MicroStrategy Plans $42 Billion Bitcoin Buy
MicroStrategy, led by founder Michael Saylor, has announced a new plan to raise $42 billion over the next three years to further strengthen its Bitcoin holdings. Known as the “21/21 Plan,” this…
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Riot Revenue Jumps 65% in 2023 Despite Hashrate Growth
Bitcoin mining giant Riot Platforms reported a strong 65% year-over-year increase in revenue for Q3 2023, totaling $84.8 million. However, the company has had to revise its ambitious hashrate expansion plans due…
BlackRock’s Spot Bitcoin ETF Hits Record $875 Million Inflow
On October 30, BlackRock’s spot Bitcoin exchange-traded fund (ETF) achieved its largest daily inflow since its January launch, bringing in $875 million as the crypto market saw renewed enthusiasm. According to CoinGlass,…
Robinhood’s Crypto Volume Doubles in Q3
Robinhood Markets Inc. saw a significant rise in cryptocurrency trading and assets under custody in the third quarter of 2023. However, its stock price fell 12.4% in after-hours trading following an earnings…
Malicious Popups Hit Crypto Apps After Major Library Hack
Crypto users faced a new security threat on October 30 after hackers compromised the widely used Lottie Player animation library, spreading malicious popups through decentralized finance (DeFi) apps. These popups tricked users…
Florida CFO Pushes for Bitcoin in State Pension Funds
Florida’s Chief Financial Officer Jimmy Patronis is advocating for Bitcoin investments within the state’s pension funds, urging the Florida State Board of Administration (SBA) to evaluate the benefits and risks of adding…
Brazil’s Crypto Imports Surge 60%
In a significant development for the global crypto industry, Brazil has seen a 60.7% increase in crypto imports through September, surpassing the entire 2023 total, as reported by the country’s central bank.…
Instant Crypto Purchases Now Possible for Visa Debit Users on Coinbase
Visa and Coinbase have launched a new partnership enabling U.S. and EU customers with eligible Visa debit cards to instantly buy, deposit, and withdraw cryptocurrency on Coinbase. Announced on October 29, this…
Trump Win May Spark a Crypto Rally, But Experts Urge Caution
A Trump victory in the November 5 U.S. presidential election could boost crypto markets temporarily, according to analysts, but caution is advised amid high volatility. Potential Impact of a Trump Win on…
Bitcoin Could Reach $200K Without USD Collapse, Says Bitwise Exec
Bitcoin could soar to a $200,000 valuation even if the U.S. dollar remains relatively strong, according to Bitwise’s Chief Investment Officer, Matt Hougan. Hougan suggests that Bitcoin’s growing appeal as a “store-of-value”…
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