Bitcoin · CLARITY Act · Bloomberg · Canada · Bitcoin Magazine
Little over a week ago, hackers started stealing millions in Bitcoin from Coldcard wallets after discovering a vulnerability
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The incident has rattled the BTC community that typically praises cold storage solutions.
Key facts
- The biggest cryptocurrency was trading above $65,170 today, up nearly 4% over the past week, despite significant headwinds against the asset
- Since the beginning of this week, $763.6 million in fresh cash has hit the funds
- Still, Bitcoin made gains as investors carried on buying shares of the exchange-traded funds: BlackRock’s iShares Bitcoin Trust, and Morgan Stanley’s fund have both seen significant inflows
- Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the flows might not be related to the Coldcard hack, but it would make sense for investors to rotate into the highly successful
Summary
Bitcoin was trading higher on Friday, despite negative news circulating regarding the Clarity Act delay and a massive exploit of the popular Coldcard wallets. The biggest cryptocurrency was trading above $65,170 today, up nearly 4% over the past week, despite significant headwinds against the asset. Little over a week ago, hackers started stealing millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software. And news dropped late Thursday night that the crypto market structure bill would be delayed until September as lawmakers break for recess.