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Bearish Signs? Highest Levels in 2 Years of BTC Held on Crypto OTC Desks Could Mean Trouble for Bitcoin

Crypto over-the-counter (OTC) desks, which facilitate high-volume transactions among buyers and sellers, currently hold 368,000 bitcoin (BTC), valued at a staggering $22 billion in current market prices. This marks the…

Continue ReadingBearish Signs? Highest Levels in 2 Years of BTC Held on Crypto OTC Desks Could Mean Trouble for Bitcoin

Here’s How Much El Salvador’s Cold Wallet Amassed Since Mid-March by Bitcoin Daily

Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvador’s…

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Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions

Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance…

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Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT.…

Continue ReadingBabylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting