Texas Senator Ted Cruz has blocked a privacy bill that seeks to protect all Americans from having their personal information exposed by data brokers — arguing that law enforcement needs access to some data and that the bill requires refinement. The Bitcoiner was the only US Senator to object to Democrat Senator Ron Wyden’s bill — Senate Bill 2850 — on Wednesday, arguing a lack of data could disrupt efforts to ensure that convicted sex offenders are kept away from children. SB 2850 seeks to stop brokers from exposing personal…
Category: Bitcoin News
New York State Senator Pushes Legislation To Tax Crypto Miners
New York State Senator Liz Krueger introduced a bill on Wednesday to impose excise taxes on energy used by crypto mining companies operating facilities in the state. The proposed excise tax, which is not the first legislative initiative of its kind, will be levied in tiers, with no charge for miners consuming 2.25 million kilowatt-hours (kWh) or less per year and a tax of 2 cents per kWh for miners who consume 2.26 million to 5 million kWh annually. Miners who consume between 5 million-10 million kWh per year face…
Spend Your Bitcoin, Don’t Just Hoard It
Opinion by: Carel van Wyk, CEO of MoneyBadger “Hodl” is the rallying cry for many in the typical Bitcoin community because they believe they should spend “bad money” (fiat) and hoard “good money” (Bitcoin) as it may appreciate in value. But they misunderstand Gresham’s Law, which says, “Bad money drives out good,” because today, there is no reason to have bad money at all. There is a fundamental problem with the hodl approach, particularly in countries where the local fiat is under siege, like South Africa. It leads to people…
Bitcoin Rally To $125K Possible: Here’s Why
Key takeaways: Over $313 million in Bitcoin bearish positions were liquidated, signaling conditions for a short squeeze. Gold’s momentum highlights investors’ search for alternatives as interest rate cut expectations gain traction. Bitcoin (BTC) flirted with the $121,000 level on Thursday, marking its highest point in seven weeks. Bulls remain confident, noting that current conditions are far stronger than they were in mid-August when BTC briefly touched $124,000. Beyond easing recession fears and gold’s supportive momentum, Bitcoin derivatives suggest traders were caught off guard, a setup that often creates the conditions…
Exchanges Will Be DEX Frontends In 5-10 Years: 1inch Co-founder
Centralized crypto exchanges could disappear within the next decade as decentralized finance (DeFi) aggregators take over, according to 1inch co-founder Sergej Kunz. In an interview with Cointelegraph at Token2049 in Singapore, Kunz predicted that exchanges will slowly transition into frontends for decentralized exchanges (DEXs). “I think it will take like five to 10 years,” he said. Kunz argued that while centralized exchanges are isolated markets, 1inch and its aggregator act as a global liquidity hub. His comments came as 1inch announced a deal with major US crypto exchange Coinbase, integrating…
Canaan stock surges over 25% on record US Bitcoin mining rig order
Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company purchased the latest-generation “Avalon A15 Pro” mining machines, an institutional-grade Bitcoin mining rig. The buyer was not disclosed, but the sale was reported as Canaan’s largest in over three years. The company’s CEO, Nangeng Zhang, said the sale highlighted both companies’ “confidence in the long-term growth” of Bitcoin mining and the “demand for highly efficient, next-generation infrastructure.” According to the Hashrate Index, the United States…
Bitcoin’s ‘Bull Flag’ Breakout Targets $145K in October
Key takeaways: Another Bitcoin price pullback to $117,000 is possible before the uptrend resumes. A classic chart pattern puts BTC price on course for $145,000 in the next few months. Bitcoin (BTC) reached a six-week high of $119,500 on Thursday, following a 10% rise from its local low of $108,650 seven days prior. BTC has now reclaimed a key support level as prices continued to consolidate below its $124,500 all-time high. Can Bitcoin see new all-time highs in the next few days? Bitcoin “bull flag” breakout hints at $145,000 After…
New All-Time Highs are the ‘Only Thing Missing’ From Bitcoin, Says Analyst
Key points: Bitcoin aims for a $120,000 reclaim as bullish momentum continues at the Wall Street open. Traders are eager for price discovery, seeing this as increasingly likely. RSI heads higher with price without sparking a sustained support retest. Bitcoin (BTC) approached $120,000 at Thursday’s Wall Street open as bearish BTC price takes gave way to all-time highs “next.” BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin traders prepare for price discovery Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining another 1% on the day. With no major pullbacks overnight,…
Fresh Bitcoin Accumulation Set To Take Place At $120K
Key takeaways: Bitcoin clears the $120,000 hurdle as long-term holder selling pressure eases. Short-term holders are absorbing losses, signaling market stabilization. Neutral LTH flows may set the stage for a decisive breakout. Bitcoin (BTC) rallied above $120,000 for the first time since Aug. 13 as onchain data suggesting the market may be entering an accumulation phase as long-term holders (LTHs) selling pressure eases. According to Glassnode, the Short-Term Holder Realized Value (RVT) ratio has been steadily compressing since May, reflecting a cooling of speculative excess. Historically, elevated RVT levels have…
How to Spot Early Crypto Gems in 2025
Key takeaways: Builders: Look for active repositories, steady commits and external validation to confirm real progress. Usage: Fees and retained revenue matter more than hype — use clean, consistent definitions. Liquidity: Depth and spread across venues show true tradability, not inflated volumes. Token design: Check float, fully diluted valuation and unlock cliffs to spot supply overhang. Security: Audits alone aren’t enough — review who conducted them, when they were done and how upgrades are controlled. Being early to the table means spotting real progress before the crowd: teams shipping useful…