The US government transferred about $606,000 worth of bitcoin linked to the 2016 Bitfinex hack to Coinbase Prime. This move is part of a court order requiring the seized bitcoin to be returned to Bitfinex rather than sold. Bitfinex plans to use these returned coins to redeem Recovery Right Tokens for customers affected by the hack and to repurchase and burn at least 80% of its UNUS SED LEO tokens. The 2016 hack involved the theft of nearly 120,000 BTC, which was later partially recovered by authorities. This transfer signals a step toward restitution and token management rather than immediate selling.
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
