Michael Saylor Pauses Bitcoin Purchases as Price Dips Below $87K: A Strategic Move

Michael Saylor, the CEO of MicroStrategy, shared his strategy of holding onto Bitcoin during market drops rather than attempting to time the market by buying and selling. Saylor emphasized the importance of having a long-term approach to investing in Bitcoin, arguing that attempting to predict short-term price movements is a risky strategy. According to Saylor, [...]

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Bitcoin Trading at a 40% Discount: Spot BTC ETF Purchases Surge to $3 Billion in Just One Week

Bitcoin is currently trading at a 40% discount as demand for spot BTC ETFs reaches $3 billion in just one week. This significant discount has sparked a surge in buying activity, driving up volumes and investor interest in the cryptocurrency market. The 40% markdown on Bitcoin prices presents a unique opportunity for investors looking to [...]

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Introducing Pump.funs New Lending Platform for Financing Memecoin Purchases

Pump Fun Introduces DeFi Lender Finance Memecoin Acquisition Pump Fun, a renowned decentralized finance (DeFi) platform, has recently announced the launch of a new and exciting memecoin called DeFi Lender Finance. This innovative token aims to revolutionize the DeFi space by offering unique utility and benefits to its holders. With the rise of memecoins in [...]

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Texas Legislator Proposes Limiting States Bitcoin Purchases to $250 Million

Texas is taking steps towards recognizing Bitcoin as a reserve asset. A recent legislative proposal aims to create a framework for the establishment of Bitcoin reserves by banks and financial institutions in the state. This move could potentially boost the adoption and acceptance of cryptocurrencies in the traditional financial sector. The bill, introduced by Texas [...]

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Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners

Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian Authorities to Limit Foreign Currency Purchases Russian [...]

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]

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ARK Invest Buys Record Amount of Coinbase Stock, Despite Market Volatility

Despite recent market volatility, Cathie Wood’s investment manager ARK Invest has made a record purchase of Coinbase stock, along with significant investments in Robinhood. The move confirms ARK’s bullish sentiment towards the cryptocurrency industry and Bitcoin. (Read More)

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Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February

Ark Invest has spent nearly $30 million on the Coinbase stock so far in 2023 while dumping Grayscale Bitcoin Trust shares.

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More details emerge on Twitter Coins — and crypto’s not included

Tech blogger and app researcher Nima Owji said he didn’t find any indication that cryptocurrencies were involved.

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Terra Purchases $1.5 Billion Worth of BTC to Become Second-Largest Corporate Bitcoin Holder

The Luna Foundation Guard (LFG) has purchased an additional $1.5 billion in its move to accumulate Bitcoin worth $10 billion.

Continue reading Terra Purchases $1.5 Billion Worth of BTC to Become Second-Largest Corporate Bitcoin Holder at DailyCoin.com.

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Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases – Bitcoin News

The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there are suspicious circumstances involved, such as those related to […]

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Luna Foundation Purchases 5,040 BTC, Terra Reserves Rise to 35,767 Bitcoin – Bitcoin News

On April 6, onchain data shows the Luna Foundation Guard’s (LFG) bitcoin wallet has added 5,040 bitcoin to its reserves. The added funds were worth roughly $221 million at the time of settlement. LFG managed to purchase the bitcoins while bitcoin lost 3.9% against the U.S. dollar during the last 24 hours. LFG Buys the […]

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MoonPay boss sheds light on how the startup is shepherding big-ticket NFT purchases

Jimmy Fallon, Post Malone, Diplo, DJ Khaled. Those are just a few of the growing number of celebrities — most of them musicians — who have leaned on crypto startup MoonPay to broker purchases of extravagantly expensive non-fungible tokens (NFTs).    The newest member of the crew is the NFT-curious rapper Snoop Dogg, who took […]

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El Salvador Buys Another 420 Bitcoins, Worth $25 Million for National Reserve

El Salvador, famous for its Bitcoin adoption recently, has revealed that it made additional investments, purchasing about $25 million dollars’ worth of Bitcoin on Wednesday. (Read More)

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MicroStrategy Halts Bitcoin Purchases and Announces Plan to Hold $30 Billion in BTC

MicroStrategy Continues to HODL Bitcoin Amid Market Volatility MicroStrategy, a leading business intelligence firm, has been steadfast in its commitment to holding onto its Bitcoin reserves despite recent market fluctuations. The company made headlines last year when it announced its foray into the world of cryptocurrency by investing in Bitcoin. Since then, MicroStrategy has made [...]

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Unlocking the Truth: Discover why only 44% of US Bitcoin ETF Purchases are for Holding Insights from 10x Research

According to recent data, 44% of investors in the United States prefer to buy and hold Bitcoin through exchange-traded funds (ETFs). This statistic highlights a growing trend among American investors who are turning to ETFs as a convenient way to invest in the cryptocurrency. ETFs provide investors with exposure to Bitcoin without the need to [...]

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VanEck reveals $23 billion worth of Bitcoin purchases in state reserve bills

Bitcoin’s reserve holdings have seen a substantial increase of $2.3 billion due to investments by VanEck. This significant investment in the popular cryptocurrency has boosted its market value and further solidified its position as a leading digital asset. VanEck’s decision to allocate such a substantial amount of funds to Bitcoin demonstrates the growing confidence in [...]

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Ronin Network integrates Transak for fiat-to-crypto and NFT payments

The Ronin Network partnered with Transak to simplify NFT and crypto purchases, improving blockchain gaming accessibility.

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Central Banks Resumed Gold Purchases in June

Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the most gold (21 tonnes). Central Banks Back to Purchasing Gold in June The world’s central [...]

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