Federal Reserve Chair Jerome Powell has said the central bank does not intend to be involved in any government effort to stockpile and create a Bitcoin strategic reserve.

The Bitcoin price action in the past 24 hours saw it breaking below the $100,000 price mark again very briefly before breaking above it again. Particularly, Bitcoin's price action in the past 24 hours has been between $98,839.87 and $105,306, highlighting the potential corrections that could occur as the cryptocurrency continues to edge upwards.

With Bitcoin's (BTC) recent achievement of the $100,000 milestone, crypto once again demonstrated its unmatched ability to generate wealth. A recent report shows the pace of growth for Bitcoin millionaires compared to those who invest in stocks.

Hut 8 has strengthened its Bitcoin reserves by purchasing 990 BTC for $100 million, bringing its total holdings to over $1 billion amid growing institutional interest in cryptocurrency. The post Hut8 Acquires Additional 990 BTC to Increase Bitcoin Holdings to Over $1 Billion appeared first on Cryptonews.

Meanwhile Co-Founder and CEO Zac Townsend explains his company's model for Bitcoin-denominated life insurance

El Salvador's agreement with the IMF could shutter the country's state-backed Bitcoin wallet Chivo, but not its overall BTC support.

Michael Saylor, the executive chairman of MicroStrategy, remains as ambitious as ever. This is despite the fact that he has forfeited his voting rights.

Sarah Knafo, a member of the European Parliament, recently urged the EU to focus on creating a strategic Bitcoin reserve rather than adopting the European Central Bank's (ECB) proposed digital euro, a central bank digital currency (CBDC) currently in development.

A conversation on X (formerly Twitter) between Tesla CEO Elon Musk and MicroStrategy Chairman Michael Saylor has resurfaced four years later. Bitcoin historian Pete Rizzo brought attention to the Bitcoin-related chat in a recent tweet.

TL;DR MARA Holdings has acquired 15,574 BTC for $1.53 billion, raising its total holdings to 44,394 BTC, valued at $4.45 billion. The company follows a “HODL” strategy, holding all its acquired Bitcoin and betting on its growing importance in its business model. With a return of 60.

The Bitcoin-tied credit line was funded by a consortium of lenders, including Greengage and a “long-standing” US institution.

This year, the correlation between the cryptocurrency market and traditional finance is more entrenched than ever before. This was largely due to the introduction of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds, the arrival of BlackRock, VanEck, Fidelity and many other giant financial institutions to the market.

Bhutan is one of the largest sovereign holders of bitcoin. Hyla Fund's Paola Origel visits and finds a small landlocked country punching above its weight.

Bitcoin miners have been gobbling up millions of dollars worth of the world's largest cryptocurrency in an effort to shore up their reserves.

El Salvador plans to sell or discontinue its Chivo Bitcoin wallet after reaching a $1.4 billion loan deal with the IMF.

Leading Bitcoin miner Marathon Digital Holdings (MARA) purchased $1.53 billion worth of BTC on December 19, marking its second purchase this month.

The International Monetary Fund (IMF) reached an agreement with the government of El Salvador to provide a $1.4 billion credit facility to fund the country's reform agenda. In exchange, El Salvador agreed to scale back bitcoin's economic involvement to mitigate risks derived from its implementation. El Salvador to Receive $1.

Craig Wright, a computer scientist who fraudulently claimed to be the founder of Bitcoin was found to be in contempt of court by a London judge for breaching a series of court orders after he lost a critical lawsuit. In 2021, the nonprofit cryptocurrency group Cryptocurrency Open Patent Alliance (COPA), backed by Jack Dorsey, sued

The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.

Bitcoin experiences sharp price swings following FOMC news, highlighted by a $1.1 billion institutional outflow from Coinbase.

The Federal Reserve's hawkish tone for 2025 pressures crypto markets, cooling Bitcoin's rally while raising concerns over tighter liquidity and macroeconomic risks.

Bitcoin drops below $100,000 as the Federal Reserve's hawkish tone and profit-taking trigger a crypto market sell-off.

Hut 8 plans to leverage its Bitcoin reserves to fund large-scale growth initiatives in power and digital infrastructure.

Billionaire bitcoin investor Michael Saylor, co-founder of MicroStrategy, failed in a recent effort to convince Microsoft to hold crypto on its balance sheet.

Marathon Holdings restocked over $1.5 billion worth of Bitcoin using proceeds from its convertible note offering.

