Bitcoin

Bitcoin (BTC), the leading cryptocurrency by market cap, has reached a noteworthy milestone, processing its one billionth transaction. This accomplishment underscores Bitcoin’s enduring activity and expanding adoption, even amidst market volatility. The Bitcoin community, especially on social media platforms like X (Twitter), is buzzing with celebrations, emphasizing the importance of this milestone for investors and … Read more

Yong Rong Asset Management, a prominent asset management firm headquartered in Hong Kong, has recently made a substantial investment in the Bitcoin Spot ETF, as confirmed by Bloomberg ETF analyst Eric Balchunas. The firm has acquired $38 million worth of the IBIT Bitcoin Spot ETF, which now constitutes 12% of its reported assets. This move … Read more

The co-founder of BTC-e, an allegedly illegal cryptocurrency exchange, Alexander Vinnik, has acknowledged his involvement in a money laundering scheme involving bitcoin exchanges. This disclosure comes after a more thorough investigation that showed numerous illicit activity between 2011 and 2017 on the exchange. According to the US Department of Justice (DOJ), under Vinnik’s direction, BTC-e … Read more

The value of MicroStrategy shares has taken a hit as the price of Bitcoin dropped, leading to a market correction.  Markus Thielen, an analyst at 10x Research, suggests that the stock may be closer to its actual value now. Back in March, Thielen’s firm estimated MicroStrategy’s fair price to be around $1,000, advising investors to … Read more

According to Hayes, the US Treasury’s debt issuance plans and the Federal Reserve’s quantitative tightening taper will result in more dollar liquidity, which will drive up the price of Bitcoin. Arthur Hayes, the co-founder and former CEO of the cryptocurrency exchange BitMEX, has offered his opinions on the movement of the price of Bitcoin (BTC). … Read more