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news-imageFebruary 19, 2025

Coinbase Launches Proof of Reserves for cbBTC Bitcoin Wrapper

In response to mounting concerns over transparency, Coinbase has unveiled a Proof of Reserves (PoR) for its wrapped Bitcoin token, cbBTC.
Publisher: BeInCrypto
Sentiment: Positive
BTC

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Positive
cover-imageNewsBTC
February 21, 2025

Gamestop CEO Fuels Bitcoin Speculation: $4.6 Billion Buy Incoming?

In a development that has reignited speculation within the Bitcoin community, GameStop CEO Ryan Cohen has, for the first time in nearly four years, followed a second account on X. Until now, Cohen exclusively followed the official GameStop handle, but as of today, he has added Bitcoin Magazine to his follow list.

Positive
cover-imageBenzinga
February 20, 2025

Bitcoin, Ethereum, XRP, Dogecoin Continue Slow Walk Up

Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,414.37 +2.6% Ethereum (CRYPTO: ETH) $2,753.73 +1.7% Solana (CRYPTO: SOL) $174.54 +3.5% XRP (CRYPTO: XRP) $2.71 +1.9% Dogecoin (CRYPTO: DOGE) $0.2543 +1.1% Shiba Inu (CRYPTO: SHIB) $0.00001555 +1.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%.

Positive
cover-imageThe Currency Analytics
February 20, 2025

Montana Advances $50M Bitcoin Reserve Plan

Montana is making waves in the cryptocurrency world with its recent approval of a Bitcoin Reserve bill, positioning itself as a leader among U.S. states exploring crypto-backed financial reserves. As the state's legislature advances this proposal, here's what it means for Montana and the broader crypto landscape.

Positive
cover-imageThe Currency Analytics
February 20, 2025

Over 1,500 Financial Institutions Hold Bitcoin Exposure

Bitcoin continues to gain momentum in the financial sector, with over 1,500 institutions now holding Bitcoin in their portfolios, according to recent data. This growing interest from large financial entities highlights the cryptocurrency's increasing legitimacy as an asset, though the extent of its adoption remains in its early stages.

Negative
cover-imageBenzinga
February 20, 2025

Bitcoin Down 6% Over The Past Month: Why Is BTC Not Going Up?

Despite a 6% dip over the past month, Bitcoin (CRYPTO: BTC) remains in a macro bull market, significantly outperforming other assets since early 2023. What Happened: Crypto chart analyst Ali Martinez highlighted a notable pattern coinciding with the SEC launching a cyber and emerging technologies unit to combat crypto fraud.

Positive
cover-imageThe Currency Analytics
February 20, 2025

MicroStrategy Plans $2B Raise to Boost Bitcoin Holdings to 500K

MicroStrategy, the business intelligence firm known for its large Bitcoin holdings, is planning a significant move to increase its cryptocurrency investment. The company intends to raise $2 billion in capital to fund the purchase of more Bitcoin, aiming to bring its total holdings to 500,000 BTC.

Positive
cover-imageCrypto Economy
February 20, 2025

Michael Saylor's Strategy Raises $2B to Expand BTC Holdings

TL;DR MicroStrategy, now renamed Saylor's Strategy, has raised $2 billion through the issuance of zero-coupon convertible bonds, maturing in 2030, with a 35% conversion premium over the weighted average stock price. The company currently holds 478,740 Bitcoin, equivalent to more than 2.

Positive
cover-imageBenzinga
February 20, 2025

Studying Bitcoin Will Strengthen Us, Czech Central Bank Governor Says

Czech National Bank Governor Aleš Michl on Wednesday emphasized the importance of understanding Bitcoin (CRYPTO: BTC), stating that central bankers should study it to strengthen their expertise in evolving financial markets. What Happened: He proposed a Bitcoin test portfolio as part of a broader effort to explore new reserve management strategies.

Positive
cover-imageBitcoin
February 20, 2025

Bitcoin Tests $97.5K Even as Market Momentum Stalls

BTC broke through the $97,500 barrier earlier today amid sustained interest from institutional investors such as Strategy and Metaplanet, despite lower trading volume. Institutional Interest Remains High as Bitcoin Climbs to $97.5K Bitcoin (BTC) continues its cautious upward climb, reaching $97,414.42 at the time of reporting. This marks a 1.

Negative
cover-imageBenzinga
February 20, 2025

Bitcoin, Ethereum Face Downside Risk As Institutional Demand Fades, JPMorgan Says

JPMorgan analysts have raised concerns over declining institutional demand for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) futures, suggesting this trend could contribute to broader weakness in the cryptocurrency market. What Happened: The analysts observed that futures contracts for both cryptocurrencies on the Chicago Mercantile Exchange are approaching a condition known as backwardation, where futures prices drop below spot prices, according to The Block.

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