Tag: Bitcoin
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UK Judge Dismisses £770 Million Bitcoin Hard Drive Case
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IT Engineer James Howells Loses Legal Battle Over Landfill Access James Howells, an IT engineer from Newport, Wales, has lost his 12-year legal fight to recover a hard drive containing more than £770 million worth of Bitcoin from a local landfill. The Circuit Commercial Judge for Wales, Judge Keyser, dismissed the case on 9 January,…
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Bitcoin to Hit $1.5 Million by 2035, Says Renowned Analyst
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Bitcoin (BTC) could reach a staggering $1.5 million per coin within the next decade, according to network economist Timothy Peterson, a well-known advocate of the cryptocurrency. Peterson, the author of the influential paper “Metcalfe’s Law as a Model for Bitcoin’s Value,” reiterated his bullish long-term outlook in a post on social media platform X (formerly…
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Trump’s Bitcoin NFT Collection: Exclusive Cards Spark Excitement
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Donald Trump has entered the Bitcoin Ordinals space with a highly exclusive NFT collection, marking his fifth NFT release. This latest venture highlights Trump’s evolving presence in the crypto world as his digital collectibles continue to attract attention. Trump’s Bitcoin Ordinals Debut The newly minted collection, named “Trump Bitcoin Digital Trading Cards,” consists of just…
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Crypto Scams and Hacks Surge to Over $3 Billion in 2024
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The cryptocurrency industry suffered significant setbacks in 2024 as losses from hacks and scams surged to $3.01 billion, marking a 15% increase from the $2.61 billion recorded in 2023, according to data from blockchain forensic firm PeckShield. Decentralized finance (DeFi) protocols remained the primary targets, while security vulnerabilities in both DeFi and centralized platforms were…
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Bitcoin and Ether Dip Amid Inflation Fears and Market Volatility
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Bitcoin and Ether prices experienced a sharp decline on Wednesday, reversing gains made earlier this week. Bitcoin dropped 5% to $96,527 after briefly surpassing the $100,000 mark, while Ether tumbled 8.5% to $3,353. Other major cryptocurrencies, including Dogecoin and Avalanche, also faced double-digit losses. The Block’s GMCI 30 index, which tracks the top 30 cryptocurrencies,…
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Thailand to Pilot Bitcoin Payments for Tourists in Phuket in 2025
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Thailand is set to launch a pilot programme in 2025, allowing foreign tourists to use Bitcoin for transactions in Phuket, one of the country’s most popular tourist destinations. The initiative, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira on January 8 at a seminar organised by the Marketing Association of Thailand, aims to…
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Bitcoin ETFs Surge Back with Over $900M in Inflows for Two Consecutive Days
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Spot Bitcoin ETFs Reverse December Slump United States-based spot Bitcoin exchange-traded funds (ETFs) recorded a significant recovery, raking in nearly $1.9 billion in total net inflows on January 3 and January 6. This marked a sharp turnaround from the low demand observed in the latter half of December. On January 6 alone, Bitcoin ETFs attracted…
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Tokenized COIN shares are being investigated by Coinbase on its Base network.
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Coinbase is considering the tokenization of its COIN shares on its Ethereum Layer-2 network, Base, which could revolutionize the intersection of traditional stock markets and blockchain technology. This initiative is still in its infancy, and regulatory compliance is a significant challenge. Jesse Pollak, the lead developer at Base, emphasized that Coinbase is diligently navigating the regulatory landscape…
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According to Arthur Hayes, there will be a significant correction in the cryptocurrency market after its March peak.
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Arthur Hayes revealed that the Fed’s quantitative tightening policy continues at $60 billion per month, which reduces its balance sheet. He predicts that the market will peak in mid to late March, which equates to a removal of $180 billion worth of liquidity due to quantitative tightening from January to March. “Sasa” is an essay…
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US Lawmaker Starts 2025 by Disclosing Cryptocurrency Investments
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Georgia Representative Mike Collins reveals purchases in altcoins including Ski Mask Dog and Ether. As the 119th session of the United States Congress gets underway, Georgia Representative Mike Collins has disclosed investments in various cryptocurrencies, including Ether and altcoins. The financial disclosure, filed on New Year’s Day, outlines Collins’ purchase of the Ski Mask Dog…