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news-imageDecember 12, 2024

There's Now $3.6 Billion Worth of Bitcoin Deposited on Babylon Chain

Babylon Chain has seen $1.2 billion worth of Bitcoin deposits in 48 hours.
Publisher: Decrypt
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageBitcoin
December 12, 2024

Kenya National Fire Brigades Association Adopts Bitcoin

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.

Positive
cover-imageBenzinga
December 12, 2024

BlackRock Advocates For 2% Bitcoin Allocation In Multi-Asset Portfolios

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.

Positive
cover-imageBenzinga
December 12, 2024

Michael Saylor Lauds Bitcoin's $100,000 Milestone: 'It Will Be Embraced' By The World's Wealthy And Powerful

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.

Positive
cover-imageCoingape
December 12, 2024

$57B AUM Australia's Pension Fund AMP Buys $27M in Bitcoin

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.

Positive
cover-imageNewsBTC
December 12, 2024

US-Russia Bitcoin Reserve Race Could Drive Altcoin Markets to Record Highs: Key Tokens to Watch

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.

Positive
cover-imageCryptopolitan
December 12, 2024

AMP invests $27M in Bitcoin for the first time

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.

Positive
cover-imageCrypto Daily
December 12, 2024

Why Bitcoin ($BTC) is probably your only way out

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?

Positive
cover-imageBitcoin
December 12, 2024

Crypto ETFs Keep Winning: Bitcoin Pulls in $223M, Ether Joins with $102M Boost

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.

Neutral
cover-imageUToday
December 12, 2024

Bitcoin Safe From Quantum Computers, Says Craig Wright

This week was marked by several events in the world, technology and cryptocurrencies, but perhaps the most hyped was the news about Willow, a new quantum chip developed by Google. This computer solved in five minutes a problem that would take the fastest supercomputer 10 septillion years.

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