ETF Flows and Two Other Factors Will Dictate Potential Price Recovery of Bitcoin in Coming Weeks: Bitfinex

March 19, 2025 The Daily Hodl

Bitcoin

The crypto exchange Bitfinex says Bitcoin could mount recovery rallies in the coming weeks if three factors flip favorably for BTC. In a new report, Bitfinex says that Bitcoin has witnessed shallower corrections this bull cycle, retracing between 18% and 22% before resuming its uptrend. However, the crypto exchange notes that BTC has already pulled […]

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Saylor Projects Bitcoin’s Market Cap Will Hit 0 Trillion, Demonetizing Gold and Real Estate

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Peter Thiel-Backed Stablecoin Firm Plasma Rakes In $20,000,000 in Series A Fundraising

February 13, 2025 The Daily Hodl

Peter Thiel-Backed Stablecoin Firm Plasma Rakes In ,000,000 in Series A Fundraising

Bitcoin

A stablecoin firm backed by veteran investor Peter Thiel is raking in tens of millions of dollars worth of funds during a recent fundraising event. In a new thread on the social media platform X, Plasma – a company designing a Bitcoin (BTC)-based blockchain specifically tailored for stablecoins – says it has raised $24 million […]

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Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

$9,317,156,860 Worth of Seized Bitcoin To Be Returned to Bitfinex, Says US Government in New Court Order

January 15, 2025 The Daily Hodl

Bitcoin

The Bitcoin (BTC) that was stolen from crypto exchange Bitfinex in 2016 and subsequently seized by the US government in 2023 should be returned in-kind, according to a new court order. In a January 14th filing with the U.S. District for the District of Columbia, the government says that the BTC currently held in its […]

The post $9,317,156,860 Worth of Seized Bitcoin To Be Returned to Bitfinex, Says US Government in New Court Order appeared first on The Daily Hodl.

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

US government says funds from 2016 hack should return to Bitfinex

January 15, 2025 Coin Telegraph

bitfinex

Due to a prior reimbursement plan from Bitfinex, many victims of the 2016 hack do not legally qualify as victims eligible for reimbursement.

Attorneys for the US government recently submitted a motion requesting that the Bitcoin (BTC) forfeited as a result of the 2016 Bitfinex hack should be returned to the cryptocurrency exchange.

The Jan. 14 legal filing stipulated the return of approximately 94,643 BTC and unspecified amounts of Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV) and Bitcoin Gold (BTG) generated through hard forks back to the exchange on an in-kind basis.

Ilya Lichtenstein and his wife Heather Morgan, aka Razzlekhan, were both arrested in 2022 and later convicted for the 2016 hack of the Bitfinex exchange, which resulted in the theft of 119,754 BTC.

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Court Orders $9 Billion Bitcoin Restitution in Bitfinex Hack Case

January 15, 2025 Bitcoin.com

Court Orders Billion Bitcoin Restitution in Bitfinex Hack Case

bitcoin.com

A federal court has determined that 94,643 bitcoin, seized following the infamous 2016 Bitfinex hack, will be returned to the cryptocurrency exchange as part of voluntary restitution agreements tied to plea deals with the convicted perpetrators. Voluntary Restitution in Bitfinex Hack Includes $9 Billion in Bitcoin With a valuation exceeding $9 billion, this recovery represents […]

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Bitcoin breakout ‘likely no later’ than Jan FOMC meeting: 10x Research

January 15, 2025 Coin Telegraph

10x Research

Bitcoin’s price is primed for a breakout before the end-of-month FOMC meeting, but it could go either way, says a crypto analyst.

Bitcoin is shaping up for a price breakout by the end of January ahead of the United States Federal Open Market Committee meeting on Jan. 29, says 10x Research head of research Markus Thielen.

But that breakout may see Bitcoin’s (BTC) price go up or down from its current level of $96,794, he said.

“Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting,” Thielen said in a Jan. 14 markets report.

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Bitfinex Derivatives Moves to El Salvador After Receiving License

January 10, 2025 Bitcoin.com

bitcoin.com

Bitfinex, a cryptocurrency exchange, has recently moved its derivatives services division to El Salvador, transitioning customers to a new jurisdiction after receiving a Digital Asset Service Provider (DASP) license. Bitfinex Derivatives El Salvador S.A. de C.V., a Salvadoran local entity, will now provide these services. Customers must approve a new set of service terms to […]

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Bitcoin Could Hit $200K in 2025—Analysts See Macro Trends Aligning

December 20, 2024 Bitcoin.com

Bitcoin

Bitcoin’s path to $200,000 in 2025 is fueled by ETFs, institutional demand, and macroeconomic shifts, with analysts warning of volatility amid transformative growth. Bitcoin’s $200K Milestone: Analysts Highlight ETF Power and Adoption Bitfinex analysts have painted a bullish outlook for bitcoin in their latest Alpha report, citing strong institutional demand and the lasting effects of […]

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Bitfinex hacker speaks out after sentencing

December 19, 2024 Coin Telegraph

bitfinex

Ilya Lichtenstein urged his social media followers not to blame his wife — also implicated in money laundering — for the 2016 Bitfinex hack.

Ilya Lichtenstein, the hacker who stole and laundered Bitcoin from the crypto exchange Bitfinex, has released a statement on social media after being sentenced to five years in prison.

In a Dec. 19 X post, Lichtenstein reaffirmed many of the statements he made in court leading to his incarceration. He confessed to hacking Bitfinex in 2016 and laundering “thousands of Bitcoin” but suggested he wanted to shoulder the entirety of the blame rather than his wife, Heather Morgan, who was also sentenced to prison time for her role in laundering Bitcoin (BTC).

“I knew what I was doing was wrong and did it anyway because I didn’t care, I didn’t care about anyone else except myself,” said Lichtenstein in a video message from prison, often appearing as though he were reading a prepared statement.

Saylor Projects Bitcoin’s Market Cap Will Hit $500 Trillion, Demonetizing Gold and Real Estate

Bitcoin may ‘pump then rotate back’ if US strategic reserve gets approved

December 14, 2024 Coin Telegraph

Ben Simpson

A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.

A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term.

“I expect it to be pretty volatile, especially if the strategic Bitcoin reserve gets approved; I think Bitcoin will pump then rotate back,” Collective Shift founder Ben Simpson told Cointelegraph.

Cointelegraph recently reported that after Trump’s winning the presidential election on Nov. 5, Wyoming Senator Cynthia Lummis — a Trump supporter, Republican and crypto advocate — said she would move forward with legislation for the US government to buy 1 million Bitcoin (BTC) and hold it for at least 20 years.

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