Tag: Bitcoin

  • Ohio Pioneers Bitcoin Reserve Act to Safeguard Taxpayer Money During a Declining Dollar

    Ohio Pioneers Bitcoin Reserve Act to Safeguard Taxpayer Money During a Declining Dollar

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    V Sinclair

    The Ohio Bitcoin Reserve Act was introduced on December 17 by Ohio State Representative Derek Merrin. According to the bill, the State Treasurer can invest in Bitcoin and create a reserve fund in order to safeguard public funds. Merrin used the U.S. dollar’s rapid depreciation to highlight the bill’s necessity. He so underlined the adaptability of…

  • Cryptocurrency markets lost $140 billion when Bitcoin (BTC) fell $4K from its most recent peak (Market Watch).

    Cryptocurrency markets lost $140 billion when Bitcoin (BTC) fell $4K from its most recent peak (Market Watch).

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    V Sinclair

    Following several consecutive days of seeing mostly gains and charting new peaks, bitcoin has finally retraced by dropping by over four grand over the past 12 hours or so. The altcoins have followed suit, with notable price drops evident from the likes of ETH, DOGE, ADA, TRX, AVAX, and more. BTC Falls by $4K The…

  • Bitcoin Hits $108K All-Time High Before Sudden 2.4% Drop

    Bitcoin Hits $108K All-Time High Before Sudden 2.4% Drop

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    Issac Lane

    Flash volatility raises caution amid bullish sentiment. Record-Breaking Spike and Swift Decline Bitcoin (BTC) briefly soared to an all-time high of $108,000 on Dec. 17, only to plummet over $2,000 within minutes after the Wall Street open. The sudden retracement brought the cryptocurrency back near its daily opening levels around $106,000. Data from TradingView highlighted…

  • Crypto Investment Products Hit 10th Week of Inflows

    Crypto Investment Products Hit 10th Week of Inflows

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    Oscar

    Crypto investment products have marked a milestone, recording their 10th consecutive week of inflows, with a total of $3.2 billion added in the trading week of December 9–13. The surge highlights strong investor sentiment as Bitcoin hits new highs and Ethereum-based products gain traction. $3.2 Billion Inflows Amid Bitcoin’s Rally Digital asset investment products recorded…

  • Bitcoin Surges Past $106K, Outpaces Gold with Unmatched Purchasing Power

    Bitcoin Surges Past $106K, Outpaces Gold with Unmatched Purchasing Power

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    Oscar

    Bitcoin has achieved another historic milestone, soaring past $106,000 per coin and reaching unprecedented purchasing power relative to gold. The Bitcoin-to-gold ratio, a key metric comparing Bitcoin’s value to that of gold, hit an all-time high of 40 ounces of gold per Bitcoin. Bitcoin-to-Gold Ratio Hits Record High Veteran trader Peter Brandt highlighted this milestone,…

  • Why Saylor believes Microsoft should invest in Bitcoin

    Why Saylor believes Microsoft should invest in Bitcoin

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    V Sinclair

    The chairman of MicroStrategy, Michael Saylor recently presented a 44-slide presentation of why to invest Bitcoin in front of the Microsoft board. He argued with the board that strategically investing in Bitcoin could help the company’s market capitalization and stock price reach new heights.  As per Saylor’s beliefs, the investment of Microsoft in Bitcoin could…

  • Today in Crypto: Major Bitcoin Loss, Solana’s Developer Boom, and Grayscale’s New Funds

    Today in Crypto: Major Bitcoin Loss, Solana’s Developer Boom, and Grayscale’s New Funds

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    Issac Lane

    A crypto user, known as “Anchor Drops” on X (formerly Twitter), has reported the loss of 10 Bitcoin (approximately $1 million) and $1.5 million worth of NFTs, allegedly stolen from their Ledger Nano S hardware wallet. The incident has been linked to a phishing attack dating back to February 2022. A post by community member…

  • Crypto Trading Skyrockets Post-Elections, Hits New Milestones

    Crypto Trading Skyrockets Post-Elections, Hits New Milestones

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    Oscar

    November witnessed a remarkable surge in crypto trading, driven by renewed investor enthusiasm following the U.S. general elections. Centralised exchanges and derivatives platforms reported record-breaking growth, signaling a bullish shift in the market. Spot Trading Volume Soars Crypto spot trading volume surged by 141% in November, with South Korea’s Upbit leading the charge with a…

  • Crypto.com Joins Forces with Deutsche Bank to Expand Banking Capabilities

    Crypto.com Joins Forces with Deutsche Bank to Expand Banking Capabilities

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    Oscar

    Crypto.com, a leading cryptocurrency exchange, has announced a strategic partnership with Deutsche Bank, Germany’s largest financial institution and a global corporate banking leader. This collaboration aims to bolster Crypto.com’s corporate banking capabilities across key markets such as Singapore, Australia, and Hong Kong, positioning the platform for continued international growth. Commitment to Security and Innovation Karl…

  • Crypto Market in Turmoil as XRP Drops 12% and $1 Trillion Wiped Out

    Crypto Market in Turmoil as XRP Drops 12% and $1 Trillion Wiped Out

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    Oscar

    The cryptocurrency market faced a severe downturn this week, with top tokens recording substantial losses and over $1 trillion in value erased within 24 hours. Here’s a breakdown of the developments: XRP, DOGE, and ADA Take a Hit Ripple-affiliated XRP plunged 12%, hitting an intraday low of $2.07. Dogecoin (DOGE) and Cardano (ADA) also tumbled,…