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  • The Blockchain Group, Smarter Web Company and Semler Scientific buy over 500 Bitcoin on Monday

    The Blockchain Group, Smarter Web Company and Semler Scientific buy over 500 Bitcoin on Monday

    Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

    • The Blockchain Group and the Smarter Web Company have increased their exposure to Bitcoin.

    • US-based healthcare technology company Semler Scientific also reported a fresh Bitcoin purchase of 187 BTC.

    • Earlier in the day, Metaplanet announced adding 2,204 BTC to its treasury.

    France-based The Blockchain Group and the United Kingdom’s Smarter Web Company have increased their exposure to Bitcoin, joining a growing number of corporates bolstering digital asset reserves.

    In a Monday announcement, The Blockchain Group disclosed the purchase of 116 Bitcoin for approximately €10.7 million ($12.55 million).

    Meanwhile, the Smarter Web Company announced it had acquired 226.42 BTC for £17.9 million ($24.34 million).

    The acquisitions took place at an average cost of roughly $106,000 and $106,750 per coin, respectively.

    Following the purchases, The Blockchain Group’s Bitcoin holdings now stand at 1,904 BTC, while the Smarter Web Company holds around 1,000 BTC.

    Alexandre Laizet, deputy CEO of The Blockchain Group, stated in a post on X (formerly Twitter) that the firm’s Bitcoin yield in 2025 had reached 1,348.8%.

    The Smarter Web Company reported a year-to-date yield of 26,242%.

    Semler Scientific also buys BTC

    Also on Monday, US-based healthcare technology company Semler Scientific reported a fresh Bitcoin purchase of 187 BTC for approximately $20 million, according to an 8-K filing with the US Securities and Exchange Commission.

    The Nasdaq-listed firm acquired the coins at an average price of $106,906 per bitcoin between June 4 and July 2.

    As of July 2, Semler said it had sold 4.1 million shares under the ATM program, raising $156.6 million in net proceeds.

    The company’s total Bitcoin holdings now stand at 4,636 BTC, acquired at an average price of $92,753 per coin.

    Based on current market prices, Semler is sitting on approximately $72 million in unrealized gains, with total acquisition costs — including fees and expenses — amounting to $430 million.

    The corporate rush for Bitcoin

    The uptick in corporate Bitcoin purchases reflects a broader trend driven by favorable market conditions, ETF inflows, and rising institutional interest.

    Firms such as Strategy — the world’s largest corporate holder of Bitcoin — continue to lead this movement.

    Strategy on Monday disclosed that its unrealized gains had reached $14 billion in the second quarter of 2025, surpassing prior expectations of $13 billion.

    The company’s latest acquisition, announced on June 30, involved the purchase of 4,980 BTC for $531.1 million.

    Separately, Japan’s Metaplanet added 2,204 BTC to its treasury on Monday, spending $237 million.

    The company now holds 15,555 BTC at an average price of approximately $99,985 per coin.

    The continued accumulation by public companies underscores the growing perception of Bitcoin as a treasury reserve asset.

    As market participants await Q3 activity, corporate interest appears to be sustaining momentum amid macroeconomic uncertainty and evolving digital asset regulation.

     
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  • Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill

    Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill

    Michigan clears 4 crypto bills as Congress revives blockchain regulatory act

    • Michigan’s HB 4510 allows pension funds to invest in crypto ETFs.
    • HB 4512 enables Bitcoin mining at abandoned oil or gas wells.
    • HB 4513 offers income tax breaks to miners in remediation schemes.

    State and federal lawmakers are charting a new course for cryptocurrency in the United States.

    In Michigan, a legislative package of four crypto-focused bills is moving forward, combining pension fund exposure, environmental cleanups, and digital asset rights.

    At the same time, lawmakers in Washington have reintroduced a bill to clarify the regulatory obligations of blockchain developers and non-custodial providers.

    These coordinated efforts aim to balance innovation with accountability, as regulators seek to provide legal clarity without stifling decentralised finance.

    The push reflects a growing political will to define crypto’s role within the broader financial and technological landscape.

