Daily Crypto News & Musings

Latest News and Articles about Bitcoin

Genius Group’s Bitcoin Holdings Surpass Market Cap: A Bold $120M Crypto Strategy

Genius Group’s Bitcoin Holdings Now Exceed Market Cap: A Bold Leap into Crypto Singapore-based AI and education giant Genius Group has made headlines by amassing 440 BTC, valued at $46 million, surpassing its market cap of $33.1 million. This strategic move showcases their commitment to a “Bitcoin-first” approach, mirroring the likes of MicroStrategy. Genius Group […]

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Vitalik Buterin Rejects 10% Bitcoin Rule, Stands Firm on Ethereum

Vitalik Buterin Rejects Bitcoin Allocation Rule, Stays Committed to Ethereum In a bold move that has stirred the crypto community, Ethereum co-founder Vitalik Buterin has firmly rejected the suggested 10% Bitcoin allocation rule for personal investment portfolios. Buterin revealed that his Bitcoin holdings fall short of this threshold, emphasizing his unwavering commitment to Ethereum. As […]

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Bitcoin vs. 529 Plans: Parents Bet on Crypto for College Savings

Bitcoin Beats 529 Plans? Crypto Parents Rethink College Savings Some parents are shifting their college savings strategies from traditional 529 plans to Bitcoin, driven by the cryptocurrency’s potential for higher returns and its hedge against inflation. This bold move reflects a growing trend, yet it’s not without its challenges. Parents opt for Bitcoin over 529 […]

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Michael Saylor Labels Bitcoin as Real Property Amid DOJ Seizure Controversy

Michael Saylor Declares Bitcoin as Real Property Amidst Legal Battles Over Financial Autonomy Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, has stirred the crypto community by labeling Bitcoin as a form of real property. This bold statement comes in response to the U.S. Department of Justice’s controversial position in the case of […]

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Tether Boasts $7.1B Excess Reserves in 2024, Diverse Assets Fuel Stability

Tether Ends 2024 with a Staggering $7.1 Billion in Excess Reserves In a surprising turn of events, Tether, the issuer of the USDT stablecoin, concluded 2024 with a massive $7.1 billion in excess reserves. This financial milestone showcases Tether’s robust financial health and steadfast commitment to transparency, especially in the face of past legal scrutiny. […]

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Strike CEO Jack Mallers Warns Ripple’s Lobbying Threatens Bitcoin’s Public Utility Role

Strike CEO Jack Mallers Slams Ripple’s Lobbying Efforts: A Threat to Bitcoin’s Public Utility Jack Mallers, the CEO of Strike, has thrown down the gauntlet against Ripple, accusing the company of crossing a line with its lobbying efforts around the Bitcoin Strategic Reserve, a proposed U.S. initiative to hold Bitcoin as a national asset. Mallers […]

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Bitcoin Network Activity Hits 11-Month Low: Impact on Miners and Market Analyzed

Bitcoin Network Activity Plummets: A Deep Dive into the Current State and Future Prospects Bitcoin’s network activity has hit an 11-month low, the quietest since March 2024, resulting in a near-empty mempool and a significant drop in transaction fees. This downturn presents both challenges and opportunities, as we explore the impact on miners, users, and […]

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ECB’s Lagarde Rejects Bitcoin, Sparks XRP Speculation with DLT Praise

ECB President’s Bitcoin Rejection Fuels XRP Speculation Amid Resurfaced DLT Praise The head of the European Central Bank, Christine Lagarde, has thrown a wrench into the crypto world’s gears with her latest comments on Bitcoin, yet a 2019 video showing her praise for the technology underpinning it has sparked a new wave of speculation around […]

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El Salvador Revokes Bitcoin Legal Tender Amid Economic Woes

El Salvador Reverses Course: Bitcoin No Longer Legal Tender Amid Economic Struggles El Salvador has made a significant policy shift by revoking Bitcoin’s status as legal tender, marking a major change in its cryptocurrency policy. This decision follows economic challenges and public backlash against the initial adoption in 2021, sparking a debate on the future […]

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El Salvador’s Bitcoin Adoption: Pioneering Move or Risky Gamble?

El Salvador’s Bitcoin Strategy: A Bold Experiment That Could Inspire Global Adoption Can a small nation like El Salvador change the global financial landscape with Bitcoin? In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender, igniting a wave of enthusiasm and skepticism worldwide. This audacious move into the crypto […]

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Eugene Fama Predicts Bitcoin’s Demise in 10 Years, Advocates for Stablecoins

Eugene Fama Predicts Bitcoin Will Be Worthless in 10 Years Nobel laureate Eugene Fama, known as the “Father of modern finance,” has cast a shadow over the future of Bitcoin, predicting it will likely be worth nothing within a decade. During a discussion on the “Capitalisn’t” podcast, Fama expressed his doubts about cryptocurrencies, suggesting they […]

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MicroStrategy Raises $563.4M to Buy More Bitcoin: Market Impact and Risks Analyzed

MicroStrategy’s Bold $563.4 Million Move to Boost Bitcoin Holdings: A Closer Look MicroStrategy, the software development firm renowned for its Bitcoin investments, has announced a $563.4 million stock offering, aiming to further bolster its Bitcoin treasury. This bold move underlines the company’s continued commitment to Bitcoin maximalism, a belief in Bitcoin as the premier digital […]

