BlackRock’s Spot Bitcoin ETF (IBIT) Snaps Four-Week Downtrend in Volumes

BlackRock’s spot bitcoin exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes. A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week’s volume tally of 171.74 million shares, according to data…

Bitcoin Set to Chase New Highs While Altcoins Struggle

Key points: Bitcoin is facing selling near $108,000, but the likelihood of a break above it remains high. Several major altcoins remain in a range, but some are showing signs of breaking above their near-term overhead resistance levels. Bitcoin (BTC) is facing selling just above $108,000, but a positive sign is that the bulls have…

Bitcoin Price Stagnant As Long-Term Holders Sell To Institutions

Long-term holder selling pressure has stunted the growth of Bitcoin’s price, despite recent moves from institutions and corporations to buy the asset, according to an analyst.  “People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO,” said Capriole Investments founder Charles Edwards on Sunday.  He added that this is…

How Russian miners built a mobile crypto farm and got busted

What is crypto mining on wheels, and how did Russian authorities discover it? A mobile cryptocurrency mining operation involves installing mining equipment, such as application-specific integrated circuits (ASICs) or graphics processing units (GPUs), in portable units like trucks, vans or shipping containers.  Mining equipment can be easily relocated to take advantage of inexpensive or unregulated…

What Happened In Crypto Today

Today in crypto, Michael Saylor signals 11th consecutive week of Bitcoin buying, Kenya’s crypto startups fear a Binance-linked lobby group could tilt new regulations in the exchange’s favor under the proposed VASP bill, and ETF analysts are confident of REX Shares launching a Solana staking ETF very soon. Saylor hints at continuing Bitcoin buying streak,…

Bitcoin Chases New Highs As LINK, BCH, HYPE, SEI Breakout

Key points: Bitcoin aims for its highest weekly close above $109,000, but higher levels are likely to attract sellers. HYPE, BCH, LINK, and SEI could extend their rallies if Bitcoin price stays above $105,000. Bitcoin (BTC) made a solid comeback this week, rising more than 6%, indicating strong buying near the $100,000 level. The bulls…

Bitcoin Chases New Highs As LINK, BCH, HYPE, SEI Breakout

Key points: Bitcoin aims for its highest weekly close above $109,000, but higher levels are likely to attract sellers. HYPE, BCH, LINK, and SEI could extend their rallies if Bitcoin price stays above $105,000. Bitcoin (BTC) made a solid comeback this week, rising more than 6%, indicating strong buying near the $100,000 level. The bulls…

Social unrest among Gen Z to drive BTC adoption: Analyst

Younger generations disillusioned by the current financial system and calling for a socialist system financed through increased public spending will force the price of Bitcoin (BTC) higher in the long term, according to market analyst Jordi Visser. In a Sunday episode of entrepreneur Anthony Pompliano’s podcast, Visser said younger generations, those 25 and lower, are…

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC. The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in a…

Decoy messaging provides air cover and anonymity for whistleblowers

Mass decoy messaging between news agencies and readers can help protect the identity of whistleblowers, according to Dr. Manny Ahmed, the founder of CoverDrop, a whistleblower protection tool, and OpenOrigins, a blockchain firm that provides data provenance for images and videos to ensure authenticity. Both tools work in symbiosis to ensure trusted communications. In an…