Most Investors Should Have Some Bitcoin Allocation – Fidelity Exec
Matt Horne, head of digital asset strategies at Fidelity Investments, says most investors should have allocation in Bitcoin regardless of their market thesis. Horne alluded to the issue of analysis paralysis that besets several conventional investors and asset managers regarding Bitcoin and the digital asset market in a report published on June 4 for CNBC. […]
London Police Concludes £1.7M Bitcoin Laundering Case
The Metropolitan Police’s economic crime unit concluded a five-year investigation, sentencing Jian Wen to over six years for £1.7M Bitcoin laundering. In addition to creating new opportunities for financial innovation, the cryptocurrency universe has also spawned a new frontier for economic criminality. The specialized economic crime unit of the Metropolitan Police has recently reached a […]
OKX Invests in Bitcoin Layer 2 Solution, Bitlayer
OKX Ventures invests in Bitlayer, a Bitcoin Layer 2 solution utilizing Taproot and BitVM technologies to enhance transaction scalability and security. OKX Ventures, the venture division of Bitlayer and the leading cryptocurrency exchange OKX, has announced a strategic investment. It is the first BitVM-based Bitcoin security-equivalent Layer 2. Bitlayer’s objective was to enhance the Bitcoin […]
Bitcoin Maintains $61K Despite Bleak US PPI Data
Bitcoin remains above $61,000 post-release of US PPI data, surpassing market expectations amid concerns over Federal Reserve policy rates. Following the publication of the most recent U.S. Producer Price Index (PPI) data, Bitcoin surmounted the $61,000 threshold in trading. Significantly, the cryptocurrency market was anxiously awaiting the critical inflation data, given the escalating concerns surrounding […]
Long-Term Bitcoin Holders Hold Firm Despite $73K Peak
Bitcoin’s downtrend persists for two months, with long-term holders refraining from selling despite weakening bullish momentum since the all-time high. The price of Bitcoin has been in a downtrend for the past two months, and supporters have weakened in their ability to sustain upside momentum. On-chain Bitcoin data indicates that long-term holders (LTH) are not […]