Bitcoin is expected to remain in a consolidation phase as long as conversions from fiat to stablecoins remain subdued, according to Matrixport, a digital asset firm based in Singapore. Matrixport highlighted a "significant slowdown" in fiat-to-crypto on-ramps in a...
Global fintech leader UTGL has announced a significant expansion of its Bitcoin holdings, reinforcing its confidence in the cryptocurrency as a transformative financial asset. This expansion emphasizes UTGL's strategy to utilize Bitcoin for long-term economic resilience, which aligns with...
Ming Shing Group Holdings Limited has announced a strategic investment in Bitcoin. According to a recent press release, Lead Benefit (HK) Limited, a wholly-owned subsidiary, has acquired 500 Bitcoins for approximately $47 million, with an average purchase price of...
JPMorgan CEO Jamie Dimon has once again criticized Bitcoin, arguing that it lacks intrinsic value and is frequently used by malicious individuals. He likened investing in Bitcoin to smoking, asserting that, although people can choose, it is not a...
Nano Labs Ltd, a leading Chinese fabless integrated circuit design company, has announced a strategic partnership with cryptocurrency asset management platform BitFi. The collaboration, facilitated through Nano Labs' subsidiary Nano Bit HK Limited, aims to develop innovative Bitcoin asset...
The options markets of both Bitcoin and Ethereum are showing divergent trends, according to crypto exchange Bybit. In its latest crypto derivatives report, the crypto reported that Bitcoin's open interest began rebalancing after December's option expirations, while Ethereum saw...
Canaan Inc., a leading blockchain hardware manufacturer, introduced its latest Bitcoin mining devices, the Avalon Mini 3 and Avalon Nano 3S, at CES 2025 in Las Vegas. These innovations aim to make cryptocurrency mining more accessible while offering added...
A recent survey by News1 indicates that South Korean cryptocurrency investors have again shown a strong preference for Bitcoin, which remains the most preferred digital asset, with Ripple (XRP) now in second place, surpassing Ethereum (ETH). The survey was...
Thailand's Provincial Electricity Authority (PEA) has closed a Bitcoin mining operation for illegally tampering with power meters to steal electricity worth hundreds of millions of baht. Collaborating with the Crime Suppression Division, the PEA raided a Phanat Nikhom, Chonburi...
Bitcoin miners in the U.S. are accumulating cryptocurrency to cope with narrow profit margins and increasing competition for resources, according to a report from the Financial Times. Companies like Marathon Digital, Riot Platforms, and CleanSpark have raised over $3.7...