    Michigan bill allows crypto in pension funds

    One of the most significant pieces of Michigan’s legislation is House Bill 4510, which would permit state-managed retirement systems to invest in cryptocurrencies through regulated financial products, such as exchange-traded funds (ETFs).

    These investment vehicles must meet market capitalisation thresholds and be overseen by relevant financial authorities, offering a relatively conservative pathway for exposure to assets like Bitcoin.

    The proposal comes amid rising institutional interest in crypto and growing demand for diversified, inflation-resistant portfolios.

    If passed, the bill would position Michigan among a small group of US states, enabling public pension managers to hold crypto-linked assets under regulatory safeguards.

    Mining linked to abandoned wells and tax breaks

    In a bid to align crypto with environmental responsibility, Michigan’s HB 4512 and HB 4513 introduce an energy reuse programme targeting abandoned oil and gas wells.

    Under the plan, Bitcoin miners would be allowed to power operations using these dormant energy sites, provided they remediate environmental damage.

    Ownership transfers, well site assessments, and environmental progress tracking would be mandated under the bill, ensuring accountability.

    In return, miners participating in the scheme would qualify for income tax deductions under HB 4513.

    The measures are designed to attract miners with incentives while tackling legacy pollution problems.

    The bills reference Bitcoin explicitly and focus on “orphan well programmes” as a potential win-win for the energy and crypto sectors.

    State protection against CBDCs and digital discrimination

    Another critical element of Michigan’s proposal is House Bill 4511.

    This bill would prohibit state and local authorities from creating restrictions, licensing rules, or special taxes targeting digital assets solely based on their digital form.

    It also bans any state agency from endorsing or promoting a central bank digital currency (CBDC), drawing a clear line between decentralised cryptocurrencies and government-backed digital money.

    The legislation signals a strong defence of crypto users’ rights within Michigan, providing legal backing for miners, node operators, and token holders against targeted regulatory pressure.

    If adopted, it could set a precedent for other states seeking to protect decentralised finance ecosystems.

    Federal legislation aims to clarify developer rules

    While Michigan pursues state-level crypto integration, Washington is moving ahead with national reform.

    US Representatives Tom Emmer and Ritchie Torres recently reintroduced the Blockchain Regulatory Certainty Act, which seeks to establish clear boundaries on who qualifies as a “money transmitter” under federal law.

    The Act would exempt developers and non-custodial service providers, such as those who build blockchain protocols or run interfaces that never hold user funds, from financial licensing requirements.

    Only those who directly control consumer assets would be subject to oversight.

    The lawmakers argue this clarification is needed to keep blockchain talent and startups within the US, rather than pushing them offshore.

    “Today, @RepRitchie and I introduced the Blockchain Regulatory Certainty Act to protect blockchain developers and service providers that never custody consumer funds from unjust government prosecution,” Emmer posted on X on 3 May.

    The bill aims to address regulatory uncertainty that critics say has slowed domestic blockchain innovation and led to uneven enforcement.

    By drawing a regulatory line between developers and custodians, the bill hopes to ease legal pressures on creators and infrastructure providers.

     

     

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  • Blockchain Forum 2025: Global crypto leaders to meet in Moscow

    Blockchain Forum 2025: Global crypto leaders to meet in Moscow

    The countdown is on for the highly anticipated 14th Blockchain Forum, set to take place in the heart of Moscow on April 23-24, 2025.

    As the CIS market continues to solidify its global role in the cryptocurrency industry, this year’s forum is expected to attract over 15,000 participants, featuring some of the most influential names in Web3, cryptocurrency, and mining from more than 130 countries.

    The last event in Dubai generated significant buzz ahead of the bull run, bringing together industry leaders from Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, and Delysium.

    As always, attendees can look forward to exclusive insights from market leaders, behind-the-scenes discussions, and countless networking opportunities. Founders and top executives from major companies will unveil strategies for capitalizing on current seasonal trends.

    Simultaneous translation of all presentations of worldwide stars into English will be provided free of charge.

    In addition, industry giants and opinion leaders will converge at the forum, vying for prestigious accolades at the Blockchain Life Awards, which will celebrate its 12th edition this year. This presents a unique opportunity to encounter CEOs of major exchanges and founders of renowned projects just on their way to the main stage, making exclusive connections more accessible than ever. Don’t miss your chance for invaluable networking opportunities!

