Recent data from blockchain analytics firm IntoTheBlock (ITB) reveals a significant surge in Bitcoin outflows from exchanges, with approximately $750 million in assets withdrawn on September 10, 2024. This marks the largest net outflow of Bitcoin (BTC) since May,...
Bitcoin is currently suffering from an identity crisis. Though initially conceived as a decentralized, peer-to-peer electronic cash system, the cryptocurrency has evolved to embody two distinct, sometimes conflicting identities: a store of value akin to "digital gold" and a...
Tokyo-listed investment firm Metaplanet has continued to pursue its Bitcoin accumulation strategy aggressively. The company recently purchased 38.464 Bitcoin, valued at approximately 300 million yen ($2 million), bringing its total Bitcoin holdings to 398.832 BTC, worth around 3.75 billion...
Crypto ATMs were introduced as a promising solution to help boost the adoption of digital currencies by encouraging their use in day-to-day transactions. These machines allow users to buy and sometimes sell cryptocurrencies using cash or credit cards and...
21.co, the parent company of 21Shares, has launched its Wrapped Bitcoin product, 21BTC, on the Ethereum blockchain. This significant development, announced on September 3, comes through a collaboration with Flow Traders, a leading global market maker. According to the...
Since its inception in 2009, Bitcoin has grown from a digital curiosity into a global financial powerhouse. The incredible rise in its market value from just a few pennies to over $60,000 is a story that few could have...
Japanese investment firm Metaplanet has announced a collaboration with SBI Holdings' crypto division, SBI VC Trade, to enhance both companies' Bitcoin trading, storage, and management capabilities. SBI VC Trade is a cryptocurrency exchange platform offering spot and margin trading...
The story of Bitcoin investment in 2024 so far can be told in these words: it is one of steadfastness and strategic hodling. According to data from Glassnode's HODL wave chart, about 75% of all circulating Bitcoin hasn't moved...
Hilbert Group has partnered with crypto-friendly Xapo Bank to manage a new hedge fund denominated in Bitcoin. In an August 27 press release, the Stockholm-based investment firm announced that the Bitcoin-denominated fund will launch in September, with expectations of...
At the Nashville Bitcoin 2024 conference, Senator Cynthia Lummis (R-Wyo.) unveiled a "revolutionary proposal" for the U.S. government to start investing in Bitcoin. Her idea is to add Bitcoin to the nation's strategic reserve assets as a tool to...
