Category: Bitcoin
For USDC holders, Coinbase Wallet offers a 4.7% APY return
A new reward system for the USD-pegged stablecoin was unveiled by Coinbase Wallet, the digital wallet platform owned by the massive cryptocurrency exchange Coinbase. The Coinbase-incubated Layer 2 network Base…
As Justin Sun takes control of the system and introduces its own wrapped bitcoin currency, Coinbase will delist wBTC
On Tuesday, Coinbase declared that it will stop trading wrapped bitcoin, or wBTC, the following month. The biggest tokenized form of Bitcoin that is traded on Ethereum and other blockchains…
Wall Street behemoths are buying up MicroStrategy stock as it has outperformed bitcoin so far this year
Since August 2020, when business intelligence firm MicroStrategy emerged as the largest corporate holder of bitcoin, it has been regarded as a kind of proxy for the cryptocurrency. Following a…
Bitcoin Depot, a crypto ATM provider, reported $135.3 million in sales for the third quarter
The financial figures for the third fiscal quarter of 2024 were made public by Bitcoin Depot, a crypto ATM manufacturer with headquarters in Atlanta. The company reported $135.3 million in…
Analysts at Copper.co predict that Bitcoin might reach its peak in 200 days, which is consistent with forecasts of the US recession
Based on past statistics, analysts at Copper.co predict that the price of bitcoin may peak by the end of May. In a research published Tuesday, the experts looked at the…
After the spectacular bitcoin advance, Microstrategy’s stock reaches a new all-time high of almost $340
According to NASDAQ data, the share price of business intelligence company Microstrategy hit a record high of $350 on November 11. Monday’s unprecedented price climb for bitcoin coincides with the…
Call premiums on the bitcoin market have gone higher as traders wager on post-election gains
According to an analyst, traders of bitcoin options are paying high premiums for call options, which suggests that they are becoming increasingly optimistic about the future price increases of the…
For the first time, Bitcoin surpasses $77,000 while the CEO of VanEck forecasts $300,000 potential
It’s difficult to determine whether there is a correlation, but just as VanEck CEO Jan Van Eck appeared on CNBC predicting that bitcoin would reach a new all-time high on…
After the Trump triumph, BlackRock’s spot bitcoin ETF sees $1 billion in trade in just 20 minutes
According to Bloomberg Senior ETF Analyst Eric Balchunas, the day after Donald Trump won the U.S. In the first 20 minutes of trading following the presidential election, BlackRock’s IBIT spot…
On Election Day, Bitcoin reaches a new all-time high above $74,000 as Trump gains an early lead
With the market processing Republican nominee Donald Trump’s early lead in the 2024 presidential election, the price of bitcoin has surpassed $73,737.94 to reach a new all-time high. According to…
The biggest daily decline in spot bitcoin ETFs outflows since May recorded at $541 million
Monday’s $541 million net outflow from U.S. spot bitcoin exchange-traded funds was the biggest daily net outflow since May 1 and the second-largest negative flow since trading started in January….
The healthcare business Semler Scientific adds 47 bitcoins to its holdings, bringing its total to 1,058
The healthcare IT business Semler Scientific has paid $3 million for an extra 47 bitcoin as part of its continued goal to accumulate bitcoin, bringing its total holdings to 1,058…
MicroStrategy says it will raise $42 billion to purchase further bitcoin
The biggest corporate bitcoin holder, business analytics firm MicroStrategy, released its third quarter financial results on Wednesday. Notable were fresh ambitions to raise $42 billion in cash and a 5.1%…
The government of Bhutan transfers $66 million in bitcoin to the Arkham Binance deposit address
On Tuesday morning, the Royal Government of Bhutan sent roughly 929 Bitcoin ($66.1 million) to a deposit address of the cryptocurrency market Binance. According to the onchain analytics platform Arkham,…
For the first time in more than seven months, Bitcoin trades above $70,000
Bitcoin reached $70,100 today, marking the first time in over seven months that the largest cryptocurrency by market value has surpassed the $70,000 mark. Since then, it has reversed course…
With a record network hash rate, the difficulty of mining bitcoin reaches a new all-time high
Amidst record seven-day moving average hash rate levels for the network, Bitcoin mining difficulty increased 3.9% on Tuesday to reach a new all-time high. Blockchain explorer Mempool reports that the…
The creation of a stacked bitcoin and gold exchange-traded fund (ETF) aims to protect investors against depreciation and inflation
On Wednesday, an exchange-traded fund was introduced, exposing investors to both bitcoin and gold. The fund, known as the STKD Bitcoin & Gold ETF, is designed to protect investors from…
PinGo Lab Closes Seed Round Investment to Quicken TON Ecosystem Growth
With its latest innovations, PinGo Lab has been gaining traction. In particular, the incorporation of the small app into its ecosystem has drawn over 200k users. PinGo demonstrates its leadership…
The financing rate for bitcoin futures reaches a multi-month high, indicating optimism
An analyst claims that the weighted perpetual futures financing rate for bitcoin open interest (OI) has hit a multi-month high, indicating possible short- to medium-term optimistic mood. At 0.012%, the…
Japan’s Metaplanet increases its overall bitcoin holdings to $26 million by purchasing an additional $2 million
The Japanese investment business Metaplanet Inc., which is still bullish on the largest cryptocurrency in the world, said today that it has acquired an extra 38.464 bitcoin, valued at almost…