Tag: Cryptocurrency
Deutsche Telekom Plans Bitcoin Mining Expansion
Bitcoin mining could be getting a big new player soon: Deutsche Telekom, the parent company of T-Mobile, one of the largest telcos in the United States. During the BTC Prague conference last week, Dirk...
Bitcoin Price Surge: Retail Investors Driving Growth – Will It Rebound?
Bitcoin, the world's leading cryptocurrency, has experienced a recent price decline, falling below the $60,000 mark. This downward trend has continued over the past month, with Bitcoin losing nearly 10% of its value. Despite...
Metaplanet Purchases 42,466 BTC: A Game-Changing Move – CoinJournal
Metaplanet, a Japanese firm, has made a significant move in the cryptocurrency space by purchasing 42,466 BTC, equivalent to $2.5 million. This purchase has increased Metaplanet's total Bitcoin holdings to an impressive 203,734 BTC,...
Unpacking the $7 Billion Drop in Bitcoin’s Open Interest
Bitcoin's open interest has recently taken a hit, dropping by $7 billion in just one month. This decline in notional open interest has coincided with a 14% decrease in the price of Bitcoin in...
Brian Armstrong endorses Hester Peirce for SEC Chair: A Boost for Crypto Regulatory Clarity
Coinbase CEO Brian Armstrong recently expressed his strong support for the appointment of Hester Peirce as the new Securities and Exchange Commissioner (SEC) during President Donald Trump's second term. Armstrong praised Peirce's intelligence, fairness,...
Coinbase Urges Banks to Avoid Offering Basic Bitcoin Services: Unredacted FDIC Letters
Coinbase Reveals Unredacted FDIC Letters Urging Banks to Avoid Basic Bitcoin ServicesIn a recent development, Coinbase's chief legal officer, Paul Grewal, has shared unredacted letters from the Federal Deposit Insurance Corporation (FDIC) urging banks...
Bitcoin ETFs Surpass Satoshi Nakamoto’s Holdings in Less Than a Year
Bitcoin ETFs Surpass Satoshi Nakamoto's Holdings in Less Than a YearUS Bitcoin exchange-traded funds (ETFs) have achieved a remarkable feat in a short span of time by surpassing the BTC holdings of Satoshi Nakamoto,...
Bitcoin’s Potential as Global Reserve Currency Amid Inflationary Pressure
US billionaire Mark Cuban believes that Bitcoin has the potential to become a global reserve currency amidst inflationary pressure and geopolitical uncertainty. Cuban, who supports Joe Biden for re-election, stated that factors such as...
Bitcoin Price Drops Below $59K with $230M Crypto Liquidations
Bitcoin's price recently fell below $59,000 due to concerns about potential sell pressure from Mt. Gox repayments and potential miner sales. This drop also affected other major cryptocurrencies such as ether and Solana's SOL....
Bitcoin’s Profitability: 97.9% Success Rate on 4,954 Days
Bitcoin has been proving its profitability over and over again since its inception, with a success rate of 97.9% on 4,954 trading days. This statistic, based on Glassnode data, showcases the consistent upward trend...
