Public Companies’ Bitcoin Holdings Surge to $20 Billion in One Year Recent data indicates that the total Bitcoin holdings among publicly traded firms have experienced significant growth, rising from $7.2 billion to an impressive $20 billion over the course of one year. According to data from Bitbo, there are currently 42 publicly listed companies holding […]
South Korean Crypto CEO Stabbed During Court Hearing in Fraud Case In a shocking incident, the CEO of a cryptocurrency company in South Korea was attacked during a court session in Seoul, marking a troubling escalation in physical violence related to the crypto industry. The target of the attack was Hugo Hyungsoo Lee, who heads […]
Bitfarms Takes Over 120 MW Mining Mega-Site in the United States Bitfarms has officially taken control of its first mega-site in the U.S., a major milestone that enhances its mining capabilities and power capacity. Overview of the New Site Bitfarms has recently assumed control of a new data center in Sharon, Pennsylvania, marking its debut […]
Bitwise Bitcoin ETF Set to Acquire $120 Million from Osprey Bitcoin Trust Pending the fulfillment of closing conditions, the Bitwise Bitcoin ETF is poised to acquire all Bitcoin held within the Osprey Bitcoin Trust. Details of the Acquisition The acquisition plan, announced on August 27 through a joint statement from Bitwise Asset Management and Osprey […]
Long-Term Bitcoin Holder Purchases Reach $10 Billion as Price Dips Below $60,000 The total amount of Bitcoin held by long-term holders has surpassed $10 billion, coinciding with a recent decline in its price, now below $60,000. Long-Term Holders Maintain Their Positions Analysts indicate that long-term Bitcoin holders have demonstrated resilience amid the ongoing price fluctuations. […]
Cryptocurrency Downturn: FET and AI Tokens on the Rise This week, while the broader cryptocurrency market experiences a decline, FET and various AI-related tokens are witnessing significant growth. The question arises: is this rally solely propelled by investor anticipation regarding Nvidia’s performance? Market Analysis Recently, price surges in the crypto sector have been short-lived, as […]
Bitcoin Loses Momentum Amidst Ongoing Market Downtrend Bitcoin’s recent upturn to $65,000 has diminished, even with the announcement from the US Federal Reserve regarding potential interest rate cuts in 2024. Over the weekend of August 24-25, Bitcoin (BTC) experienced a rise to $65,000, marking an extension of a three-week recovery from its low of $49,500 […]
CME Introduces Small Bitcoin Friday Futures for Retail Investors The Chicago Mercantile Exchange (CME) Group is set to roll out its new product, Bitcoin Friday futures (BFF), designed to cater to retail investors. According to an announcement made on August 27, these contracts are intended to meet the growing demand for cryptocurrency futures. Key Features […]
Nasdaq Pursues Approval for Bitcoin Index Options Options trading would provide institutional investors a mechanism to hedge risks while allowing traders to enhance their purchasing capabilities. Overview of Nasdaq’s Proposal Nasdaq, a prominent American stock exchange, is reportedly seeking regulatory approval to introduce options based on a Bitcoin index. On August 27, it was publicly […]
Bitcoin Price Warning: Potential Drop Below $60K Bitcoin (BTC) is once again under scrutiny as recent price movements indicate a potential struggle for bullish momentum after failing to overcome the $65,000 mark. Market Analysis Following a brief rebound, analysts are cautioning that BTC may face a “liquidation cascade,” with predictions of a drop toward the […]
