In recent weeks, the Bitcoin price has been making a comeback to previous heights, sparking optimism among investors. Despite a relatively quiet week for the premier cryptocurrency, on-chain insights suggest that the market might not remain inactive for long. Popular crypto pundit Ali Martinez highlighted in a post on the X platform that Bitcoin miner
admin
Ferrari, the renowned Italian luxury sports car manufacturer, has recently revealed its plans to broaden its cryptocurrency payment system to its network of European dealers starting at the end of July. By the year 2024, the company aims to extend its crypto transaction options to additional countries within its global dealership network where digital currencies
Senator Cynthia Lummis has introduced a groundbreaking new legislation that proposes the creation of a Bitcoin strategic reserve for the United States. This reserve aims to accumulate at least 1 million BTC, which represents 5% of the total Bitcoin supply. The announcement of this bill came during the Bitcoin2024 conference, following a keynote speech by
Recently, a group of Democrat politicians penned a letter to the Democratic National Committee (DNC) calling for a change in the party’s anti-crypto policies. The letter emphasized the potential of digital assets and blockchain technology for American innovation and economic growth. However, the Democratic party has been largely perceived as anti-crypto due to the Securities
Cardano is currently in a critical phase with the impending Chang hard fork, marking a significant milestone for the network. The recent upgrade of its node validation software has set the stage for this major update, which is expected to have a significant impact on the Cardano ecosystem. As the network prepares for this transition,
President Donald J. Trump has made bold statements regarding his vision for Bitcoin in the United States. He aims to position the US as a “Bitcoin superpower” and maintain its dominance in the cryptocurrency space against competitors such as China. Trump has expressed his commitment to ensuring that the US government holds onto its Bitcoin
Marathon Digital, a leading Bitcoin mining company, recently announced a massive $100 million investment in BTC, despite previous price drops in the cryptocurrency market. This significant investment showcases the mining giant’s unwavering confidence in the long-term potential of Bitcoin. With this latest BTC acquisition, Marathon Digital has increased its balance sheet holdings to approximately 20,000
The launch of spot Ethereum ETFs last Tuesday was met with initial enthusiasm, as evidenced by the $106 million in net flows on the first day. However, this optimism quickly dissipated as the following days saw significant outflows totaling $341.8 million. In comparison, spot Bitcoin ETFs had a much more successful start, with inflows totaling
Semilore Faleti is a prominent cryptocurrency writer known for his expertise in journalism and content creation within the blockchain and cryptocurrency space. With a focus on educating both newcomers and veterans in the industry, Semilore has made significant contributions to the understanding and adoption of digital assets. Starting his career by writing on various topics,
The cryptocurrency industry has faced a series of ups and downs in 2024, with the approval of exchange-traded funds (ETFs) tracking Ethereum’s performance by the US Securities and Exchange Commission being one of the highlights. While the initial enthusiasm surrounding the ETF launch led to substantial inflows, the market quickly turned sour in the following