$43B Ghost Bitcoin Scandal: South Korea Investigates Bithumb
TL;DR: A human error credited 620,000 non-existent BTC to user accounts during a promotional event. The Financial Supervisory Service (FSS) is investigating legal violations and internal
bitcoin (Latest Publications)
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain
Saylor Draws a Line: Strategy to Maintain Quarterly BTC Purchases Even in Extreme Downturns
TL;DR Michael Saylor confirmed that Strategy will execute quarterly Bitcoin purchases on a permanent basis, without conditioning the policy on price. He stated that a 90%
Bitcoin Is Down Over 45% — But the Real Sellers May Surprise You
TL;DR Net ETF flows mask steady buying through financial advisor channels, despite hedge fund outflows. Gold crossing $5,000 per ounce creates unexpected comparative pressure on digital
Drake loses one million dollars in Bitcoin after Super Bowl bet
TL;DR Drake bet $1 million in Bitcoin on the Patriots, who lost the Super Bowl. The repeated losses have spawned the “Drake curse” meme across social
Market Cheers as Crypto-Friendly Takaichi Sweeps Japan Election
TL;DR Sanae Takaichi’s electoral victory in Japan triggers an immediate crypto market rally, dubbed the “Takaichi trade”. Her platform pledges to slash crypto taxes from 55%
Retail Capitulates as Bitcoin Inflows Surge, On-Chain Data Signals Bottom
TL;DR: The recent price drop of the pioneer cryptocurrency to $60,000 triggered a massive surge in Bitcoin exchange inflows. Analysts reveal that this phenomenon is characterized
Bukele maintains 91.9% approval while Bitcoin takes a back seat
TL;DR A survey reveals Nayib Bukele’s approval rating reaches 91.9%, solidifying his political standing. Only 2.2% of respondents identify Bitcoin as the government’s biggest failure, highlighting
Bithumb’s $43B Bitcoin Error Triggers Compensation Plan and Heightened Investigations
Bithumb announced a compensation plan after mistakenly crediting $43 billion in Bitcoin to hundreds of customers, triggering a sell-off that reduced the token’s listed price to
Could XRP Outshine Bitcoin? Forgotten 2013 Ripple Vision Returns
TL;DR The rediscovery of a 2013 article that praised Ripple has revived debate about whether XRP could outshine Bitcoin in utility and design. Pro-crypto analysts say
Michael Saylor Buys Another $90M in BTC With Market Trading Under His Cost Basis
TL;DR Strategy, Michael Saylor’s company, purchased 1,142 BTC for $90 million at an average price of $78,815, according to a filing submitted to the SEC. The
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