Analysis Today TheBitTimes.com

Bitcoin has been recovering since the Bank of England cut interest rates, which also impacted global money markets and digital coins. Also Read: Mt. Gox Bitcoin Creditors Continue to Hodl Distributed Assets bitcoin - btc -amp-crypto-market">Impact of Bank of England Rate Cuts on Bitcoin (BTC) & Crypto Market Source: Computerworld Bank of England ’s Key Move The Bank of England cut rates by 25 basis points, from 5.25% to 5.0%. Investors noticed this change, marking a significant shift in monetary policy. This move helps the economy and manages inflation, at least in theory. How Other Central Banks Might React This action by the Bank of England could sway other central banks worldwide. Many are watching the U.S. Federal Reserve closely. There’s talk about a possible rate cut by the Fed soon. Also Read: Goldman Sachs CEO Says Bitcoin Can Mirror Gold as a ‘Store of Value’ How the Crypto Market Responded Bitcoin’s price rose slightly after the news. It rose by 1000 point...

Countless people lost money in Do Kwon’s high-interest crypto scheme, and the time has finally come to start a formal loss claim. At its peak, the market capitalization for Luna peaked at around $40 billion, and the Anchor protocol had a peak Total Value Locked of approximately $17 billion. Many people simply saw Kwon’s advertised 19-20% interest rate, bought Kwon’s Terra stablecoin, and deposited it into his Anchor protocol in order to earn yield. Others speculated on Luna or Anchor governance tokens. It sounded too good to be true, and it was. All of Kwon’s tokens – Terra, Luna, and Anchor – have lost over 99.9% of their peak value. The SEC sued. A jury in New York agreed, deciding Kwon and his company, Terraform, are guilty of defrauding investors. Kwon and his company must pay billions of dollars to victims. Kwon is now a felon and international fugitive . If you held Terra (UST), Luna (LUNA), Anchor (ANC), or Mirror (MIR) in or prior to May 2022, you might be eligible for com...

Investment banking giant JPMorgan recently said that Bitcoin and the greater cryptocurrency market will see a massive rebound take place in August. Indeed, the bank also noted that ongoing liquidations taking place in the market are expected to last through the end of July. The bank had also lowered its year-to-date net flow estimation in an updated projection. Specifically, the firm forecasts $8 million in flows as opposed to previous $12 billion prediction. Over the last several weeks, the market has faced increased selling pressure. Especially from continued offloading by the German government. JUST IN: JPMorgan says crypto market will rebound in August. — Watcher.Guru (@WatcherGuru) July 11, 2024 Also Read: US Bitcoin Miners Hit Record $22.8B Market Cap, Says JPMorgan JPMorgan Expects Crypto Bounce Back in August Source: Watcher.Guru In a research report issued this week, JPMorgan forecasted both Bitcoin and the crypto market as a whole to bounce back in August. The bank...

This year’s presidential elections are turning out to be interesting. More so for the crypto currency industry. The U.S. has remained confused and stringent when it comes to the digital asset sector. But a number of politicians have openly embraced crypto currencies in a new turn of events. Former President Donald Trump was one of them, whose shift in favor of the market surprised a lot of people. Joe Biden also jumped in on the trend after Trump’s progress. While several believe that this was an attempt by both parties to get votes, a few others are hoping to hear Bitcoin talk in the upcoming presidential debate. Biden and Trump will take part in the first presidential debate of this year. CNN will serve as the host, and it takes place on Thursday, June 27 at 9 p.m. ET. These candidates will be participating in their first debate since 2020. Dana Bash and Jake Tapper of CNN are moderating. It was said by the network that the moderators “will use all tools at their d...

A threat actor is demanding 30 bitcoin s worth approximately $2 million for the data of millions of K-12 student s after Hack ers infiltrated cloud-based data firm Snowflake and attempted to extort Ticketmaster and nine other firms.   Cyber security reporters HackManac say the threat actor, known as ‘Sp1d3r,’ is selling data stolen from LASchools.net and Edgenuity.  In the ransom post, Sp1d3r said, “Warning to LASchools/Edgenuity: Pay in 7 days or we leaking student details.”  These details allegedly include names, addresses, demographics, financials, medical information, performance scoring, discipline details, and parent and student login details. Students affected reportedly range from kindergarten to the 12th grade . A screenshot taken of the bitcoin ransom post by HackManac. Bloomberg reported that ransoms between $300,000 and $5 million have been demanded from 10 companies that rely on Snowflake ’s infrastructure, including Ticketmaster, Advanced Auto Parts, an...

The cryptocurrency world always harbors new trends and narratives. The vertical is currently brimming with new energy, helping altcoins to birth new price thresholds.  While leading altcoins like Bitcoin and Ethereum are amping up to new levels, several notable tokens, such as Solana , Pepe, and Bonk, are also reclaiming their lost price spots.  The current bullish onset of the market is particularly flavorful for those who know how to maneuver the trends like a pro. However, certain crypto tokens are gearing up for the long haul and should be on every investor’s radar.  Here are the three robust crypto tokens to bank on for solid gains shortly.  Also Read: Chinese Yuan Will Never Outpace The US Dollar, Analyst Predicts Three Tokens To Place Your Bets On Right Now Image Source: WatcherGuru Cryptocurrency #1: Bitcoin  Bitcoin has noted a rather wild wave of price momentum in recent months. The token managed to breach the $70k price ceiling for a...

