In a bold financial move, tech giant Strategy (MSTR) has ignited speculation with a massive $711 million capital raise. While details remain under wraps, insiders hint the move ties directly to its aggressive cryptocurrency strategy. The announcement comes as Bitcoin hovers near $84,000, with their massive Bitcoin holdings set to reach 500K. Why Strategy Doubled Down on Bitcoin The company’s…
The global financial landscape faces a curious paradox. The world money supply has swelled to $108.2 trillion, yet Bitcoin remains stubbornly range-bound around $82,300, down nearly 25% from January peaks. This disconnect between liquidity and cryptocurrency performance has investors wondering why Bitcoin isn’t soaring. Market Turbulence and Fed Uncertainty Financial markets have entered heightened volatility even after Federal Reserve decisions.…
The cryptocurrency market is in anticipation as Bitcoin nears the edge of a potential rebound. Analysts hint at a potential price move toward $90,000. It is expected that this move will be fuelled by shifting economic winds and pivotal Federal Reserve decisions. With inflation anxieties cooling, investors await clarity and opportunity amid a volatile landscape. Fed’s Policy Bitcoin’s recent slump,…
Bitcoin crumbled below $80,000 on Monday, sinking to $77,396, its lowest price since November 2023. The drop followed a 3.8% 24-hour decline, erasing gains from a brief rally to $84,000 earlier in the day. Ethereum briefly dipped under $1,800, down more than 10%, as panic spread across crypto markets. Analysts linked the plunge to fading investor confidence amid macroeconomic uncertainty…
President Donald Trump signed an executive order today establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” The initiative will initially use cryptocurrency seized in government criminal cases. White House AI and crypto czar David Sacks announced the move on X, calling it a “digital Fort Knox” for Bitcoin. “The Reserve will hold Bitcoin forfeited in criminal or civil…
A 22-year-old Finnish cryptocurrency trader lost 5,564 bitcoins worth $40 million in one of Thailand‘s biggest crypto scams. Aarni Otava Saarimaa transferred his digital assets to scammers between January and February 2018. The perpetrators promised lucrative investment opportunities in various ventures, including a Macau casino. The fraudsters showcased lavish lifestyles and presented forged documents to gain Saarimaa’s trust. They pitched…
In March 2025, the International Monetary Fund (IMF) intensified pressure on El Salvador to abandon public-sector Bitcoin purchases as part of a $1.4 billion loan deal. Despite warnings, President Nayib Bukele defiantly continues accumulating BTC, deepening tensions over the nation’s pioneering crypto policies. IMF Demands Halt to Public Bitcoin Buys The IMF’s 40-month Extended Fund Facility, approved February 26, 2025,…
Bitcoin faces volatility following Trump’s crypto reserve announcement and tariff implementation. Market reactions remain mixed as traders eye the massive CME futures gap at $85,000, which is Bitcoin’s largest in history. As of March 4, 2025, Bitcoin prices have retreated below $85,000 after weekend surges. Meanwhile, President Trump continues to champion his crypto reserve initiative ahead of the White House…
Bitcoin breaks below 200-day moving average for first time in 2025, signaling potential further decline. Bitcoin plunged below $80,000 this week, breaking through its 200-day moving average for the first time in 2025. The premier cryptocurrency has shed nearly 20% in the past seven days. Analysts now question how deep this correction might go as several technical indicators flash warning…
Binance slashed 94.1% of its Bitcoin holdings and 99.9% of Ethereum reserves between January and February 2025, blockchain data reveals. The exchange converted $4.33 billion in BTC and $5.83 billion in ETH to USDC, spiking its stablecoin reserves by 57.5%. Critics argue the timing, which is just 10 days before Bybit’s $1.46 billion hack. This raises red flags. “Crypto never…
The U.S. Bitcoin mining industry now supports over 31,000 jobs and injects $4.1 billion annually into the economy, a Perryman Group report reveals. Texas dominates this growth, contributing $1.7 billion and 12,200 jobs, while Georgia and New York add millions more. Further support is seen from current President Donald Trump. As he pledges to cement America as the global crypto…
In recent years, cryptocurrency mining has emerged as a fascinating yet complex venture in India’s digital landscape. Despite the growing interest, miners face unique challenges in the world’s largest democracy. What is cryptocurrency mining? Cryptocurrency mining serves as the backbone of blockchain networks like Bitcoin. Miners validate transactions and secure the network using powerful computers, earning newly minted coins as…