Tag: Bitcoin

Former U.S. Treasury Secretary Lawrence Summers has criticized President-elect Donald Trump’s proposal to establish a national Bitcoin reserve, describing it as “crazy” and a tactic to appease crypto-friendly campaign donors. Speaking to Bloomberg TV on December 6, Summers argued that such a move lacks economic rationale and serves no public ...

Chris Burniske, a former ARK Invest analyst and Placeholder partner, urged crypto investors to keep their market goals realistic after Bitcoin crossed $100,000 in December 2024. His warning focused on the danger of treating large price targets as promises instead of possible outcomes. In a recent post on X, Burniske ...

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 ...