Auto Added by WPeMatico

Hiro Systems Applauds SEC Decision to Close Stacks Investigation

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation…

Continue ReadingHiro Systems Applauds SEC Decision to Close Stacks Investigation

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in…

Continue ReadingSEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

Trump to Address Bitcoin 2024 Conference in Nashville

According to a report from Bitcoin Magazine, Donald Trump, the 45th president of the United States and a 2024 presidential candidate, will be speaking at Bitcoin 2024 in Nashville. This…

Continue ReadingTrump to Address Bitcoin 2024 Conference in Nashville

Dormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market

On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013,…

Continue ReadingDormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market

German Government Liquidates $741M in Bitcoin Holdings

Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s…

Continue ReadingGerman Government Liquidates $741M in Bitcoin Holdings

Longest Yield Curve Inversion in US History Continues Past 2-Year Mark

The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous…

Continue ReadingLongest Yield Curve Inversion in US History Continues Past 2-Year Mark

Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals

According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28,…

Continue ReadingFederal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals

9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop

While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days later before rebounding back to $56,642 by 12:50 p.m. EDT on July 5. Notably,…

Continue Reading9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop

Grayscale Ethereum Trust Hits Premium for First Time Since 2021

Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics.…

Continue ReadingGrayscale Ethereum Trust Hits Premium for First Time Since 2021

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6…

Continue ReadingBitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low