In the first half of 2023, Bitcoin (BTC) stormed the financial markets, boasting an impressive 84% growth rate. Significantly, this rise has outclassed most traditional financial assets. Consequently, the digital currency is no longer simply an alternative but a strong contender for the most profitable investment of 2023. 📈 #Bitcoin
On Tuesday, June 27, MicroStrategy, the biggest corporate holder of Bitcoins, announced the acquisition of Bitcoins (BTC) for an astounding $347 million. MicroStrategy CEO Michael Saylor made the latest disclosure on Tuesday, stating that the company has acquired 12,333 Bitcoin. On Twitter, Saylor sent the following message: “MicroStrategy has acquired
One of the prominent Bitcoin mining businesses, Riot Platforms, has spent $162.9M on 33,280 “next-generation” Bitcoin miners for its Texas data center. The purchase of the mining rigs from supplier MicroBT is well ahead of Bitcoin’s next halving cycle, which is expected to occur around the middle of 2024. The
In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by
Crypto miner Hut 8 said it has secured a $50 million credit facility with Coinbase Credit. The North American crypto miner said in a statement that it plans to utilize the loan funds for “general corporate purposes.” Thus, giving it more leeway financially and allowing it to better manage its
Major progress was apparently made in the crypto sector as the Hong Kong rating agency HKVAC published its virtual asset index. The list comprises the 30 biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This follows HSBC’s recent decision to allow Hong Kong residents to invest in Bitcoin and Ethereum
Apple has decided to formally remove Damus, a decentralized social networking app built on the Nostr protocol, from the App Store because the company has not brought the app in line with its Bitcoin tipping service. Damus tweeted on Monday that despite the app being updated to make it obvious
Riot Platforms, a major player in the global Bitcoin mining industry, is poised to significantly enhance its hashrate capacity by acquiring 33,280 mining rigs from MicroBT, a renowned manufacturer of essential equipment for cryptocurrency mining. The order for Application-Specific Integrated Circuit (ASIC) amounts to an impressive $162.9 million, setting it
HSBC, Hong Kong’s biggest bank, is now facilitating the purchase and sale of Bitcoin ETFs listed on the Hong Kong Stock Exchange. Cryptocurrency exchange-traded funds (ETFs) such as CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are all available on the Hong Kong stock
Bitcoin (BTC) and the rest of the cryptocurrency market started June trading on a descending pattern amidst regulatory pressure on the industry. However, over the last few days, Bitcoin’s price has experienced a rapid rally propelled by the news of institutional interest in spot Bitcoin ETF. Although the flagship token