A simple “Buy Bitcoin” sign garnered popularity after it made an appearance behind Janet Yellen during a 2017 Congressional testimony. The sign is once again making noise after it fetched an impressive sum of over $1 million at auction. The sign was crafted on a yellow legal pad by then-22-year-old Christian Langalis. The intern handwrote this message and now it has certainly transcended its humble beginnings. Facilitated by Scarce.City, known for unique item auctions, the sale occurred at PubKey, a prominent Bitcoin-themed bar in New York City. It reached a record-breaking bid of 16 BTC. This further underscores a significant milestone for the entire cryptocurrency community. The auction’s buzz also reflects Bitcoin’s increasing prominence in mainstream culture. The entire feat started off as a spontaneous gesture by a young intern and now it showcases the resilience of the entire ecosystem. And that's a wrap on one of the most ICONIC pieces of Bitcoin ...

The impending Bitcoin Halving Event set around April 20th, has sparked immense excitement within the crypto currency community. This halving, touted as the most anticipated for the network, involves a programmed reduction in miners’ block rewards, slashing them from 6.25 BTC per block to 3.125 BTC. As historical data indicates, such halving events often catalyze significant shifts in the Bitcoin market dynamics, and the forthcoming instance is no different. A recent report from CoinGecko, a prominent crypto analytics firm, offers a nuanced perspective: while historical trends point to substantial price surges following halving events, there are indications of diminishing returns over time. Examining past occurrences reveals a striking pattern: Bitcoin has witnessed an average surge of 3,230% following three prior halving events. Such remarkable gains have fueled optimism among enthusiasts, who eagerly anticipate a similar surge this time. However, skeptics, including bears and...

Billionaire and American hedge fund manager Bill Ackman acknowledged that the US dollar could be on the path of a decline, and Bitcoin or the new BRICS currency could pin the last nail in its coffin. While Bitcoin touched a new high of $71,175, investors are flocking toward the cryptocurrency market for gains. The development is adding pressure on the US dollar as the majority of traders are now looking into BTC to make profits. Also Read: Will BRICS Change Its Name After Expansion? BREAKING: #Bitcoin reaches new all-time high of $70,440. — Watcher.Guru (@WatcherGuru) March 11, 2024 BRICS: Bill Ackman Thinks Bitcoin Could Grow Stronger Than US Dollar Source: Canva Ackman explained that while Bitcoin is using higher energy to mine, its price skyrocketing is attracting new investors. The billionaire added that he too considers buying Bitcoin as it highlights the changing dynamics of the financial world. He expressed caution about the US dollar’s prospects as bo...

Leading parachain-based altcoin PolkaDot is attracting bullish sentiments after Bitcoin climbed above the $62,000 mark on Wednesday. PolkaDot is rallying in the charts as an influx of new investments flows into the cryptocurrency market. The broader set of altcoins such as Cardano’s ADA, Ripple’s XRP, and VeChain’s VET also hit a new monthly high. The price surge has brought in fresh enthusiasm among investors after nearly a gap of two years. Also Read: Shiba Inu Can Reach 10 Cents ($0.10) If This Plays Out Source: CoinGecko Now that PolkaDot remains in the green and touched $8.6, will the cryptocurrency head further north or go south? In this article, we will highlight how high or low DOT could trade in the indices in the coming weeks. Also Read: Ripple (XRP) Could Surge 100% & Double in Price: Here’s Why PolkaDot: The next Price Target For DOT is $15. Source: Twitter PolkaDot is known for its volatility and swings big when the cryptocurrency marke...

MicroStrategy CEO and Chairman Michael Saylor has recently called Bitcoin “Superior” to other asset classes. Indeed, he noted his belief that cryptocurrency is “the strongest asset” in a recent interview. Moreover, he discussed the asset’s importance to the company and its strategy. Saylor has not been shy about his Bitcoin advocacy, especially when it comes to MicroStrategy investments. Indeed, the company has long embraced the acquisition of Bitcoin which continued its int most recent Q4 financial results. Specifically, there it announced it now holds a remarkable 190,000 BTC. Source: Coingape Also Read: Michael Saylor Says He Will Never Stop Buying Bitcoin Saylor Calls Bitcoin “Superior” Against Other Asset Classes There is no understating how important 2024 has been for Bitcoin as a mainstream asset. Indeed, the 11 Spot Bitcoin ETF approval made but the US Securities and Exchange Commission (SEC), to start the year was a landma...

The $9 trillion asset manager BlackRock, which owns the iShares Bitcoin Trust is attracting new and mainstream investors into Bitcoin ETF . The iShares Bitcoin Trust launched an advertising campaign on Tuesday showing the benefits of BTC ETF to mainstream and younger investors. BlackRock offered Bitcoin ETF services to institutional clients and is now looking at attracting a new batch of younger investors. Also Read: How Russia & Ukraine War Is Boosting US Economy BlackRock has classified Bitcoin ETF as an investment class and not a speculative asset in the ad campaign. It equates Bitcoin ETF to commodities, currency, stocks, and bonds standardizing it as an investment class. Bloomberg’s ETF Analyst Eric Balchunas took to X calling the BlackRock’s iShares Trust campaign simple yet effective. He referred to the BlackRock’s ad campaign as “hey fellow kids,” come look at and invest in Bitcoin ETF . Also Read: BRICS: SWIFT ‘Un...