Bitcoin’s massive slide from its October high near $126,000 to about $67,000 has sparked debate over whether fears of quantum computing pose a real threat to the network’s cryptography or whether the downturn is better explained by shifting capital flows.
Arkham says UAE royal-linked bitcoin miners are holding 6,782 BTC worth $453.6 million, sitting on an estimated $344 million unrealized profit while largely keeping their stash untouched.
Brazilian lawmakers have reintroduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to acquire one million Bitcoin over five years.