US Space Force Major Jason Lowery has made a bold assertion regarding Bitcoin, describing it as a potential weapon system and emphasizing its strategic importance for national security. Lowery, who is also a national defense fellow at MIT, has been vocal about the need for the US military to prioritize the investigation and integration of proof-of-work systems like […]
Cryptocurrency
Med tech stock Semler Scientific takes bitcoin play from MicroStrategy’s book, surges 37%
Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 […]
Healthcare tech company shares surge 27% after announcing plans to buy bitcoin with cash reserves
Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company’s shares rose by as much as 27%. Semler Scientific’s board of directors had “adopted bitcoin as its primary treasury reserve asset” and “purchased 581 bitcoins for an aggregate amount of $40 million, inclusive […]
Michael Saylor Says Ethereum ETF Is Good for Bitcoin, Here’s Reason
Michael Saylor made 360 degree turnaround, validates spot Ethereum ETF Michael Saylor, the Bitcoin bull chairman of MicroStrategy Inc, has unexpectedly made a bullish statement regarding spot Ethereum ETFs. Eight spot Ethereum ETF applications were greenlit by the United States Securities and Exchange Commission (SEC) last week. From criticism to growing supporter Earlier in May, […]
Bitcoin Spot ETFs Now Control Over 1 Million BTC
Over 1 million BTC are now held in custody by Bitcoin exchange-traded funds (ETFs) designed to track the asset’s price performance. More than 30 Bitcoin ETFs collectively owned 1,002,343 BTC as of May 24, according to a chart posted to Twitter on Monday by MicroStrategy executive chairman Michael Saylor. The data was verified by Decrypt […]
BTC price preps ‘most parabolic phase’ — 5 things to know in Bitcoin this week
Bitcoin starts a new week pressuring key resistance as the May monthly close looms. BTC price action is keeping bulls on their toes, as old all-time highs prove hard to flip to resistance. Can $69,000 fall by June? A quiet start to the week sees Memorial Day in the United States keep institutional activity off […]
Why is the $69,000 Bitcoin not out of danger yet?
Bitcoin recently crossed a crucial threshold by surpassing $69,000. This progression, supported by a series of positive news, comes after a prolonged period of consolidation. As the queen of cryptos seems to be gearing up for new bullish attempts, this recent rise raises questions about its sustainability and the accompanying risks. Bitcoin Bounces Back Bitcoin’s […]
3 Reasons to Buy Bitcoin Like There’s No Tomorrow
Bitcoin is just getting started and has plenty more upside to offer investors. As alluring as cryptocurrencies can be, they are risky. While the blockchain technology powering these assets is innovative and holds the potential to transform finance as we know it, their role in the future remains ambiguous and borderline obscure. Yet, there is […]
Spot Ethereum ETF approval ‘may be better for Bitcoin’ — Michael Saylor
MicroStrategy founder Michael Saylor has changed his tone on spot Ether exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin as well. “Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for […]
It’s Bitcoin Pizza Day: The Story Behind $700 Million In BTC Spent on One Dinner
Every year on May 22, the cryptocurrency community remembers and marvels at how one man paid for a pizza with bitcoin. While the story may sound benign and uninteresting at first glance, the details are completely shocking and have undoubtedly led to regrets for some involved. On May 22, 2010, Laszlo Hanyecz, a Florida resident, […]