Category: Bitcoin News

Bithumb said it identified and corrected an internal payout error after an “abnormal amount” of Bitcoin was credited to some user accounts during a promotional event, briefly causing sharp price fluctuations on the exchange. In a company announcement on Friday, the South Korean crypto exchange said the price dislocation occurred after some recipients sold the mistakenly credited Bitcoin, but that it quickly restricted the affected accounts through internal controls, allowing market prices to stabilize within minutes and preventing any chain liquidations. Bithumb said the incident was unrelated to any hacking…

Cryptocurrency markets experienced a brutal sell-off this week as investor concerns grew over stagnating US liquidity following US President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve. Bitcoin exchange-traded funds (ETFs) recorded three consecutive days of outflows, with $431 million exiting on Thursday, according to data from Farside Investors. Bitcoin’s (BTC) price briefly dipped to $60,074 on Friday before recovering above $64,930 as of 7:49 a.m. UTC. Warsh — who previously served as a Fed governor from 2006 to 2011 — is expected to continue the interest…

In a video interview, Samson Mow shares his views on Bitcoin’s latest bloodbath, quantum fears and the catalysts that could drive Bitcoin’s next recovery. In an exclusive Cointelegraph interview, Bitcoin OG Samson Mow shares his perspective on Bitcoin’s latest massive crash, what’s driving the sell-offs and why a rebound could be closer than most expect. We discuss gold and silver’s rally, forced liquidations, the “quantum threat” to crypto, and examine the long-term Bitcoin thesis: Is Bitcoin truly designed to rise in price due to fiat devaluation, or is that a…

Galaxy Digital Inc. (Nasdaq: GLXY) has authorized a share repurchase program of up to $200 million, allowing the company to buy back its Class A common stock over the next 12 months. According to a company announcement, the repurchases may be conducted on the open market or through privately negotiated transactions, including under Rule 10b5-1 trading plans, and remain subject to applicable securities laws and exchange rules. The program does not obligate Galaxy to repurchase any shares and may be suspended or discontinued at any time. The buyback program has…

Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. BTC price action is due “mean reversion” as a result. Analysis describes a “macro-driven” Bitcoin bear market now in progress. Bitcoin sees one of its fastest price drawdowns New analysis from Martin Leinweber, director of digital asset research and strategy at European index provider MarketVector Indexes, says that Bitcoin’s long-term investment thesis is “intact.” BTC price action has never strayed…

Bitcoin Core developer Gloria Zhao has stepped down as a maintainer and revoked her Pretty Good Privacy (PGP) signing key, ending about six years as one of the project’s gatekeepers.  On Thursday, Zhao submitted her last pull request to the Bitcoin GitHub repository, removing her key from the trusted keys and withdrawing herself as one of the few maintainers able to update Bitcoin’s software. Becoming the first known female maintainer in 2022, she focused on mempool policy and transaction relay: the rules and peer‑to‑peer logic that decide which transactions get…

The global non-fungible token (NFT) sector fell below $1.5 billion in total market capitalization, returning to levels last seen before the sector’s rapid expansion in 2021.  The retracement unfolded alongside a broader crypto market downturn over the past two weeks, CoinGecko data shows. On Jan. 23, total crypto market capitalization stood at about $3.1 trillion, before falling to $2.2 trillion on Friday. Major assets like Bitcoin (BTC) slid from around $89,000 to about $65,000, while Ether (ETH) fell from $3,000 to near $1,800 throughout the same time frame. Bitcoin and…