSlate.

Don’t get me wrong, bitcoin ETFs are good thing for the industry — but we can’t forget about bitcoin’s original ethos among all the price talk

The addition of the language “marks a potential milestone,” Blockworks research analyst Spencer Hughes said

On Day three of the COPA v WRIGHT trial to determine whether Dr. Craig Wright is Satoshi Nakamoto, Wright, visibly frustrated, gave impassioned monologues around his thousands of whitepapers and how his vision for Bitcoin differs from the current iteration. Noting that the bodies, cameras, and equipment in the courtroom had caused the temperature to
The post COPA lawyers struggle to keep Wright on topic as courtroom heats up – Satoshi Trial Day 3 appeared first on CryptoSlate.

South Korea is set to implement robust measures to safeguard digital asset users and establish “order” in the nascent crypto market.  The country’s Financial Services Commission (FSC) has announced the upcoming enforcement of the “Virtual Asset User Protection Act” on July 19, 2024, aiming to protect users’ assets, prohibit “unfair trading practices”, and grant financial

The SEC’s newest rule brings hedge funds, proprietary trading firms and crypto companies that trade more than $50 million in US Treasurys and/or securities under its purview