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Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
Bitcoin Network Congestion Causes Binance to Pause Withdrawals
The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the Bitcoin protocol.
The Crypto Miner Reckoning: No Fate but What We Make
As Bitcoin ages into its teens, it’s time to move beyond tribalism so we can work collectively with legislators and innovate business models of the future, writes Samir Tabar of Bit Digital.
Large Bitcoin Investor Sent $330M in BTC to Bitfinex Exchange Before Price Dropped Below $30K: Blockchain Data
The bitcoin "whale" was the 14th largest bitcoin holder until mid-March, controlling $1.2 billion in BTC, according to BitInfoCharts.
Peer-to-Peer Bitcoin Exchange Paxful Is Suspending its Marketplace
Paxful – a peer-to-peer (P2P) platform for trading bitcoin (BTC) – is suspending its marketplace and is unsure whether operations will resume, according to a message from CEO Ray Youssef published on its website. "The Hash" team discusses the latest developments as Youssef says the Paxful Wallet will remain in operation for customers to retrieve their funds.
Bitcoin Is Still in Its ‘Safe Haven Period’: Analyst
Bitcoin is over $28,000 on Thursday, up more than 20% in the last month. Mark Connors, 3IQ head of research, attributes part of that rise to uncertainty in the banking sector and the arrests of Do Kwon and Sam Bankman-Fried.
Bitcoin Below $28K Amid Inflation Concerns
A new research report from Morgan Stanley says expectations of increased U.S. dollar liquidity to support the banking sector following a string of forced closures have helped BTC rally. MarketVector Indexes Digital Asset Product Strategist Martin Leinweber discusses bitcoin's recent price action amid lingering concerns about the banking failures and inflation.