Bitcoin

Former Chinese government official, Xiao Yi, has been sentenced to life in prison for operating a fraudulent $329 million Bitcoin mining enterprise.

A solo Bitcoin miner struck it rich by solving a block and securing the full 6.25 BTC reward, worth around $160,000.

Despite waning hype and media reports of fading interest, data shows Bitcoin Ordinals remain highly popular, accounting for over 75% of recent Bitcoin network activity and transaction volume through continued high levels of inscription and token minting.

Former President Trump contends poor US policies are eroding the dollar’s status as the global reserve currency and suggests Bitcoin could emerge as a replacement if the dollar’s decline continues.

Bitcoin at risk of increased volatility and declines to $20K according to technical analysis.

Bitcoin fell to its lowest price since mid-June, attributed to investors’ frustration over the SEC’s delayed approval of a spot ETF.

The SEC stalled progress on crypto regulation this week while the Federal Reserve hinted at a potential softening stance through new stablecoin guidance.

Despite Bitcoin’s price showing a surprising lack of volatility recently, trading around $29,500, analysts detect signs of building compression in BTC markets that could foreshadow a powerful breakout move in the coming weeks.

Shiba Inu has outshined Bitcoin as it transitions from a meme coin to a utility coin with the help of the much-anticipated Shibarium launch, which presents new opportunities for investors and has the potential to claim a significant portion of the cryptocurrency market, particularly in the metaverse and gaming sectors.

The cryptocurrency market is showing positive momentum as Pepe Coin experiences a 9% increase, and the highly anticipated launch of BTC20 approaches.