The ascent of Bitcoin and digital assets has sparked a classic battle, with governments acting as vigilant hawks, trying to control a technology that is as nimble and elusive as a gazelle darting across the savanna of decentralization. In Nigeria,…
Category: Crypto Flash News
BlackRock Releases a New Report, “Bitcoin: A Unique Diversifier”
Asset management giant BlackRock, with over $10 trillion in assets under management, has published a new report touting Bitcoin as a unique portfolio diversifier. This marks the latest embrace of Bitcoin from the world’s largest asset manager. Earlier this year,…
Federal Reserve Cuts Interest Rates by 50 Basis Points to Address Economic Uncertainty
The Federal Reserve made a significant decision today by cutting interest rates by 50 basis points, lowering the federal funds rate target range to 4.75%-5%. The move, the first substantial cut in over four years, reflects concerns over the state…
Fractal Bitcoin: A Misleading Affinity
Fractal Bitcoin is a recently launched project that bills itself as “the only native scaling solution completely and instantly compatible with Bitcoin. In essence it is a merge mined system portraying itself as a second layer sidechain for Bitcoin, where…
Satoshi Era Wallets Moved $16 Million Worth of Bitcoin
Around 250 BTC from the early days of Bitcoin, known as the “Satoshi era,” were transferred on Friday in five separate transactions, each moving around 50 BTC to new wallets. The total value of the transfers was close to $16…
How Bitcoin Will React After The U.S. Election
As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s price. Historically, the U.S. stock market has shown notable trends around election periods. Given Bitcoin’s correlation with equities and, most notably, the S&P 500, these…
SEC Approves Options Trading on BlackRock’s Spot Bitcoin ETF IBIT
The U.S. Securities and Exchange Commission (SEC) has just granted approval for the listing and trading of options on BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). The approved options on the iShares Bitcoin Trust will be physically settled,…
MicroStrategy Buys Additional $489 Billion Worth of Bitcoin
MicroStrategy CEO Michael Saylor announced on September 20 that it has purchased an additional 7,420 bitcoins for approximately $489 million. The company now holds over 252,000 Bitcoin, acquired for $9.9 billion. Since 2020, MicroStrategy has adopted a Bitcoin-focused corporate strategy,…
Santa Monica Bitcoin Office Case Study to be Presented at CMRTA Annual Conference
Proof of Workforce, joined by Santa Monica Vice Mayor Lana Negrete, will showcase the Santa Monica Bitcoin Office at the upcoming California Municipal Revenue and Tax Association (CMRTA) Annual Conference on October 9-10. They will present a case study on…
Hut 8 and BITMAIN To Launch Next-Generation ASIC Bitcoin Miner with Liquid-to-Chip Cooling
Hut 8 Corp. (Nasdaq | TSX: HUT), a leading Bitcoin mining company, has expanded its partnership with BITMAIN Technologies Ltd., the world’s largest producer of Bitcoin mining servers, to launch the U3S21EXPH, a next-generation ASIC miner. This model will be…