Fri, April 3

Goldman Sachs Discloses Significant Bitcoin ETF Holdings in Q2 Filing

Goldman Sachs, a massive financial institution, disclosed its holdings in the second quarter in a Form 13F filing. According to the SEC filing, the massive financial institution holds holdings in seven separate US Bitcoin exchange-traded funds. The filing reveals that Goldman Sachs has an incredible 7 million shares, or $238

August 14, 2024 2 mins read

US Bitcoin ETFs on Track to Surpass Satoshi Nakamoto’s BTC Holdings

The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has made waves in the crypto market and the global financial markets, sweeping the community’s attention since January. The total Bitcoin held by these U.S. ETFs is on the brink of surpassing Satoshi Nakamoto’s 1.1 million BTC cache.  Bitcoin

August 14, 2024 2 mins read

Japanese Firm Metaplanet Continues Buying Spree With ¥500M Worth of BTC

Metaplanet, a prominent player in the cryptocurrency space, has made headlines once again. On the official X page, @Metaplanet Inc. has shared the details of new Bitcoin purchases. The Japanese Public Company has acquired an additional ¥500 million worth of Bitcoins. This is after it announced its intention to acquire

August 13, 2024 2 mins read

El Salvador Secures $1.6B Investment for Bitcoin City Port Infrastructure

The announcement of a $1.6 billion investment in Bitcoin City in El Salvador has sparked renewed interest in cryptocurrency. Yilport Holdings, a Turkish firm, would put $1.6 billion into the Acajutla and La Union ports—the latter of which will house the Bitcoin City. Crypto enthusiasts have dubbed the port construction

August 13, 2024 2 mins read

Bitcoin Miners Face Record-low Daily Revenue in 2024

In 2024, Bitcoin miners have encountered significant financial challenges, with daily revenue dropping to an unprecedented low of $2.5 million. This decline marks the lowest point in the year and reflects the increased difficulty of mining operations. According to the information on Blockchain.com, the mining revenue has dropped to -0.06%.

August 12, 2024 1 min read

Is Bitcoin Price Struggling to Break $60K Resistance After Recent Dip?

The cryptocurrency market is on a revival trend as prices have begun to once again reach their previous highs. However, the trend has not been linear as leading cryptocurrencies have exhibited struggles to surpass their previous resistance levels. Bitcoin, in the last 24 hours, made several unsuccessful attempts to surpass

August 10, 2024 2 mins read

Will Bitcoin Reach New Price Levels After Retracing to $60K?

The crypto market has shown a revival in the past few days after the August first weekend market crash. Notably, the overall market cap has increased by 6.50% while the daily trading volume exhibited slight declines. Leading cryptocurrency Bitcoin showed notable surges over the past day as the present positive

August 9, 2024 2 mins read

Bitcoin Miner Profit Margins Plunge as Hashprice Hits Record Low

A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability. The

August 9, 2024 2 mins read

U.S Spot Bitcoin ETFs Rebound with $45 Million Inflows

Wednesday saw a return to positive flows for the U.S.-based spot bitcoin exchange-traded funds, which reported net inflows of $45.14 million. In the previous three trading days, over $554 million departed from spot bitcoin ETFs. Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT, according to SoSoValue statistics. Then, WisdomTree’s

August 8, 2024 1 min read

Metaplanet Secures ¥1B Loan to Further Fuel Bitcoin Acquisition

A further loan of 1 billion Japanese Yen was secured earlier today by the publicly-listed Japanese corporation Metaplanet, further solidifying its Bitcoin acquisition strategy. The announcement of the $68 million stock rights offering for the purchase of BTC came the day before this action. Raising an extra 1 billion Japanese

August 8, 2024 2 mins read
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