Bitcoin
WikiLeaks founder Julian Assange released from prison, how much crypto does he own?
Published
6 days agoon
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The WikiLeaks founder is set to travel back home to Australia after pleading guilty to one count of conspiring and disclosing classified information.
Julian Assange, the founder of WikiLeaks, is set to return to Australia and plead guilty to a single charge of conspiring and disclosing classified information. The plea deal, which has yet to receive judicial approval, marks a significant development in the protracted legal battle between the Australian activist and the U.S. government.
As per Reuters, which cites filings in the U.S. District Court for the Northern Mariana Islands, Assange faces a sentence of 62 months, though it’s unlikely he will serve additional time, given that he has already spent an equivalent period at Belmarsh Prison in the U.K. WikiLeaks confirmed via an X post on Jun. 25 that Assange “left Belmarsh maximum security prison” after spending over 1,900 days there.
JULIAN ASSANGE IS FREE
Julian Assange is free. He left Belmarsh maximum security prison on the morning of 24 June, after having spent 1901 days there. He was granted bail by the High Court in London and was released at Stansted airport during the afternoon, where he boarded a…
— WikiLeaks (@wikileaks) June 24, 2024
Founded in 2010, WikiLeaks hit the headlines for leaking hundreds of thousands of classified U.S. military documents related to the wars in Afghanistan and Iraq. In 2017, the organization published documents exposing how Russia uses state surveillance to spy on the Internet and cellphone users.
The plea deal follows the February conviction of former CIA software engineer Joshua Adam Schulte, who was sentenced to 480 months for espionage, computer hacking, contempt of court, making false statements to the FBI, and child pornography. Schulte’s crimes included leaking the largest cache of classified data to WikiLeaks.
“The swarm is headed towards us”
The WikiLeaks’ journey intersects with the world of cryptocurrency, particularly Bitcoin. At one point, Assange sought to raise funds in BTC after VISA, MasterCard, PayPal, Amazon, and other financial companies started denying payments to WikiLeaks.
In a 2014 Reddit Ask Me Anything (AMA) session, Assange recalled Bitcoin creator Satoshi Nakamoto‘s opposition to WikiLeaks using the nascent crypto in 2010. At the time, Nakamoto expressed concern that association with WikiLeaks could overwhelm Bitcoin in its infancy.
“I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.”
Satoshi Nakamoto
A few days later, before mysteriously vanishing, Nakamoto emphasized his stance on the potential fallout from the WikiLeaks-cryptocurrency association, stating, “WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.” Despite this, Assange still invested in Bitcoin, reportedly making a 50,000% return. The current extent of his Bitcoin holdings remains unclear.
One way or the other, The crypto community found a way to connect cryptocurrency to Assange’s story. Following a 2021 U.K. High Court ruling allowing Assange’s extradition, his supporters formed a decentralized autonomous organization (DAO) called AssangeDAO to advocate for his release. The campaign raised over 17,400 ETH, with contributions from notable crypto figures like Ethereum co-founder Vitalik Buterin.
However, later on, AssangeDAO later faced scrutiny over transparency issues, as blockchain analytics firm SlowMist identified suspicious transaction patterns suggestive of a “soft rug pull.”
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Bitcoin ATM installations reach 38k, below the all-time high
Bitcoin
Bitcoin ATM installations reach 38k, below the all-time high
Published
6 hours agoon
July 1, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-Bitcoin-BTC-ATM03.webp.webp)
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The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down by 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022.
According to data available on Coin ATM Radar, the global tally of installed Bitcoin ATMs stands at 38,279 as of the latest count.
This expansion is driven by factors such as accessibility and ease of use, profitability for operators who earn transaction fees above the Bitcoin spot price, and favorable regulatory environments in many countries that support setup and expansion.
Additionally, Bitcoin ATMs provide enhanced privacy and security, allowing users to transact without divulging personal information and enabling direct deposits into digital wallets.
Despite their advantages, the industry faces challenges. Many operators lack the necessary experience, financial backing, or business acumen required for success, compounded by regulatory uncertainties in certain regions.
To address these issues, industry leaders emphasize the importance of public education on the benefits of cryptocurrencies and the need for reliable customer support. Building greater understanding and trust among users could encourage broader adoption of Bitcoin ATMs and digital assets.
As demand grows for convenient and secure cryptocurrency transactions, the Bitcoin ATM market is poised for further expansion. Strategic approaches and supportive regulatory frameworks could propel this industry into a pivotal role in the global adoption of digital assets.
Bitcoin holds steady at $60k
Bitcoin’s (BTC) price trajectory in 2024 has been marked by significant volatility and a bullish momentum. March saw Bitcoin achieving a new all-time high, surpassing $69,000 and briefly touching $73,000 before undergoing a correction.
This surge was driven by pivotal events this year: regulators approved the first spot Bitcoin ETFs in January, and April’s halving event reduced the block reward from 6.25 BTC to 3.125 BTC.
