Sat, October 17

Japan’s Metaplanet Unveils $62M Worth Bitcoin Acquisition Strategy

Following the announcement that the business will raise $62 million by offering the Moving Strike Stock Acquisition Rights in order to buy more Bitcoins, Metaplanet’s shares jumped 6.5% during Thursday’s trading session. The stock has increased by 102% in the last month, which is three times the 36% gain made

November 28, 2024 1 min read

President Trump Assembling a Bitcoin Army Says Lummis

The excitement for new announcements and developments, particularly President-elect Donald Trump, pushes the Bitcoin market to new highs. Today, the market reacted to another level with Senator Cynthia Lummis’s new statement linking Trump to pro-Bitcoin initiatives.  Sharing a video on Twitter, Lummis claimed, “President Trump is assembling an army to

November 27, 2024 1 min read

Bitcoin Pullbacks to $91K Following Major Liquidations

Just an hour before, Bitcoin (BTC) saw a significant drop in the Asian trading hours, plunging into the $91K range after a loaded crypto liquidation totaling $687 million. BTC alone accounted for $178.25 million in liquidations, reflecting the market’s struggle with overheating leverage positions and profit-taking among holders.  Over the

November 26, 2024 1 min read

Bitcoin Daily Active Addresses Approach 1 Million Despite Price Dip

The daily active addresses on the Bitcoin blockchain are witnessing a substantial increase and are approaching the 1 million mark, as per IntoTheBlock market intelligence platform. As Bitcoin is marching towards the $100k level, the on-chain activity is rising with the increased interest among Bitcoin users. Bitcoin’s long-term activity trend

November 26, 2024 2 mins read

Semler Scientific Adds 297 BTC to Holdings, Totaling $117.8M in Bitcoin Reserves

In an announcement about its Bitcoin holdings, healthcare-focused technology business Semler Scientific revealed the purchase of 297 BTC between November 18 and 22, 2024. With fees included, the average price of a Bitcoin was $97,995, and the total cost to the business was $29.1 million. A recent release states that

November 26, 2024 1 min read

Bitcoin Faces Worst Drop Since Trump’s Win, Drops Below $100,000

Bitcoin’s Recent Pullback Despite Trump’s Winning Bitcoin recently saw its longest losing streak since Donald Trump’s election victory, dropping 6% over three days and stabilizing around $92,000. There was huge expectation around it to cross $100000 but it failed, with profit-taking and global market uncertainty by Trump’s recent tariff proposals

November 26, 2024 3 mins read

MicroStrategy Acquires 55,500 BTC, Total Holdings Reach 386,700

The Bitcoin holdings of MicroStrategy have surged once again. The company’s total Bitcoin holdings reached 386,700 after an announcement that it had acquired 55,500 BTC for $5.4 billion. With the purchase of 55,500 BTC from November 18–24 at an average price of $97,862 per bitcoin, MicroStrategy increased its BTC yield

November 26, 2024 1 min read

El Salvador Taps Geothermal Power for Bitcoin Mining Revolution

In a novel and innovative move, El Salvador is mining Bitcoin utilizing the strength of its volcanic landscape. While praising the country’s geothermal energy potential, President Nayib Bukele proposed a “rent your volcano to mine Bitcoin” initiative recently. El Salvador has used its natural resources, particularly its 170 volcanoes, to

November 25, 2024 1 min read

Cantor Fitzgerald and Tether Reportedly Plan $2B Bitcoin-Backed Lending Program

Cantor Fitzgerald, a bond and financial services trading business in the United States, is allegedly in talks with Tether about launching a multibillion-dollar lending program backed by Bitcoin. Customers would be able to borrow money using Bitcoin as collateral under the proposed program. According to a Bloomberg article on Saturday,

November 25, 2024 2 mins read

Cboe to Launch First Bitcoin Spot Index Options in December This Year

The first bitcoin spot index options including a cash settlement will be introduced by Cboe Global Markets. Options based on the newly created Cboe Bitcoin US ETF Index, which will monitor the performance of spot bitcoin ETFs traded on U.S. exchanges, are set to debut on Monday, Dec. 2. Cboe

November 23, 2024 2 mins read