Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges... Read more »

Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka

A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24.  Lord Fusitu’a, a Tongan noble... Read more »

Bitcoin price bottom not in, data says as whale orders hit 2-year low

Bitcoin (BTC) is not about to bottom at just below $17,000, warns a new analysis as bid liquidity dries up. In social media posts after Christmas, on-chain analytics resource Material Indicators flagged... Read more »

MicroStrategy adds to Bitcoin stake despite steep loss

According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total... Read more »

Public Bitcoin miners sold almost everything they mined in 2022

Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created “a persistent headwind” for the Bitcoin price or... Read more »

‘If you have gold, you’re dumb as fuck… Just get Bitcoin.’

Arguments over whether gold or Bitcoin (BTC) is a better store of value continue to occur across the cryptocurrency space and in traditional investment circles. On the latest episode of Bill Maher’s... Read more »

Making the case that Bitcoin is not freedom: Pacific Bitcoin Panel

“Bitcoin (BTC) is Freedom” is one of Bitcoin’s many epithets. Like “Bitcoin is digital gold,” “Bitcoin is property,” or even Bitcoin is absolute digital scarcity, these phrases ricochet around the walls of... Read more »

Bitcoin accumulation addresses near record 800K despite whale selling

Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as the redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called... Read more »

Bitcoin price volatility due within days, new take says as BTC flatlines at $16.8K

Bitcoin (BTC) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge further... Read more »

Bitcoin exchange withdrawals sink to 7-month low as users forget FTX

Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows. According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six... Read more »