Thu, February 20

Former Binance.US CEO Brian Brooks Joins MicroStrategy Board

MicroStrategy, led by Bitcoin advocate Michael Saylor, has brought three new members onto its board of directors. Former Binance.US CEO Brian Brooks, Jane Dietze, and Gregg Winiarski joined the board on December 20, as revealed in a recent SEC filing. This expansion brings the total number of board members to

December 22, 2024 2 mins read

Quantum Computing is Not an Immediate Threat to Bitcoin

In recent days, the potential of quantum computing to disrupt Bitcoin’s security has become a hot topic. While the idea of advanced quantum computers breaking Bitcoin’s cryptography may sound alarming, many experts in the field believe these concerns are premature and often exaggerated. Key voices in cryptocurrency, such as Ki

December 22, 2024 3 mins read

Peter Schiff Proposes ‘USA Coin’ as Alternative to Strategic Bitcoin Reserve

Peter Schiff has again made his strong stance against the Strategic Bitcoin Reserve known. This time, the renowned economist has proposed an alternative that the US could adopt instead of implementing a Strategic Bitcoin Reserve. In an X post, Peter Schiff stated that the US could save a lot of

December 22, 2024 2 mins read

Bitcoin price surges to $99.5K in just hours after record ETF outflows

Bitcoin saw a price jump, gaining $7,000 in less than 24 hours. It bounced back from lows near $92,000 and came close to hitting $100,000, with a high of $99,500 on Bitstamp. This rise was mainly driven by strong buying on Coinbase, which helped push prices higher despite the lack

December 21, 2024 2 mins read

Nate Geraci Announces Submission of Nexo 7RCC Bitcoin and Carbon Credit ETF

The Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF is set to launch soon, following its S-1 amendment submission. Nate Geraci, President of The ETF Store, announced the development on December 21 via social media. This innovative ETF combines 80% Bitcoin and 20% carbon credit futures. It aims to

December 21, 2024 2 mins read

Social Media Buzz on ‘Buy the Dip’ Surges to 8 Month High as Bitcoin Dips

Social media discussions about “buying the dip” have surged to an eight-month high as Bitcoin’s price recently fell below $100,000. This decline sparked a wave of chatter among investors, with the social dominance score hitting its highest level since April. Despite the drop, search interest in crypto remains strong, signaling

December 20, 2024 2 mins read

El Salvador Buys 11 Bitcoin a Day After IMF Loan Deal

El Salvador has been purchasing 11 BTC for $1 million, a day after reaching a $1.4 billion loan agreement with the International Monetary Fund (IMF). This purchase adds to the country’s growing Bitcoin reserves, totalling nearly 6,000 BTC, valued at around $580 million. However, this move comes at a critical

December 20, 2024 2 mins read

London Court Sentences Craig Wright Over False Satoshi Claims

Craig Wright, an Australian computer scientist, has been sentenced to a one-year jail term suspended for two years by the High Court in London. Wright was found guilty of contempt of court for defying a previous order that barred him from pursuing legal claims related to his disputed identity as

December 20, 2024 2 mins read

El Salvador to Pull Back Bitcoin Efforts for a $1.4 Billion IMF Loan

El Salvador, the first country to adopt Bitcoin as a legal tender, agrees to limit Bitcoin-related activities in exchange for a $1.4 billion loan from the International Monetary Fund (IMF).  Recently, El Salvador obtained a staff-level agreement with the IMF for a 40-month Extended Fund Facility (EFF) arrangement, to support

December 19, 2024 2 mins read

Fed Rate Cut and Powell’s Statement Trigger Crypto Market Sell-Off

Today, the global crypto market is flooding with bloodbath as Bitcoin (BTC) has seen a major shake-up, dropping to the $98K zone. This downturn comes after Federal Reserve Chair Jerome Powell stated that the Fed is “not allowed to own Bitcoin” and ruled out any plans to change the laws

December 19, 2024 2 mins read