MicroStrategy Inc., the largest corporate Bitcoin buyer and one of the most dominant stocks on the public trading exchanges, said it was going to perform a 10-to-1 stock stock split, a move designed to make the stock more widely held by shareholders and employees. The company’s shares have skyrocketed about 1,000% since MicroStrategy first invested […]
Bitcoin’s price jumped 2.8 per cent, to $58,870.5, on Wednesday as bargain hunters snapped up the token after its recent price drops, even as the wider mood turned cautious as buyers worried about the possibility of large-scale sales by Mt Gox and the German government. Mt Gox has started moving around $9 billion of Bitcoin,
It’s not exactly a ringing endorsement of Bitcoin’s prospects, is it? Currently, technical analysis shows that Bitcoin has a bit further to fall before we can say with certainty that it has bottomed out and will soon be headed for new all-time highs. Bitcoin’s Profit and Loss Index from CryptoQuant. 365-Day Moving Average in GreenThe
The Importance of Securing Cryptocurrency Investments Cryptocurrency isn’t just a new investment product but has become the main focus of financial conversations across the world. Its meteoric rise has firmly positioned it in the radar of most governments, after Bitcoin’s and a few other cryptocurrencies’ valuation (such as Ethereum and Ripple) saw major jumps in
To celebrate its first anniversary, Flipster—a rapidly growing cryptocurrency derivatives trading platform—announced two 75,000 USDT competitions and four 75,000 USDT mini-awards. In its first year of operation, Flipster saw its trading volume grow by 1,943 per cent, while its net assets grew by 3,998 per cent. Featuring a daily trading volume exceeding US$480 million and
The chair of the US Commodity Futures Trading Commission (CFTC), Rostin Behnam, has lobbied to have the CFTC regulate the two biggest cryptocurrencies, Bitcoin and Ethereum, as commodities. In a speech before the US Senate Committee on July 9, he cited a recent ruling in the US state of Illinois, from an appellate case on
The right-wing Heritage Foundation think tank launched Project 2025, an ambitious reform agenda aimed at sweeping administrative changes for every department of government – including abolishing the Federal Reserve in favour of a commodity-backed currency regime potentially involving cryptocurrencies such as bitcoin. Trump – positioning himself to win back the Presidency in 2024 – insists
Stock markets continue to hit record highs with the S&P 500 and Nasdaq heading upwards in late June buoyed by the news that the Federal Reserve Chair Jerome Powell might cut rates in September. Despite Powell going to town on debt late last year and continuing to issue warnings about its corrosive effect on the
The economist – outspoken critic of Bitcoin – posted on his social media site X: ‘ETF investors are buying the great Bitcoin scam. The stupid money buys the dips in the ETFs, while the smart money sells the Bitcoin directly in the spot market.’ Pettersson has observed similar patterns. ‘We recently saw a strong sell-off
Goldman Sachs is getting ready to expand its crypto offerings as client demand picks up and the broader financial industry moves toward crypto. The Goldman Sachs executive leading the bank’s digital asset business told Bloomberg he wanted to increase the bank’s digital assets proposition and tokenise more real-world assets, including money market funds and real
