Tag: Bitcoin

Since its launch in March 2024, BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL) has delivered $7 million in dividends.

Business intelligence firm MicroStrategy has purchased 12,222 bitcoins for $805.2 million since the beginning of Q2 2024, increasing its total holdings to 226,500 BTC at an average cost of $36,821 per BTC.

Bitcoin’s market performance has been a topic of immense interest and speculation over the years.

After a strong July, which saw a rebound that lifted Bitcoin to nearly $70,000, the crypto market has taken a sharp downturn by the end of the month.

On Thursday (August 1), the price of Bitcoin dropped below $63,000 at the time of writing after managing to stay above $64,000 all day.

Blockchain analytics platform Glassnode, collaboratng with Coinbase, the largest cryptocurrency exchange in the U.S., released their “Guide to Crypto Markets for Q3 2024.”

A significant shift in cryptocurrency market dynamics has emerged, according to a recent report.

Bitcoin’s current market behavior suggests a continuation of its upward trend with investor profitability staying robust, according to a recent Glassnode report.

Futu Securities, Hong Kong’s largest online broker, has introduced retail Bitcoin (BTC) trading on its platform.

Tucker Carlson, the former Fox News host, has stirred controversy with a new theory about Bitcoin’s origins.

Analysts at VanEck, a leading investment management firm and issuer of crypto ETFs, predict that the price of Bitcoin (BTC) could rise to $2.9 million by 2050.

Popular crypto analyst, known as Kaleo, predicted that Bitcoin might soon enter a new phase of price discovery, where it trades at record levels never seen before.

Ark Invest sold 12,077 shares of Coinbase—valued at $2.7 million—from its Next Generation Internet ETF (ARKW) on Wednesday.

Mt. Gox, the bankrupt cryptocurrency exchange, has recently made progress in repaying its creditors, distributing digital assets to 17,000 claimants as of July 31.

Investors have pulled nearly $2 billion from Grayscale’s Ethereum ETF (ETHE) since it transitioned from a trust, with the fund’s value now at $6.7 billion due to declining Ethereum prices.

Riot Platforms, a Bitcoin mining company, reported a significant loss in Q2, impacted heavily by the April halving event.

In 2024, global cryptocurrency trading is set to reach over $108 trillion, a dramatic increase of nearly 90% from 2022, according to Coinwire.

The cryptocurrency market needs a stronger trigger than former U.S. President Donald Trump’s recent remarks on Bitcoin to achieve a major breakout, analysts suggest.

New insights from crypto analytics firm Kaiko indicate a surge in bullish Bitcoin (BTC) bets ahead of the upcoming presidential election.

Bitwise’s chief investment officer, Matt Hougan, has highlighted a significant shift in the cryptocurrency landscape, increasing the chances for upward market movements.

Senator Cynthia Lummis has introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024” (Bitcoin Act of 2024).

The Federal Open Market Committee (FOMC) justs concluded their two-day meeting. 

Grayscale Investments has launched a new Bitcoin ETF, the Grayscale Bitcoin Mini Trust, which began trading on NYSE Arca under the ticker “BTC” this Wednesday.

Tether Holdings Limited has achieved a historic financial milestone, reporting a record net operating profit of $1.3 billion for Q2 2024, contributing to a total net profit of $5.2 billion for the first half of the year.

Recently, misleading information spread claiming that Russia had officially adopted Bitcoin mining and cryptocurrency payments.

Fidelity International has made headlines by launching its Physical Bitcoin Exchange Traded Product (ETP) on the London Stock Exchange.

Crypto exchange M2 has introduced a new feature that enables residents of the United Arab Emirates to directly trade Bitcoin and Ethereum using their local bank accounts.

Nvidia (NVDA) stock is anticipated to experience more dramatic price fluctuations than major cryptocurrencies like Bitcoin and Ethereum.

After a fairly long period of trading in a relatively narrow range, XRP appears to be defying the mostly negative results of the broader crypto market by registering gains over the past day.

