Tag: Bitcoin

Metaplanet Buys 555 BTC for $53M, Raises $25M to Expand Holdings

Metaplanet Buys 555 BTC for $53M, Raises $25M to Expand Holdings

Japanese investment firm Metaplanet has deepened its commitment to Bitcoin, announcing the purchase of an additional 555 BTC as part of its ongoing accumulation strategy. The move signals the company’s continued confidence in the long-term value of digital assets, particularly amid growing institutional interest in cryptocurrency. According to a disclosure ...

Swiss National Bank Rejects Cryptocurrencies as Reserve Assets Citing Volatility Concerns

Swiss National Bank Rejects Cryptocurrencies as Reserve Assets Citing Volatility Concerns

Swiss National Bank (SNB) President Martin Schlegel publicly declared that cryptocurrencies, including Bitcoin, are unsuitable for inclusion in the country’s official reserve assets. At a financial conference, Schlegel emphasized that digital currencies' extreme price volatility and uncertain liquidity make them unreliable for safeguarding national monetary stability. “Cryptocurrencies are not currently ...

Bitcoin Miners Show No Signs of Capitulation, Says Bitfinex

Bitcoin Miners Show No Signs of Capitulation, Says Bitfinex

Bitcoin miners have yet to display any major signs of capitulation, with on-chain data consistently indicating a positive outlook, according to analysts at Bitfinex Alpha in a recent research report. Despite ongoing macroeconomic challenges and a 32% decline from Bitcoin's all-time high in 2024, analysts observed that miner reserves have ...

Florida Withdraws Bills, Halts Bitcoin Reserve Proposal

Florida Withdraws Bills, Halts Bitcoin Reserve Proposal

Florida has officially scrapped its plans to establish a Strategic Bitcoin Reserve, bringing an abrupt halt to legislative efforts that would have permitted the state to invest public funds in Bitcoin. The Florida Senate marked both House Bill 487 and Senate Bill 550 as “indefinitely postponed and withdrawn from consideration,” ...

Riot Platforms Sells Record 475 BTC in April

Riot Platforms Sells Record 475 BTC in April

Riot Platforms announced that it sold 475 BTC in April, generating $38.8 million in proceeds. This marked the largest single-month Bitcoin liquidation in the company’s history, as revealed in Riot’s monthly production and operations update. Of the 475 BTC sold, 463 were newly mined during April, with the remaining 12 ...

India’s Supreme Court Likens Bitcoin Trading to Refine Hawala

India’s Supreme Court Likens Bitcoin Trading to Refine Hawala

India’s Supreme Court has raised serious concerns over the country’s lack of oversight in Bitcoin trading, drawing comparisons between unregulated crypto transactions and a sophisticated form of Hawala. The observation came during a recent bail hearing in a crypto-related case, as reported by local media outlets. The bench, comprising Justices ...

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