    The presale is in full swing — secure your tickets now, as prices are expected to increase dramatically as the forum date approaches. We’ll see you there.

    Enjoy a 10% discount using the promo code COINJOURNAL at https://blockchain.forum/en

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  • BTCC Exchange’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees

    BTCC Exchange’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees

    BTCC’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees
    • Over 9,000 people showed up for the Paris Blockchain Week attendees.
    • The event was held at the Carrousel du Louvre.
    • The fusion of classical art and modern cryptocurrency served as a focal point of the event

    BTCC Exchange made waves at Paris Blockchain Week with its innovative blend of Renaissance art and Bitcoin, captivating over 9,000 attendees at the prestigious event held at the Carrousel du Louvre from April 9 to 11.

    Artistic fusion at Paris Blockchain Week

    Paris Blockchain Week attendees were greeted by BTCC Exchange’s Renaissance-themed booth, adorned with a vibrant Mona Lisa backdrop and quirky reinterpretations of famous paintings from the era.

    The fusion of classical art and modern cryptocurrency served as a focal point of the event, sparking conversations and garnering attention from industry professionals and enthusiasts alike.

    Alex, Head of Operations at BTCC Exchange, emphasized the significance of intertwining historical art with the revolutionary concept of Bitcoin.

    Drawing parallels between the enduring legacy of Renaissance masterpieces and the disruptive nature of cryptocurrency, Alex highlighted Bitcoin’s role in challenging traditional financial paradigms and reshaping global economic landscapes.

    Alex further reiterated the exchange’s commitment to creativity and innovation, likening Bitcoin to the timeless artworks they paid tribute to. He said that just as Renaissance paintings have outlasted their contemporaries due to their innovative approaches, BTCC Exchange aims to leave a lasting impact by pushing the boundaries of conventional thinking in the crypto space.

    BTCC Exchange not only showcased its creative prowess at the Paris Blockchain Week but also underscored its longevity and resilience in the competitive crypto industry. With a track record spanning over a decade and boasting an impressive zero security incidents record since its inception in 2011, BTCC Exchange continues to be a key player in the crypto exchange landscape.

    BTCC Exchange anniversary in June

    Following the success of its presence at Paris Blockchain Week, BTCC Exchange looks ahead to celebrating its 13th anniversary in June with promising partnerships and exciting news on the horizon.

    With features catering to both beginners and experienced traders, including copy trading and up to 225x leverage for perpetual futures, BTCC Exchange remains at the forefront of the industry’s evolution.

    As the world’s longest-serving crypto exchange, BTCC Exchange continues to demonstrate its creative and innovative spirit while staying true to its mission of providing a secure and user-friendly platform for cryptocurrency enthusiasts worldwide.

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  • Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands

    Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands

    • TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion.
    • Senator Warren’s involvement is seen as part of a broader political strategy.
    • Bitcoin mining faces scrutiny for energy consumption, environmental impact.

    In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have filed a lawsuit, alleging unlawful data collection demands targeting the Bitcoin mining sector.

    EIA’s data collection plan 

    Last month, the EIA announced plans to collect data on electricity consumption by certain US-based crypto miners, effective from early February. Commercial miners were mandated to disclose intricate details, including the types of machines used and the locations of their mining operations. The controversial move followed an emergency approval from the Office of Management and Budget on January 26.

    TBC, a non-profit association, expressed concerns over the sensitive nature of the information requested, fearing potential public disclosure. The council sees this as a direct assault on private businesses, characterizing it as a political manoeuvre under the guise of an emergency.

    The TBC points fingers at Senator Elizabeth Warren and the Biden administration, accusing them of orchestrating a targeted effort against the digital asset industry. The EIA’s push for oversight is viewed as an intrusion and a worrying escalation in monitoring and regulating the cryptocurrency sector.

    As part of a broader strategy, Senator Warren and other Democratic lawmakers had previously urged major US crypto mining companies to disclose their energy usage. The current legal action represents a firm industry backlash against what is perceived as increased regulatory scrutiny.

