Renowned investor and author Robert Kiyosaki has reiterated his warning about an impending financial crisis in the United States and globally. He has predicted that Bitcoin (BTC), one of his favored assets for protecting against economic downturns, could surge to $350,000 by late August 2024. Kiyosaki expressed confidence in this prediction in a recent post … Read more
Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins. Since mid-March, Bitcoin Whales Have Been Buying Since the middle of March, the BTC whales have been growing their supply, according to data … Read more
Despite ongoing efforts to crack down on illegal mining operations, the Paraguayan Congress might soon vote on a new bill aimed at regulating Bitcoin mining. The bill, proposed by lawmaker María Constancia Benítez, is said to be business-friendly and emphasizes the potential of Bitcoin mining to drive economic and technological progress in Paraguay. Will Bitcoin … Read more
Bitcoin (BTC) has seen a decrease in its ticker value, now at $70,754. Riot Platforms, a prominent miner, produced 215 BTC in May, marking a 43% decrease compared to the previous month. This reduction in mining revenue directly correlates with the Bitcoin halving on April 20, which slashed mining rewards to 3.125 BTC. In anticipation … Read more
DMM Bitcoin, a Japanese cryptocurrency exchange, has unveiled a fundraising initiative totaling 50 billion yen ($321 million). The objective is to acquire Bitcoin for compensating customers impacted by a recent security breach. DMM Bitcoin falls under the DMM.com conglomerate, which spans various industries like entertainment, technology, and renewable energy. Keishi Kameyama serves as its CEO. … Read more
In May, the NFT market experienced a sharp decline, with overall sales dropping by 54%. Despite this, digital collectibles on the Bitcoin blockchain saw a surge in sales, reaching a new high of over $4 billion in total sales volume on June 4th, as per data from NFT tracker CryptoSlam. This figure includes both legitimate … Read more
In the past month, cryptocurrency investment products attracted $2 billion in investments, pushing year-to-date inflows over $15 billion. The recent week alone saw $185 million invested. Bitcoin-focused products received $148 million in inflows, while Ethereum products got $33.5 million following the SEC’s approval of spot Ether ETFs in the US. Solana-related products saw $5.8 million … Read more
On Tuesday, Bitcoin surged to $71,200, nearing its all-time high of $73,700 set in March, as per TradingView data. This rally coincided with significant investments in US spot Bitcoin exchange-traded funds (ETFs). HODL15Capital data indicates that US Bitcoin funds saw a combined net inflow of $887 million, the second-highest ever recorded. Leading the pack was … Read more
StarkWare has unveiled ambitious plans to revolutionize Bitcoin’s usability using zero-knowledge (ZK) technology, along with a substantial $1 million research fund. The initiative aims to enhance both Bitcoin and Ethereum by leveraging Scalable Transparent Argument of Knowledge (STARK) cryptography. The announcement emphasizes a commitment to scaling Bitcoin and Ethereum, rather than advocating for one over … Read more
The University of Austin is making waves by embracing Bitcoin as a payment option, with plans to create a $5 million Bitcoin fund through donations. Partnering with Unchained, a cryptocurrency platform, they aim to hold onto BTC for the long term. Thomas Hogan, an associate professor, believes this move sets a precedent for academic institutions … Read more