TL;DR Babylon Chain has surpassed $3.7 billion in Bitcoin deposits, reaching a total of 36,100 BTC from nearly 88,000 unique users. In just 48 hours, the platform recorded deposits of over $1.2 billion, with a marked increase in the number of unique depositors, from 48,000 to 62,000.
Starboard is reportedly pushing the miner to convert some of its mining sites into data centers.
President-elect Trump strongly supported cryptocurrency during a visit to the New York Stock Exchange.
The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union's efforts to improve working conditions and emergency response capabilities for firefighters in Kenya.
The idea of public companies holding bitcoin on their balance sheets is gaining renewed traction.
The Wall Street firm said its reasonable for investors to put a small portion of their portfolio into bitcoin.
BlackRock recommended a Bitcoin allocation size for the first time, likening the digital asset to Wall Street's “magnificent 7”.
Bybit and analytics firm Block Scholes released a derivatives market report indicating mixed signals for Ethereum and Bitcoin. The report highlights a decline in Ethereum's (ETH) perpetual open interest, primarily due to the liquidation of overleveraged long positions.
Bitcoin consolidates above $101K, testing $102K resistance. RSI and 50 EMA signal bullish momentum. Will BTC rally to $105K or face support at $99,750? The post Bitcoin Price on Track for New Highs? Saylor Calls BTC the Ultimate “Wealth” Game appeared first on Cryptonews.
Citi Wealth strategists argue that stablecoins are reinforcing the U.S. dollar's global dominance, while challenging the idea that Bitcoin could someday replace the dollar as the leading global currency.
Bitcoin (BTC) again retested the $100,000 mark, driven by renewed optimism surrounding potential Federal Reserve interest-rate cuts.
Michael Saylor, co-founder and the executive chairman of the MicroStrategy giant, has addressed the Bitcoin community regarding the role of Bitcoin in the money evolution.
The world's largest asset manager, BlackRock Inc. (NASDAQ; BLK), suggests that Bitcoin (CRYPTO: BTC) could hold a place in multi-asset portfolios, albeit within a narrow range. Quoting a report from the BlackRock Investment Institute, Bloomberg reported that allocating 1% to 2% of a portfolio to Bitcoin would produce a risk profile comparable to investing in the “Magnificent Seven” technology stocks within a traditional 60/40 portfolio of equities and bonds.
Ray Dalio is the Founder of Bridgewater Associates, where he serves as a CIO Mentor and remains an active member of the firm's board.
According to a paper released Dec. 12, BlackRock suggests that a 1% to 2% Bitcoin allocation in multi-asset portfolios matches the risk levels found in portfolios holding technology stocks. The asset manager, which oversees trillions of dollars, frames this range as a strategic starting point for investors seeking diverse sources of risk.
Alipay, China's largest payment platform, displayed new advertisements promoting spot Bitcoin ETFs with a minimum investment of 10 yuan ($1.40).
58,000 users' personal data was potentially compromised in Byte Federal data breach. Byte Federal Suffers Data Breach Byte Federal, one of the largest bitcoin ATM providers in the U.S. has disclosed a data breach impacting approximately 58,000 users.
The Bitcoin market continues to see a lot of resistance above, extending all the way to the $104,000 region. At this point in time, the market is likely to continue to overall consolidation that we have been in for some time.
Bitcoin miners have reached a monumental milestone, earning a cumulative $71.49 billion, according to Glassnode.
Byte Federal noted that the hackers accessed personal information including name, address, phone number, email, government-issued ID, social security number, transaction activity, and photographs of users.
In the latest episode of Galaxy Research‘s "Galaxy Brains" podcast, MicroStrategy (NASDAQ:MSTR) executive chairman Michael Saylor reflected on Bitcoin's (CRYPTO: BTC) historic rise to $100,000 and what it means for the future of digital assets. What Happened: Calling it a "numeric punctuation" and predicting that “it will be embraced,” Saylor framed the milestone as proof of Bitcoin's permanence and its maturation into a cornerstone of the financial landscape.
The world's largest asset manager, BlackRock, has made a compelling case for Bitcoin. The asset manager asserted that the flagship crypto shares a similar risk profile to the magnificent seven stocks and recommended that investors allocate up to 2% to BTC.
Australia's pension fund AMP has become the first major superannuation fund to buy into crypto by purchasing Bitcoin worth $27 million. The asset class previously barred for high volatility by big fund managers has now ignited FOMO as BTC price surpassed the $100K milestone after Donald Trump's win in the U.S. presidential election.
