Short News
522 articles
Short NewsTexas Court Orders Bitcoin Investor to Surrender Crypto Keys in Tax Fraud Case
In a landmark ruling, a Texas federal court has ordered Bitcoin investor Richard Ahlgren III to surrender encryption keys unlocking $124 million in crypto. Ahlgren, convicted of tax evasion for failing to report $3.7 million in Bitcoin sales, must also disclose devices used to store crypto and is barred from transferring assets without court approval. …
Nidhi Kolhapur·8 Jan 20251 min
Short NewsCrypto Market Crash: $689M Liquidated as Bitcoin and Ethereum Plunge
The cryptocurrency market experienced significant volatility over the past 24 hours, with $689 million in liquidations, with 233,145 traders liquidated. However, The largest single liquidation order happened on Binance ETH/USDT value $17.74M. Bitcoin’s price dropped by 7%, contributing to $131 million in liquidations. Despite its dominant position, Bitcoin’s pullback was relatively modest compared to ETH, …
Mustafa Mulla·8 Jan 20251 min
Canaan Launches Bitcoin Miners That Heat Your Home Too!
Canaan Inc., a top blockchain hardware company, has introduced two groundbreaking Bitcoin mining devices, the Avalon Mini 3 and Nano 3S, at CES in Las Vegas. These devices are designed to make crypto mining more accessible to individuals while also serving as home heating systems. With this dual-purpose innovation, Canaan aims to revolutionize the way …
Mustafa Mulla·8 Jan 20251 min
Ethereum Foundation Sells Another 100 ETH Worth $336K
The Ethereum Foundation has sold 100 ETH worth $336,000, adding to a pattern observed over the past year. Data from Lookonchain reveals that the foundation has offloaded a total of 4,566 ETH, valued at $12.96 million, across 33 trades. Interestingly, 16 of these sales were made at market peaks, highlighting their strategic timing. This latest …
Mustafa Mulla·8 Jan 20251 min
Trump Promises To Cut Taxes, Slash Regulations, and Boost Incomes
At a press conference on Tuesday, President-elect Trump commented on the state of the US economy – “Inflation is continuing to rage, and interest rates are far too high.” With Trump set to officially return to office on January 20th, some in the crypto world are buzzing about the possibility of a massive market rally. …
Nidhi Kolhapur·8 Jan 20251 min
Matt Hougan Reacts To Czech Republic’s Bitcoin Reserve Plans
In an interview, Aleš Michl, the Governor of the Czech National Bank, revealed they are weighing how to diversify the country’s reserves with Bitcoin. However, he added that there are no active strategies in place to make this move yet. Despite the lack of concrete plans, the Governor noted that “Bitcoin is an interesting option …
Nidhi Kolhapur·8 Jan 20251 min
MicroStrategy’s Bitcoin Bet Pays Off Big: $14 Billion in 2024!
In a recent tweet post, Michael Saylor, the chairperson of MicroStrategy, shared the company’s impressive Bitcoin gains in 2024. MicroStrategy acquired 258,320 BTC for $22.07 billion at an average price of $85,450 per Bitcoin. Starting the year with 189,150 BTC, the company gained an additional 140,630 BTC — that’s 385 BTC daily! With Bitcoin potentially …
Mustafa Mulla·7 Jan 20251 min
Short NewsBitcoin’s Open Interest Surges to $2 Billion in Just 24 Hours: $110K Soon
Bitcoin’s recent price surge isn’t the only story—its open interest (OI) has skyrocketed by $2 billion in the last 24 hours. This dramatic increase shows a rise in trading activity and more investor interest in the leading cryptocurrency. Open interest reflects the number of active contracts in Bitcoin’s futures and options markets. A boost in …
Mustafa Mulla·7 Jan 20251 min
Short NewsBinance Futures Adds New High-Leverage Contracts for Traders: COOKIE, ALCH, and SWARMS
Binance Futures is launching three new contracts: COOKIEUSDT, ALCHUSDT, and SWARMSUSDT. These contracts allow traders to use up to 75x leverage, offering more options for those who prefer high-risk trades. COOKIEUSDT trading will start at 11:30 UTC, followed by ALCHUSDT 15 minutes later, and SWARMSUSDT at 12:15 UTC. These contracts are linked to Cookie DAO …
Mustafa Mulla·7 Jan 20251 min