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Bitcoin [BTC], the world’s largest crypto currency has garnered a lot of support over time. Several have been embracing the king coin after altering their perception of BTC. But a few others continue to find faults in the asset. Gold bug Peter Schiff has been a critic of BTC for quite some time. He still condemns the crypto currency even after it has evolved over the past few years. More recently, he suggested that Bitcoin is a “fraud.” Recent comments from MicroStrategy co-founder and Bitcoin bull Michael Saylor prompted Schiff to outrightly label BTC as a “fraud” and a “scam.” Saylor uploaded a short clip that contains points on how the financial system is poised to implode and how the US currency is losing purchasing value. In addition to this, it shifts into full-fledged evangelism, with Bitcoiners appropriating ideas from the religious realm. Tim Draper, a venture capitalist was also part of the video and compared the BTC market. to a decen...

The entire cryptocurrency market has been in a slump lately. Several assets have been struggling to record a decent surge. Bitcoin [BTC], the world’s largest cryptocurrency , was being pushed down by the bears too. Amidst this downtrend, several whales were seen buying the dip, while the others stayed cautious. A dormant Bitcoin miner wallet resurfaced and made news after 14 years. The wallet decided to re-enter the market by moving 50 BTC worth over $3 million to Binance. Lookonchain revealed this movement and noted that $3.05 million worth of Bitcoin was moved. It is said that this Bitcoin was mined on July 14, 2010. Block 67,254 was used to earn all 50 BTC. The block reward for mining the block was $3.05 million worth of Bitcoin. The block data further show that there were four transactions totaling 1,085.85 BTC with a difficulty of 45.38682234. A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago. The miner earned 50 $B...

WikiLeaks co-founder Julian Assange has arrived back in his native Australia debt-free after eight Bitcoin s worth roughly $500,000 were sent to a fundraiser covering the costs of his private jet.  As reported by Alistair Milne, the CIO of Altana Digital Currency Fund, an anonymous donor sent 8.0717 Bitcoin s worth over $494,000 to an address listed on the Free Julian Assange site. This is in addition to the £345,992 ($437,925) sent to the Crowdfunder set up by Julian’s wife, Stella. She and Julian needed $520,000 to pay off the Australian government for providing the charter flight that took him to Saipan and then on to Australia.  Assange pleaded guilty on Tuesday to one count of espionage in a Saipan court as part of a plea deal. He has since landed back in Australia a free man.  Scroll down for crypto wallets: #AssangeJet #AssangeFreehttps://t.co/PLxHIxwssl https://t.co/BXBh4KI2RZ — Stella Assange #FreeAssangeNOW (@Stella_Assange) June 26, 2024 Stella Assange shari...

Notable economist and financial personality Peter Schiff is back with his eccentric comments concerning Bitcoin and the overall cryptocurrency market. Taking it up on X, Schiff dissected the Bitcoin narrative, adding how the rise of Bitcoin is overshadowing the gold and silver bullish phases. Also Read: What’s Happening Between The US Dollar And The Japanese Yen Today? Schiff Disses Bitcoin, Again Source: Entrepreneur Peter Schiff, a leading economist, has grabbed global attention by making his Bitcoin-centric views known to the world. The economist took to X to share another opinion, adding that the rise of Bitcoin to $78k is overshadowing the bullish momentum of the gold and silver rally. Schiff later dubbed the current price hike of Bitcoin as “insignificant,” adding how the current Bitcoin rally is suppressing the stellar price hikes documented in the sectors of gold and silver. The economist was later accused of BTC’s current price surge, reiterating...

Following a relatively quiet period, a trio of crypto hacks has hit the sector. Over the past 24 hours, lending platform Sonne Finance lost $20 million to a well-known attack vector, the bridge to ‘Bitcoin Layer 2’ ALEXLab was drained for $4.3 million, and crypto investment firm BlockTower Capital was found to have been hacked for an undisclosed sum. Sonne Finance hit via ’empty market’ bug Sonne Finance was hacked on Ethereum L2 Optimism via the ‘empty market’ bug in new markets — in this case, soVELO. The attack is ongoing and much bigger, an additional $17 million has been stolen and the total value loss is more than $20 million. @SonneFinance please take immediate action. https://t.co/k39W09J8Bd — Cyvers Alerts (@CyversAlerts) May 14, 2024 Read more: Compound Finance upgrade bug freezes $830M in crypto Sonne uses forked code from Compound, one of the first decentralized finance (DeFi) lending protocols. ‘Forking,’ or reusing, code from established ...

Cryptocurrency trading is a whirlwind of uncertainty where wealth can vanish or multiply instantly. One recent example is an anonymous investor, often called a “whale” in digital circles, who swiftly amassed $3 million in just four days through Bitcoin [BTC] trading. Their actions offer a glimpse into the rollercoaster ride that is digital asset investment. Four days ago, this particular whale spotted an opportunity at the market’s nadir, purchasing a hefty amount of BTC. With a sharp eye for market trends, they deposited an impressive 767 BTC, totaling a staggering $48.46 million, into the reputable exchange Binance. Little did onlookers know, this was merely the opening gambit of a high-stakes trading spree. Demonstrating impeccable timing, the investor swiftly withdrew the same 767 BTC from Binance a mere eight hours later, taking advantage of a brief surge in Bitcoin’s value. However, the plot thickened as the market took an unexpected turn, leading to a d...

