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Bakkt, backed by NYSE owner, faces cash crunch; stock plunges

Bakkt, once hailed as Bitcoin’s potential saviour, is now grappling with a financial crisis that raises doubts about its future. Launched in 2018 with backing from the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), the crypto platform revealed a precarious financial situation in a filling for an amendment to its […] дальше »

2024-2-8 15:41


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Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC

Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1. 5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1. дальше »

2022-5-6 21:04


US Crypto Miners Are Determined To Boost Their Hash Power Despite Bitcoin’s Drop

Bitcoin’s price has fallen by more than three months, but US crypto miners aren’t backing down from adding more powerful computers to their operations. A large chunk of Bitcoin mining occurred in the US, based on IP addresses from so-called hashers that employed certain crypto mining pools last year, according to Statista, a German company […] дальше »

2022-2-25 15:19


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Over 150 Million People Backing Bitcoin Means It Has Intrinsic Value, Says Mike Novogratz

The fact that Bitcoin is backed by over 150 million people around the world means it has intrinsic value according to the Billionaire CEO of Galaxy Investment Partners Mike Novogratz. He expelled fears of a massive Bitcoin sell-off saying in an interview with CNBC that people are buying Bitcoin based on the slow depreciation of […] дальше »

2021-9-23 00:11


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Why China’s Renewed Bitcoin Crackdown Isn’t Telling On Many Significant Levels

Even as Bitcoin attempts to gain a footing in the now downsized market owing to massive dumping witnessed in May following China’s ban on crypto-related activities, the PBOC seems not to be backing down on its move against Bitcoin miners and traders but instead, seems to have intensified its crackdown. On July 6, the Beijing […] дальше »

2021-7-9 22:32