Advertisements Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups. A picturesque landlocked nation between India and China has amassed bitcoin (BTC) holdings worth over $780 million in the past few years, nearly one-third of its gross domestic product (GDP) and the fourth-largest state-owned stash, according to on-chain analytics toolContinue reading “Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin”
Category Archives: Finance
Bitcoin Holds Above $58K as Odds of Big Fed Rate Cuts Jump to 67%
Advertisements Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago. Bitcoin (BTC) and broader crypto markets have changed little in the past 24 hours as traders await a Federal Open Market Committee (FOMC) meeting on Wednesday, where officials are expectedContinue reading “Bitcoin Holds Above $58K as Odds of Big Fed Rate Cuts Jump to 67%”
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations
Advertisements “Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps),” Marc Chandler, chief market strategist at Bannockburn Global Forex The coming week is shaping up to be that rare one when markets are left guessing about the Federal Reserve’s impending interest rate move. The peak uncertainty seemsContinue reading “Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations”
Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts
Advertisements PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain. Bitcoin (BTC) began the trading week down 3%, trading below $58,400, as the CoinDesk 20, a measure of the largest digital assets, was down 5%. BTC spent much of the weekend over $60,000 after favorable U.S. dataContinue reading “Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts”
Starknet Token Holders Ratify Plan to Implement Staking, in Landmark Decentralized Election
Advertisements The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year. Starknet token holders voted on Friday to implement staking on the layer-2 network, a proposal that’s been in the works since July, in a landmark governanceContinue reading “Starknet Token Holders Ratify Plan to Implement Staking, in Landmark Decentralized Election”
Bitcoin Bargain Hunters Active on Kraken and Coinbase, CCData Shows
Advertisements Bargain hunters are active on Kraken and Coinbase, snapping up coins at perceived discounts as selling pressure from other exchanges keeps prices under pressure. Bitcoin (BTC) bargain hunters are active on Kraken and Coinbase (COIN), snapping up coins at perceived discounts as selling pressure from other exchanges the leading cryptocurrency under pressure. Data trackedContinue reading “Bitcoin Bargain Hunters Active on Kraken and Coinbase, CCData Shows”
Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
Advertisements SUI outperformed the market, rising over 16%, possibly due to Grayscale’s new Sui Trust announcement. Bitcoin (BTC) rose above $58,000 during the Asian morning hours on Thursday on the back of a rally in U.S. technology stocks and gains in the Asian equity market. However, spot bitcoin exchange-traded funds (ETFs) in the U.S. slippedContinue reading “Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms”
AI Tokens ICP, FET Buck Crypto Market Drop as Apple Flags Artificial Intelligence Foray
Advertisements The iPhone maker’s “It’s Glowtime” event on Monday focused on bringing AI capabilities to the smartphone. Native cryptocurrencies of blockchain endeavors supposedly involved with artificial intelligence (AI) outshone the broader market after iPhone maker Apple (AAPL) showcased its efforts to bring the technology to its smartphones. AI-focused decentralized blockchain platform Internet Computer Protocol’s ICPContinue reading “AI Tokens ICP, FET Buck Crypto Market Drop as Apple Flags Artificial Intelligence Foray”
Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says
Advertisements September could be another difficult month for the miners as bitcoin remains under $60K and the network hashrate continues to rise, the report said. Bitcoin (BTC) mining was much less profitable in August than July as the average bitcoin price fell over 4% and the average network hashrate rose about 2.7%, investment bank JefferiesContinue reading “Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says”
Bitcoin Bottom In? BTC Order Book Liquidity Says Yes
Advertisements Liquidity both close to and further away from the going market rate has declined, hinting at an impending bull reversal. Bitcoin (BTC) order books, which show the supply and demand dynamics for the largest cryptocurrency, are signaling a potential price bottom and a bullish shift on the horizon. Data tracked by Hyblock Capital showsContinue reading “Bitcoin Bottom In? BTC Order Book Liquidity Says Yes”
Crypto Exchange Woo X Introduces Copy Trading, With a Twist
Advertisements The exchange’s version of social trading comes with a countertrade feature as well as more transparent and equitable profit sharing. Cryptocurrency exchange Woo X has introduced what it says is an enhanced and fairer version of copy trading, a way of emulating the expertise of seasoned traders by mimicking their market activities, the firmContinue reading “Crypto Exchange Woo X Introduces Copy Trading, With a Twist”
Blockstream Mining Starts Third Investment Round for Hashrate-Backed Tokenized Note
Advertisements The EU-compliant security token gives investors exposure to the hashrate over a four-year period. Blockstream Mining said it is opening a third round of investment for its hashrate-backed tokenized note, which gives participants a slice of the bitcoin (BTC) earned from the company’s mining activities over the next four years. Two earlier rounds ofContinue reading “Blockstream Mining Starts Third Investment Round for Hashrate-Backed Tokenized Note”
Ether CME Futures Volume Shrinks as ETH ETFs Disappoint, Crypto Market Ducks Risk
Advertisements The decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ether ETFs, according to CCData. Exchange-traded funds (ETFs) tied to the ether (ETH) price debuted in the U.S. late July, opening doors for investors seeking exposure to the cryptocurrency while bypassing the hassleContinue reading “Ether CME Futures Volume Shrinks as ETH ETFs Disappoint, Crypto Market Ducks Risk”
Bitcoin Mining Profitability Is Stuck at Record Lows, JPMorgan Says
Advertisements Miners earned an average of $43,600 per exahash a second in daily block rewards last month, the lowest rate on record, the report said. Bitcoin (BTC) mining profitability is stuck at record lows, JPMorgan (JPM) said in a research report on Tuesday. “We estimate bitcoin miners earned an average of $43,600 per EH/s inContinue reading “Bitcoin Mining Profitability Is Stuck at Record Lows, JPMorgan Says”
TradFi Companies ‘Want to Transact in Bitcoin,’ Says Cantor Fitzgerald CEO
Advertisements Howard Lutnick was picked by Donald Trump to chair his presidential transition team last month Cantor Fitzgerald CEO Howard Lutnick has said traditional financial (TradFi) companies “want to transact in bitcoin” as a new asset class but are being held back by the existing requirements of U.S. regulators. Lutnick said in an X postContinue reading “TradFi Companies ‘Want to Transact in Bitcoin,’ Says Cantor Fitzgerald CEO”