Bitcoin’s recent price action has been a rollercoaster of highs and lows. However, even though bitcoin has set a new all-time high and had two years of a near-constant positive trajectory, we’re yet to see a consistent influx of retail…
Category: Crypto Flash News
The BITCOIN Act of 2024
Following the announcement on July 27th at the Bitcoin conference in Nashville, the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide” or BITCOIN Act of 2024, introduced by Senator Cynthia Lummis of Wyoming, seeks to firmly establish Bitcoin as…
Congressman Wiley Nickel On Reforming The Democrats’ Bitcoin Strategy
On the main stage of Bitcoin 2024, Rep. Wiley Nickel (D-NC) shared that he’s working to have the Democrats shift to a more pro-Bitcoin and pro-crypto stance. He told the audience at the event that he’d recently written a letter…
Morgan Stanley to Offer Bitcoin ETFs to Wealth Clients: CNBC
In a significant move among major Wall Street banks, Morgan Stanley will soon allow its financial advisors to offer Bitcoin ETFs to certain clients, CNBC reports. Starting Wednesday, the firm’s 15,000 advisors can pitch BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise…
Michael Saylor’s MicroStrategy Bought 169 Bitcoin For $11.4 Million In July
MicroStrategy Incorporated (Nasdaq: MSTR) reported its financial results for Q2 2024, revealing an increase in its Bitcoin holdings. The company acquired 12,222 bitcoins since the beginning of the quarter, at an average price of $65,882 per bitcoin, bringing its total…
Bitcoin Hashrate Hits All-Time High as Trump Vows to Boost Industry
According to Bitcoin Magazine Pro, the 7-day average mining hash rate for Bitcoin has hit a new all-time high, surpassing 667 exahashes per second (EH/s) on July 26th during the Bitcoin 2024 conference. This tops the previous record of 657…
Hong Kong’s Largest Online Broker Launched Bitcoin Trading
Futu Securities, Hong Kong’s biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per South China Morning Post, users can now directly buy and sell Bitcoin and ether using Hong Kong or…
Occupy Bitcoin: Bitcoin Is Not Just Libertarian
Bitcoin has experienced enormous growth in the past fifteen years since its inception, and with that has come numerous monumental shifts in the culture of the overall ecosystem, as well as the smaller individual communities that make it up. This…
Lightning Network In A Class Of Its Own At Bitcoin 2024 Conference
I was asked repeatedly throughout this year’s Bitcoin 2024 conference what my highlight of the moment was — what the signal was amongst the noise. As I returned from Nashville, it occurred to me that, each time, I could never…
Holding Bitcoin Has Been Profitable for 98.5% of Its Existence, Data Shows
According to Bitcoin Magazine Pro data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin trading began, holding BTC has been profitable for 5,020 days relative to the…