The head of Switzerland’s central bank, Martin Schlegel, has shut down Bitcoin as a reserve currency. Since it is illiquid and extremely volatile. During an interview Saturday in Tamedia media group newspapers, Schlegel quoted that cryptocurrencies do not meet the most pressing requirements a healthy currency must fulfill. Swiss National
The head of the US SEC’s new crypto task force seemed to attribute the growth of fraud in the sector over the last several years to the policy created by the agency’s previous chair, Gary Gensler. This comes less than a day after the SEC officially dropped its action against
Bitcoin (BTC) is experiencing a tough time, dipping below $80K and recording an intraday low of $78,248.92. This significant drop was caused by a mix of political decisions, inflation, and an increase in tariff concerns. U.S. President Donald Trump’s recent announcements on the implementation of a 25% tariff on Mexico
Bitcoin miner Bitdeer purchased 50 additional Bitcoins today as the BTC price fell below the $80,000 level. Bitcoin is trading at $78,893 at press time with around 9% drop in the last 24 hours. Despite the price drop, proponents are supporting Bitcoin purchase at these lower price levels. Today, we
MetaMask has unveiled a major expansion, adding support for Bitcoin and Solana. The announcement at ETHDenver marks a shift from its Ethereum-exclusive model. These updates aim to unify digital asset management across multiple blockchains. MetaMask will introduce Bitcoin support in Q3 2025. Users can store, send, and swap BTC natively
Bitcoin has dropped below $80,000 for the first time in over three months, marking a sharp reversal from its post-election rally. The decline comes amid macroeconomic uncertainty and concerns over U.S. President Donald Trump’s proposed tariffs. Bitcoin is trading at $80,050, rebounding slightly after hitting a low of $78,984.63. The
BlackRock’s iShares Bitcoin Trust (IBIT) saw $420 million in withdrawals on February 26, marking its largest single-day outflow to date. Investors pulled 5,000 BTC, surpassing the $332 million outflow recorded on January 2. As Bitcoin’s price dropped to $86,263, the broader market also showed signs of uncertainty. The sell-off extended
GameStop reviews Bitcoin as a major investment opportunity after Strive Asset Management made its recommendation. The company faces an ongoing challenge to improve shareholder value because it possessed $4.6 billion in cash during Q3 2024. Strive CEO Matt Cole recommended that GameStop allocate its cash to Bitcoin, aligning with trends
Bitcoin is one of its kind global assets that gained traction steadily over the years. When it was first introduced in 2009 by an anonymous person named “Satoshi Nakamoto,” only tech geeks knew about it. What started as an experiment years back has now become a powerful force that could
The cryptocurrency is currently experiencing a sharp decline, with Bitcoin dropping below $88,000, causing over $1.5 billion in liquidations. Other major tokens have also been affected; Ethereum, the second largest crypto, remains stagnant below a $2,500 recovery. Overlooking this heavy downturn, Binance CEO Richard Teng dismissed concerns of a lasting
