Bitcoin (BTC-USD) briefly fell below $50,000 on Monday for the first time since February, marking a significant drop of nearly 30% from the $70,000 price level reached a week ago. The cryptocurrency later rebounded, trading above $54,000 early Monday afternoon. This sharp decline comes as fears surrounding the U.S. economy have extended the market sell-off…
Genesis Global, a prominent crypto lender, has successfully completed its bankruptcy restructuring and has begun distributing approximately $4 billion in digital assets and cash to its creditors. This pivotal move comes after months of financial turmoil and legal battles, marking a significant step forward for the company and the broader crypto industry. The focus keyword…
Meanwhile, a groundbreaking company in the insurance sector, has introduced a revolutionary approach by offering life insurance policies exclusively in bitcoin. This move sets Meanwhile apart as the first and only company to operate under traditional life insurance regulations while transacting solely in the world’s leading cryptocurrency. The focus keyword for this article is “Bitcoin…
Bitcoin’s future value remains a topic of intense debate in the world of cryptocurrency. Recently, market analyst and host of the Mark Moss Show, Mark Moss, joined Scott Melker on The Wolf of All Streets Podcast to discuss bitcoin’s potential trajectory. In their conversation, Moss outlined a comprehensive framework for evaluating the future value of…
The United States may soon take a historic step in the financial landscape with the introduction of a groundbreaking bill that proposes the establishment of a strategic U.S. bitcoin reserve. This initiative, led by Senator Cynthia Lummis, is designed to position the U.S. as a leader in bitcoin adoption, aiming to boost innovation and maintain…
In a surprising move, Sony Group (NYSE:SONY) has announced its entry into the cryptocurrency trading business. Known for its dominance in electronics, gaming consoles, movies, and music, Sony’s pivot to cryptocurrency trading raises questions about the motivations behind this strategic shift and its potential impact on the broader crypto sector. Revamping Whalefin Exchange Sony plans…
Bitcoin mining is often perceived merely as a digital gold rush, yet it is an advanced technological and energy-integrative industry. In a recent discussion with Roundtable anchor Rob Nelson, and Robert Samuels, Vice President of Investor Relations at Marathon Digital Holdings Inc. (NASDAQ:MARA), it was revealed that bitcoin mining is not just a tech sector…
DraftKings Inc. (NASDAQ:DKNG) is shutting down its non-fungible token (NFT) business “effective immediately,” as announced in an email to customers. This move marks the end of a notable intersection between digital collectibles and sports culture for the sports gambling giant. The company cited recent legal developments as the primary reason for the discontinuation of Reignmakers…
Bitcoin experienced a significant price surge, rising 7% following the start of the Bitcoin 2024 conference in Nashville. The event, which began on Thursday, culminated with a pro-crypto keynote speech by former President Donald Trump. In his address, Trump outlined his plans to make the U.S. the “crypto capital of the planet and the Bitcoin…
Former President Donald Trump and several Republican politicians made ambitious promises to the crypto community at Bitcoin 2024 this past weekend. However, these promises, including appointing a crypto Presidential Advisory Council, firing SEC chair Gary Gensler, promoting friendlier regulations, and banning central bank digital currencies, face significant hurdles in Washington, D.C. Prominent Crypto Commitments Trump’s…