This week was supposed to be the moment that fungible tokens on Bitcoin rocketed to prominence. Although some fungible tokens like the billion-dollar ORDI have gained modest popularity using standards like BRC-20 and STAMPS’ SRC-20, a brand new protocol was supposed to supersede these expensive, slow, and data-intensive standards. On April 20, the day of the Bitcoin halving, Ordinals founder Casey Rodarmor launch ed his next-generation fungible token protocol, Runes . Hundreds of thousands of wallets minted new Runes , paying all-time high Bitcoin transaction fees. Runes promised to be a more professional, less expensive, faster, and more seamless protocol for launching altcoins on Bitcoin. Rodarmor coded Runes because, in his words, “ Fungible tokens are 99.9% scams and memes . However, they don’t appear to be going away any time soon.” In short, Rodarmor launched Runes to bring meme coins to Bitcoin. Degen trading Bitcoin Runes meme coins When the halving occurred late Frid...

Michael Saylor ’s MicroStrategy company is announcing a new private offering of $600 Convertible Senior Notes. According to a press release by the company, MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes. JUST IN: Michael Saylor 's MicroStratgey to raise $600 million to purchase more #Bitcoin. — Watcher.Guru (@WatcherGuru) March 4, 2024 In a statement, MicroStrategy says the notes will be unsecured, senior obligations of MicroStrategy. They will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2024. MicroStrategy, led by Saylor, has been one of the biggest investors in Bitcoin over the past few years. Now, they are looking to buy even more with the help of their clients. In addition to the senior notes, MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within...

$1.3 trillion asset manager Morgan Stanley is reportedly looking into adding a Spot Bitcoin ETF to its brokerage platform. Indeed, the firm is considering the possibility of adding the investment vehicle to its broker-dealer offerings, according to a recent CoinDesk report. The sources say that the investment bank has been exploring the idea since the US Securities and Exchange Commission (SEC) first approved the products in January. Since then, the fund shave proven tremendously successful, with 9 of those approved ETFs breaking the all-time daily volume record, according to Bloomberg’s Erich Balchunas. JUST IN: $1.3 trillion asset manager Morgan Stanley is now considering offering spot #Bitcoin ETFs to customers. — Watcher.Guru (@WatcherGuru) February 28, 2024 Also Read: Analysts Predict Bitcoin ETFs to Gold ETFs In AUM in Less Than 2 Years  Morgan Stanley May Get In On Spot Bitcoin ETF Success Since the start of 2024, the digital asset industry has ...

A picture of Joe Biden with laser eyes posted to the president’s X (formerly Twitter) account on Sunday led excited Bitcoiners to speculate that the White House was officially going bullish on Bitcoin. However, it turns out the Commander in Chief was just poking fun at an outlandish right-wing conspiracy theory.  The post, captioned “Just like we drew it up,” was shared by the president shortly after the Kansas City Chiefs beat the San Francisco 49ers in Sunday’s showpiece Superbowl game. It appears to be a reference to the Biden campaign’s first TikTok video in which he’s asked if he’s “Deviously plotting to rig the season.” Biden responds, “I’d get in trouble if I told you.”  The idea that Biden could attempt to rig the game reportedly stems from a theory that Taylor Swift, who supports the Kansas City Chiefs and is dating one of their players, would encourage fans to vote for Biden if he did. However, some Bitcoin supporters misread the situation, believi...

Lawyers for a pro-BTC advocacy group are cross-examining the pro-BSV Craig Wright in London’s High Court. During his second day of testifying as a defendant, Wright attempted to bat away a barrage of legal questions, often claiming that he was set up to look like a liar. The conversation focused on edited computer files that Wright has presented over the years as evidence of his claim to be anonymous Bitcoin creator Satoshi Nakamoto. The Coinbase, MicroStrategy, and Jack Dorsey-backed Crypto Open Patent Alliance ( COPA ) filed a lawsuit against Wright on February 5 alleging that many of the documents that he has submitted are intentional forgeries. Regarding certain documents , even his own expert witness agrees. Nevertheless, as the world learned from Tuesday’s courtroom session, Wright still protests his innocence by claiming that other people — via Reddit, forums, email, unauthorized computer access, or otherwise — forged his computer files to frame him as a c...

A developer named Mini Doge announced that he launched the 1993 game Doom on the Dogecoin blockchain . The game was launched using Inscriptions. A developer named Mini Doge announced that he found the 1993 game Doom inscribed onto the Dogecoin blockchain . Ð is for Dogecoin! Ð is for Doginals! Ð is for DOOM on Dogecoin! Now inscribed on Dogecoin blockchain forever! Play it now on-chain: https://t.co/Xhfqyktva5 or click on the "content" link for full screen with mouse support and mobile support! This game redefined… https://t.co/ysChvCSyrb pic.twitter.com/GWxZKQUfEe — Mini Doge (@minidogeart) January 22, 2024 The game also has support for full-screen mode, which also works with a mouse. To do this, follow the link in the Content section. Mini Doge warned that the first boot would take about a minute. To port the project, the developer used “inscription” technology; these are tokens based on the DRC-20 standard. When the client is deployed, all data is pulled direc...

Explore the tumultuous journey of cryptocurrencies from 2022’s crashes to 2023’s cautious optimism amidst market volatility and regulatory shifts. Since their inception, crypto assets have been commanding headlines, with their volatile nature painting a breathtaking, yet sometimes terrifying, picture for investors worldwide.  However, beneath this market’s faсade of extreme ups and downs lies an intricate tapestry woven by factors far beyond just numbers on a screen. Are they simply victims of their inherent boom-and-bust cycles, or do they bear the brunt of regulatory overreach?  Crypto market cap in 2022-2023 | Source: CoinMarketCap Boom and bust cycles in crypto industry The cryptocurrency landscape of 2022 was a whirlwind. Tokens like Celsius (CEL) and Terra (LUNC) reached dizzying heights, riding the wave of investor optimism.  However, as these digital entities crumbled into obscurity, they symbolized the turbulent nature of the crypto market...