Bitcoin News

Bitcoin News

Tech

Quantum Alliance forms amid warnings 6.4 million bitcoin face future quantum threat

Nine crypto companies launched the Quantum Alliance to jointly prepare for quantum attacks, but they disagree on when the threat will arrive and whether vulnerable BTC should be frozen.

Quantum Computing. (Planet Volumes/Unsplash)

Markets

XRP has failed to make holders rich like bitcoin and ether. Here’s why

XRP remains below its 2017-cycle high while bitcoin, ether and other major tokens have surged, enriching their holders.

XRP is trading well below its January 2018 peak. (TradingView/CoinDesk)

Markets

Bitcoin wilts as Fed rate uncertainty weighs. Kospi plunges 8%

Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.

Bitcoin's price chart. (CoinDesk)

Tech

Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now

Coinbase says bitcoin should start preparing for quantum computers now, with flexible addresses, a backup quantum-proof key and a separate debate over lost coins.

Coinbase logo shown on a laptop screen.  (Shutterstock)

Markets

Strive raising $500 million to buy additional bitcoin with new preferred share class

SATS will offer a fixed 15% dividend yield at par and be junior to the company's existing SATA, which pays a variable rate (currently 13%).

Strive CEO Matt Cole speaks at BTC Asia in Hong Kong (screenshot)

Markets

Bitcoin diverges from South Korean stocks as AI concerns deepen the Kospi selloff

South Korea’s chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows.

KOSPI vs BTC (TradingView)

Policy

UK court ruling boosts government’s chances of keeping $5 billion in seized bitcoin

The decision concerns 61,000 BTC seized by the Metropolitan Police in its investigation into Zhimin Qian, who pleaded guilty to defrauding thousands of people in China.

London High Court (Shutterstock)

Markets

Bitcoin whale that sat through the March 2020 crash moves $378 million

A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain.

ETH whale go bargain hunting. (Pexels/Pixabay)

Markets

Bitcoin rebounds above $83,000, decoupling from tumbling Korean stocks

Bitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s US CPI report.

Bitcoin's price recovery. (CoinDesk)

Markets

Bitcoin pulls back from $84,000 as oil recovers, ETFs bleed over $600 million

Bitcoin reversed early gains as oil bounced back to over $92. Analysts express concerns over large outflows from spot ETFs last week.

Bitcoin's price rise. (CoinDesk)