Eleven police officers and a parliamentarian are among 14 people sentenced to life in prison in India for their 2018 kidnapping and extortion of 34 Bitcoin from a businessman. The kidnappers, led by the local superintendent of police and a member of India’s Legislative Assembly, attempted to extort the businessmanContinue Reading
Prediction market traders on Polymarket are betting that Bitcoin will fall below US$100K before the end of 2025, with a 62% probability priced into the market. The betting contrasts with predictions that forecast a rally to as high as US$200K and it follows a recent large whale transaction that sawContinue Reading
To refocus on infrastructure, Hut 8 will move most Bitcoin mining operations to American Bitcoin. New US sites in Louisiana, Texas and Illinois add 1.53 GW of capacity. Analyst Mark Palmer raised Hut 8’s target to US$36 (AU$55.3), citing strong growth. Hut 8 Corp has announced that it will transferContinue Reading
An OG Bitcoin whale transferred 750 BTC, valued at around US$83 million, to Binance on August 27 sparking speculation they’re looking to take profits. The whale first acquired their bag of 5,000 BTC in 2013 at an average price of US$332. They’re now believed to have sold 1,750 BTC forContinue Reading
The price of BTC has slumped to its lowest levels since early July driven by profit taking and economic and political uncertainty weakening investor appetite for risk. Fading expectations of a September rate cut plus Trump’s moves to fire Fed Governor Lisa Cook have contributed to weakened market sentiment, whileContinue Reading
According to analyst Willy Woo, early Bitcoin whales who acquired coins for under US$10 are now offloading their holdings, with each BTC sold requiring over US$110,000 in new capital to be absorbed by the market. A major whale recently liquidated 24,000 BTC (US$2.7 billion) to acquire 416,598 ETH and stakedContinue Reading
A collector in Arizona discovered a rare 1 BTC redemption card in a pack of Cardsmiths’ Currency trading cards, winning a prize worth nearly US$115,000. The cards offer crypto prizes including Bitcoin, Ethereum, Litecoin, and Dogecoin, with the 1 BTC card having odds of about 1 in 192, and theContinue Reading
Bitcoin has plummeted nearly 9% from its all-time high of US$124,457 reached on 14 August, now trading at approximately US$112,733. Major cryptocurrencies including Ethereum, XRP and Solana have all suffered significant losses of 7-8% over the past week. Institutional investors are hedging their bets with massive ETF liquidations, including US$925.7Continue Reading
Bitwise CIO Matt Hougan projects Bitcoin to be the top-performing asset over the next decade. He forecasted 28.3% annual growth between 2025 and 2035; highlighting a strong diversification potential. Institutional interest is rising as spot ETFs and platform approvals bring new demand into the market. In the latest Weekly CIOContinue Reading
The Federal Reserve’s latest minutes reveal a rare split decision, with Governors Christopher Waller and Michelle Bowman dissenting from the majority by advocating for a 25 basis-point rate cut. Despite the Fed’s cautious stance, Bitcoin and Ethereum shrugged off an initial dip, with Ethereum heavily outperforming BTC and regaining aContinue Reading