Strive, an asset management firm started by Vivek Ramaswamy, wants to launch an ETF that invests in convertible bonds issued by MicroStrategy and other companies that buy Bitcoin.
Former DMM users will not need to re-register their accounts; all fiat and crypto holdings will be automatically transferred to SBI.
KULR Technology Group, Inc., an NYSE-listed company, has taken a shift in its treasury management by investing $21 million in Bitcoin by buying 217.18 BTC at an average price of $96,556.53.
BlackRock reported holding 430,770 shares of its spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT through its Global Allocation Fund. According to a filing with the US Securities and Exchange Commission (SEC), the shares amount to over $17 million as of Oct. 31.
According to a recent report by Japanese cryptocurrency publication CoinPost, Japan's Prime Minister Shigeru Ishiba has taken a cautious stance on the proposal to establish a national Bitcoin (BTC) reserve. Ishiba Hesitant On Bitcoin Reserve Plans While some policymakers in Japan are advocating for the country to follow the lead of nations like the United States in exploring cryptocurrency reserves, Ishiba has expressed reservations, citing a lack of sufficient information to make an informed decision.
On December 25, Bitcoin (BTC) hinted at a potential “Santa Rally” as its price made an attempt to reclaim the $100,000 milestone. However, the rally faltered, falling short of the target.
Bitcoin transactions have risen significantly over the last two years, and with that increase, private transactions, especially CoinJoin transactions, have tripled. While some attribute the rise of CoinJoin transactions to hackers laundering funds, others point to increasing whale accumulation.
Bitcoin has recently attracted attention as it flirts with the $100,000 mark, while activity in long-dormant wallets adds intrigue. Here we delve into its current status and what the technical indicators suggest. The post Bitcoin Nears $100,000 as Decade-Old Wallets Move $20M – Bullish or Bearish? appeared first on Cryptonews.
The chief executive of market intelligence platform CryptoQuant says that Bitcoin (BTC) still has a ways to go before reaching its cycle top.
The investment giant, BlackRock is doubling down on US Bitcoin exchange-traded funds (ETFs) holdings. In a Securities and Exchange Commission (SEC), its Global Allocation Fund reported a 117% increase in IBIT shares as of October 31.
Bitcoin (BTC) whales have been accumulating BTC through privacy transactions for more than two years, according to CryptoQuant CEO and co-founder Ki Young Ju. Ki assessed the average number of transactions passing through CoinJoin, an anonymization service, and discovered that the number had tripled this cycle.
Crypto analyst Egrag Crypto has boldly predicted that the XRP price will outperform Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiplier than BTC and ETH.
Bitcoin struggles to reclaim $100K as metrics reveal long-term holder behavior.
The fund aims to offer exposure to MicroStrategy's convertible bonds, among others.
Strive's new ETF aims to capitalize on MicroStrategy's Bitcoin investments, offering exposure to companies holding Bitcoin. The post Strive files for “Bitcoin Bond” ETF tied to MicroStrategy holdings appeared first on Crypto Briefing.
Blockchain Association CEO Kristin Smith talked with CNBC about BTC and Donald Trump's potential effect on the cryptocurrency. The post People Want To Hold More Bitcoin, Blockchain Association CEO Kristin Smith Says appeared first on Cryptonews.
A so-called Santa Claus rally to round out a fiscal year is a phenomenon many are hoping to see play out in the crypto world. Thus far, the 24-hour moves seen in Bitcoin (BTC -3.75%), Ethereum (ETH -4.51%) and Dogecoin (DOGE -6.22%) indicate that such a rally toward year-end may take additional time to materialize, or perhaps not materialize at all.
Japanese Prime Minister Shigeru Ishiba has cited insufficient information on international strategies regarding his stance on a Bitcoin reserve.
Bitcoin reserves held on leading cryptocurrency exchange Binance have dwindled to levels that hadn't been seen since January of this year, raising prospects of a potential 90% BTC price rise as witnessed earlier this year, when reserves dropped to these levels.
A popular crypto analyst is issuing a warning that Bitcoin could suddenly collapse if BTC loses a key support level. Crypto trader Ali Martinez tells his 104,000 followers on the social media platform X that Bitcoin could plummet nearly 27% from its current value if it fails to remain trading above $93,806.
Bitcoin ETFs became a lightning rod for institutional capital this year, while spot Ethereum ETFs opened the door for other assets.
Here's what the historical trend of the Bitcoin Market Value to Realized Value (MVRV) Ratio suggests regarding whether the current bull run is over or not. Bitcoin MVRV Ratio Could Hint At Where BTC Is In Current Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju shared a chart showcasing the past pattern in the Bitcoin MVRV Ratio.
Bitcoin's price has been on a wild ride recently, with the cryptocurrency almost reaching the $100,000 mark. As the excitement grows, many are now speculating that Bitcoin could hit $110K in the near future.
