Category: Bitcoin
“The MicroStrategy of Asia” ¥1 billion loan secured by Metaplanet to purchase more Bitcoin
Today, the publicly traded Japanese business Metaplanet—often likened to MicroStrategy—announced that it had obtained a one billion yen loan. The company’s most recent Board of Directors meeting approved the decision…
Michael Saylor Is Increasing His $1 Billion Bitcoin Portfolio on His Own
Michael Saylor is still buying himself bitcoins In an interview on Bloomberg Television on Wednesday, Michael Saylor, co-founder and executive chairman of Microstrategy Inc. (Nasdaq: MSTR), disclosed a few details…
Skeptic of Bitcoin Unintentionally Presenting a Bitcoin Argument, Peter Schiff
Lifelong gold bug and skeptic of cryptocurrency It’s possible that Peter Schiff unintentionally just revealed that there are multiple practical applications for Bitcoin. The financial pundit claimed in a tweet…
Russian Expert: Bitcoin May Return to $60k by the End of This Week
Earlier this week, the token’s price experienced sharp declines, reaching its lowest points in six months. Bitcoin Will Soon Return to $60k BTC briefly dropped below the $50k threshold on…
In the UK, Xapo Bank will give 1% interest on bitcoin
According to a statement released on August 5 and shared with CryptoSlate, Xapo Bank, a Bitcoin-focused organization, has announced its entry into the United Kingdom. According to the company, this…
Trading Volume of Bitcoin ETFs Soars Above $1.3B as Buyers Hurry for Cheap Bitcoin
As to the statement made by Alex Thorn, the head of research at Galaxy Digital, an asset management, Bitcoin ETFs saw very high trading volumes after the market decline. Increased…
Morgan Stanley has approved Bitcoin spot ETFs, so wealth advisors can now buy them
According to CNBC’s story on Friday, which was based on sources with knowledge of the policy, prominent investment bank and wealth management company Morgan Stanley would permit its financial advisors…
Cryptocurrency expert Benjamin Cowen warns that altcoins are about to tank against bitcoin
On the social networking site X, analyst Benjamin Cowen informs his 839,200 followers that cryptocurrency owners are going to suffer because he thinks the market is closely replicating the 2019…
Genesis completes its bankruptcy reorganization and begins distributing $4 billion in cash and cryptocurrencies
After declaring bankruptcy in January 2023, Genesis Global and its affiliated companies said on Friday that the reorganization process was finished. According to a news release, the company has also…
The largest one-day withdrawal from US spot bitcoin ETFs in 90 days
On Friday, August 2, the US’s 12 bitcoin exchange-traded funds saw their largest one-day withdrawal since May 1, which was more than 90 days ago (and more than 60 trading…
Although the price of bitcoin drops to $62K support, derivatives measures indicate a bull market
Between July 31 and August 1, the price of Bitcoin (BTC) fell by 5.5%, to $62,498—its lowest point in more than two weeks. This shift is thought to be caused…
BlackRock’s Ethereum Tokenized Fund Disburses $2.1 Million
The July dividend distribution from the BlackRock USD Institutional Digital Liquidity (BUIDL) fund exceeded $2 million, marking a record high for the fund’s monthly distributions. According to Etherscan data, the…
The second layer of Bitcoin, Bitlayer, wins the scaling challenge over Merlin
Layer 2 of Bitcoin As far as total value locked (TVL) goes, Bitlayer has taken the top spot in the Bitcoin scaling networks ranking. With $391 million, Bitlayer—a Layer 2…
MicroStrategy raises holdings to 226,500 bitcoin and adds a BTC yield indicator
MicroStrategy announced on Thursday that it has added a new key performance indicator to its bitcoin strategy and since the start of the second quarter, it has purchased 12,222 bitcoin…
A 0.25% rate cut by the Bank of England could lead to a bitcoin breakout
The Bank of England announced the interest rate reduction in an August 1st X post. The main cause of the easing was inflation, which over the previous year drastically decreased…
Despite a price rally, Bitcoin Exchange Reserves Reach a Multi-Year Low
According to data from on-chain analytics company CryptoQuant, this steep drop coincides with a persistent price spike for Bitcoin as it continues to test $70,000. According to CoinGecko data, this…
As Bitcoin Hits $70,000, Ordinals Bleed
Despite Bitcoin’s recent surge near $70,000, the top Ordinals projects are in decline. In the last 30 days, collections like NodeMonkes, Bitcoin Puppets, and Ordinal Maxi Biz have all dropped…
A $2.2 billion options expiry may cause the price of bitcoin to stabilize, economists warn
The monthly expiry of over $2.2 billion is scheduled to take place on August 2, and Bitfinex analysts forecast in a note that they foresee potential further downward pressure on…
Saylor of MicroStrategy claims that the nation that purchases Bitcoin first by issuing money ‘wins’
Michael Saylor, executive chairman of MicroStrategy, claimed that Bitcoin might assist in resolving half of the world’s economic issues, particularly for nations facing difficulties as a result of growing national…
Lummis proposes legislation to create a strategic reserve of one million Bitcoins for the United States
A new bill introduced by Senator Cynthia Lummis seeks to create a strategic reserve of at least one million Bitcoins (BTC) for the United States, which represents 5% of the…