Bitcoin continues to trade in a range that it has set since mid-November.
TL;DR Strategic Reserve Proposal: Several U.S. states are considering a strategic Bitcoin reserve, potentially investing up to $23 billion in Bitcoin to diversify portfolios and hedge against inflation. State-Level Legislation: Arizona, Utah, and Illinois are leading the charge with approved or proposed legislation allowing significant public fund investments in digital assets like Bitcoin.
Bitcoin (BTC) to $1 million? Sounds wild, but Samson Mow has mapped out six ways it could happen.
The Japanese firm raised $25.9M via zero-interest bonds to expand its Bitcoin holdings, aiming for 21,000 BTC by 2026.
Riot Platforms is exploring AI and HPC partnerships to diversify revenue streams amid declining Bitcoin transactions, appointing new board members with expertise in relevant fields. The post Riot Platforms Explores AI Revenue Amid Bitcoin Transaction Slump appeared first on Cryptonews.
Momentum for a Fed audit is building, driven by social media support for Ron Paul to spearhead the effort and an endorsement from Elon Musk.
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"Whatever Bitcoin does tomorrow, most altcoins will simply follow that," one popular analyst assumed.
The changes come amid the Bitcoin miner's continued evaluation of AI and high-performance computing use cases.
According to the latest data from the analysis platform Santiment, XRP is experiencing significant growth in its network, marked by a notable increase in the number of active wallets. This positive trend sharply contrasts with the situation of Bitcoin, which has lost over 277,240 active wallets in the past three weeks.
An illegal Bitcoin mining operation was discovered in a house in Malaysia, adding to the toll on the country's power grid and contributing to the trend in electricity theft driven by illicit crypto mining activities. On Feb.
Here's how U.S. state-led BTC reserve bills could impact BTC markets
The SPDR S&P 500 ETF Trust (NYSE:SPY) is the world's largest and arguably the most popular exchange-traded fund, with a whopping $630 billion in assets under management. What happened: Launched in Jan. 1993, the SPY was also the first ETF to list on U.S.-based exchanges.
The Israeli Securities Authority (ISA) approved six Bitcoin ($BTC) mutual funds, managed by local firms Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. $BTC mutual funds are different from exchange-traded funds (ETFs) launched in the US in 2024.
JPMorgan analysts estimate that only 66%–83% of Tether's reserves comply with proposed U.S. stablecoin regulations, potentially requiring asset restructuring.
Bitcoin has faced challenges in breaking above the $100,000 level this month, showing volatility as it struggles to close above this critical threshold.
Japanese Bitcoin investment firm Metaplanet has secured $26 million (4 billion yen) through the issuance of zero-interest, unsecured, and unguaranteed bonds, according to a Feb. 13 statement. The company intends to use the proceeds to strengthen its Bitcoin reserves as part of its broader financial strategy.
It seems like any time the doubters claim that Bitcoin (BTC 0.20%) is dead, it simply bounces back to reach fresh all-time highs. This leading digital asset has soared in the past few years, but in the past seven weeks, it's been trading around the $100,000 level.
Bitcoin has recently faced some turbulence, with the price dipping by 2.55% over the past 24 hours, leaving many investors questioning whether the cryptocurrency can reclaim its upward trajectory. As of this writing, Bitcoin was trading at approximately $95,936, marking a 1.56% decline on the weekly charts.
An explosion in Lorong Cakera, Purnama, led to the discovery of an illegal Bitcoin mining setup in Malaysia. A local reported the smoke to the Sungai Buloh district police headquarters.
U.S. states are actively considering major shifts in how they allocate public funds, with several legislative proposals focused on incorporating Bitcoin into state budgets.
BNB is the top performer from the larger-cap alts today alongside SUI.
Bitcoin is holding firm while ERC-20 altcoins struggle. Will BTC continue to dominate, or is there a shift on the horizon?
Bitcoin's recent performance has left the market in a state of uncertainty. Trading below the $100,000 mark for days now, the cryptocurrency seems to be grappling with a lack of upward momentum.
