#bitcoin

Bitcoin’s recent surge beyond $42,000 ignites discussions about a potential supercycle, with enthusiasts eyeing a lofty $500,000 target. According to a Monday report from Bloomberg, this surge has caught the attention of both Wall Street and the digital assets community, signaling a new monetary order. Moreover, throughout the industry, experts have offered a wide spectrum […]

El Salvador’s President, Nayib Bukele, proudly announced substantial profits from the country’s Bitcoin investment, defying earlier criticism. In a recent X (formerly Twitter) post, Bukele shared a promising update on El Salvador’s crypto venture, solidifying its position as a trailblazer in cryptocurrency adoption. El Salvador's #Bitcoin investments are in the black! After literally thousands of […]

Galaxy Digital CEO Mike Novogratz has praised Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ), seeing it as a positive development for the cryptocurrency giant. Novogratz believes the settlement addresses concerns, making Binance less risky for investors. In a Bloomberg interview on Nov. 29, Novogratz emphasized the importance of a reasonable […]

Phoenix Group’s planned public trading debut on the Abu Dhabi Securities Exchange has been rescheduled for December 5, 2023, in observance of the UAE National Day. Phoenix Group, a crypto mining company, is gearing up for its anticipated public trading debut. The presale on Nov. 21 witnessed significant oversubscription, paving the way for the company’s […]

A recent working paper challenges claims by anti-crypto politicians, asserting Bitcoin mining aids clean energy and grid stability. Authored by Bitcoin advocates and ERCOT’s former president, the paper underscores Bitcoin mining’s adaptability and rapid response. It emphasizes its role in enhancing grid flexibility for integrating renewable energy. The paper, “Leveraging Bitcoin Miners as Flexible Load […]

BitMEX co-founder Arthur Hayes has shared his insights concerning a potential Bitcoin (BTC) rally on platform X. Alongside a chart depicting changes in net Reverse Repurchase Agreements (RRP) and Treasury General Account (TGA) balances, Hayes specifically referred to US Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In his statement, Hayes advised fellow Bitcoin enthusiasts […]

Recent moves by the largest cryptocurrency exchange, Binance, to remove several bitcoin-Ethereum pairings have caused a stir as they are under more regulatory scrutiny. The move is meant to address legal obstacles that have been affecting the digital assets industry with effect from Nov. 28. Binance announced the delisting of Bitcoin and Ethereum cross-margin and […]

U.S. Securitie­s and Exchange Commission folks met with Grayscale­ on November 20. The aim? Grayscale­ wants to put a Bitcoin ETF on the list. BlackRock and Nasdaq teams also talked with the­ U.S. Securities and Exchange Commission. What about? A ne­w rule. It allows for a Bitcoin exchange-trade­d fund, or ETF, to be listed on […]

Creditors of Mt. Gox, a now-defunct crypto exchange that ceased operations after losing 850,000 BTC in a 2014 hack, have reportedly received an email hinting at soon-to-come repayments. On November 21, Nobuaki Kobayashi – the trustee overseeing Mt. Gox’s bankruptcy proceedings – started sending out emails to rehabilitation creditors about the commencement of repayments, as […]