Chris Burniske, former ARK Invest analyst and partner at Placeholder VC, has advised crypto investors to avoid overhyping market targets despite the growing bullish sentiment. In a recent post on X, Burniske reflected on past market cycles, urging investors to maintain realistic expectations and consider profit-taking as Bitcoin briefly surpassed ...
Worksport, a U.S.-based manufacturer specializing in hybrid and clean energy solutions for the light truck, overlanding, and consumer goods sectors, has announced a significant shift in its corporate treasury strategy by adopting Bitcoin (BTC) and Ripple (XRP). The company’s Board of Directors has approved an initial purchase of up to ...
Mt. Gox transferred over 24,000 Bitcoin (BTC), valued at approximately $2.5 billion, to an unidentified address after Bitcoin surpassed the $100,000 mark. According to Arkham Intelligence, a transaction involving 24,051 BTC was sent to a previously inactive address that begins with “1N7j” at 2:45 AM UTC on December 5. This ...
Argo Blockchain, a Bitcoin mining company, reported an increase in revenue for November despite a drop in Bitcoin mining output, according to its latest production update released on December 4. The London-based firm mined 39 BTC in November, a decline from 46 BTC in October. This reduced daily output from ...
Metaplanet, listed in Tokyo, has launched a novel shareholder benefit program in collaboration with SBI VC Trade, a subsidiary of SBI Holdings. The program implements a lottery system that rewards shareholders with Bitcoin, representing a distinctive approach to shareholder incentives. On December 2, the Japanese investment firm announced a new ...
U.S. asset managers are planning to launch Bitcoin exchange-traded funds (ETFs) that utilize derivatives to reduce the price volatility of digital assets. This initiative aims to make cryptocurrency more appealing to risk-averse investors. According to a report by Financial Times on Monday, December 2, leading firms like Calamos Investments, First ...
In a decisive move that has reshaped its cryptocurrency strategy, Hong Kong-based online gaming company Boyaa Interactive has emerged as Asia’s largest corporate Bitcoin holder. The company recently converted 14,200 Ethereum (ETH), worth about $49.48 million, into 515 Bitcoin (BTC), bringing its total Bitcoin reserves to an impressive 3,183 BTC. ...
The UK Court of Appeal has definitively dismissed Craig Wright’s latest attempt to assert himself as the creator of Bitcoin. The ruling, delivered on November 28, reaffirmed an earlier decision by the High Court, which found Wright’s evidence insufficient to substantiate his claim as the author of the 2008 Bitcoin ...
Metaplanet announced in a press release on November 28 that it plans to issue its 12th series of Stock Acquisition Rights to the EVO Fund, an investment management firm based in the Cayman Islands. The third-party allotment is scheduled to begin on December 16, 2024. Metaplanet will issue a total ...
MARA Holdings, previously known as Marathon Digital, has raised concerns about the United States’ role in the global Bitcoin landscape, urging the country to adopt a more assertive approach to safeguard its economic and national security interests. In a recent post on X, MARA emphasized the significance of Bitcoin in ...
