Bitcoin

Bitcoin mining protocol Prosper bags token funding from BIT Mining

Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming. Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Swiss digital bank Sygnum says nearly 60% of institutional investors bet long on crypto

With a focus on crypto’s long-term upside, Sygnum Bank finds institutional investors prioritizing exposure to web3 assets amid global economic uncertainty. High-net-worth investors are showing growing confidence in crypto’s long-term potential, driven by portfolio diversification needs and macroeconomic hedging. According to a recent survey conducted by Swiss digital bank Sygnum... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Bitcoin open interest hits an ATH of $55.7b: here’s what to expect

Bitcoin’s open interest in futures markets recently reached an all-time high amid the latest market upsurge that has seen the asset claim new price peaks. The Bitcoin (BTC) OI has spiked to $55.7 billion, indicating a massive increase in trading activity and investor interest, according to the data aggregator Coinglass.... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Bitcoin surpassed $93k after CPI report; here are 2 more macro events to watch

Bitcoin made an impressive run after the U.S. Consumer Price Index report came as expected. But two more key events could add to the positive sentiment this week. Bitcoin (BTC) reached a new all-time high of over $93,400 hours after the U.S. CPI report was released on Wednesday. The inflation... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Senator to Push the Bill in Trump’s First 100 Days

The Senate hopes to push through a Bitcoin reserve bill in the first 100 days of Trump’s presidency while the Republicans consult on crypto policy. American Senator Cynthia Lummis expressed optimism that plans to create a strategic Bitcoin (BTC) reserve will be implemented soon after Donald Trump‘s inauguration. “I believe... read more →

Seren Lindholm
November 14, 2024
Bitcoin

Bitcoin Nears $90,000 Milestone as Trump’s Crypto-Friendly Policies Boost Investor Optimism

Bitcoin (BTC) has breached the $89k resistance level in a daily surge of 10% as it approaches the $90k zone. An analyst predicts massively for Bitcoin as he claims the distance from $75k to $100k is just an air gap. The much anticipated post-election bull run may have been triggered by... read more →

Umer
November 13, 2024
Bitcoin

Institutional Bitcoin ETF Trading Hits $7.22B Milestone, What’s Next?

Institutional interest in Bitcoin ETFs surged, with $7.22 billion traded in a single day. BlackRock’s IBIT led trading volumes, accounting for over half of the $7.22 billion. Institutional interest for Bitcoin ETFs has risen, with trading volumes reaching their highest levels in over 7 months. The 6th-highest level ever recorded,... read more →

Umer
November 13, 2024
Bitcoin

USDa: Bitcoin-Backed Stablecoin Reaches 100M Milestone by Avalon Labs

Avalon Labs’ USDa stablecoin reaches 100M supply, backed by $200M in Bitcoin. Avalon Labs opens a $50M deposit quota, offering 20-50% APY and 3x points rewards. Avalon Labs has achieved a big milestone by launching USDa, the world’s first Bitcoin-backed overcollateralized stablecoin. With collateralized Bitcoin assets of a stunning $200... read more →

Umer
November 13, 2024
Bitcoin

Bitcoin Surges to $85K – Only 17% Left to Break $100K Barrier by Year-End

Bitcoin reaches $85,000, with only 17% left to hit the $100,000 milestone by year-end, driven by Trump’s crypto-friendly policies and investor optimism. Bitcoin’s rally is fueled by institutional interest, including the Bitcoin ETF approval, and a favorable political environment that boosts market confidence. As we discussed in a CNF update... read more →

Umer
November 13, 2024
Bitcoin

Trump and Musk Eye Fed Changes – Could Bitcoin Adoption Be Next for the U.S.?

Trump and Musk advocate for more presidential control over the Federal Reserve, with Bitcoin increasingly viewed as a hedge against inflation and national debt. Amid concerns over the Fed’s influence, Bitcoin is gaining traction as a potential tool for managing the U.S. economy, particularly in the context of inflation and... read more →

Umer
November 13, 2024
Bitcoin

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