Bitcoin (BTC) drops below $57K again amid strong selling pressure
Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity. Bitcoin (BTC) has once again slipped below $57,000 as its turbulent […]
Bitcoin Dogs (0DOG) surges as Bitcoin (BTC) demand increases in the US
Bitcoin Dogs’ token 0DOG surges after launching a high-APY liquidity pool. Rising Bitcoin interest in the US boosts 0DOG’s value amid broader market trends. Despite a US demand spike, global Bitcoin demand and profits remain weak. The cryptocurrency market is abuzz with recent developments as Bitcoin Dogs’ native token, 0DOG, experiences a dramatic surge amidst […]
Texas approves debtor-in-possession financing plan for BTC miner Rhodium
Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is offered by Galaxy Digital. Galaxy Digital offers Rhodium a $30M loan or 500 BTC with a 9.5%-14.5% interest. Rhodium Enterprises, a Texas-based Bitcoin mining firm, has recently garnered significant attention following its Chapter […]
Crypto downturn sees BTC touch $58k;Bitcoin Dogs fluctuates
Bitcoin (BTC) touched lows near $58k as cryptocurrencies witnessed a sharp sell-off. 0DOG token tumbled amid Bitcoin’s losses. Bitcoin dived more than 6% in the past 24 hours to trade below $59,000. The crypto market capitalization also tumbled as a sea of red engulfed altcoins Major altcoins saw huge declines to push the total market […]
Babylon Bitcoin staking drives BTC fees higher as mainnet launches
Babylon’s Bitcoin staking launch on August 22 drove transaction fees to $132-$137. Over 12,700 stakers quickly filled the “locking-only phase” of Babylon’s program. Babylon raised $70M in May 2024, following an $18M Series A in December 2023. On August 22, Babylon, a pioneering Bitcoin staking system, marked a significant milestone with the launch of the […]
Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B
Michael Saylor personally holds $1 billion in Bitcoin, owning 17,732 BTC. MicroStrategy holds 226,500 BTC, valued at over $12 billion, with a $37,000 average cost. Saylor views Bitcoin as a superior, secure asset and advocates continuous investment. In a recent interview on Bloomberg Television, Michael Saylor, the Chairman of MicroStrategy, revealed he holds Bitcoin worth […]
Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC
Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and […]
Bitstamp to distribute Mt. Gox BTC from July 25
Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25. The exchange will have a separate distribution plan for customers in the UK. Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin (BTC) from Mt. Gox and that it would begin distribution to creditors on Thursday. The exchange […]
Metaplanet loads more bitcoins with 42,466 BTC purchase
Metaplanet, a Japanese firm, increases Bitcoin holdings with $2.5M purchase. Metaplanet now holds 203,734 BTC, acquired at $62,000 per Bitcoin on average. This latest acquisition brings Metaplanet’s total Bitcoin holdings to an impressive 203,734 BTC. In a bold move amidst fluctuating cryptocurrency markets, Metaplanet, a publicly-listed investment and consulting firm based in Japan, has purchased […]
K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)
Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors. The payout process could commence as early as next month. All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event. Mt. Gox, once a major player in the cryptocurrency […]