The world’s second-largest corporate holder of Bitcoin, MARA, also known as Marathon Digital Holdings, has lent out around 16% of its treasury. In a production and mining operation update released on Jan. 3, the firm revealed that 7,377 BTC, worth around $730 million at current prices, has been “temporarily loaned to third parties.” Its total […]
Bitcoin’s price recovered from the most substantial declines earlier this week that drove it to a monthly low but still struggles to return to six-digit territory. With the weekly close just hours away, here are the potential risks the cryptocurrency faces if it remains under this coveted level. BTC to Close Below $100K? The last […]
For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for […]
The Swiss Federal Chancellery registered a new initiative on December 31, proposing that the Swiss National Bank hold Bitcoin as part of its reserves, potentially setting the stage for a public referendum. The initiative, spearheaded by a group of 10 Bitcoin advocates, including Giw Zanganeh, who happens to be Tether’s vice president of energy and […]
The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the “MicroStrategy of Japan” for its voracious Bitcoin purchases. In an interview at Michael Saylor’s New Year’s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to […]
The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the “MicroStrategy of Japan” for its voracious Bitcoin purchases. In an interview at Michael Saylor’s New Year’s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to […]
According to CryptoQuant’s latest data, Binance has reached a new milestone in its stablecoin reserves as it hit an all-time high of $31 billion recently. This marks a significant recovery and growth, as the reserves stood at just $7 billion in June 2023. Therefore, the latest figure reflects a nearly fivefold increase over six months. […]
Hong Kong may soon join the list of countries leveraging bitcoin (BTC) as a store of value and a hedge against inflation by establishing the cryptocurrency as a fiscal reserve asset. According to a report from local media, Wen Wei Po, Wu Jiexhuang, a member of the Hong Kong legislative council, has proposed incorporating BTC […]
The incoming second Donald Trump administration has extensive plans to cement US leadership in developing blockchain cryptocurrencies and delivering their products to markets. Meanwhile, Russia is using Bitcoin to conduct commerce outside the traditional finance channels in the face of international sanctions. While these developments certainly bear strategic adversarial overtones, the way Bitcoin changes the […]
The prominent crypto exchange-traded fund (ETF) issuer has proposed a new product called the Bitcoin Standard Corporations ETF, which aims to invest in publicly traded companies that adhere to a “Bitcoin standard,” holding at least 1,000 BTC in their corporate treasuries. The ETF will focus on firms with a market capitalization of at least $100 […]