Bitcoin

Bitcoin Holds at $67K, Analysts Warn of Possible 10% Price Drop

Bitcoin bulls are currently enjoying month-to-date gains of over 10%, with Bitcoin (BTC) circling around the $67,000 mark as of May 19. However, some...

Point72 and Other Major Hedge Funds Invest in Bitcoin ETFs

Point72, the $34 billion hedge fund owned by billionaire Steven Cohen, who also owns the New York Mets, held $77.5 million in the Fidelity...

Crypto Influencer Pleads Guilty to $1.3 Million Ponzi Scheme

Cryptocurrency personality Thomas John Sfraga has pleaded guilty to wire fraud charges after allegedly deceiving over a dozen victims with fraudulent investment schemes, including...

Biden Reconsiders SAB 121 Veto Amid Rising Crypto Support

On May 16, 2024, the U.S. Senate passed a significant bipartisan vote to review the Securities and Exchange Commission (SEC) Staff Accounting Bulletin No....

Morgan Stanley’s $270M Bitcoin Bet Signals Institutional Adoption

In a significant move reflecting the growing mainstream adoption of cryptocurrencies, financial giant Morgan Stanley has revealed a substantial $269.9 million investment in Bitcoin...

Biden Halts CleanSpark’s $19M Bitcoin Mining Deal

CleanSpark (CLSK), an American bitcoin mining company, found itself entangled in the U.S.-China political tensions after acquiring mining sites in Wyoming, near a U.S....

Bitwise CIO Matt Hougan Celebrates Success of Bitcoin ETFs

Bitwise Chief Investment Officer Matt Hougan has lauded the success of spot Bitcoin ETFs, following the latest 13F filings. These filings disclosed the substantial...

Vanguard New CEO Salim Ramji Plans No Spot Bitcoin ETF

Salim Ramji, newly appointed CEO of Vanguard and former leader of BlackRock’s global ETF business, has reaffirmed the company's stance against launching a spot...

Millennium Management’s $2 Billion Foray into Bitcoin ETFs

During the initial quarter of the fiscal year, Millennium Management, led by noted Wall Street figure Israel Englander, made a significant foray into the...

Bitcoin’s Recent Surge to $66K Driven by Inflation Data

Bitcoin recently saw a significant price surge, reaching over $66,000, fueled by encouraging inflation data from the United States and keen market observation of...

El Salvador Mines 474 Bitcoins Using Volcanic Energy

Since 2021, El Salvador has successfully mined approximately 474 bitcoins using a geothermal power plant driven by volcanic energy, as revealed by official sources...

El Salvador Ups Transparency with Bitcoin Reserve Monitoring Portal

El Salvador recently launched a groundbreaking proof-of-reserves website, providing real-time insights into the country’s Bitcoin holdings through on-chain data analysis. The new online platform...