Cryptocurrency

Bitcoin (CRYPTO: BTC) is having a moment. After starting 2024 off with a bang, the cryptocurrency delivered disappointing performance from March through September. Now, Bitcoin is reaching new heights after rocketing up nearly 80% in the last three months. Although the exact mechanisms of any run are never entirely clear, the recent rise in Bitcoin’s price appears […]

Treasury’s Bitcoin Remarks Ignite Conversations Among Enthusiasts On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the Treasury and the Office of Debt Management, includes a section titled “Trends in digit asset growth and usage.” It emphasizes ongoing efforts to harness blockchain and distributed ledger […]

O’Leary Ventures Chairman Kevin O’Leary says he may have a “new special friend” in Alberta Premier Danielle Smith after she dropped a shiny bitcoin “bomb” during her interview on “Varney & Co.” on Wednesday. When FOX Business host Stuart Varney asked the Canadian politician whether she knew if she was “killing the planet” by exporting […]

Bitcoin hit a big milestone: On Wednesday night, the digital currency’s price crossed the six-figure threshold for the first time. As of Friday morning, that number hovered around $99,000 according to CoinMetrics. Throughout the day on Thursday, though, the value rose as high as $103,844. Here’s how much a $1,000 investment in bitcoin made one, five or 10 […]

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […]

The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On […]

Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own any himself. In addition, he said the Fed’s role in regulating bitcoin and its competitors is limited. However, […]

Crypto stocks enjoyed a short-lived rally before reversing direction Thursday on the heels of a push from bitcoin (BTC-USD) to a record high above $100,000. That record was fueled by news from President-elect Donald Trump that he would nominate crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC). Bitcoin traded as high […]

This summer witnessed a major new plot twist in the Bitcoin saga. Originally conceived of as a revolutionary grass-roots alternative to established fiat currencies, including the US dollar, the twist has Bitcoin serving not to counter but to fortify the US dollar’s status as the world’s most popular exchange medium. Although it has somewhat earlier roots, the new […]

Next week, Dec. 10 will mark a key date for Microsoft and the Bitcoin community because the tech giant’s shareholders will vote on whether to add BTC to its balance sheet. The results will show whether shareholders are attracted by the current Bitcoin BTC$95,880 bull market or wish to stick to Microsoft’s pragmatic and profitable approach to […]