Experts anticipate a new growth cycle in the crypto market, potentially peaking between 2024 and 2025, in line with the four-year market cycle theory.
However, external factors such as global developments and regulatory changes could also influence Bitcoin’s price trajectory. Despite ongoing scrutiny of Bitcoin’s long-term prospects, its historical resilience suggests the possibility of a rebound.
Analysts maintain optimism regarding Bitcoin’s future price movements, with some forecasting it could surpass $80,000 in the coming years.
Over the past 60 days, the Bitcoin price has risen by 7.3%, climbing from approximately $57,000 to its current level of $61,532.
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Bitcoin
Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
Published
16 hours agoon
June 30, 2024By
adminJune was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed.
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However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong.
New BTC Addresses Surge To 2-Month High
Despite the price slump, the network is exhibiting a promising trend that signals future growth for the world’s largest cryptocurrency. According to Glassnode chart data initially shared on social media platform X by crypto analyst Ali Martinez, new BTC wallet addresses have risen steadily over the past week to reach 352,124, their highest level since April.
Interestingly, the chart shows that the recent uptick in new addresses contrasts with a larger decrease in the creation of new addresses since November 2023. This new increase points to an influx of new users entering the crypto space. As more people adopt Bitcoin, demand will inevitably grow, which is a catalyst for price surges down the line.
Furthermore, Martinez suggested that the uptick in new addresses is from retail investors making a comeback. While institutional investors often drive major market moves, retail interest is crucial for Bitcoin’s mainstream adoption.
Retail #Bitcoin investors are making a comeback! The number of new $BTC addresses on the network surged to 352,124, marking the highest level since April. pic.twitter.com/GFOHnsokz0
— Ali (@ali_charts) June 29, 2024
A major part of the increase in new addresses can be attributed to recent adoption in the Brazilian market. Nubank, Brazil’s biggest neobank, recently announced plans to integrate Bitcoin’s lightning network into its services. As the largest fintech bank in Latin America, this integration could potentially expose a significant portion of its 100 million customers to the digital asset.
What’s Next For Bitcoin?
At the time of writing, Bitcoin was trading at $61,446. The leading digital asset has lost over 10% of its market cap in a 30-day time frame and the bulls are struggling to break above $61,000. This downtrend could be attributed to a selloff by miners and many long-term holders. Specifically, around 40,000 BTC were sold by long-term holders in June.
Bear markets are temporary. Bull runs will return. It’s just a matter of when, not if. With the second half of the year now approaching, time can only tell how the price of Bitcoin unfolds. Of course, new wallet addresses don’t directly impact price, but they are a leading indicator of growing Bitcoin adoption.
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This adoption and demand, coupled with a recent decrease in the number of new Bitcoins entering the market, points to an increase in the price of Bitcoin in July.
Featured image from CNBC, chart from TradingView
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bear market
Bitcoin ‘tends to bounce back’ in July after negative June
Published
21 hours agoon
June 30, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/crypto-news-bear-with-bitcoin-option01.webp.webp)
Crypto market analyst Ali Martinez expects a price rebound for the Bitcoin (BTC) price in July after a month of bearish momentum.
According to Martinez’s X post on Sunday, the Bitcoin price recorded an average price rebound of 7.98% in July after a “negative June.” Data shows that the BTC price plunged by 9.25% over the past 30 days.
Historically, when #Bitcoin has had a negative June, it tends to bounce back strongly in July. In fact, $BTC has shown an average return of 7.98% and a median return of 9.60% during this month. pic.twitter.com/fJaIwc7Eob
— Ali (@ali_charts) June 30, 2024
Bitcoin recorded a 30-day-high of $71,907 and a low of $58,554 in the mentioned timeframe.
Moreover, data provided by Martinez shows that Bitcoin’s largest average price return of 46.81% happened in November.
Bitcoin gained a slightly bullish momentum over the past 24 hours, rising by 0.94%. The flagship cryptocurrency is currently trading at $61,450 at the time of writing. BTC’s market cap again surpassed the $1.2 trillion mark with a daily trading volume of $13.1 billion.
![Bitcoin 'tends to bounce back' in July after negative June: Analyst - 1](https://crypto.news/app/uploads/2024/06/Screenshot-2024-06-30-135340-1024x543.png)
Due to the declining trading volume, lower price volatility and liquidations would be expected for Bitcoin.
On the other hand, Billionaire entrepreneur and Bitcoin supporter Peter Thiel believes that the BTC price might not witness a dramatic rally. Thiel’s comments come while he still holds a portion of Bitcoin.
Last year, Thiel’s Founders Fund invested roughly $200 million in Bitcoin when the asset’s price was hovering at around $30,000.
Bitcoin’s downward momentum started on June 10 when the spot BTC exchange-traded funds (ETFs) in the U.S. recorded their first set of net outflows in one month.
Last week, spot BTC ETFs saw $137.2 million in net inflows in their last four trading days. This pushed the total amount of ETF net flows past the $14.5 billion mark.
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