Whenever Bitcoin’s price action exhibits significant corrections, analysts and traders are quick to search for a reason, often pointing fingers at derivatives markets where bears allegedly exploit futures contract liquidation levels or anticipate increased profits from weekly BTC options expiries. Such talk has been on the decline recently, thanks to Bitcoin’s range-bound price action, but now […]
David Bailey, CEO of Bitcoin Inc., took time out of running the Bitcoin Asia Conference in Hong Kong to sit down with Bitcoin.com’s COO, Jason Sheman. The conversation delved into the lessons learned from past mistakes, the strategic pivot to Bitcoin, the Bitcoin Conference, Bitcoin Layer twos, and stablecoins on Bitcoin. Bitcoin Asia Conference Highlights: […]
On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […]
Bitcoin topped $70,000 for a time on Monday. At one point, it was $3,931 higher than its previous close and 82.3% higher than its 2024 low, which it reached on Jan. 23, Reuters reported Monday (May 20). The report attributed the rise in part to this year’s approval and launch of spot bitcoin exchange-traded funds (ETFs), which […]
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was […]
BATON ROUGE, La. – Hope Alley hit a 2-run home run but it wasn't enough for
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan police and prosecutors to seize and sell off mining equipment […]
Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set […]
MSCI Inc. has announced the May 2024 Index Review, which includes adding the bitcoin-focused Microstrategy to the MSCI World Index. This decision follows the Nasdaq-listed software intelligence firm’s stock outperforming bitcoin and other major investments. Microstrategy currently holds over 214K bitcoins. MSCI World Index Adds Microstrategy MSCI Inc. (NYSE: MSCI), a premier operator of global […]
CHICAGO (CBS) -- While Bears fans still have to wait until Wednesday evening to find out their full 2024 schedule, the NFL has confirmed the Bears will play the Jaguars in Week 6 in London.The Bears will be designated as the home team on Oct. 13 at Tottenham Hotspur Stadium. The game will start at 8:30 a.m. Chicago time. Tickets will go on sale in June.It will be the Bears' fourth game in London. The Bears also played in the first NFL game at Tottenham Hotspur Stadium in 2019, when they lost to...
In a city where paparazzi snapshots of elusive celebrities draw the attention of millions of adoring fans, an image of a seemingly smiling Los Angeles heavyweight, overlooking the twinkling lights of Pasadena, is about to go viral. Under stars in the mountains overlooking the San Gabriel Valley, wildlife photographer Johanna Turner captured an indelible image of a real-life bear appearing to pose for a photo. The photo, taken with a trail cam in late April, could have only been captured...
Ric Edelman, founder of Edelman Financial Engines, forecasts bitcoin will reach $420,000 by the decade’s end. He explained that if 1% of the world’s $738 trillion in financial assets were allocated to bitcoin, it would result in $7.4 trillion in inflows, raising bitcoin’s price to $420,000. Ric Edelman’s $420K Bitcoin Prediction Ric Edelman, a financial […]