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The Latest Breaking News from Bitcoin

Trump has made a fortune with his crypto empire as other lost out – he called it a ‘scam’ in 2021

IN FOCUS: Josh Marcus breaks down how the president and his family have cashed in on crypto while thousands of their investors were left feeling duped

The Independent UK

Elizabeth Warren Calls out Trump's Crypto Profit, Dogecoin Activity Surges and More: This Week in Crypto

The week was filled with exciting news from the world of cryptocurrencies. Here’s a quick recap of the top stories from the week that you might have missed.

Benzinga

3 reasons Bitcoin is stuck in a bear market—and why one analyst predicts a rebound to $100,000 by year-end

Rising inflation, Bitcoin’s four-year cycle, and excess leverage continue to draw the cryptocurrency’s price down.

Fortune

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Coinbase's Top Lawyer Is Leaving Right Before the Biggest Vote in Crypto History

Paul Grewal spent six years as Coinbase's chief legal officer, took the company public, and beat the SEC in a case that could have gutted the entire US crypto industry.

International Business Times

Bitcoin holds near $64,000 despite ETF outflows; crypto market remains resilient

Bitcoin held near $64,000 despite significant ETF outflows on July 9. Major altcoins experienced mixed performance, with some falling and others rising. The global crypto market capitalization saw a slight increase to two trillion dollars. Analysts noted Bitcoin needs to close above $64,000 to reach higher resistance levels. Market sentiment…

The Economic Times

Bitcoin, Ethereum, XRP Got Clobbered in Q2: Here's What Will Decide Their Fate in Q3

Bitwise Chief Investment Officer Matt Hougan on Thursday called the second quarter the toughest stretch crypto has faced since the 2022 bear market and warned that the market is pricing a 2022-level bottom.

Benzinga

Bitcoin holds above $63,000 despite ETF outflows; $1.4 billion options expiry in focus

Bitcoin is trading above the $63,000 mark on Friday. The cryptocurrency saw a 2.39% increase in the past twenty-four hours. Markets are now focused on Friday's $1.4 billion options expiry event. Global crypto market capitalization rose by 2.02% to $2.19 trillion. Experts advise caution until Bitcoin clears $67,000 with stronger…

The Economic Times

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Donald Trump's son bet big on Bitcoin, lost $600 million from family fortune

American Bitcoin, though, stuck with its crypto strategy and has seen its shares slump more than 95% from their peak. That’s erased more than $600 million from the market value of Eric Trump’s stake over the past 10 months, according to Bloomberg calculations, and forced the company this week into…

The Economic Times

Bitcoin Still Faces No Spam Issues, Argues Michael Saylor, Highlighting Low Transaction Fees — Critics Say 'Nobody is Using the Chain'

Strategy Inc. (NASDAQ:MSTR) founder Michael Saylor touted on Wednesday Bitcoin’s (CRYPTO: BTC) ability to enable fast and affordable global transfers despite long-standing concerns around blockspace.

Benzinga

Bitcoin falls close to $62,000 as geopolitical risks weigh, $143 million ETF inflows offer support

Bitcoin and Ethereum prices saw a decline on Thursday amid geopolitical tensions. Renewed geopolitical risks pushed investors toward a risk-off stance globally. However, spot Bitcoin ETFs recorded significant net inflows, offering price support. The global crypto market capitalization edged down, reflecting broader market sentiment. Analysts suggest Bitcoin's $60,000 level remains…

The Economic Times

Bitcoin, Ethereum, XRP, Dogecoin Slide as Trump Warns Iran Strikes Could Get 'Much Worse': Analyst Flags Major 'Wall' BTC Bulls Must Break

Leading cryptocurrencies fell alongside stocks on Wednesday as the U.S. strikes against Iran threaten peace negotiations.

Benzinga

XRP Just Crushed Bitcoin and Ethereum in Korea, Here's Why

XRP just reclaimed the throne on Upbit, South Korea's largest crypto exchange, posting $52.33 million in 24-hour trading volume and blowing past Bitcoin at $42.14 million and Ethereum at $24.30 million on the same venue.

