Tag: 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…
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 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…
Dollar Cost Averaging in Crypto: What Is It? An Overview of DCA
Dollar Cost Averaging (DCA): What Is It? In conventional finance, dollar-cost averaging (DCA) is an investing strategy intended to reduce volatility when purchasing a sizable financial asset or instrument block….
Spot Bitcoin ETFs: What Are They?
However, what are Bitcoin ETFs that are spot and how do they operate? You can get the answers to these and many other questions about this issue by carefully reading…
Introduces Arbitrum to Tokenized Money Market Fund
Franklin Templeton, a prominent figure in asset management, has partnered with Arbitrum Foundation to introduce the Franklin OnChain US Government Money Fund (FOBXX). The partnership represents increasing institutional interest in…
“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…
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…
With the help of Morgan Stanley and a GPU pilot, bitcoin miner IREN is stepping into AI
According to its July 23 Analyst & Investor Day presentation, bitcoin miner IREN (previously known as Iris Energy) is the newest cryptocurrency mining business hoping to capitalize on the artificial…
Franklin Templeton contributes $300 million to Bitlayer’s Bitcoin infrastructure
Bitlayer, a Bitcoin layer-2 network, has raised a total of $16 million, including $11 million in its Series A investment round, according to a statement shared with CryptoSlate on July…
Bulls in bitcoin aim for $72K following a 5-week high in the premium of BTC futures
On July 22, the price of Bitcoin (BTC) tickers down $66,860 reached an intraday peak of $68,518—its highest level in forty days. The 19.4% increases in ten days were driven…
July saw a very active inflow of Bitcoin ETFs, with over $41,000 BTC accumulated
According to HODL15Capital, as of July 21, the number of Bitcoin ETF purchases in the United States had surpassed 41,158 coins. July saw record inflows into Bitcoin ETFs Bitcoin ETF…
Bitcoin hits a local low among signs of impending upswing in price: CryptoQuant
Analysts at CryptoQuant claim that after rising to a high of nearly $66,000 earlier this week, the price of bitcoin appears to have bottomed out. According to Thursday’s CryptoQuant Weekly…