Thu, July 24

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

Ethereum ETPs Dominate as Institutional Investors Make a Comeback

After the market crash on August 5, institutional investors poured capital back into cryptocurrency funds, and Ethereum exchange-traded products were their first pick. For the week ending August 11, crypto asset investment products saw inflows totaling $176 million, according to the Digital Asset Funds Weekly Report issued on August 12

August 13, 2024 1 min read

TeraWulf Q2 Revenue Surges Despite 21% Drop in Bitcoin Production

Bitcoin mining firm TeraWulf’s Q2 2024 financial report disclosed a 21.4% drop in Bitcoin production, totaling 699 BTC compared to the previous year’s second quarter. Amidst the drop, TeraWulf generated $35.6 million in revenue, more than double its earnings of $15.5 million from the previous year.  Moreover, the firm’s gross

August 13, 2024 2 mins read

Is Bitcoin Price Breakout In Sight As It Returns to Previous Cycles?

The crypto sector has shown positive momentum since the beginning of this week. In the last 24 hours, the market recorded a 1.80% increase in market cap while the daily trading volume surged by 40.31%. The largest cryptocurrency, Bitcoin surpassed resistance at the $56K level and has inched closer to

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

Are Altcoins Gaining Traction Amidst Bitcoin’s Selling Pressure?

Digital asset investment products experienced a notable rebound last week, with inflows totaling $176 million as investors capitalized on recent price weaknesses, reported coinshares. This surge in investment follows a period where total Assets under Management (AuM) dipped to $75 billion, a decline of over  $20 billion during a market

August 12, 2024 2 mins read

MicroStrategy’s BTC Gamble Turns Into Strategic Triumph Over Time

MicroStrategy, an American business intelligence firm founded in 1989, took a bold leap by adopting Bitcoin as its primary treasury reserve asset. Michael Saylor, former CEO, and one of the co-founders of MicroStrategy, initiated this decision due to the company’s sluggish stock performance over the past years. However, MicroStrategy’s BTC

August 12, 2024 2 mins read

Can Bitcoin (BTC) Bounce Back From this Recent Dip?

The crypto market has suffered a notable price drop over the last 24 hours. Overall global crypto market cap has dropped by 4.07% to $2.05 trillion over the last day. Leading cryptocurrencies have fallen to considerable support levels, like in July. Bitcoin (BTC) and Ethereum (ETH) have fallen over 4%

August 12, 2024 2 mins read

Dogwifhat Faces Double-Digit Loss as Market Crash Intensifies

As Bitcoin (BTC) faces a notable dip, the Solana-based memecoin Dogwifhat (WIF) has recorded significant volatility with a double-digit loss. In the last 24 hours, WIF displayed a sharp decline of over 13.3%, reflecting the broader impact of Bitcoin’s downturn on the memecoin market. The memecoin, which fell to $1.09

August 12, 2024 2 mins read
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