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Tag: Bitcoin

Bitcoin Slips Below ,000 as Market Weakness Persists

Bitcoin Slips Below $66,000 as Market Weakness Persists

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Bitcoin fell below $66,000 on February 13, extending losses from recent highs amid tech sector weakness and AI-related concerns. Analysts from Standard Chartered and JPMorgan have revised forecasts, warning of possible further downside but maintaining optimism for 2026 recovery. Crypto sentiment remains low, with ties to broader risk-off moves in stocks and precious metals. Bitcoin’s price continued its downward...

Bitcoin, Cryptocurrencies, Front page, News

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Binance Finalizes Billion SAFU Fund Conversion to Bitcoin

Binance Finalizes $1 Billion SAFU Fund Conversion to Bitcoin

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Binance completes final tranche of 4,545 BTC, wrapping up $1B SAFU conversion. SAFU fund now holds 15,000 BTC valued at approximately $1.005 billion. Exchange commits to rebalancing if value falls below $800 million. Binance, the world’s leading cryptocurrency exchange, has successfully finalized the conversion of its $1 billion Secure Asset Fund for Users (SAFU) reserves into Bitcoin. The process concluded with the...

Bitcoin, Cryptocurrencies, Front page, News

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South Korea Intensifies Probe into Bithumb After Billion Bitcoin Fat-Finger Fiasco

South Korea Intensifies Probe into Bithumb After $43 Billion Bitcoin Fat-Finger Fiasco

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South Korea’s Financial Supervisory Service has escalated its inspection of Bithumb into a comprehensive probe following a $43 billion Bitcoin distribution error on February 6. The incident exposed critical flaws in the exchange’s internal controls, allowing the disbursement of 620,000 BTC despite holding only around 46,000 BTC. Bithumb recovered 99.7% of the misdistributed assets and plans to compensate affected users at 110%...

Bitcoin, Cryptocurrencies, Front page, News

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Crypto Weekly Snapshot – The Crypto Rebound

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The crypto market this week was marked by sharp volatility, with a major sell-off erasing significant value before a partial recovery. Bitcoin dominance held at 57%, while Ethereum stayed at 10.1%, and ecosystems like Polkadot and XRP showed relative strength. The week’s dominant story was the crypto market crash, fueled by ETF outflows, macroeconomic pressures, and a broader risk-off sentiment. Bitcoin plummeted below $70,000,...

Bitcoin, Crypto market, Cryptocurrencies, ETF, Ethereum, Solana

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Bitcoin Mining Difficulty Drops 11% in Largest Negative Adjustment Since China's 2021 Ban

Bitcoin Mining Difficulty Drops 11% in Largest Negative Adjustment Since China’s 2021 Ban

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Bitcoin’s mining difficulty fell 11.16% to 125.86 trillion at block height 935,424. This represents the biggest single negative adjustment since July 2021 following China’s mining crackdown. The drop follows a roughly 20% decline in network hashrate over the past month, attributed to falling Bitcoin prices and winter storm-related shutdowns. Bitcoin’s network has undergone its most significant mining...

Bitcoin, Crypto Mining, Cryptocurrencies, Front page, News

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