Crypto industry heavyweight MicroStrategy led by Michael Saylor has now announced plans to raise an astounding $525 million via the issuance of convertible senior notes. This strategic decision comes only weeks after the firm attempted to increase the sale of its notes to $700 million. This massive boost demonstrates MicroStrategy’s
After soaring to new heights, Bitcoin’s (BTC) bullish momentum has hit a snag as the cryptocurrency experiences a significant pullback. Following its record-breaking peak of $73,750 on March 14, Bitcoin displayed a sharp decline, plunging to $65,630, marking a 12.3% drop. The sudden decline in Bitcoin’s price has resulted in
A number of spot Bitcoin exchange-traded funds (ETFs) that received SEC approval in January have got a major boost thanks to the inclusion of trading support from wealth management company Cetera. The new update, which Cetera announced on Thursday, allows brokerage accounts to invest in spot Bitcoin ETFs. A total
In a verdict handed out by British judge James Mellor on March 14, BitMEX Research revealed that Craig Wright was found not to be Satoshi Nakamoto, the anonymous developer of the Bitcoin network. In the case filed by the Crypto Open Patent Alliance (COPA) against Wright, an Australian computer scientist
Judgment against Craig Wright, who claims to have created Bitcoin, has been handed out by UK judge James Mellor, who has made an expected ruling. Now that the court has ruled that Wright is neither Satoshi Nakamoto, the inventor of the Bitcoin code, or the author of the BTC whitepaper,
A prominent Bitcoin opponent, gold advocate Peter Schiff, now says he wishes he had purchased Bitcoin (BTC) in 2010, when a coworker first introduced him to the cryptocurrency. While speaking on March 13th with Raoul Pal, co-founder and CEO of Real Vision, Schiff intimated that he missed the early Bitcoin
After deciding to eliminate fees for the first $1.5 billion in assets until March of next year, the VanEck Bitcoin exchange-traded fund (ETF) saw an influx of investments reaching $200 million. Rising investor appetite for Bitcoin exposure is fueling fierce competition in the crypto ETF industry, which is why this
Bitcoin has once again captured the attention of investors as it surged to a new all-time high above the $73,000 mark. However, its ascent faced resistance, leading to a pullback below $70,000. Despite the setback, Bitcoin has managed to maintain stability above the $70,000 level, supported by positive market sentiment.
The statements made by Jamie Dimon, CEO of JPMorgan, about Bitcoin in an interview with CNBC were widely reported. Even though Dimon has always been a vocal opponent of cryptocurrencies, his most recent remarks have ignited debates in the financial industry. He showed some subtlety in his position on the
In order to introduce their new investment product, the Grayscale Bitcoin Mini Trust, Grayscale Investments has officially filed with the U.S SEC. The present Grayscale Bitcoin Trust (GBTC) oversees assets worth around $28 billion; this change gives investors a cheaper fee structure. Grayscale Bitcoin Mini Trust is an investing product
