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,…
Bitcoin (BTC-USD) slid to a two-month low on Thursday, extending a month-long decline as uncertainty over U.S. presidential elections and reports of bitcoin supply from the defunct Tokyo-based crypto exchange, Mt. Gox, weighed on the market. Bitcoin fell more than 2% to $57,843, its lowest since May 2, and has lost more than 6% so…
The United States, famously described by Walt Whitman as “large” and containing “multitudes,” is a land of diverse ideals and evolving mottos. Once unified under “e pluribus unum” (“from many, one”), the country’s guiding principle is now “In God We Trust.” Yet, the American Dream remains an enduring myth, promising success through hard work, talent,…
Bitcoin miner CleanSpark (NASDAQ:CLSK) announced a major acquisition, merging with Griid Infrastructure in a $155 million deal. CleanSpark will acquire all common shares of Griid Infrastructure, significantly enhancing its operational capacity by gaining access to 20 megawatts of Griid’s available power. The acquisition is projected to increase CleanSpark’s power capacity by over 400 MW within…
Pranksy’s Optimism in the Future of NFTs Well-regarded non-fungible token (NFT) collector Pranksy has voiced optimism approximately the destiny of NFTs, countering a developing narrative in their decline. Pranksy, an early NFT investor who has built a large following and collection, recently asked his X followers about the last time they purchased an NFT. The…