Tag: Bitcoin

Bithumb Launches Legal Action to Recover 7 Bitcoin From Payout Mistake

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South Korean crypto exchange Bithumb has begun legal proceedings to recover 7 Bitcoin still missing from a payout error that saw 620,000 BTC mistakenly distributed during a promotional event in February. The exchange has filed for a provisional attachment, a court-approved measure that freezes assets ahead of a civil lawsuit, targeting users who have yet to return the funds, according to a Thursday report by local outlet Chosun Biz. On Feb. 6, the exchange wanted to distribute a total of 620,000 won ($420) to 249 event winners. Instead, due to…

Bitcoin Has 3–5 Years to Prepare for Quantum Risk: Bernstein

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Advances in quantum computing could eventually pose a threat to Bitcoin’s cryptographic security, but the risk remains manageable and unlikely to cause existential disruption, according to a new research report by Bernstein. In the report, the Bernstein team — Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra — described quantum computing as a “manageable upgrade cycle” rather than an “existential risk.” Recent breakthroughs, including research from Google showing a significant reduction in the resources required to break modern encryption, have accelerated the timeline for potential threats. However, building quantum…

Bitcoin Price Targets $90K as Bulls Buy BTC Aggressively on Binance

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Market analysts say Bitcoin’s (BTC) is building up after its 7% rally above $72,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving macro sentiment.  Key takeaways: BTC price builds a bullish structure after reclaiming $72,000, as a symmetrical triangle breakout targets $90,000. Binance taker buy volume exploded by $2.7 billion in two hours after the US-Iran ceasefire, signaling strong aggressive buying by bulls. BTC price “builds a bullish structure” Bitcoin’s latest rally saw it reclaim key support areas, including the $68,000 zone where the 200-week exponential moving…

Bitcoin Spot Demand Rises As $72K May Define Next Move

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Bitcoin (BTC) rallied above $72,000 on Tuesday as BTC order book and derivatives data showed buyers returning to the market. Bitcoin’s recent trading history suggests that holding the $70,000 level is the first task bulls need to master, but previous BTC price rallies were capped by short-term traders selling into the bullish momentum. Will this time be different? BTCUSDT on the one-day chart. Source: Cointelegraph/TradingView Bitcoin spot demand remains positive Bitcoin held above $71,300 on Wednesday as the spot market demand strengthened over the past few days. The order flow…

Morgan Stanley launches Bitcoin ETF with lowest fees in the game, and demand is already surging

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Morgan Stanley just did something no major US commercial bank has done before: launched its own spot Bitcoin exchange-traded product. The Morgan Stanley Bitcoin Trust, trading under ticker MSBT, went live on April 8 with an annual fee of 0.14%, meaningfully cheaper than BlackRock’s iShares Bitcoin Trust (IBIT) at 0.25%. In English: the biggest wealth management firm on Wall Street is now competing head-to-head with BlackRock for Bitcoin ETF dollars, and it’s doing so by offering a lower price tag. For an asset class that some banks wouldn’t touch three…

Bitcoin Bulls Struggle With $72,000 Reclaim Despite US-Iran Ceasefire

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Bitcoin bulls failed to stay above $72,000 for long as BTC price action already began to discount the impact of a US-Iran ceasefire agreement. Bitcoin (BTC) hit new three-week highs into Wednesday’s Wall Street open as stocks surged on a US-Iran ceasefire. Key points: Bitcoin briefly hits new three-week highs before round-tripping its gains. Iran ceasefire relief fails to last as traders demand that bulls reclaim higher levels. More volatility is due thanks to US inflation reports. BTC price fails to stay above $72,000 Data from TradingView captured BTC/USD reaching…

Bitcoin Miner Cango Sells 2,000 BTC, Cuts BTC Production Cost by 19%

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Bitcoin mining company Cango said on Wednesday it slashed its Bitcoin production cost to $68,215 per coin, a 19.3% cost reduction compared to the average cash cost of $84,552 per coin reported in the fourth quarter of 2025.  The company attributed the reduction to its shift toward a “lean-production model” that prioritizes margin resilience over raw scale, according to its monthly operational report. Cango said the production cost reduction will help the company weather the volatility of Bitcoin prices. The company sold 2,000 Bitcoin (BTC) in March at an average…

Iran demands Bitcoin, crypto payments for Strait of Hormuz passage: FT

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Iran demands Bitcoin payments for ships passing through the Strait of Hormuz, Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union told the Financial Times. The toll, about $1 per barrel, must be paid in crypto after tankers submit details of their cargo. Empty vessels are exempt, but all ships will be monitored to prevent weapons smuggling during the two-week ceasefire. Iran plans to guide ships along the northern route near its coast, and vessels that ignore the rules face warnings of military strikes. The process…

NYT Report Suggests Adam Back Could Be Bitcoin Creator Satoshi Nakamoto

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The New York Times published an investigation on Wednesday arguing that Adam Back, the British cryptographer who invented Hashcash, is the most likely person behind the Satoshi Nakamoto pseudonym used by Bitcoin’s creator. Back denied the claim, telling Cointelegraph he was referring reporters to his post on X after previously rejecting similar attempts to identify him as Satoshi. Back reiterated in the post that he is not Satoshi, adding that he “was early in laser focus on the positive societal implications of cryptography, online privacy and electronic cash, hence my…

Morgan Stanley’s Bitcoin ETF to Launch on Wednesday

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The Morgan Stanley Bitcoin Trust will be the cheapest Bitcoin ETF on the market at an ultra-low 0.14% fee. Morgan Stanley’s Bitcoin exchange-traded fund is set to debut on the NYSE Arca stock exchange on Wednesday, making it the first major commercial bank to offer a Bitcoin ETF in the US. The launch of the Morgan Stanley Bitcoin Trust (MSBT) on April 8 was confirmed in a listing notice by the New York Stock Exchange on Tuesday. NYSE’s listing notice for MSBT’s launch on Wednesday, April 8. Source: NYSE It…