A leaked proposal to Russian finance minister, Anton Siluanov on the creation of a bitcoin strategic reserve in Russia, is adding to speculation about an imminent Bitcoin Space Race between the two global superpowers. This, after President-elect Donald Trump pledged to establish his own Strategic Bitcoin Reserve in the US, even suggesting part of the US debt “could be “paid off” with Bitcoin.
Australia's largest super fund, AMP, has invested $27 million of its portfolio in Bitcoin, making it the first major fund to venture into the cryptocurrency market. AMP's decision to enter into the digital asset sector comes despite the critical view from many quarters.
For the average Joe and Jane the current speed of currency debasement is going to have a major impact on their current and future wealth and savings, unless they do something about it. Could an investment into Bitcoin save them?
Investors are caught in a tug-of-war, balancing potential and risk as they await key developments.
U.S. spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) enjoyed a positive momentum on Wednesday. BTC-focused ETFs brought in $223.03 million, while their ETH counterparts saw inflows of $102.03 million. Bitcoin and Ether ETFs Continue to Rally On Wednesday, the 12 U.S. spot bitcoin (BTC) exchange-traded funds (ETFs) collectively attracted $223.
The anticipation of a significant 2025 bull run keeps the cryptocurrency market highly geared up.
Babylon Chain has seen $1.2 billion worth of Bitcoin deposits in 48 hours.
Bitcoin's price prospects look promising after its recent notable upside momentum above the $100,000 pivotal milestone. This prompts a broader bullish outlook for the cryptocurrency asset to surge significantly in the upcoming weeks to unprecedented levels as the market gradually regains its uptrend.
New research from the world's largest asset manager argues that Bitcoin offers unique benefits as a portfolio diversifier while sharing a similar risk profile to S&P 500 juggernauts like Google, Amazon, Meta and Apple.
Bitcoin (BTC) price reached the $100,000 milestone for the first time on December 4 and is up 128% in 2024. Despite this strong performance, BTC's ADX of 15.8 suggests the current uptrend lacks significant strength, hinting at limited momentum behind recent price movements.
HTX, a leading global crypto exchange, made its presence as a sponsor at Bitcoin MENA 2024 in Abu Dhabi, held on December 9-10 (UTC).
Bitcoin is expected to bolster Vancouver's finances and act as a hedge against inflation.
Bitcoin (BTC) has been riding a significant wave of bullish momentum recently, with prices hitting new highs. As a result, many long-term Bitcoin holders (LTHs) are taking advantage of this rally by cashing out their holdings, realizing impressive gains of about 326%.
The Kenya National Fire Brigades Association has become the first labor union in the country, and potentially in Africa, to adopt a Bitcoin reserve.
Thomas Peterffy advised a 2%-3% Bitcoin allocation and warned that excessive exposure and volatility could endanger portfolios.
Bitcoin price today trades at on after hitting a daily high of today after a % move on . Bitcoin Price Today: BTC's Bullish Comeback Regardless of the recent market crashes Bitcoin price today is up % and trades at.
AMP's Bitcoin investment signals a shift in super funds' approach, potentially influencing broader institutional adoption despite existing skepticism. The post Australia's big super fund allocates $27 million to Bitcoin: report appeared first on Crypto Briefing.
With Bitcoin ($BTC) still tracking around the $100,000 level, the world is preparing for the next huge stage of Bitcoin adoption. As massive institutions and sovereign countries climb aboard, the adoption curve is about to get a lot steeper.
Byte Federal, a prominent US-based Bitcoin ATM operator with over 1,200 machines nationwide, has suffered a significant data breach, compromising the sensitive information of approximately 58,000 customers. The post Bitcoin ATM Operator Byte Federal Reports Data Breach Affecting 58,000 Users appeared first on Cryptonews.
Only 0.55% of Microsoft shareholders supported investing 1% of assets in Bitcoin, showing strong skepticism. Microsoft's board opposed Bitcoin investments, citing its volatility and prioritizing stable financial strategies.
Huabao Overseas Technology C, a tech company offering Chinese investors indirect exposure to Bitcoin, has reportedly launched an advertisement promoting Bitcoin ETFs. The post Chinese Investors Offered Indirect Bitcoin Access Through Alipay Campaigns appeared first on Cryptonews.
2024 has been a great year for Bitcoin (BTC), doubling its 15-year capitalization and adding hundreds of billions of dollars. Following the institutional investors' leadership, retail is back to Bitcoin as BTC surpasses the $100,000 psychological price resistance.
A widely followed crypto analyst says that Bitcoin (BTC) is unlikely to print the same gains it did during the last market cycle.