Cryptocurrency News

Key Takeaways: The recent surge in Bitcoin’s price above $100,000 has had a significant impact on the shares of cryptocurrency companies. The rally was partially driven by President-elect Donald Trump’s appointment of crypto enthusiast Paul Atkins to lead the SEC. Companies like MicroStrategy and Coinbase, along with bitcoin miners Riot Platforms and Mara Holdings, experienced […]

Bitcoin made history on Wednesday night by surpassing the $100,000 mark for the first time. This milestone was achieved amidst encouraging comments from global leaders, including Russian President Vladimir Putin, Federal Reserve Chairman Jerome Powell, and the nomination of Paul Atkins as the next SEC chair by former President Donald Trump. Analysts have set price

MicroStrategy, a leading business intelligence company, has made a significant move in the cryptocurrency market by purchasing an additional $1.5 billion worth of bitcoin. This acquisition brings the company’s total holdings to 402,100 bitcoins, which is nearly 2% of the total supply that will ever exist, according to BitcoinTreasuries.net. MicroStrategy is now the second-largest holder

Ripple Labs has been ordered to pay a $125 million fine to the Securities and Exchange Commission (SEC), a fraction of the nearly $2 billion penalty federal regulators had initially sought. This decision comes as a significant development in the ongoing legal battle between Ripple and the SEC. Following the ruling, the price of XRP

Prominent money managers and large institutional investors have shown a significant interest in spot bitcoin ETFs during the second quarter. BlackRock’s IBIT has emerged as a clear winner for inflows. Wall Street firms Goldman Sachs and Morgan Stanley have revealed new positions in the bitcoin ETF market in Q2. Goldman Sachs’ 13-F filing reported a

Bitcoin briefly rose above $61,000 on Friday, following the stock market’s rally on Thursday. However, as stocks wavered, the cryptocurrency gave up some of those gains, trading around the $60,000 mark. Bitcoin has shown a higher correlation with the S&P 500 than gold during this week’s financial turmoil. This indicates that, at times, Bitcoin can

Key Takeaways: Cryptocurrency asset manager Bitwise on Wednesday filed a registration statement with the Securities and Exchange Commission (SEC) to create a spot XRP exchange-traded fund (ETF). The approval of the XRP ETF, based on the crypto token of Ripple Labs, may partially hinge on the outcome of a potential SEC appeal of a 2023

Digital asset manager Grayscale has announced the launch of the Grayscale MakerDAO Trust. This new fund offers investors exposure to Maker (MKR), the utility and governance token for MakerDAO.MakerDAO is best known as the decentralized autonomous organization behind the DAI stablecoin (DAIUSD) on Ethereum, which is the third-largest stablecoin behind Tether (USDTUSD) and USD Coin

Marathon Digital Holdings, Inc. (MARA), a prominent Bitcoin miner, is set to raise $250 million through a debt offering to expand its bitcoin holdings. The company’s convertible senior notes will accrue semi-annual interest and mature in September 2031, with early redemption and conversion options into cash or MARA’s common stock. This offering is exclusive to

Goldman Sachs, a traditional Wall Street firm known for its skepticism towards cryptocurrencies, has made a significant investment in spot bitcoin exchange-traded funds (ETFs). According to an SEC filing dated June 30, Goldman Sachs held $418.65 million in these assets, with the majority of these holdings in the shares of BlackRock’s IBIT fund. Among the