Bitcoin eyes a breakout toward $133K as “stealth QE” from TGA drawdowns injects liquidity. Altcoin market cap faces key resistance at $1.28T—will it break higher?
A house explosion in Malaysia led authorities to discover an illegal Bitcoin mining operation with nine rigs powered by stolen electricity
Japanese firm Metaplanet has secured inclusion in the MSCI Japan Index following a successful transformation into a Bitcoin treasury company, marked by a 3,600% stock price increase and expansion to 1,762 BTC holdings.
Bitcoin hits cycle peaks once whales cool exchange flows — and signs are favoring a repeat of the pattern in 2025.
KULR Technology Group has expanded its Bitcoin holdings to 610.3 BTC worth $60 million through three separate purchases since December 2024
Wyoming Highway Patrol Association has launched an initiative dubbed “Get Off Zero,” to hold Bitcoin on its balance sheet. The post US First Law Enforcement Association to Hold Bitcoin on Balance Sheet appeared first on Cryptonews.
A VanEck analysis reveals that about twenty U.S. states are considering acquiring reserves in bitcoin, for a potential amount of 23 billion dollars. This initiative could lead to the purchase of 247,000 BTC if the bills are adopted.
US CBP has conducted an enforcement action to seize Bitcoin mining application-specific integrated circuits (ASICs) at US port entry points after receiving direction from the FCC.
On-chain data shows Bitcoin is currently retesting an important support level. Here's where the next important line lies, should this level fail.
The on-chain analytics firm Glassnode has revealed how the Bitcoin holders realized a large amount of losses during BTC's trip to $93,000. Bitcoin Realized Loss Registered A $520 Million Spike Recently In its latest weekly report, Glassnode has talked about the recent trend in Realized Loss for Bitcoin.
Bitcoin price hovers near $97K as institutions invest $2.05B in BTC ETFs. Will this trigger a breakout or more sideways action? The post Bitcoin Price Stuck at $97K While Institutions Drop $2.05B – Big Move Ahead? appeared first on Cryptonews.
Metaplanet, popular as Japan's MicroStrategy announced that it has completed raising 4 billion Yen via the issuance of 0% unsecured, unaltered, ordinary bonds. The company plans to use all of this capital raised to increase its Bitcoin holdings towards its targeted goal of having 21,000 BTC in the company's Treasury by the end of 2026.
Metaplanet completes a 0% raise the terms are unsecured, unguaranteed ordinary bonds to purchase more bitcoin.
Bitcoin miner Riot Platforms is exploring revenue diversification into AI and HPC, joining the growing trend of miners adapting their infrastructure for AI applications as Bitcoin network transactions hover at 12-months low. On Feb.
Plume partners with Mercado Bitcoin to tokenize assets, enhancing investment access, funding opportunities, and blockchain adoption in Brazil's financial sector.
Previously, Metaplanet announced strategic investments from Strategy-backed shareholders led by Capital Group and Norges Bank from Norway.
While some asset managers have reduced their exposures, BlackRock has purchased $50 million in Bitcoin.
Binance Coin (BNB) has experienced strong gains despite a downturn in the broader crypto market.
The estimate of the asset manager is based on the legislative proposals of as many as 20 countries.
According to analytics platform Santiment, XRP continues to see its network grow with more wallets. The same applies to Ethereum, the second most popular blockchain network.
Texas lawmakers have reintroduced a bill aimed at establishing a state-run Bitcoin reserve, this time broadening its scope to include other digital assets that meet specific criteria. The post Texas Lawmakers Refile Bitcoin Reserve Bill, Expanding Scope to Include Other Cryptos appeared first on Cryptonews.
Bitcoin has experienced a quiet weekend following the massive volatility it faced last week. The price closed around the $96,500 mark for five consecutive days and has ranged between $95K and $98K in the past hours, signaling a lack of clear direction in the short term.
Malaysian police have uncovered an illegal Bitcoin mining following an explosion caused by illegal energy consumption. The post Illegal Bitcoin Mining Setup Causes Explosion in Malaysia, Police Find Mining Rigs, Blower Fans appeared first on Cryptonews.