Rumors of UAE secretly holding a big bag of Bitcoin are spreading like wild fire. Though there is no solid evidence to back this news, social media especially X(previously Twitter) is heated with discussions of these rumors. According to the speculations,UAE holds between 300k to 400k Bitcoin.

It was a sea of red in the crypto industry as Bitcoin price dropped below $100,000 briefly and the crypto fear and greed index moved from the extreme greed zone of 88 to 69.

El Salvador's official digital bitcoin wallet Chivo will be sold or discontinued, an official said on Thursday, a day after the Central American country struck an agreement with the International Monetary Fund (IMF).

Michael Saylor, who founded MicroStrategy and spearheads it first as the CEO and now as an executive chairman, has published an important X post about Bitcoin spot ETFs.

Ilya Lichtenstein, who pleaded guilty to the 2016 Bitfinex hack and was sentenced to five years in prison, made his first public statement since his 2022 arrest. In a recent video on X, he admitted to being the hacker, and denied his father's or any spy agency's involvement. I have something to say#FreeRazzlekhan pic.twitter.

XRP and ETH are neck and neck in a race to pull capital away from Bitcoin as market sentiment grows risk-averse. But only one will seize the moment.

The Bitcoin market rallied a bit in the early hours of Thursday, as the market is trying to stabilize near the $100,000 level. In fact, we have seen the market gain $2,000 in this area, so it makes a lot of sense that the momentum returns.

Economic, regulatory, and security implications: how the Bitcoin community responds to the challenge of BlackRock

Metaplanet, a Japanese investment firm, is poised to report its first consolidated operating profit in seven years, following its strategic decision to add Bitcoin to its balance sheet just months ago.

MicroStrategy is reshaping its fundraising approach, with a focus on leveraging capital more strategically.

In a recent market dip, the United States publicly listed Bitcoin mining firms, Marathon Digital Holdings (MARA) and Hut 8 (HUT), made billion-dollar investments in BTC. On December 19, 2024, MARA Holdings and Hut 8 shared posts on X (formerly Twitter), announcing that they had purchased 15,574 BTC worth $1.

Bitfinex hacker, Ilya Lichtenstein, who pleaded guilty last year to the 2016 theft of 120,000 Bitcoin from the exchange, has made his first public statement since his arrest in 2022. In a five-minute video posted to X, Lichtenstein fully accepted responsibility for the hack, saying he had acted alone.

Bitcoin has been navigating through significant volatility, particularly following the recent U.S. elections. The cryptocurrency experienced a dramatic surge after Donald Trump's election win, but now, doubts are emerging regarding whether the rally is fueled by solid fundamentals or merely driven by optimism.

TL;DR Hut 8 acquired 990 BTC for $100 million, raising its strategic reserves to 10,096 BTC with a market value of $1 billion. The company plans to use its Bitcoin reserve for financial strategies and expansion projects, including infrastructure development and a more efficient mining fleet.

Bitcoin (BTC -2.56%) is back in the zeitgeist. For better or worse, the leading cryptocurrency is gaining popularity once again after seeing a massive price increase in 2024.

MARA Holdings has purchased 15,574 bitcoin worth $1.53 billion at approximately $98,529 per bitcoin using the proceeds from its zero-coupon convertible notes offerings. In November and December, the zero-coupon convertible notes generated $1.925 billion for MARA along with the repurchase of approximately $263 million in principal amount of its current convertible notes due in 2026.

Hut 8, a Bitcoin mining company, has added 990 Bitcoin to its reserves, spending $100 million to increase its total holdings to 10,096 BTC.

Bitcoin faced a sharp retrace yesterday, dropping 8% from its all-time high of $108,300 after the Federal Reserve announced a 25 basis point rate cut alongside a revised policy signaling fewer cuts in 2025. Despite the drop, Bitcoin managed to hold above $98,000, a critical liquidity level that analysts are closely monitoring.

An Australian computer scientist who falsely claimed he invented bitcoin was on Thursday found in contempt of court for bringing a 911 billion-pound ($1.2 trillion) lawsuit against Twitter founder Jack Dorsey's payments company Block in Britain.

The breakneck pace of spot-bitcoin exchange-traded fund inflows could soon see the world's largest cryptocurrency surpass gold in terms of total assets under management (AUM). Since being approved by the US Securities and Exchange Commission (SEC) this January, the spot-bitcoin ETF market has seen an absolute groundswell in demand.

Worried about bitcoin's pullback? Let me explain why this dip is nothing but a healthy pause in the bull run.

In return for a loan deal with the IMF, El Salvador had to give up some of its pro-bitcoin policies. It only made the Bitcoin law better.