Key Insights: MicroStrategy now controls 214,400 Bitcoins, purchasing an additional 122 for $7.8 million as of April 2024. Q1 2024 saw MicroStrategy achieve a gross profit of $85.2 million, marking a 74.0% gross margin despite revenue decline. Despite operational losses, MicroStrategy continues its aggressive Bitcoin acquisition, reflecting confidence in its digital asset strategy. MicroStrategy, a … Read more
Key Insights: Hong Kong Securities and Futures Commission approves the first spot Bitcoin and Ethereum ETFs. Harvest Global will manage these ETFs via OSL Digital Securities, ensuring precise value reflection. Despite approvals, Mainland Chinese investors remain restricted from these cryptocurrency ETFs. Hong Kong has marked a significant milestone in the cryptocurrency sector by approving the … Read more
Key Insights: Bitcoin miners are escalating their sales, reaching a peak of 1,600 BTC transactions in late March, the highest since August 2023. The upcoming Bitcoin halving event in April 2024 will slash rewards from 6.25 to 3.125 BTC, impacting miner profitability. Despite the challenge of lower transaction fees, Bitcoin ETFs could stabilize market demand … Read more
Key Insights: The U.S. Government’s $2 billion Bitcoin transfer underlines strategic asset reallocation amidst crypto market volatility. With over 200,000 BTC, the U.S. remains a top Bitcoin holder, predominantly through seizure from illicit activities. Recent activity in U.S. government Bitcoin wallets signals potential market influences and strategic financial planning. The U.S. Government recently orchestrated a … Read more
Key Points: The London Stock Exchange’s initiative to introduce a market for Bitcoin ETNs signifies a significant step towards mainstream acceptance of cryptocurrencies in traditional financial markets. Prospective issuers must adhere to regulatory requirements and submit necessary documentation by April 15 to participate in the first day of trading on May 28, 2024. The approval … Read more
Key Insights: Strike Africa will now offer Bitcoin and Lightning services in Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia. The expansion includes local fiat on and off-ramps, cross-border payments, and business accounts tailored to African market needs. Strike aims to empower Africans with secure, fast, affordable financial solutions amidst economic challenges. Strike … Read more
Key Insights: Bitcoin’s market cap surpasses $1 trillion, driven by heightened demand fueled by U.S. spot bitcoin ETFs. Spot ETFs witnessed over $9.5 billion inflow, contributing to over 71% of new Bitcoin investments in the last two weeks. Investors eye the upcoming “halving” event in April, historically preceding Bitcoin’s attainment of new all-time highs. Bitcoin … Read more
The world’s biggest Cryptocurrency by market capitalization, Bitcoin, touched the $35,000 mark for the first time since May 2022, marking a spiked gain in the past 24 hours. Oct. 23rd saw BTC gaining more than 10% from $31,000 to over $34,000. Not too long after basking $34,000, Bitcoin touched as high as $35,300 according to … Read more
Bitcoin Price up 5% – What to Expect from ‘Uptober’ October early saw Bitcoin basking strong with a 5% increase to above $28,000. But the main question is, “Can Bitcoin hold this uptober momentum?” September was a month of mixed feelings for the world’s biggest cryptocurrency, Bitcoin. Bitcoin showed back and forward movements, making investors … Read more
Marieke Flament, CEO of Near Foundation and the developer of the community layer 1 protocol has resigned. Under Flament’s leadership, the Near Foundation’s treasury experienced substantial growth and expansion, reaching an impressive total of $350 million. Near Foundation CEO Resigns Based on the September 21 announcement, Chris Donovan, Near Foundation’s general counsel, will replace Flament … Read more
Optimism, a layer 2 scaling solution for Ethereum, has announced its plans to sell 116 million OP tokens in a series of sales to seven private buyers. These sales are aimed at raising funds to support further development of the network and to incentivize community participation. Starting today, there will be several transactions totaling approximately … Read more
In a tweet, Peckshield, a blockchain security firm announced that a dormant Bitcoin address containing 2,100 BTC, which is about $56.5 million at the current rate, has been reactivated. Without a doubt, the dormant Bitcoin address received a whopping $11.8 million worth of Bitcoin on Oct. 19, 2017, further fueling the already volatile market with … Read more
I’m sure you opened this because of the recent Bitcoin ETF filling trend and how many big financial firms are filling applications for a Bitcoin spot exchange-traded fund (ETF). For instance, the world’s largest asset management company, BlackRock, amongst other financial firms, has shown interest in the cryptocurrency sector by applying for a Bitcoin spot … Read more
Whales came in with good buying pressure in January and halted the long cryptocurrency winter, and the market has been bullish ever since. But things are about to change for Bitcoin. Let us discuss what may likely happen to the price of Bitcoin if this quarter fails to present strong buying pressure. Low Buying Pressure … Read more