Category: Bitcoin News

Argentina Orders Asset Freeze Linked to Libra Token Fraud Probe

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Argentina’s federal judiciary ordered a freeze of assets belonging to US promoter Hayden Davis and two alleged intermediaries tied to the collapsed Libra token, deepening an investigation into one of Latin America’s biggest crypto scandals. The order, issued by Judge Marcelo Martínez de Giorgi, reportedly covers digital wallets, bank accounts and real-estate assets of Davis, Argentine operator Orlando Rodolfo Mellino and Colombian trader Favio Camilo Rodríguez Blanco. Prosecutors said the asset freeze was necessary to prevent any transfer of assets that could represent the proceeds of fraud, as investigators work…

Ethereum Price Reclaims Key Level, But Can ETH Break $3.8K Next?

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Key takeaways: Ethereum holders are back in the black, increasing the chances of a rally to $4,000. Ether sell pressure risk exists around $3,800, a resistance level that may delay the bulls. Ether’s (ETH) rebound to $3,600 over the weekend pushed its value above its active realized price, implying that the average ETH holder is no longer in the red. Is this enough fuel for the bulls to push the ETH price above $4,000? Ethereum trades above its active cost basis Data from Cointelegraph Markets Pro and TradingView shows that…

Bitcoin ETFs Flat Despite US Shutdown Potential End

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The lack of demand for spot Bitcoin exchange-traded funds (ETFs) is raising concerns about Bitcoin’s prospects for the rest of the year, even as the US government appears to be nearing the end of its 41-day shutdown. On Monday, the US Senate approved a funding package, bringing Congress one step closer to ending the government shutdown. The legislation is now headed for a full vote in the House of Representatives, which may occur as early as Wednesday, CBS News reported Monday. Senate Majority Leader John Tune said he hopes the…

Bitcoin Bulls Halted by $107,000 in New BTC Price Battle

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Key points: Bitcoin tries and fails to conquer $107,000 — an important local level for traders. BTC price forecasts retain the possibility of the market falling back under $100,000. Bitcoin bulls need a perfect storm to move toward all-time highs, analysis concludes. Bitcoin (BTC) eyed its new weekend futures gap on Tuesday as talk turned to a BTC price “rejection.” BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin CME gap in focus as BTC price reverses Data from Cointelegraph Markets Pro and TradingView showed bulls failing to reclaim key support overnight. Despite hitting…

Bitcoin Spot Demand Spikes Signaling BTC’s ‘Potential for a Breakout Move’

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Key takeaways: Bitcoin spot demand has flipped positive, signaling a potential bullish reversal. Increasing spot volume suggests higher speculative activity.  BTC price must reclaim $110,000 as support to secure the recovery. Demand for Bitcoin (BTC) has shown signs of recovery, signaling a possible bullish reversal. However, traders say momentum will increase once the BTC/USD pair breaks above $110,000.  Bitcoin apparent demand hits a four-month high Bitcoin’s apparent demand has shifted to a positive outlook after rising to its highest level since July, as traders and investors adopt a risk-on approach…

Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

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Brazil’s central bank has finalized rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.  Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs), a new category of licensed virtual-asset service providers operating in the country.  The framework extends existing rules on consumer protection, transparency and Anti-Money Laundering (AML) to crypto brokers, custodians and intermediaries.  The rules will…

Higher Average Bitcoin Prices Boost TeraWulf’s Q3 Earnings

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United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were primarily due to the increase…

BitMine Buys 34% More ETH Week-Over-Week, Adding 110,288 Ether

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BitMine’s digital treasury accumulation is showing no signs of slowing down, with its latest week of Ether buying marking a 34% increase from the week before.  BitMine Immersion Technologies announced the purchase of 110,288 Ether (ETH) on Monday, bringing its total to 3,505,723 ETH at an average purchase price of $3,639 per token. As part of the announcement, BitMine’s chairman Tom Lee said the recent ETH price dip presented an attractive opportunity” for the firm, as he went on to highlight Ether adoption happening on Wall Street:  “To me, it…

UNI Pumps 38% After Introducing Token-Friendly Proposals

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The native token behind Uniswap rallied over 38% after the Uniswap Foundation and Uniswap Labs introduced a proposal aimed at making holding the token more appealing to investors. Among the potential changes outlined in the “UNIfication” proposal are activating a protocol-level fee mechanism to burn Uniswap (UNI) tokens and building a Protocol Fee Discount Auctions system to increase liquidity provider returns, the Uniswap Foundation said in a joint proposal with Uniswap Labs on Monday. They also plan to burn 100 million UNI — roughly 16% of the UNI’s circulating supply…

Senate Ag Releases Crypto Market Structure Bill Draft

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The US Senate Agriculture Committee has released its long-awaited discussion draft of crypto market structure laws, bringing Congress closer to passing legislation outlining how the crypto sector will be regulated. Republican Agriculture Chair John Boozman and Democrat Senator Cory Booker released the draft on Monday, which includes brackets around sections of the bill that lawmakers are still negotiating. The bill aims to outline the limits of the Commodity Futures Trading Commission and the Securities and Exchange Commission’s power to regulate crypto. Only Congress can set the agencies’ regulatory boundaries, but…