Despite Bitcoin’s market correction, the asset remains strong while many altcoins have sunk back to bear market depths. Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on...
$21 Billion to Buy Bitcoin: Strategy Announces Preferred Stock Offering to Fund Additional BTC Purchases
Strategy plans to raise $21 billion through a preferred stock offering, with funds focused on Bitcoin and business expenses. Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according...
“Never Sell Your Bitcoin”: Trump, Treasury Deliver Remarks At White House Crypto Summit
Treasury Secretary Bessent said he wants to create US dollar hegemony worldwide using stablecoins. President Donald Trump hosted the first White House Digital Asset Summit on Friday, with a handful of major crypto executives and relevant members of his administration. Trump repeated his promises from his Thursday executive order to...
David Sacks Confirms Selling Crypto Holdings Before Joining Trump Administration
Sacks sold his Bitcoin, Ethereum, and Solana holdings before becoming Trump’s Crypto Czar, undergoing an official ethics review. White House AI and Crypto Czar David Sacks has confirmed that he sold all his cryptocurrency holdings before taking up his role in the Trump administration. Some of the assets the official...
Bitcoin or Nothing: Altvest’s Board Chairman Dismisses Other Blockchain Projects
Masie sees Bitcoin as the ultimate cryptocurrency, but other blockchains are interesting computer science projects. A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury...
Metaplanet to Join the MSCI Japan Index in February
Metaplanet’s addition to the MSCI Japan Index is expected to drive passive investment from ETFs and institutional funds. Metaplanet, a Japanese Bitcoin investment firm, is set to be included in the MSCI Japan Index on February 28, a move expected to drive significant investment inflows. This development comes as the...
HIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M
The Yguazú facility, 80% complete, will add 6 EH/s to HIVE’s mining capacity by Q2 2025, with hydro-cooled ASICs set to enhance efficiency. HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of...
Vitalik Buterin Rejects Bitcoin Allocation Rule, Stays Committed to Ethereum
Vitalik Buterin dismissed calls to allocate 10% of portfolios to Bitcoin and reaffirmed his commitment to Ethereum over diversification. Ethereum co-founder Vitalik Buterin has addressed a claim by crypto analyst Udi Wertheimer, who suggested that every investor should allocate at least 10% of their portfolio to Bitcoin. Buterin disagreed, revealing...
Crypto Market Reacts More to FUD Than Positive News: Nansen
Nansen says the market needs more good earnings reports for positive sentiment to override negative news again. A new report by the on-chain analytics platform Nansen has disclosed that the crypto market appears satiated for now and is reacting more to negative sentiment than positive news. The report discussed U.S....
Roger Ver Seeks Donald Trump’s Help Amid Potential US Extradition
Ver claims U.S. authorities are targeting him for his crypto activism, urging Trump’s support to avoid a potential 109-year prison sentence. Roger Ver has publicly pleaded for assistance from U.S. President Donald Trump, expressing fears that he could soon face extradition from Spain to the United States. In a video...
