MicroStrategy has acquired an additional 18,300 Bitcoin for $1.11 billion.
In a continued demonstration of its unwavering dedication to Bitcoin, MicroStrategy has added another $1.11 billion worth of the cryptocurrency to its reserves. The software intelligence firm, under the leadership of Michael Saylor, remains steadfast in its strategy of accumulating the world’s foremost digital asset. Michael Saylor has long been a vocal proponent of Bitcoin, […]
Trump to Unveil World Liberty Financial Crypto Platform on September 16
Former President Donald Trump has announced the launch of his new cryptocurrency initiative, World Liberty Financial, scheduled for September 16. The announcement was made in a video released on September 12, where Trump stated that he would introduce the platform, which is managed by his sons, Donald Jr. and Eric Trump, through a live session. […]
Grayscale to Establish US XRP Trust, Setting the Stage for Possible ETF
Grayscale Investments, a prominent player in the cryptocurrency investment space, has unveiled a new trust dedicated to the XRP cryptocurrency. On September 12, Grayscale made a public announcement about the launch of the Grayscale XRP Trust, designed to offer investors a pathway to invest in XRP. The Grayscale XRP Trust is now accepting daily subscriptions […]
eToro US to Halt Nearly All Crypto Trading After SEC Agreement
The SEC had accused eToro of functioning as an unregistered broker and clearing agency due to its cryptocurrency trading operations. To resolve these accusations, eToro will pay a $1.5 million fine as part of its agreement, which was disclosed by the SEC on September 12. Under the terms of the settlement, eToro will limit its […]
U.S. House GOP Investigates SEC’s Gensler Over Allegations of Partisan Recruitment
Republican members of the U.S. House have initiated an inquiry into claims that SEC Chairman Gary Gensler may be appointing staff based on their political leanings, potentially breaching federal regulations. In a letter dated September 10 addressed to Gensler—a member of the Democratic party—Republican Representatives Jim Jordan, Patrick McHenry, and James Comer leveled accusations against […]
Η Ινδία συνεχίζει να κυριαρχεί στην παγκόσμια υιοθέτηση κρυπτονομισμάτων
2024 has marked a significant milestone in the realm of Bitcoin and cryptocurrencies, as these digital assets gain further traction in the mainstream financial landscape. Early this year, the United States made headlines by approving the first crypto-based ETF, setting a precedent that saw Bitcoin’s value peak at an unprecedented $73,000 three months later. Amidst […]
UK Legislation Defines Cryptocurrency as Personal Property
A significant advancement has occurred in the UK as the government introduces a bill aiming to classify cryptocurrency as personal property. The proposed legislation, now before parliament, seeks to redefine the legal standing of cryptocurrencies, NFTs, and other tokenized assets. According to a government press release, this bill is designed to provide Bitcoin owners and […]
Bitcoin Shrugs Off CPI Data as Daily BTC Price Drops Over 3%
Bitcoin continued to slide on September 11, with markets reacting negatively despite positive U.S. macroeconomic data. BTC fell below $56,000, shedding over 3% as the U.S. Consumer Price Index (CPI) report for August showed inflation slowing, in line with expectations — 0.2% month-on-month and 2.5% year-on-year, according to the U.S. Bureau of Labor Statistics. The […]
U.S. Inflation Declines to 2.5% in August
U.S. inflation decreased to 2.5% in August, potentially setting the stage for the Federal Reserve to consider a gradual rate cut at its upcoming meeting. This decline follows a 2.9% inflation rate in July and is slightly below the 2.6% prediction from economists. The inflation figure, one of the last key economic indicators before the […]
Bitcoin Price Poised for Final Drop Ahead of October Surge, Say Analysts
Analysts predict that Bitcoin may experience one more significant dip before breaking out in October. According to popular crypto analyst Mags, the cryptocurrency’s chart patterns suggest that Bitcoin could see a final correction toward the $51,000 trendline before beginning its next upward move. In a post on Sept. 9, Mags stated: “Bitcoin — Last dip […]