A falling dollar is causing more and more Wall Street firms to invest in Bitcoin. Last week alone, various Bitcoin ETFs saw a massive inflow of around $1.7 billion, coinciding with the continued decline of the US dollar. This trend reflects the growing interest of investors in Bitcoin as the dollar appears to be losing […]
A strategic Bitcoin reserve held by a country. It’s a plan originally launched by the United States, but given that some of his advisors thought a Bitcoin reserve would be detrimental to the US dollar, Trump abandoned the idea and opted for a ‘crypto reserve’. Another superpower, India, might just do it though. Bhutan In […]
Strategy (formerly Microstrategy) could soon follow Coinbase (the largest US crypto platform) as yet another crypto focused company that is a member of the S&P 500. This would bring a lot of credibility to the cryptosphere and also introduce new investors to digital currencies. Whether it succeeds depends, as always with Strategy, on the price […]
Trump Media and Technology Group (TMTG) announced that it would buy back $400 million worth of shares and warrants to support the price of DJT stock, which has been falling for several weeks. However, the CEO of TMTG clarified that despite this transaction, the company’s new strategy regarding Bitcoin purchases would not change and that […]
The US attack on Iran’s nuclear facilities (a military operation dubbed Midnight Hammer) briefly pushed Bitcoin below the $100,000 level on Monday, before it found support fairly quickly. Even the retaliation strikes by Iran on a US base in Qatar didn’t move the needle afterwards. At the time of writing, Bitcoin is once again trading for […]
After a sudden attack by the United States on Iran, cryptocurrency prices took a sharp hit. Bitcoin drops by 1.1% to just above $102,700, while Ethereum even loses its key support level and falls towards $2,100. The market reacts strongly to geopolitical uncertainty and investors appear to be reducing risk, especially with altcoins. Bitcoin remains […]
The Norwegian government decided on Friday to temporarily halt Bitcoin mining as the industry was using too much electricity. Even in wealthy Norway, it has become highly profitable to mine Bitcoin. Crypto Over the years, Norway, especially the northern part of the country, has become a haven for Bitcoin mining companies due to its relatively […]
The Czech Republic’s ruling coalition narrowly avoided collapse this week after a high-profile Bitcoin scandal that began two weeks ago which led to a vote of no confidence against the government. Prime Minister Petr Fiala’s center-right coalition won 98 votes, just ahead of the 94 MPs who voted to bring down the government instead. Donation […]
Iran’s largest cryptocurrency exchange, Nobitex, got hacked yesterday. More than $90 million worth of cryptocurrencies were stolen, with a pro-Israel hacking group claiming responsibility. The cyberattack on the exchange, Nobitex, appeared to be prompted by the ongoing hostilities between Israel and Iran and was immediate front page news in the USA. Nobitex On Wednesday, June 18, […]
Scandal and disgrace according to the international media now that the American government is dropping its investigation into Tron, the crypto company of Chinese magnate Justin Sun, and granting him an IPO instead. Sun invested heavily in Donald Trump’s various crypto companies last year and now seems to be reaping the rewards of that investment. […]
