Bitdeer Technologies (NASDAQ:BTDR), a prominent bitcoin miner, has recently been identified as a potential takeover target, according to a research report by broker Benchmark. The increasing interest from artificial intelligence and high-performance computing firms in the energy assets of crypto miners has significantly bolstered Bitdeer’s value. Rising Valuation and Market Interest Benchmark raised its price…
The financial world is undergoing a significant transformation as traditional finance converges with blockchain technology. Ripple, a leading company in the blockchain space, is at the forefront of this change. The company’s efforts in simplifying blockchain aim to make this innovative technology accessible and practical for everyone, regardless of their familiarity with digital assets. Bridging…
Inflows into all 11 spot Bitcoin ETFs have surpassed $1 billion over the past three days, marking a remarkable milestone in the cryptocurrency market. Since their launch earlier this year, these ETFs have accumulated lifetime inflows of $17 billion. On July 16th alone, Bitcoin ETFs saw $420 million in inflows, reaching a six-week high according…
BlackRock (NYSE:BLK) CEO Larry Fink has recently endorsed Bitcoin as a legitimate financial instrument during an interview with CNBC’s Jim Cramer. This marks a significant shift in Fink’s stance, as he previously expressed skepticism about the cryptocurrency. Larry Fink’s Change of Heart Fink, once a Bitcoin skeptic, shared his transformation: “I was a proud skeptic,…
El Salvador’s Bitcoin bonds have emerged as a top trade in emerging markets, bolstered by the potential return of Donald Trump to the White House. This development comes as bond investors speculate that a Trump presidency could unlock billions of dollars in funding for El Salvador from multilateral institutions like the International Monetary Fund (IMF),…
Former President Donald Trump has reconfirmed his commitment to attend this year’s Bitcoin Conference in Nashville, Tennessee, following an assassination attempt in Butler, Pennsylvania over the weekend. This announcement has been met with heightened anticipation and security measures as the event approaches. Trump’s Commitment to the Bitcoin Conference Despite the recent attempt on his life,…
Ionic Digital Hires CFO John Penver to Lead IPO Ionic Digital, a prominent Bitcoin mining company, has announced the hiring of John Penver as its new Chief Financial Officer. Penver, who previously served as CFO of data center service provider TSS, brings over 18 years of experience in data center technology and infrastructure to Ionic…
MicroStrategy Inc. (NASDAQ:MSTR), the largest publicly traded corporate holder of Bitcoin, has announced a 10-for-1 stock split. This strategic move aims to make its shares more accessible to a broader range of investors and employees. The company’s shares have seen a remarkable surge of approximately 1,000% since it began purchasing Bitcoin in 2020, significantly outpacing…
Concerns that the Mt. Gox bankruptcy redemptions will drive down the price of Bitcoin (BTC) are largely unfounded, according to Presto Labs’ Head of Research. However, the scenario could be more bearish for Bitcoin Cash. Market Impact Analysis As Bitcoin’s price continues to dip below $60,000, the market has already seen over $200 million in…
Fears of impending selling pressure from the defunct Mt. Gox exchange and potential miner sales pushed Bitcoin (BTC) under $59,000 on Thursday, marking its lowest level since late April. The anticipation of asset distributions from Mt. Gox, set to begin in July 2024, has contributed to the market’s anxiety. Market Impact and Liquidations Mt. Gox,…