Category: Latest news

[ad_1] Quick Take Historical data indicates a growing trend among Bitcoin investors towards long-term holding. Since Bitcoin’s inception on Jan. 3, 2009, coins have continuously circulated through mining, purchasing, and selling processes, with some being lost. However, an analysis of the supply last active reveals a significant percentage of Bitcoin has not moved on-chain for…

[ad_1] Meanwhile Group has introduced a novel Bitcoin investment vehicle called the Meanwhile BTC Private Credit Fund LP through its subsidiary, Meanwhile Advisors, according to a Dec. 7 press release. The startup is backed by notable investors, including Sam Altman and Gradient Ventures, and raised $20 million in its recent seed funding round. Meanwhile is…

[ad_1] Talks between the U.S. SEC and several asset management firms concerning the approval of spot Bitcoin exchange-traded funds (ETFs) have now delved into advanced technical details, Reuters reported Dec. 7, citing sources familiar with the matter. The sources, who asked not to be named but who have knowledge of the proceedings, told the news…

[ad_1] Do Kwon, the co-founder and former CEO of Terraform Labs, will reportedly be extradited to the U.S. to face criminal charges, The Wall Street Journal reported on Dec. 7, citing people familiar with the matter. Last month, CryptoSlate reported that Kwon faced potential extradition to the U.S. or South Korea following the Montenegro High…

[ad_1] Bitcoin (BTC) miner Phoenix Group secured a $380 million hardware deal from Whatsminer less than two days after its stock debuted on the Abu Dhabi Securities Exchange (ADX). In a Dec. 7 statement, the miner stated it would take immediate delivery of $136 million worth of mining equipment, with an additional option worth $246…

[ad_1] Bitcoin’s ‘supply last active over a year ago’ is a barometer for long-term holding trends and market liquidity. This metric reflects the quantity of Bitcoin that has remained dormant, without transactions or movements, for over a year. Its significance lies in revealing the propensity of investors to hold their assets for extended periods, a…

[ad_1] The UK Financial Conduct Authority (FCA) has added another Justin Sun-linked crypto exchange, Poloniex, to its warning list of companies offering financial services without permission within its jurisdiction. A Dec. 6 update from the financial regulator stated: “[Poloniex] may be promoting financial services or products without our permission. You should avoid dealing with this firm.”…

[ad_1] Quick Take Analysis of recent data from Datamish offers an enlightening peek into the ongoing behavior of Bitfinex whales, particularly their continual move toward closing their longs. Previously observed by CryptoSlate last week, it was noted that these industry heavyweights closed Bitcoin longs of approximately 12,000 BTC. At November’s end, the total stood at…

[ad_1] Samourai Wallet, a Bitcoin mobile app wallet, accused Ocean Mining, a decentralized BTC mining pool, of censoring “privacy enhancing transactions” on the blockchain network in an extensive Dec. 7 thread on social media platform X (formerly Twitter). However, Ocean Mining’s top executive retorted that a bug in Samurai’s system caused the problem. The issue…

[ad_1] Quick Take Bitcoin’s financial trajectory is demonstrating positive momentum, as substantiated by key moving averages like the Pi Cycle Indicator (111D-SMA), the Mayer Multiple (200D-SMA), and the Yearly Moving Average (365D-SMA), all of which are showing a bullish trend. In late 2022, these averages fell beneath the 200 Week Moving Average (200W-SMA), but recent…