Tag: Bitcoin

Bitcoin began the week with strong price action, edging towards record highs after a weekend surge above $122,000. Traders are now eyeing a possible retracement to $117,200 to fill a new CME futures gap, as markets brace for crucial US inflation data and shifts in Federal Reserve policy expectations. Weekend Surge to $122K Sparks Excitement…

Bitcoin may be significantly undervalued, with new analysis indicating its fair price should be almost 45 percent higher than current levels. According to Charles Edwards, founder of crypto asset manager Capriole Investments, the Energy Value metric places Bitcoin’s true value at approximately $167,800 per coin. Bitcoin trading 31 percent below fair value As of now,…

The United Kingdom has taken a significant step toward embracing digital finance by lifting its ban on crypto exchange-traded notes (cETNs) for retail investors. The Financial Conduct Authority (FCA) announced on Friday that regulatory changes will come into effect from 8 October, allowing individual investors to access cETNs for the first time since the ban…

In a landmark move for UK capital markets, The Smarter Web Company has raised £15.8 million ($21 million) through a Bitcoin-denominated bond offering, becoming one of the first British firms to tap into cryptocurrency for structured corporate fundraising. The bond, named “Smarter Convert,” was fully subscribed and backed by the French asset management firm Tobam.…

Coinbase, one of the world’s leading cryptocurrency exchanges, has announced a $2 billion convertible senior note offering aimed at raising funds for corporate expansion, stock buybacks, and potential acquisitions. This move marks a significant step as traditional market strategies increasingly blend with digital asset investments. Dual-Tranche Offering to Institutional Buyers The company revealed plans to…

Rapid Compensation Following 37-Minute Outage Decentralised derivatives exchange Hyperliquid has reimbursed nearly $2 million to users affected by a brief API outage last week, a move that has been widely praised by the crypto community. The disruption occurred on 29 July and lasted for approximately 37 minutes, during which traders were unable to execute orders.…

Spot Bitcoin exchange-traded funds (ETFs) faced a significant setback on Friday, registering the second-largest single-day outflow in their history. Meanwhile, Ethereum ETFs ended their longest-ever inflow streak, marking a turbulent moment in the crypto investment landscape. Bitcoin ETFs Record Major Outflow Spot Bitcoin ETFs saw a combined net outflow of $812.25 million, wiping out a…

A software engineer working at Indian cryptocurrency exchange CoinDCX has been arrested in connection with a major security breach that led to a $44 million hack. The arrest followed an internal investigation by CoinDCX operator Neblio Technologies, which revealed that the engineer’s credentials had been compromised, allegedly enabling hackers to access the firm’s servers. Hacker…

Japanese investment firm Metaplanet has acquired an additional 780 Bitcoin, further cementing its position as the top non-US corporate Bitcoin holder. This latest acquisition brings the company’s total Bitcoin holdings to 17,132 BTC, now valued at over $2 billion. Largest Non-US Bitcoin Treasury Following the purchase, Metaplanet remains the only non-US company among the top…