    Bitcoin Mining realities and environmental considerations

    The EIA, in a report dated February 1, highlighted a significant jump in annual electricity consumption by crypto miners, from 0.6% to 2.3%. Despite the benefits of Bitcoin mining, such as network decentralization and profit opportunities, the industry faces growing scrutiny due to its environmental impact.

    The Rocky Mountain Institute estimates global Bitcoin mining consumes around 127 terawatt-hours annually. This has sparked debates about the environmental sustainability of the industry. Proponents argue that compared to traditional sectors like banking, Bitcoin’s energy usage is relatively lower, but critics remain concerned about its contribution to global energy consumption.

    As the legal battle unfolds, the cryptocurrency industry finds itself at the crossroads of regulatory pressures and environmental accountability, navigating the delicate balance between innovation and responsibility.

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  • Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

    Solana integrates Filecoin to boost its blockchain; Bitcoin Dogs gains momentum

    • Solana has partnered with Filecoin to boost its blockchain’s reliability and scalability.
    • Bitcoin Dogs has raised over $1.7 million as the crypto community flock to the world’s first ICO on Bitcoin.

    Solana is looking to bolster its blockchain network with a key partnership with decentralized storage platform Filecoin. Meanwhile, Bitcoin Dogs is storming through its presale as the crypto community takes note of its potential.

    Solana and Filecoin partner

    In one of the groundbreaking developments this week, Filecoin, the decentralized data storage marketplace and crypto platform, announced it had integrated with Solana, the blockchain network home to a bustling token ecosystem.

    Filecoin said in a statement that the collaboration will see Solana tap into Filecoin’s infrastructure to bolster the reliability and scalability of its network. The partnership comes a few days after Solana suffered an outage and is a major move that signals the blockchain platform’s focus on further traction. 

    Tapping into Filecoin’s decentralized storage solutions makes Solana’s block history not just more accessible, but also readily usable for the community, including indexers, explorers and infrastructure providers.

    “By leveraging Filecoin’s decentralized storage capabilities, @solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos,” the Filecoin team said.

    Solana price

    Solana’s price rallied to highs of $118 despite the recent downtime and although its down 2.3% in the past 24 hours, its poised above the psychological $100. Analysts expect SOL to skyrocket in coming months alongside the broader altcoin market. Ethereum spot ETF approval in May could add to the tailwinds from Bitcoin’s halving to push the market higher.

    Bitcoin Dogs’s presale enthralls crypto investors

    Bitcoin Dogs is a new crypto project that’s currently storming through its presale, with over $1.6 million already raised less than 72 hours after the historic ICO launched.

    As detailed in their whitepaper, Bitcoin Dogs is a gaming and NFT platform set to lead the next growth era for Bitcoin Ordinals. With the Bitcoin Layer-2 ecosystem thriving amid projects such as Stacks, Bitcoin Dogs is coming in to open the landscape further with gaming, NFTs and BRC-20 tokens.

    $0DOG, the native Bitcoin Dogs token, is indeed the world’s first ICO on Bitcoin. The token will power the new project’s ecosystem, offering holders access to the 10K NFT Collection and Bitcoin Dogs Club. A blend of interactive gameplay, $0DOG rewards and fun all come to Bitcoin as the community shows their love for the beloved pets.

    A total of 900 million $0DOG tokens are minted, with the presale offering 90% or 810 million of the total supply to early bird investors. To capture the current momentum and build into its potential, the Bitcoin Dogs team has outlined a 10-stage ICO that will run for 30 days only.

    Is Bitcoin Dogs worth buying?

    The crypto investment community that hailed projects like Axie Infinity, Tamagotchi and BAYC, is excited about Bitcoin Dogs. In particular, investors see $0DOG as standing out from the rest for its pioneering ICO on Bitcoin and the potential to drive the gaming ecosystem on the flagship blockchain network.

    The outlook is more apparent given the prevailing market sentiment, with crypto on the cusp of a major rally led by Bitcoin. In this case, an early bet on $0DOG at the current presale values could be worth a huge return in coming months.

    Read more about $0DOG here.

