Sat, July 25

Binance CEO Predicts Bitcoin to Cross $80,000 by End of 2024

Richard Teng, the current CEO of Binance, according to Bloomberg has stated that he thinks bitcoin (BTC) will reach $80,000 by the 2024 end. According to Teng, “with supply reducing and demand continuing to come through,” he anticipates that the biggest cryptocurrency in the world will surpass his earlier prediction

March 18, 2024 1 min read

Will Bitcoin Surge Above $70K Again Anytime Soon?

Bitcoin’s recent tumultuous journey has left investors and market enthusiasts on edge as the cryptocurrency experiences unprecedented highs and worrying dips. After reaching an all-time high of over $73,500 earlier this month, Bitcoin’s rapid ascent was matched by an equally swift descent, plunging below the $65,000 mark. Presently, it hovers

March 18, 2024 2 mins read

Marathon Digital Set to Acquire $87.3M Bitcoin Mining Facility

Marathon Digital Holdings recently made an announcement about a formal deal to acquire a 200 MW Bitcoin mining facility in Texas from Applied Digital for $87.3 million. After all changes to the price have been negotiated, the deal will be finalized since Marathon has agreed to pay the acquisition price

March 17, 2024 1 min read

El Salvador Vaults $400 Million in Bitcoin: A Landmark Move?

The Central American nation of El Salvador, led by President Nayib Bukele, has ramped up its cryptocurrency reserves by transferring a staggering $400 million worth of Bitcoin (BTC) into a cold wallet. This significant maneuver, described by Bukele as “a big chunk,” marks a notable milestone in the country’s ongoing

March 16, 2024 2 mins read

Vanguard CEO Reaffirms Stance Against Spot Bitcoin ETFs

Investment banking behemoth Vanguard’s chairman of the board and chief executive officer Tim Buckley has reiterated his firm’s intention to stay out of the spot Bitcoin exchange-traded fund market. According to Buckley, his company has been getting a lot of inquiries on the timing of potential spot Bitcoin exchange-traded funds.

March 16, 2024 2 mins read

Bitcoin Investor Allocation Portfolio Surpasses Gold as per JPMorgan

After taking volatility into account, a JP Morgan analyst claims that Bitcoin is currently more heavily allocated to investor portfolios than gold. Investors’ allocation to Bitcoin (BTC) is 3.7 times more than that to gold, according to JPMorgan managing director Nikolaos Panigirtzoglou, who allegedly said this after accounting for volatility.

March 15, 2024 2 mins read

MicroStrategy Plans to Raise $525M via Convertible Senior Notes

Crypto industry heavyweight MicroStrategy led by Michael Saylor has now announced plans to raise an astounding $525 million via the issuance of convertible senior notes. This strategic decision comes only weeks after the firm attempted to increase the sale of its notes to $700 million. This massive boost demonstrates MicroStrategy’s

March 15, 2024 2 mins read

Bitcoin Plunges 12% Today, What Triggered the Correction?

After soaring to new heights, Bitcoin’s (BTC) bullish momentum has hit a snag as the cryptocurrency experiences a significant pullback. Following its record-breaking peak of $73,750 on March 14, Bitcoin displayed a sharp decline, plunging to $65,630, marking a 12.3% drop. The sudden decline in Bitcoin’s price has resulted in

March 15, 2024 2 mins read

Wealth Management Firm Cetera Adds Several Spot Bitcoin ETF for Trading

A number of spot Bitcoin exchange-traded funds (ETFs) that received SEC approval in January have got a major boost thanks to the inclusion of trading support from wealth management company Cetera. The new update, which Cetera announced on Thursday, allows brokerage accounts to invest in spot Bitcoin ETFs. A total

March 15, 2024 1 min read

UK Court Rules Against Craig Wright’s Claim of Being Satoshi Nakamoto

In a verdict handed out by British judge James Mellor on March 14, BitMEX Research revealed that Craig Wright was found not to be Satoshi Nakamoto, the anonymous developer of the Bitcoin network. In the case filed by the Crypto Open Patent Alliance (COPA) against Wright, an Australian computer scientist

March 14, 2024 2 mins read