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Bitcoin reversed its early advance as markets priced in multiple rate hikes after August core CPI rose 0.3% monthly. Annual core inflation was 2.4%, matching forecasts and reaching its slowest pace since early 2021.
Bitcoin has pulled back following another golden cross. CoinDesk reports that the signal may support the longer-term outlook, while historical patterns indicate much of the upside often arrives before the crossover appears.
Albuquerque has banned Bitcoin ATMs and ordered operators to remove them within 45 days. A councilor said 90% of crypto kiosk transactions in the city are tied to fraud and called the machines a conduit for crime.
Blockstream will not pay a ransom for nearly 600 BTC held by Liquid hackers, according to Cointelegraph. It said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if it is not returned.
Bitcoin dropped below $77,000 and is down more than 5% this week, while 95 of the CoinDesk 100 declined in 24 hours. Zcash led losses as traders bet on a Federal Reserve rate hike.
Metaplanet shareholders are criticizing equity allocations for insiders, while new figures show Southeast Asian crypto funding has doubled. Singapore remains Asia’s leading crypto hub, according to Cointelegraph.
Trezor disclosed another data breach involving a marketing platform, with bitcoin hardware-wallet users targeted by phishing attacks, Bitcoin Magazine reported. Details on affected data and user numbers were not provided.
The ECDSA.Fail challenge reduced the resource benchmark for one component of a potential quantum attack on Bitcoin by 86% using AI agents. The result does not indicate that Bitcoin has been attacked or that a practical quantum attack exists.
Bitcoin Magazine reports that Senate Republicans have circulated an updated Crypto Clarity Act draft days before a key vote. The report provides no details on the revisions, vote timing, or potential market impact.
Bitcoin’s rally has cooled amid an inflation-driven selloff, but its chart is nearing a golden cross—the first potential shift of this kind since November, according to Decrypt.
Coinbase CEO Brian Armstrong says Bitcoin reaching $400,000 by 2030 remains a reasonable target. He also believes the market bottom is in after about a year of downturn, with the next halving roughly 18 months away.
Researchers and AI agents reportedly improved on Google’s March result for a calculation used by Shor’s algorithm, cutting the estimated requirements for a potential quantum attack on Bitcoin and Ethereum by 50%.
Bitcoin Magazine’s Shinobi offers a high-level introduction to quantum computing, explaining what it is and how it differs from conventional computing. The overview is relevant to technology and cryptocurrency market audiences.
