Thu, September 3

Metaplanet Continues Buying Spree with $1.26M Worth Bitcoin

For a total investment of almost $1.26 million, Japanese company Metaplanet extended its Bitcoin buying binge, purchasing an extra 21.88 BTC. Coincident with this news, the price of Bitcoin jumped 4.5% on Monday, bringing it near to $65,000. Metaplanet has been gradually increasing its Bitcoin holdings over the last two

July 16, 2024 1 min read

BlackRock CEO Larry Fink Endorses Bitcoin Amid Economic Uncertainty

In light of the current economic uncertainty in many countries, BlackRock CEO Larry Fink has gushed over Bitcoin (BTC) as an investment opportunity. A further bright spot in the global market, according to the CEO, is expansion in the private sector. After trading below $60,000, the crypto market recovered, and

July 15, 2024 2 mins read

Genesis Trading Sells Off 600 Bitcoins Amid Bankruptcy Proceedings

Genesis Trading is now dealing with bankruptcy and is continuing to sell off large amounts of Bitcoin. Analysts and investors are taking notice of the company’s decision to send 600 Bitcoin (BTC) to Coinbase, which is worth about $37.72 million. A substantial 600 Bitcoin (BTC)—worth over $37.72 million—was reportedly sent

July 15, 2024 2 mins read

US Bitcoin ETFs See Net Inflow of $310M Amid Market Recovery

The crypto market is in a bearish trend, and amid this downturn, the U.S. spot Bitcoin exchange-traded funds (ETFs) had a significant net inflow. While the German government has been going through a strong selling spree throughout this week, the spot Bitcoin ETFs in the U.S. witnessed significant accumulation.  According

July 13, 2024 2 mins read

Has the German Government Ended its Bitcoin Selling Spree?

In the past few weeks, the German government’s Bitcoin selling was the most discussed and watched within the crypto community. The government of Germany in a span of three weeks has managed to sell a notable 50,000 BTC. In the last 24 hours, their BTC holdings have fallen to almost

July 13, 2024 2 mins read

Bullish Streak for US Spot Bitcoin ETFs Continues with $78.93M Net Inflow

The bullish streak for the U.S spot bitcoin exchange-traded funds (ETFs) reached five days on Thursday, with a total daily net inflow of $78.93 million. SoSoValue data shows that the biggest net inflows of the day were $72.09 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net asset

July 12, 2024 1 min read

Will the German Government’s 90% Bitcoin Sell-Off Affect BTC Price?

The German government’s Bitcoin holdings have seen a drastic 90% reduction, with Bitcoin (BTC) falling to break the $60,000 zone twice in 48 hours. This substantial sell-off has led to heightened market volatility and investor concern. In January, the German authorities seized a substantial stash of Bitcoin, totaling 49,860 BTC,

July 12, 2024 2 mins read

US Spot Bitcoin ETFs Register Net Inflows, Extending 4-Day Streak

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) had a net inflow of $147.37 million, continuing a streak of four days of positive fund flows. SoSoValue statistics shows that Fidelity’s FBTC received $57.79 million on Wednesday. Up next was Franklin Templeton’s ETF, which raised $31.66 million, its highest funding

July 11, 2024 1 min read

Is There Any Possibility To Witness Bitcoin (BTC) Recover Shortly?

The slightest revival of the Bitcoin price yesterday was less impactful than expected, failing to break $60,000. BTC struggled to clear the $59,500 level and dipped by 0.39% over the past 24 hours to a bottom of $57,209. The German government’s recent sell-off might shake the market and has made

July 11, 2024 2 mins read

Malaysia Plans Crackdown on Bitcoin Miners Amidst Illegal Mining Surge

The government of Malaysia attributes the region’s exorbitant power bills on Bitcoin (BTC) mining. According to Akmal Nasrullah Mohd Nasir, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, the country’s power supply was depleted by cryptocurrency miners to the tune of $722 million (RM3.4 billion) from 2018 to 2023.

July 11, 2024 2 mins read