In its latest weekly report, Glassnode warns that despite strong network fundamentals, Bitcoin remains at risk of a macro-induced plunge.
Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an electronic signature and is supported by a proof-of-work protocol to provide the security and legitimacy of money transactions. The issuing of Bitcoin is done by users with mining capabilities and is limited to 21 million coins. Currently, Bitcoin’s market cap surpasses $138 billion and this is the most popular kind of digital currency. Buying and selling cryptocurrency is available through special Bitcoin exchange platforms or ATMs.
The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020.3580
Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France.5347
Hackers transferred roughly $12M from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin was stolen in August 2016.7905
The Ethereum Foundation is looking to hire a dedicated security team to dissect all aspects of Ethereum 2.0.6759
The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip.10806
2gether’s servers were attacked by unknown actors who managed to steal over $1.39 million from crypto-investment accounts.6280
A retest of $11,500 gives the impression that the bulls are not done when it comes to Bitcoin, which convincingly bounced off $11,000.9330
Ari Paul, CIO at BlockTower Capital crypto hedge fund, believes Bitcoin’s next parabolic move will soon be triggered by hyperinflation caused by central banks’ monetary policies.15731
The price of Bitcoin dropped 13% in 15 minutes on Sunday, and traders are seeing various scenarios playing out for BTC.7322
Bitcoin overtakes Intel and Coca-Cola at a market capitalization of $205 billion.6499
Volatility metrics suggest Bitcoin price may revisit $10,000 before restarting the rally to a new 2020 high.9052
Looming Bitcoin futures gaps and mainstream interest are providing the perfect environment for another week of volatility.9633
A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise.16279
Cybergang Evil Corp hackers reportedly demanded $10M to restore full access to Garmin’s customer support services and navigation solutions.19730