Michael Saylor and Eric Trump defended Bitcoin after criticism from former UK Prime Minister Boris Johnson. Johnson wrote in a column that Bitcoin and other cryptocurrencies resemble “a giant Ponzi scheme.” He argued that the value of cryptocurrencies relies heavily on continuous demand from new investors entering markets. Johnson wrote,
Anthony Scaramucci predicted that Bitcoin could eventually reach $1.5 million per coin within the next fifteen years. The founder of SkyBridge Capital shared this outlook during an appearance on the PBD Podcast discussing Bitcoin’s long-term future. Scaramucci said Bitcoin remains his largest investment position and confirmed he recently increased his
The Wintermute said cryptocurrency miners must actively use their digital assets to survive tightening industry economics today. According to the firm, mining profitability is declining, causing miners to seek alternative revenue streams in the cryptocurrency markets. Mining companies invested in infrastructure in regions where they could source power at a
Japanese cryptocurrency company Metaplanet has announced that it is launching a venture capital firm to help expand the Bitcoin ecosystem. The announcement was made through a document that was submitted to the Tokyo Stock Exchange on March eleven. The company has stated that it is launching a venture capital firm
India’s Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co‑founder and Chief Technology Officer of Darwin Labs Private Limited, in connection with the alleged GainBitcoin cryptocurrency fraud, officials said on Wednesday. The alleged scam is now estimated to be worth at least ₹20,000 crore and is believed to involve
South Korea’s largest cryptocurrency exchange, Upbit, announced new trading support for Internet Computer across several markets. The exchange confirmed that traders will access ICP through Korean won, Bitcoin, and Tether trading pairs on the platform. According to the official notice, Upbit will support deposits and withdrawals through the Internet Computer
Bitcoin (BTC), the largest and dominant asset in the crypto market, is currently in the extreme fear zone, with the Fear and Greed Index at 13. It has recorded a 4.74% gain, currently trading within the $70,848 range. Notably, BTC’s daily trading volume has soared by over 19.78% to the
The Bhutan Government has been gradually reducing its Bitcoin holdings since the start of the year, which has transferred BTC worth beyond $11 million on Monday, as part of the ongoing management of its state-backed crypto reserves amid recovering Bitcoin prices. On March 9, the on-chain intelligence platform Arkham Intel
Strategy may be preparing for its 101st Bitcoin purchase, as hinted by co-founder Michael Saylor in a cryptic post. As is mostly the case with Saylor’s posts, he shared Strategy’s Bitcoin accumulation charts, which trace the firm’s buying since it initially started purchasing the asset in August 2020. Saylor also
Bitcoin (BTC) slipped after the last week’s brief rally, as a surge in oil prices influenced Asian equity markets on March 9. In the last 24 hours, the price slipped around 1.87% and stood at $66,010. It also showed a 10% drop from the latest peak of $73,500 noted on