International Business Times

Crypto Firms Are Preparing For The Quantum Era. Tomorrow's Computers Could Break Today's Encryption.

Bitcoin's long transaction history has left a large number of public keys visible, making it a central focus in the industry's security debate.

International Business Times

Strategy Just Broke Its Biggest Bitcoin Rule. What It Means for MSTR Stock.

Strategy sold $216 million of Bitcoin for the first time under a new treasury strategy, sending MSTR shares lower despite continued Wall Street optimism.

Barchart

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The Economic Times

Global cryptocurrency market worth $2 trillion set to collapse? What is spelling trouble for crypto firms?

Crypto industry concerns have grown since March research from Alphabet's Google, one of several tech giants pioneering the technology, suggested quantum computers may be able to break that cryptography sooner than previously expected

The Economic Times

Women investors account for over 13% of crypto futures traders; XRP and Bitcoin top their portfolios

Crypto futures trading in India saw significant growth from smaller cities. Women traders showed lower leverage and preferred specific digital assets. Bitcoin and Ethereum comprised a smaller portion of futures volume. Tamil Nadu led regional participation in crypto futures trading. Traders demonstrated tactical approaches and risk awareness in leveraged products.

The Economic Times

Crypto firms prepare defenses as quantum threat to encryption draws nearer

The cryptocurrency industry is preparing for quantum computing threats. New research suggests quantum computers could crack encryption sooner than expected. This technology poses an existential risk to digital assets and networks. Companies are planning upgrades to quantum-resistant cryptography systems. These efforts could take years to fully implement across blockchains.

The Texas Tribune

Crypto kiosks were used to scam $56 million from Texans last year. Lawmakers are calling for regulation.

Fraudsters are increasingly using the ATM-like machines for fast access to money that’s difficult to trace.

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news in one place.

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The Economic Times

Bitcoin slips below $63K after a brief rally as investors stay cautious, avoid aggressive bets on altcoins

Bitcoin slipped below $63,000 after a brief rally above $64,000 as investors remained cautious and avoided aggressive bets on altcoins. Analysts said the cryptocurrency is consolidating near key resistance levels, while softer ETF demand, geopolitical uncertainty and mixed technical signals continue to weigh on broader market sentiment.

Benzinga

Bitcoin Flat, Ethereum, XRP, Dogecoin Dip as US Strikes Iran: Analyst Spots Dollar-Cost Averaging 'Opportunity' in BTC

Leading cryptocurrencies and stocks fell on Tuesday after U.S. strikes on Iran and the revocation of the oil sanctions waiver rattled investors.

International Business Times

Tether Is Investing $20 Million In Brazil's Mercado Bitcoin As Latin America Becomes A Bigger Bet For Tokenized Finance.

Mercado Bitcoin plans to use the funding to grow its payments, lending, tokenized investment products and international operations.

Benzinga

Bitcoin Bottom 'Likely Already In,' $120,000 Is the Year-End Target, Strive CEO Says

Strive Asset Management CEO Matt Cole said at BTC Prague that Bitcoin (CRYPTO: BTC) is likely bottoming around the 200-week moving average and projects a base case of $80,000 to $120,000 by year-end.

Benzinga

Bitcoin Rebounds Above $63,000: The $487M ETF Reversal May Be Driving the Rally

U.S. spot Bitcoin (CRYPTO: BTC) ETFs logged back-to-back daily inflows for the first time since May 5-6, pulling in $487 million across two sessions after roughly eight weeks of bleeding $8.26 billion in outflows.

International Business Times UK

Trump Hints 'Something Could Happen' With Bitcoin in New 'Trump Accounts' After Praise From Crypto Bull Mike Novogratz

Donald Trump's new 'Trump Accounts' savings scheme has drawn support from crypto billionaire Mike Novogratz and other corporate heavyweights, with talk of Bitcoin possibly joining the mix.

International Business Times UK

Peter Schiff Explains Why Michael Saylor Sold 3,588 BTC Instead of More Stock to Fund Dividend Payments

Bitcoin prices were muted despite a surge in trading volume after Strategy sold BTC to pay dividends, sparking market concerns around the sustainability of its preferred dividends.

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