Category: Bitcoin News

Bitcoin White Paper Turns 17 As BTC Faces First Red October In 7 years

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Bitcoin’s foundational document turned 17, marking the journey of the world’s first decentralized digital currency from a niche financial experiment to a $2 trillion global asset held by governments and institutions. Bitcoin creator Satoshi Nakamoto first shared the Bitcoin white paper 17 years ago today, on Oct. 31, 2008, in response to the global financial crisis. The document, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” described a decentralized, peer-to-peer network capable of preventing double-spending through proof-of-work (PoW) consensus.  Bitcoin white paper. Source: Bitcoin.org Related: ETFs will usher institutions into altcoins,…

Ripple Swell 2025 Event is Coming, But Risks of XRP Drop to $2 Remain

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Key takeaways: XRP price dropped 7.5% this week despite the upcoming Ripple Swell event, which has historically sparked pre-conference rallies. XRP’s rounded top chart pattern projects a drop to $2.09 if support levels fail to hold. Ripple’s annual Swell conference, scheduled for Nov. 4-5 in New York, promises a lineup that marks one of the strongest intersections of crypto with US policy and traditional finance.  However, XRP (XRP) bulls largely ignored the possible impacts of the event, with the price falling 7.5% since Monday, while continuing its prevailing downtrend, as…

Why is Zcash’s ZEC the Only Cryptocurrency Making Gains Right Now?

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Key Takeaways: ZEC’s 500% October rally is fueled by celebrity endorsements and short liquidations. A rising wedge pattern now warns of a potential 30% correction toward the $260–$270 support zone in November. Zcash (ZEC) is spooking cryptocurrency bears this Halloween, as it is one of the few coins seeing significant gains on Friday. The privacy-focused cryptocurrency rallied 7.75% to $390.75, its highest level since 2018. In comparison, the crypto market’s capitalization fell 2.50% in the same period. ZEC/USD vs. TOTAL crypto market cap daily chart. Source: TradingView ZEC price is…

Zcash Flips Monero, Soars To 8-Year High Despite Market Downturn

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Some of the leading privacy coins are defying the gravity of the digital asset market, signaling growing investor demand for privacy-focused cryptocurrencies. Zcash (ZEC) surged to an over eight-year high of $388 on Friday after rising 7.6% in the last 24 hours, according to data aggregator CoinMarketCap. With a $6.2 billion market capitalization at the time of writing, ZEC flipped Monero (XMR) to become the most valuable privacy-focused cryptocurrency. ZEC’s 45% weekly rise bucked the broader crypto market downturn, which continued its consolidation after a much-awaited tariff deal between the…

Australian Police Cracks Coded Crypto Wallet Holding $5.9M

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Australian police cracked a coded cryptocurrency wallet backup containing 9 million Australian dollars ($5.9 million). Australian Federal Police (AFP) Commissioner Krissy Barrett described the effort as “miraculous work” during a Wednesday speech, crediting a data scientist who has become known within the agency as a “crypto safe cracker.” During an investigation into a purported “well-connected alleged criminal” who stockpiled cryptocurrency by selling “a tech-type product to alleged criminals,” the AFP came across password-protected notes on his mobile phone. Upon further examination, law enforcement also identified an image containing random numbers…

The EU’s Two-Tier Encryption Vision Is Digital Feudalism

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Opinion by: Bill Laboon, vice president of Ecosystem at the Web3 Foundation Sam Altman, CEO of OpenAI, recently showed a moment of humanity in a tech world that often promises too much, too fast. He urged users not to share anything with ChatGPT that they wouldn’t want a human to see. The Department of Homeland Security in the United States has already started to take notice.  His caution strikes at a more profound truth that underpins our entire digital world. In a realm where we can no longer be certain…

Western Union Trademark Hints at Array of Crypto Services

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Major financial services company Western Union has filed for a trademark covering multiple crypto services just a day after sharing it would launch a stablecoin system on Solana early next year. Western Union Holdings, Inc. filed with the US Patent and Trademark Office to trademark “WUUSD” on Wednesday, covering a range of crypto services related to stablecoins. The filing notes that the agency has accepted it, but it has yet to be assigned to an examiner. The filing states that the WUUSD trademark could be used for a crypto wallet,…

Strategy Unlikely to Acquire Bitcoin Treasury Rivals: Saylor

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Strategy chairman Michael Saylor says his company isn’t interested in acquiring other Bitcoin treasury companies, as doing so is fraught with uncertainty, although he didn’t entirely rule it out. “Generally, we don’t have any plans to pursue M&A [merger and acquisition] activity, even if it would look to be potentially accretive,” Saylor told investors on Thursday during Strategy’s third-quarter earnings call. “There’s just a lot of uncertainty, and these things tend to stretch out six to nine months or a year,” he added. “An idea that looks good when you…

Coinbase’s Armstrong Shakes Up Predictions Markets in Q3 Call

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Coinbase boss Brian Armstrong shook up two prediction markets in the final seconds of Thursday’s third-quarter earnings call by dropping a list of crypto buzzwords that Kalshi and Polymarket users bet would be mentioned in the call, resolving all markets to a “yes.”  Several Kalshi and Polymarket users were ecstatic that their bets paid off in the final seconds. In contrast, others were understandably rattled to hear that a prediction market could be so easily upended.  “I was a little distracted because I was tracking the predictions market about what…

DYdX Planning US Market Entry by 2026: Report

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Decentralized exchange dYdX is reportedly preparing to enter US markets by the end of 2025, its president Eddie Zhang said. According to a Reuters report published Thursday, the company plans to enter the United States in the coming months, expanding its offerings to include spot trading on cryptocurrencies, such as Solana (SOL). “It’s very important for us as a platform to have something available in the United States, because I think it represents, hopefully, the direction we’re trying to move in,” said Zhang, according to Reuters. DYdX specializes in perpetual…