Cryptocurrency

Metaplanet, a publicly traded Japanese company, has purchased another ¥500 million ($3.7 million) worth of bitcoin. This latest buy comes after the firm secured a ¥1 billion loan last week to acquire Bitcoin. Metaplanet bought 57.273 bitcoins at an average price of ¥8.73 million per bitcoin. This brings its total Bitcoin holdings to 360.368 bitcoins […]

Benjamin Cowen, founder of Into The Cryptoverse, doubts that Bitcoin (BTC)’s market dominance will return to its December 2020 levels, before the asset’s price surged dramatically. Cowen stated, “I don’t think it is going back up to 70%; my target for Bitcoin dominance has been 60%.” Currently, Bitcoin dominance stands at 57.36%, a rise of 4.25% since […]

A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far. Bitcoin’s supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining subsidy […]

The Japanese yen (JPY) is rallying against the U.S. dollar (USD), outperforming other fiat currencies in a redux of early August market action that was characterized by sharp losses in global stock markets and bitcoin (BTC). Since late Thursday, the yen has strengthened 2.4% to 145 per dollar, aborting a weakening bounce from the Aug. 5 […]

New research from VanEck reveals that Bitcoin (BTC) miners are shifting to artificial intelligence (AI) and high-performance computing. In a thread on the social media platform X, Matthew Sigel, the head of digital assets research at VanEck, says that BTC miners are utilizing technology to earn profits through strategic arbitrage. According to VanEck, AI projects […]

A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think it is going back up to 70%, my target for Bitcoin dominance has been 60%,” Into The Cryptoverse founder Benjamin Cowen explained in an interview on The […]

The important $60,000 barrier has been crossed by Bitcoin (BTC) once more, but the market is still cautious with significant resistance to this rally in the near future. BTC was trading just above the 200 EMA at $59,548 after a brief spike above $60,000 that was followed by a wave of selling pressure that swiftly […]

Bitcoin is officially back in the accumulation phase, the latest data shows, as analysts eye an imminent price breakout. Could this help Bitcoin price recover above $66,000 by September? Bitcoin long-term holders are accumulating again Bitcoin’s long-term holder accumulation rate has reached a 15-month high, according to popular analyst On-Chain College, who wrote in an Aug. […]

Bitcoin’s millionaire-making abilities might just be getting started. Over the course of its 15-year history, Bitcoin (BTC 1.40%) has made plenty of millionaires. In fact, thanks to the open-source nature of blockchains, we can see that there are roughly 108,000 wallets with more than $1 million worth of Bitcoin. Considering that Bitcoin has risen more […]

When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million in assets […]