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ZachXBT calls hardware wallets complete garbage; BTC Steady Near $65,000

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Crypto researcher ZachXBT criticized hardware wallets on Thursday, calling them unreliable for signing transactions or storing meaningful funds. In his opinion, all hardware wallet solutions available today fall short in terms of security and ease of use, making them unsuitable for high-stakes operations. He recommends using a dedicated iPhone solely as a signing device, unmounted […]

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Ethereum surpasses bitcoin as ETF money returns, almost all from BlackRock’s fund

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However, Bitcoin’s funds are still floating. US spot bitcoin ETFs lost $424 million on July 13, then regained $181 million the next day. Money leaving and returning within 48 hours is not a sign that an allocator is building a position. As such, the ether bid is narrower. Of the $53.8 million that came in

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A bitcoin wallet that has been dormant since its 2017 peak just moved $383 million

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A bitcoin address that hadn’t used a coin in eight years moved 5,908 BTC worth about $383 million on Thursday, data shows. The wallet embraced the coins as bitcoin traded at around $16,000, a level the market saw in December 2017 and early January 2018, within weeks of a cycle peak near $20,000. The stack

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Two groups of BTC investors are selling higher as prices approach $65,000.

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Some observers remain skeptical of the durability of this inflation-led recovery, arguing that the collapse in oil prices mainly drove the slower cost-of-living growth in June and that the recent recovery in oil makes this data outdated. “The 3.5 per cent [CPI] number was driven by a 10% drop in gasoline through June, and that

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Stripe, Advent Make Blockbuster $53 Billion Bid to Buy PayPal (PYPL)

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Payments giant Stripe offered to buy PayPal ( PYPL ) for $53 billion, the Financial Times reported on Wednesday. San Francisco-based Stripe made the offer of $60.50 per stock along with private equity firm Advent International, according to the report, which cited two people familiar with the matter. The bid represents a premium of about

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Strategy feels ‘very safe’ until bitcoin hits $8,000-$10,000, CEO says

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Strategy (MSTR), the largest public holder of bitcoin BTC$64 849.80won’t panic unless BTC sinks to the $8,000-$10,000 range, its CEO has said. Phong Le identified that interval as when the company “had to consider some of the risk associated with our debt,” in an interview with Bloomberg TV on Tuesday. Such a drop would represent

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Base creator Jesse Pollak pivots after admitting social strategy failed

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Coinbase’s Jesse Pollak said he is stepping down from leading the Base app after acknowledging that his venture into an onchain social economy failed to drive crypto adoption as he had expected. The Base creator said he had spent the past two years betting that builders and onchain-native social experiences, including Farcaster, Zora, mini-apps and

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Japan moves crypto under financial rules in regulatory review

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Japan reclassified cryptocurrencies as financial instruments, a structural change that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). The legislation, approved by Parliament on Wednesday, amends the Financial Instruments and Exchange Act and the Payment Services Act (PSA). It shifts crypto from a framework where it

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Open USD poses a new threat to Circle by challenging USDC’s core business model, CoinShares says

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USDC’s circulating supply has fallen to about $73 billion from nearly $80 billion in March, trimming its share of the roughly $312 billion stablecoin market as competition from newly regulated issuers intensifies. Circle shares fell more than 17% the day Open USD was announced, however CoinShares said the decline was likely compounded by technical selling

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