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  • 5IRE token launches on Bybit, pioneering sustainable blockchain era

    5IRE token launches on Bybit, pioneering sustainable blockchain era

    • The 5ire token (5IRE) has successfully debuted on the Bybit exchange.
    • With a community comprising entrepreneurs, developers, and sustainability advocates, 5ire emphasizes inclusivity and collaboration.
    • 5IRE has inked strategic collaborations with governments, universities, and enterprises globally, including the Government of India’s NITI Aayog.

    In a groundbreaking move, the 5ire token (5IRE) has successfully entered the Bybit exchange, signalling a positive shift in the blockchain landscape.

    This innovative cryptocurrency introduces a new paradigm, marrying profitability with a commitment to global sustainability.

    What is 5ire?

    At the heart of 5ire’s success is its unique approach grounded in the principles of the fifth industrial revolution. Unlike traditional blockchains notorious for energy consumption, 5ire adopts a Sustainable Proof of Stake (SPoS) consensus, prioritizing environmental consciousness. This groundbreaking consensus mechanism not only ensures profitability for investors but also financially rewards sustainable practices.

    The 5ire community, comprising entrepreneurs, developers, and sustainability advocates, actively contributes to the platform’s growth, fostering inclusivity and collaboration. By emphasizing Environmental, Social, and Governance (ESG) factors, 5ire positions itself as a leader in ESG as a Service (ESGaaS), leveraging blockchain for streamlined measurement, reporting, and analysis.

    5ire’s strategic partnerships and real-world impact

    5IRE’s commitment to real-world impact is evident through strategic collaborations with governments, universities, and enterprises globally.

    Notable partnerships, including one with the Government of India’s NITI Aayog, underscore the platform’s role in shaping the next generation of blockchain developers and promoting sustainability.

    As 5IRE takes its place on Bybit’s trading platform, investors can actively participate in this innovative and environmentally conscious ecosystem. The live 5IRE/USDT trading pair on Bybit offers a secure and user-friendly avenue for investors to contribute to a greener and more innovative crypto landscape.

    With a focus on economic and environmental sustainability, 5IRE stands as one of India’s fastest-growing unicorns, driven by a global community committed to creatively utilizing the 5ireChain—an EVM-compatible smart contract platform aligned with the United Nations Sustainable Development Goals (UN SDGs).

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  • Bitcoin blockchain saw $8.2 trillion in transfers in 2022

    Bitcoin blockchain saw $8.2 trillion in transfers in 2022

    • CoinMetrics data shows the Bitcoin blockchain registered over $8 trillion worth of transfers in 2022.
    • According to the data, the total amount transferred via the blockchain fell off in the second half of the year.
    • Bitcoin also saw an increase in blockchain size and hashrate, with 16% and 56% annual growth rates respectively.

    Bitcoin continues to fluctuate below $17,000 as the cryptocurrency market enters 2023 on the back of continuing uncertainty after a brutal 2022.

    But while prices fell massively throughout the year to see Bitcoin trade nearly 60% down over the past year, data shows the flagship cryptocurrency still saw decent on-chain value transfer.

    Over $8 trillion transferred via Bitcoin blockchain

    According to data recently shared by crypto and blockchain analytics platform CoinMetrics, 2022 saw over $8.2 trillion worth of value transferred via the Bitcoin blockchain. The transactions amounted to value worth $260,000 per second transferred on the network.

    James Lopp, the co-founder and CTO of crypto custody startup Casa, shared the statistic on Twitter.

    Per the data, the most value was transferred in the first half of the year, with the largest chunk of these seen in March to early May. The bear market and the contagion that followed the demise of Terra Luna and several crypto-focused companies marked the beginning of a downturn that persisted throughout the year.

    Blockchain grew 16%, hashrate 56%

    Meanwhile, the Bitcoin blockchain size increased from 383.3 GB to 446 GB, showing an annual growth rate of roughly 16.4%.

    The network hashrate also increased despite the bear market crash that pushed multiple miners into bankruptcy. Data on total network hashrate growth for 2022 showed a 56% jump, from 175 exahashes per second (EH/s) to 274 EH/s.

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