Billionaire Michael Saylor famously pioneered large-scale corporate purchases of bitcoin (BTC), using borrowed money to turn his publicly traded software developer MicroStrategy (MSTR) into one of the world’s largest holders of the cryptocurrency. Now, another company – a surprising one – is following a similar strategy. It’s a bitcoin miner, a company that can theoretically snag […]
Cryptocurrency
Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online
Toncoin (TON) has trimmed some of its losses as the blockchain restarted after a nearly five-hour downtime. Though the downtime was partially blamed on the popularity of the DOGS airdrop, part of the Ton Foundation’s way to raise awareness of what it believes is the unjust arrest of Pavel Durov, it wasn’t a ‘dog day afternoon’ for the protocol’s native […]
Bitcoin miner sues to keep plant running
In a bid to block a regulatory order to close its Finger Lakes power plant used for bitcoin mining, Greenidge Generation LLC has filed suit against the state Department of Environmental Conservation. The DEC gave the company an early September deadline to shut down the Greenidge Generating Station in the town of Torrey, Yates County, […]
Bitcoin 3-year chart pattern nears breakout point as analyst expects 312% ROI
Bitcoin’s price is struggling to maintain bullish momentum despite moving above $62,000 for the first time in August. However, one analyst believes BTC is approaching a potential breakout that will result in six-figure prices. “Steepest kind of ascent” awaits Bitcoin in Q4 Gert van Lagen, an independent technical analyst, appears confident that the current price […]
Bitcoin rally helps create more than 84,000 new crypto millionaires in a year
The population of crypto millionaires in the world soared 95% over the past year, as bitcoin ETFs and other crypto assets climbed, according to a new report. There are now 172,300 individuals worldwide holding over $1 million in crypto assets, up from 88,200 last year, according to a report from New World Wealth and Henley […]
Bitcoin Flirts With $65,000 on Powell Pivot, Streak of ETF Flows
Bitcoin touched $65,000 for the first time in about three weeks, aided by reviving demand for dedicated US exchange-traded funds amid signs that the Federal Reserve is set to loosen monetary policy. The largest digital asset rose 1.2% to $65,030 on Monday before dipping back to $64,000 as of 1:35 p.m. in Singapore. The cryptocurrency […]
Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
The three spot Bitcoin exchange-traded funds (ETFs) in Hong Kong have surpassed HK$2 billion (around $272 million) in assets under management since launching earlier this year. The milestone comes just months after Hong Kong approved its first spot bitcoin ETFs, following similar moves in the U.S. and Europe. The ETFs provide exposure to Bitcoin prices […]
BTC price dip gone by September? 5 things to know in Bitcoin this week
Bitcoin heads into the August monthly close with a welcome recovery as BTC price action targets $65,000. The largest cryptocurrency has delivered a remarkable show of strength over the past week, and traders hope the good times will continue. A sideways weekend aside, Bitcoin is cementing its gains and is now up an impressive 40% […]
‘World’s Coolest Dictator’ Bukele Promotes El Salvador as Free Speech Haven
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure for exercising free speech, positioning the nation as a haven for […]
Should You Buy Bitcoin While It’s Less Than $65,000?
In the five years leading up to its all-time high, Bitcoin (CRYPTO: BTC) soared 1,760% in value. But since that peak was reached in March 2024, the price has come down about 13%. A quick 13% move might be a big deal for many stocks, but it looks kind of slow in the twitchy cryptocurrency […]