Bitcoin has experienced a rollercoaster ride over the past couple of weeks, showcasing its trademark volatility. After reaching an all-time high (ATH), the leading cryptocurrency saw its price drop by 15%, testing the $92,000 mark as a crucial support level.
KULR Technology adopts a Bitcoin treasury strategy with a $21M purchase, boosting stock 30%, aligning with corporate Bitcoin trends. The post KULR Technology adopts Bitcoin treasury strategy with $21M purchase, stock rises 30% appeared first on Crypto Briefing.
Energy company KULR Technology Group unveiled the start of its Bitcoin (BTC) treasury on Dec. 4 by acquiring 217.18 BTC for approximately $21 million, at an average purchase price of $96,556.53 per Bitcoin.
Jeff Park, head of alpha strategies at Bitwise Invest, has predicted that the price of Bitcoin might potentially hit $1 million if the US creates a Bitcoin reserve.
Three of the 50 states of America are expected to create local Bitcoin reserves soon. The bills differ from the proposal of the American National Bitcoin Reserve and demonstrate local specifics.
Swiss company Relai purchased 13 BTC (worth $1.24 million) for Christmas.
Bitcoin's price movements are often unpredictable, and investors and traders constantly attempt to time the market perfectly. However, market sentiment plays a crucial role in determining the price, and many indicators are lagging, meaning they reflect past movements rather than predict future trends.
Trump's Bitcoin mining pledge highlights challenges in achieving energy dominance and economic control amid global competition and decentralization. The post Trump's pledge to make all Bitcoin made in USA faces practical challenges, say experts appeared first on Crypto Briefing.
Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains and the meme coin category, or the “other tokens” hit a key milestone, crossing a market capitalization of $100 billion.
Bitcoin enthusiasts are buzzing over a bold prediction an industry expert, who claims that Bitcoin could soar to $180,000 by March 21, 2025.
As Bitcoin (BTC) faces heightened volatility below the $100,000 resistance zone, on-chain data suggests the digital currency may face further declines in the coming days.
Donald Trump‘s campaign promise to bring all Bitcoin (CRYPTO: BTC) mining operations back to the United States faces considerable obstacles, despite his newfound support for the cryptocurrency industry. This pledge, made following discussions with leaders in the crypto mining field, symbolizes Trump's shift from a skeptic to a champion of digital assets.
TL;DR Bitcoin fell below $95,000, in line with a general downturn in the crypto market, as MicroStrategy announces plans to issue new shares and acquire more BTC. MicroStrategy has been accumulating BTC for seven consecutive weeks.
Bitcoin hit a record high this year, boosted by U.S. spot ETF approvals and Trump's election—though some assets did even better.
Thailand is exploring the possibility of discovered a Bitcoin pilot project in Phuket, an initiative proposed by former Prime Minister Thaksin Shinawatra. The goal is to transform Phuket into a cryptocurrency sandbox, where Bitcoin payments could be tested in a controlled environment, with the aim of boosting tourism and positioning Thailand as a leader in digital innovation.
TL;DR KULR Technology purchased 217.18 bitcoins worth $21 million as part of its forward-thinking treasury strategy. The company plans to allocate up to 90% of its surplus cash for future Bitcoin acquisitions to diversify its holdings.
Russia's finance minister, Anton Siluanov, has revealed that domestic companies are using Bitcoin (BTC) and other cryptocurrencies for international payments.
Bitcoin (BTC) didn't bring much holiday cheer to investors as it remained under $100,000. BTC has been marginally down over the last 24 hours and is trading at around $98,100.
KULR Technology Group, Inc. (NYSE: KULR) is a company focused on advanced energy management solutions, targeting a $24 billion market for thermal management systems. The company develops technologies aimed at improving safety and efficiency in renewable energy, aerospace, and defense sectors.
Runes transactions on the Bitcoin network have dropped to just 1.67% of daily activity, a sharp fall from their earlier dominance of over 50%.
The publicly traded company is the latest to adopt a Bitcoin treasury, joining a growing number of firms adding BTC to their balance sheets.
Bitcoin (CRYPTO: BTC) is navigating a period of guarded optimism, according to a new report from Messari, buoyed by institutional inflows into newly approved ETFs and the promises made by the new presidential administration. What Happened: The report suggests that Bitcoin's future trajectory depends on whether the administration can convert campaign rhetoric into tangible policy outcomes.
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and artificial intelligence (AI).
In the crypto arena, XRP stands out as a flamboyant gladiator, ready to jump by 65%, leaving Bitcoin and Ethereum in the shadows. Guaranteed suspense, according to an admiring expert.
Michael Saylor, the founder and executive chairman of MicroStrategy business intelligence giant, has issued what may be interpreted as a comment on today's Bitcoin drawdown that coincided with the period of 2024 winter holidays.