Large Bitcoin outflows may signal rising demand as investors shift BTC into cold storage, reflecting institutional confidence. Read More at https://cointelegraph.com/news/bitcoin-exchange-outflows-sept-750-million-surge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: September 2024
Bitcoin drops on Trump Harris debate with BTC price down 2.2% pre-CPI
Bitcoin bulls are caught between a disappointing US Presidential debate and classic pre-CPI BTC price pressure. Read More at https://cointelegraph.com/news/bitcoin-drops-trump-harris-debate-btc-price-down-2-2-pre-cpi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Indonesian crypto exchange Indodax goes offline after suspected $22M hack
The breach compromised hot wallets on Indodax, resulting in the loss of Bitcoin, Ether, Tron, Polygon, and Optimism. Indodax has temporarily suspended operations. Read More at https://cointelegraph.com/news/indodax-crypto-exchange-hacked-22-million-loss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Based Rollups pitched as fix to Ethereum incentives amid L2 fee debate
Some commentators note that Based Rollups align incentives between Ethereum layer 2 and its base layer validators, which could result in deflationary issuance again. Read More at https://cointelegraph.com/news/based-rollups-could-improve-ethereum-incentives-say-commentators?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin shorters ‘likely to get burned’ if CPI prints as expected
An analyst warns that a lower CPI could squeeze Bitcoin short sellers, while a higher-than-expected CPI might lead to a Bitcoin sell-off. Read More at https://cointelegraph.com/news/bitcoin-shorts-burned-if-cpi-results-as-expected?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO
Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated. Read More at https://cointelegraph.com/news/australian-crypto-investors-sidelined-clear-crypto-laws-swyftx?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Atomic Wallet wins dismissal of class suit over $100M hack
A US judge found a Colorado court lacked jurisdiction over the Estonian-based Atomic Wallet, its CEO and a sister software development firm. Read More at https://cointelegraph.com/news/us-court-dismiss-atomic-wallet-class-suit-lack-jurisdiction?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US lawmakers divided in first Congressional hearing on DeFi
Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams and tax evasion. Read More at https://cointelegraph.com/news/first-congressional-defi-hearing-house-lawmakers-divided?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin miner solves block alone, grabs $180,000 reward
A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain. Read More at https://cointelegraph.com/news/bitcoin-miner-solves-block-solo-180k-reward?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Harris-Trump debate: Trump’s odds to clinch election fall 3% on Polymarket
Kamala Harris and Donald Trump made no mention of digital assets during their first-ever debate as Trump’s odds of victory plunged on betting markets. Read More at https://cointelegraph.com/news/trump-harris-presidential-debate-crypto-not-mentioned?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound