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 research note shared via an X post. This was primarily reflected ...
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 the approach of industry leaders like MicroStrategy. Since launching its Bitcoin ...
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 $94,375 per Bitcoin. The company plans to utilize its idle funds ...
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 management solutions and bolster the company’s engagement with the Bitcoin ecosystem. ...
Heritage Distilling Holding Company has announced its decision to embrace Bitcoin as part of a new corporate sales and treasury strategy according to the company's press release. The company’s Board of Directors approved a Bitcoin Treasury Policy Statement aimed at accepting Bitcoin as payment for products and services through its ...
The U.S. Department of Justice (DOJ) plans to sell 69,370 Bitcoin (BTC), valued at over $6.5 billion, seized from the Silk Road darknet marketplace. This decision comes after a court ruling on December 30, which concluded a lengthy legal dispute with Battle Born Investments, a party claiming ownership of the ...
Analysts warn that Bitcoin may face a short-term slowdown due to tightening global liquidity driven by a stronger U.S. dollar following Donald Trump's re-election, which could challenge potential price gains. According to a research note from Matrixport, Asia's blockchain analysis hub, tightening global liquidity could affect Bitcoin's performance. Crypto analyst ...
Aleš Michl, Governor of the Czech National Bank (CNB), has sparked discussions about the potential inclusion of Bitcoin in the bank’s foreign exchange reserves as part of its diversification strategy. In a recent interview with CNN Prima News, Michl expressed an openness to Bitcoin as a potential diversification tool. However, ...
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 conducted on the blockchain-based voting platform, The POL, from December 24 ...
Arthur Hayes, the co-founder of BitMEX, predicted that Bitcoin would experience a rally that would peak in late March. He attributes this potential surge to the Federal Reserve's quantitative tightening (QT) and liquidity measures. In an essay published on January 7, Hayes discussed how these economic policies could impact risk ...
