Category: Bitcoin News

Saylor’s Strategy Adds 168 Bitcoin in Post-Crash Week

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Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its BTC stash last week amid another market sell-off following the Black Friday crypto crash. Strategy acquired 168 Bitcoin (BTC) for $18.8 million last week, according to data published by Strategy on X on Monday. The latest Bitcoin acquisition was made at an average price of $112,051, though Bitcoin slipped below $104,000 last Friday amid the shockwaves of the market crash on Oct. 10, according to Coinbase data. With the new purchase, Strategy held a total of 640,418 Bitcoin,…

“Code is Law” Explores Moral Quandry Behind Crypto Hacks

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“A world where ‘the market’ runs free and the ‘evil’ of government is defeated would be, for them, a world of perfect freedom.” — Lawrence Lessig, Code: Version 2.0 Recently, I got the chance to watch a preview of James Craig’s upcoming documentary “Code is Law.” The film, which debuts on Oct. 21 on Apple TV+, Amazon Prime Video, and YouTube Movies, tells two distinct but related stories of crypto hacks: the people involved and the ethos of the perpetrators. Its position is clear, but the question deserves a deeper…

Decentralized Science Will Bring The Brain Onchain

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Opinion by: Andreas Melhede, co-founder of Elata Biosciences Neuralink’s first-ever brain implant is turning science fiction into reality. It’s a coin-sized device with hair-thin electrode threads that a surgical robot weaves into the brain’s cortex to read and send neuron signals. These signals are then transmitted wirelessly to a computer, allowing the person wearing the implant to perform actions without needing to move. Elon Musk, Neuralink’s founder, once highlighted that the company will “give people superpowers.” Silicon Valley’s vision of a direct brain-computer interface (BCI) sounds exciting. Designed to help…

Grok, DeepSeek Surpass ChatGPT, Gemini in Crypto Trading

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Grok and DeepSeek outperformed other major artificial intelligence chatbots in cryptocurrency trading, timing the market’s local bottom before a recovery rally and hinting at a possible edge for users who rely on their insights. Grok 4 and DeepSeek were the two best-performing generative AI chatbots in a crypto trading competition launched by developers that received viral attention. DeepSeek generated a total unrealized profit of $3,650 as the most profitable chatbot, followed by Grok with about $3,000 in unrealized profits, according to blockchain data platform CoinGlass. Deepseek wallet address, unrealized PNL.…

Amazon AWS Outage Hits Coinbase Mobile App, Robinhood

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Coinbase and Robinhood were among several major platforms distressed by an Amazon Web Services (AWS) data center outage on Monday, underscoring the risks of relying on centralized cloud providers for critical financial infrastructure. Coinbase, the third-largest centralized cryptocurrency exchange (CEX) by trading volume, was hit by an AWS data center outage, which reported “increased error rates and latencies” for multiple AWS Services in the Northern Virginia region. The AWS disruption crashed Coinbase’s mobile application, with multiple users reporting issues logging in, placing orders and withdrawing funds. The Base app was…

BlackRock Launches Bitcoin ETP in the UK After FCA Lifts Ban

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BlackRock launched a Bitcoin-linked exchange-traded product (ETP) in the United Kingdom following the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles. On Monday, the asset manager’s website showed that the iShares Bitcoin ETP had been listed on the London Stock Exchange. According to the Sunday Times, the product, which is structured as a Bitcoin-linked security, will allow investors to buy fractions of Bitcoin (BTC) through units starting at about $11.  The ETP is designed to mirror BTC prices while trading within a regulated framework, allowing investors…

Bitcoin Macro Chart Eyes 70% Gains as BTC Price Taps $111K

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Key takeaways: Bitcoin surged above $111,000 on Monday, driven by improving macro conditions and a potential US-China trade deal. Technical analysis shows bull flags targeting $186,000-$192,000 BTC price in the weeks ahead.  Bitcoin (BTC) rose back above $111,000 at the start of the European trading session on Monday as improving macroeconomic conditions sparked renewed investor confidence.  BTC/USD hourly chart. Source: Cointelegraph/TradingView Macro data gives bullish cues to Bitcoin Bitcoin price topped $111,430, rising 4% over the last 24 hours and up 7.6% above Friday’s low of $103,530, according to data…

Dorsey’s ‘Bitcoin Is Not Crypto’ Tweet Sparks Community Debate

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Jack Dorsey, the creator of Twitter and a strong supporter of Bitcoin, has reignited debate in the crypto community with his latest comments on what BTC truly is. Dorsey took to X on Sunday to post a brief message stating “Bitcoin is not crypto,” prompting a massive response with more than 4,000 comments. While some argued that the anonymous BTC creator Satoshi Nakamoto described Bitcoin (BTC) as a “peer-to-peer cryptocurrency” on the Bitcointalk forum back in 2010, Dorsey highlighted the word “currency,” underscoring its monetary roots. An early Bitcoin adopter…

Bitcoin OGs Taking Profits Keep Price Suppressed Say Analysts

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The price of Bitcoin will have a challenging road ahead as long as long-term holders continue to take profits, according to analysts. The failure of crypto markets to recover was not due to manipulation, paper Bitcoin, or suppression, “just good old-fashioned sellers,” said analyst James Check on Sunday. Check added that the sheer volume of sell-side pressure from existing Bitcoin (BTC) holders is still not widely appreciated, and that it was “the source of resistance” at the moment.  The analyst shared a chart showing that the average age of spent…

Strategy Can Buy Millions Of Bitcoin Immediately: Saylor

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Bitcoin treasury companies like Strategy can turn fresh capital into Bitcoin almost instantaneously, Michael Saylor says, as the executive chairman posted a fresh teaser about buying more tokens on Sunday.    The investment cycle is a thousand times faster than technology, real estate, oil and gas or “anything else you’ve ever seen before in your life,” Saylor said in an interview on the Market Disrupters podcast released on Saturday.  “Sometimes we’re literally selling 50 million an hour or 100 million an hour and buying the $100 million of Bitcoin the same…