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Vitalik Buterin’s $806M Portfolio: Why Bitcoin is Minimal Compared to Ethereum

Vitalik Buterin’s Crypto Portfolio: Why Bitcoin Isn’t a Major Holding Vitalik Buterin, the mastermind behind Ethereum, boasts a crypto portfolio valued at approximately $806.67 million. Despite Bitcoin’s status as the crypto king, it constitutes less than 10% of Buterin’s assets, while Ethereum dominates his holdings. Buterin’s total crypto portfolio: $806.67 million Ethereum (ETH) dominates with […]

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Genius Group Targets $100M Bitcoin Holdings via Rights Offering

Genius Group’s Bold Leap: Aiming for $100M in Bitcoin Through Rights Offering Genius Group is doubling down on Bitcoin with a rights offering to boost its holdings to $100 million, reflecting a growing corporate trend. Genius Group targets $100M Bitcoin reserves Rights offering allows discounted share purchase Proceeds allocated for Bitcoin acquisition Rights Offering Details […]

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Odin.fun: Bitcoin’s New Meme Coin Launchpad Takes on Pump.fun

Odin.fun: Bitcoin’s First Meme Coin Launchpad Challenges Pump.fun Dominance Odin.fun has burst onto the scene as Bitcoin’s first meme coin launchpad, directly challenging the dominance of Pump.fun on Solana. This move not only signifies Bitcoin’s entry into the meme coin market but also showcases the innovative use of Bitcoin’s architecture to facilitate meme coin creation […]

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Czech National Bank Considers Bitcoin Reserves, Lummis Pushes U.S. Action

Czech Point: Prague Central Bank Eyes Bitcoin, Lummis Urges U.S. Action The global financial landscape is witnessing a shift as countries like the Czech Republic and El Salvador explore Bitcoin as a reserve asset. Meanwhile, U.S. Senator Cynthia Lummis advocates for a Strategic Bitcoin Reserve to keep America competitive in the digital finance race. Czech […]

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Norway’s Sovereign Wealth Fund Boosts Bitcoin Exposure via MicroStrategy

Norway’s Sovereign Wealth Fund Expands Bitcoin Footprint Through MicroStrategy Holdings Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly increased its indirect exposure to Bitcoin by investing heavily in MicroStrategy, a company known for its substantial Bitcoin holdings. NBIM’s MicroStrategy shares jump 153% to $500 million Indirect Bitcoin exposure increases to 3,821 BTC […]

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Thumzup Boosts Bitcoin Holdings to $2M, Targets Gig Economy with Crypto

Thumzup Doubles Bitcoin Holdings to $2 Million, Eyes Future of Digital Finance Thumzup Media Corporation has doubled its Bitcoin holdings to 19.106 BTC, now valued at $2 million, signaling a bold step towards integrating digital assets into its core financial strategy and the gig economy. Thumzup increases Bitcoin holdings to 19.106 BTC, valued at $2 […]

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Strike CEO Jack Mallers Forecasts Bitcoin at $100K by 2025 Amid Short-Term Volatility

Strike CEO Jack Mallers Predicts Bitcoin Surge to $100,000 by 2025, Warns of Short-Term Volatility Jack Mallers, CEO of Strike, maintains a bullish stance on Bitcoin, forecasting a rise to $100,000 by 2025 but cautions about short-term volatility due to political uncertainty in the US. Bitcoin predicted to reach $100,000 by 2025. Short-term volatility expected […]

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Federal Reserve’s 100 Years: Economic Control vs. Bitcoin’s Decentralized Future

The Federal Reserve’s Century: From Economic Control to Bitcoin’s Challenge The Federal Reserve’s century-long journey has significantly shaped the global financial landscape, yet it faces increasing scrutiny over economic disparities and its role in crises. Bitcoin emerges as a beacon of hope, offering a decentralized alternative to traditional central banking, sparking discussions about the future […]

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Illinois and Indiana Blaze Trail with Bitcoin Reserves and ETFs in State Finance

Illinois and Indiana Lead U.S. States in Embracing Bitcoin: A New Era for State Financial Systems Illinois and Indiana are pioneering the integration of Bitcoin into state financial systems, potentially setting a precedent for widespread adoption across the U.S. Illinois introduces Strategic Bitcoin Reserve Act Indiana explores blockchain and Bitcoin ETFs for retirement funds Other […]

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Tesla’s $600M Bitcoin Gain in Q4 2024: FASB Rule Boosts Earnings

Tesla’s Bitcoin Jackpot: $600 Million Gain Boosts Q4 Earnings Amidst New Accounting Rules Tesla’s bold move into Bitcoin paid off tremendously in Q4 2024, with the company reporting a staggering $600 million gain on its crypto holdings. This windfall, fueled by a new accounting rule from the Financial Accounting Standards Board (FASB), not only bolstered […]

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Mark Karpeles: Bitcoin’s Impact on Finance and Emerging Tech Trends

Mark Karpeles on Bitcoin’s Role in Modern Finance and Future Technologies Mark Karpeles, once at the helm of the infamous Mt. Gox, shares his insights on Bitcoin’s revolutionary impact on finance and the technologies set to drive future changes. Karpeles emphasizes Bitcoin’s transformative role in finance. Identifies cryptocurrencies, AI, and quantum computing as key drivers […]

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