Crypto expert Kaleo has provided an analysis suggesting that Bitcoin prices are poised for a major increase following each halving event.

The Bitcoin 2024 conference in Nashville was historical with all the big speakers that attended such as Michael Saylor and Donald Trump.

Economist Paul Krugman remains critical of Bitcoin, especially amid the recent surge in Republican support for the cryptocurrency.

The Russian Central Bank has traditionally been against cryptoassets, but changing international circumstances are prompting a shift in their approach.

David Solomon, CEO of Goldman Sachs, remains cautious about Bitcoin and other cryptocurrencies, describing them as speculative investments with no clear use.

Japanese investment firm Metaplanet has announced its participation in a new Bitcoin-focused initiative launched by MicroStrategy and Bitcoin Magazine.

Grayscale Investments has seen over $20.4 billion in outflows from its Bitcoin and Ethereum ETFs.

Nearly half of the Bitcoin owed to Mt. Gox creditors has been distributed, yet many are still holding onto their assets even after a decade of waiting.

The author of the popular book “The Bitcoin Standart”, Saifedean Ammous, took to Twitter to point out the biggest obstacle in Bitcoin’s path.

Despite Bitcoin trading below $67,000, large investors are seizing the opportunity to buy in.

The Bitcoin mining industry is projected to grow to $20 billion over the next five years, driven by advancements in technology and evolving market dynamics.

There’s growing debate on whether Bitcoin should be added to the US’s reserve assets.

Steven McClurg, Digital Assets Head at CoinShares, suggests the U.S. should create a strategic Bitcoin (BTC) reserve.

In a recent discussion with crypto trader Scott Melker, macroeconomics expert Lyn Alden laid out how nations might shift towards adopting Bitcoin (BTC) as a primary financial standard.

Bitcoin (BTC) headed toward the $66,000 mark early Tuesday, erasing last week’s gains that reached the $70,000 mark.

Kamala Harris is reportedly engaging with major cryptocurrency firms to address her party’s previous skepticism towards the industry.

Presidential hopeful Robert F. Kennedy Jr. (RFK Jr.) asserts that U.S. policymakers are coming to terms with Bitcoin’s inevitability and are racing to craft a comprehensive strategy to maintain America’s financial leadership.

BlackRock’s CIO, Samara Cohen, has confirmed to Bloomberg that the firm is not currently considering a Solana ETF.

For the past two weeks there was a notable surge in the amount of Bitcoin held in exchange wallets, with more than 35,000 BTC added.

Bitcoin recently surged to around $70,000, with PlanB, the creator of the stock-to-flow model, predicting the cryptocurrency could double its value in the next 3-5 months.

Mike Novogratz, the CEO of Galaxy Digital, has raised alarms about the current state of US government spending, suggesting that it is on a dangerous path that could lead to bankruptcy.

Tom Lee from Fundstrat believes that Bitcoin (BTC) could experience significant growth if the Federal Reserve starts cutting interest rates.

The U.S. Government recently transferred over $2 billion worth of Bitcoin (BTC) from the cache seized from the Silk Road dark web marketplace.

A top cryptocurrency ETF issuer has integrated Chainlink’s Proof of Reserves to enhance transparrency.

Kyiv authorities have arrested four individuals in connection with the abduction and murder of a 29-year-old foreign national.

Bitcoin and gold might be poised for a substantial price surge as the macroeconomic environment shows signs of improvement.

A long-inactive Bitcoin wallet recently made headlines by moving 37 BTC, valued at over $2.5 million, after being dormant for 11 years.

The launch of spot Ether ETFs in the U.S. has triggered a significant $2.2 billion inflow, the largest since December 2022, with a 542% increase in ETH exchange-traded products, as reported by CoinShares.

Elon Musk recently appeared on the X Takeover podcast hosted by the Tesla Owners Silicon Valley account, which took place on his own X social media platform.

Bitcoin managed to regain its bullish momentum after the recent correction to below $54,000.

Alex Krüger, a well-known economist, predicts that Bitcoin is entering a new “supercycle,” marking a significant shift in the cryptocurrency market.