Paris-based crypto firm, The Blockchain Group, announced that it intends to raise €300 million (approximately $342 million) in order to increase its Bitcoin treasury holdings. The raising begins to stand out as another step in the growing trends of institutional crypto adoption in Europe, while it further carves its identity
Michael Saylor, Executive Chairman and Co‑Founder of MicroStrategy, recently addressed concerns over quantum computing potentially breaking Bitcoin’s encryption. In a CNBC interview, he dismissed fears raised by firms like BlackRock that advanced quantum machines could render Bitcoin insecure. Saylor noted that anyone capable of building a quantum computer powerful enough to
Bitcoin network transaction activity has dropped to its lowest point since October 2023, according to data from The Block. The seven-day moving average reached approximately 317,000 on June 6. This marked a 19-month low and came despite Bitcoin trading near its ATH value. According to data from YChart, on June
Pro-XRP lawyer John Deaton has sparked conversation in the crypto space by claiming that buying Bitcoin at $106K today is actually less risky than scooping it up at $25K. Posting on X, Deaton pushed back against the usual logic that cheaper automatically means safer. He points to shifts in the
In the last week, following Donald Trump and Elon Musk fallout, the crypto market showed some recovery, taking the price of Bitcoin near $105k. The data from CoinMarketCap shows that BTC is steady at $105k over the last day. But the analysts speculate that the current level at which the
Bitcoin reclaimed the $106,000 mark today, touching an intraday high of $106,039. At press time, BTC trades at $106,144.42, showing a mild 0.52% gain over the last 24 hours. Despite this uptick, the 24-hour trading volume declined by 5.65% to $37.13 billion. Meanwhile, Bitcoin’s market capitalisation rose slightly to $2.1
Metaplanet witnessed a significant surge of 26.49% on June 6 following the announcement of a massive $5.4 billion fundraise via an equity financing plan, for extra BTC purchases. The trading day closed at $11.65 and is up 245% in the past month. The market expert predicts that it can still
Strategy (formerly MicroStrategy) has expanded its preferred stock offering to raise nearly $1 billion for additional Bitcoin acquisitions. The firm priced 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD) at $85 each, with an estimated $979.7 million in net proceeds. Initially targeting $250 million, the
The crypto market crash was hit with fresh volatility as tensions mounted between U.S. President Donald Trump and tech billionaire Elon Musk, two powerful individuals whose public spat has rocked investor confidence. U.S. Bitcoin ETFs registered a dramatic reversal on June 5, posting outflows of $278 million. The fall followed
CoinFlip, the biggest Bitcoin ATM provider in the U.S., is reportedly looking at a potential sale with hopes of securing a valuation of $1 billion, marking a big shift for the crypto ATM space. Started in 2015, the Chicago-based fintech has scaled quickly, now operating over 5,500 ATMs across 10
