Author: CryptooTimes
Bitcoin could be on the path to a new all-time high if it breaks out of its reaccumulation phase this Saturday, according to an analyst. In a Sept. 14 X post, prominent trader Rekt Capital indicated that Bitcoin could soon break out of its reaccumulation range, where it has been trading since early March if historical patterns repeat. The analyst pointed out that Bitcoin has historically exited its reaccumulation phase between 154 and 161 days after a halving event. A Bitcoin halving event is when the reward for mining new Bitcoin blocks is cut in half, reducing the rate at…
Other top messaging apps like WhatsApp and Meta’s Messenger are also sharing user data with authorities, on valid legal requests.
More recently, bitcoin spent 111 days between $54,271 and $59,699. And it has so far spent 126 trading days in its current range of $59,700 to $65,670, a period that could extend if history repeats itself. These prolonged periods of consolidation aren’t unprecedented, as seen during the $8,000 to $12,000 range, where bitcoin traded for hundreds of days.
Crypto scammers took over OpenAI’s press account to post phishing links that targeted OpenAI users. While the posts have now been deleted, crypto scammers managed to hijack OpenAI’s official press account on X on Sept. 23 to promote a suspected phishing link. The ChatGPT developer has yet to acknowledge the breach. Someone has gained access to the official OpenAI Newsroom X account.This is now the 4th OpenAI X account to be compromised in the past 15 months. pic.twitter.com/PxFOtPFNFB— Smoke-away (@SmokeAwayyy) September 23, 2024 Those behind the hack promoted a token called “OPENAI,” claiming it would bridge the gap between blockchain…
Celsius token skyrockets 300% a month after paying $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement.
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Spot Bitcoin exchange-traded funds in the U.S. experienced a significant drop in net inflows on Sept. 23, while spot Ether ETFs ended their two-day inflow streak. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $4.56 million, 95% lower than the $92 million inflows recorded the previous trading day. Fidelity’s FBTC led the lot again with $24.9 million in inflows following nine days of positive flows and one day of neutral flows seen by the fund. BlackRock’s IBIT, the largest BTC ETF, followed with $11.5 million flowing into its fund, ending its no-flow streak of…
In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification on which crypto assets are securities.
In a published note, Lynn Song, Chief Economist for Greater China at ING, wrote that today’s policy package is expected to weaken the yuan slightly, with the USD-CNY exchange rate rising in response to the PBoC’s easing measures. However, medium-term factors like interest rate spreads suggest a gradual appreciation trend for the CNY.
21.co, the parent company of crypto exchange-traded products issuer 21Shares, has integrated the Chainlink Proof-of-Reserve to enhance the transparency of its wrapped Bitcoin. According to a press release on Sept. 23, 21.co will leverage Chainlink (LINK)’s proof of reserves service on the Solana (SOL) and Ethereum (ETH) mainnets. The integration aims at increasing the reserves transparency for 21.co’s wrapped Bitcoin dubbed 21BTC. 21.co eyes on-chain reserves transparency for its 21BTC 21BTC launched on Solana in May 2024 and on Ethereum in early September 2024. The token is backed 1:1 by BTC reserves held in cold storage and institutional custody. Chainlink’s…
