Tag: Bitcoin
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Bitcoin Faces a Dip Amid Profit-Taking and Economic Concerns
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Bitcoin has experienced a sharp drop, falling to $91,800, a price not seen since early December. The largest cryptocurrency’s decline comes as a result of a combination of profit-taking after a strong rally and growing concerns about the wider macroeconomic environment. With market sentiment souring, the price of Bitcoin is now over 14% below its…
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MicroStrategy Increases Total Holdings by $209M with 2,138 BTC
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MicroStrategy, the world’s largest corporate holder of Bitcoin, has continued its accumulation spree, investing $209 million to acquire an additional 2,138 BTC. As per the announcement, this bitcoin has been purchased at an average price of $97,837. Also, it made between December 23 and December 29, 2024, brings the company’s total holdings to 446,400 BTC, valued at…
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MicroStrategy Increases Bitcoin Holdings with $209M Investment Amid Rising Yield
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MicroStrategy, the business intelligence giant and prominent Bitcoin investor, has announced the acquisition of 2,138 Bitcoin worth $209 million. This purchase brings the company’s total Bitcoin holdings to 446,400 BTC, valued at approximately $41.5 billion at current market prices. The company revealed on 30 December that it had made the purchase between 23 and 29…
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XRP Leads Crypto Decline as Strong Dollar Pressures Markets
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Cryptocurrency markets faced a sharp downturn as the dollar strengthened, causing XRP to lead losses and bitcoin (BTC) to retreat. Here’s a look at the factors contributing to the market’s slide and insights into its potential trajectory. XRP Drops 5%, Leading Crypto Losses XRP fell by over 5% in the past 24 hours, marking the…
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Memecoin Market Slumps, Bitcoin Price Predictions for 2025, and El Salvador’s Growing Reserve
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Memecoins Lose Momentum as $40 Billion Wiped Out in December The memecoin market saw a significant decline in December, shedding nearly 30% of its total market capitalisation. According to CoinMarketCap data, the market cap for memecoins peaked at $137.06 billion on 9 December, only to plummet to $92.67 billion by 23 December. This represents a…
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Fireblocks, a digital platform, has over $3 trillion in transfers.
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At the Blockchain Expert conference in Tel Aviv, leaders from the crypto and regulatory sectors talked about the future of digital payments, predicting that global transactions will soon happen instantly. Idan Oferat, co-founder of Fireblocks, pointed out that stablecoins are becoming more important in blockchain transactions. He mentioned that more than half of the $3…
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Russia Turns to Bitcoin for International Trade Amid Sanctions
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In a bold move to counter Western sanctions, Russia has begun using Bitcoin and other cryptocurrencies to facilitate international trade. Finance Minister Anton Siluanov confirmed this significant shift, emphasizing its potential to reshape the country’s economic strategy. Bitcoin to Circumvent Sanctions Following severe sanctions over its invasion of Ukraine, including being cut off from SWIFT,…
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DMM Bitcoin Hacked: SBI to Absorb Exchange Amid $320M Breach Fallout
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Japanese financial giant SBI VC Trade has announced a deal to acquire the assets and customer accounts of DMM Bitcoin, the crypto exchange crippled by a devastating hack earlier this year. Starting March 8, 2025, DMM’s customers and their assets will be automatically transitioned to SBI accounts, requiring no action on their part, according to…
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Injective partners with Sonic to create an AI agents hub
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Injective and Sonic, a game platform using the Solana Virtual Machine (SVM), have teamed up to create the first cross-chain artificial intelligence (AI) agent platform. This new project will use Sonic’s HyperGrid technology to connect the Injective and Solana ecosystems, creating a Smart Agent Hub for developers. The Smart Agent Hub will use the Inter-Blockchain Communication…
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Interest rates remain unchanged by the Bank of Japan, and the cryptocurrency market is now thriving.
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The Bank of Japan (BOJ) has decided to keep its interest rates unchanged, maintaining the short-term rate at 0.25%. This marks the third consecutive time the BOJ has opted to hold rates steady, following similar decisions in September and October. Following the announcement, the Japanese yen fell to 155, showing a clear shift towards Bitcoin…