The Swiss National Bank has rejected holding bitcoin reserves, citing concerns over cryptocurrency market liquidity and volatility. "For cryptocurrencies, market liquidity, even if it may seem ok at times, is especially during crises naturally called into question,” said SNB President Martin Schlegel at the bank’s General Assembly meeting Friday. “Cryptocurrencies [...]
Semler Scientific (SMLR) bought an additional 111 bitcoin (BTC) for an average purchase price of $90,124, using proceeds from at-the-market offering and cash on hand, it announced in a press release. This brings the medical device maker’s total bitcoin holdings to 3,303 BTC, which were purchased at a total cost [...]
ARK Invest raised its decade-end bitcoin (BTC) price target to as high as $2.4 million apiece after revising its assumptions on active supply, which excludes lost or long-held coins. The largest cryptocurrency by market value was recently trading around $94,000. The bull-projection figure, 60% more than its January 2024 estimate, [...]
Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald. For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and [...]
Michael Saylor's bitcoin buying strategy had both believers and skeptics. But a new rival just emerged, already holding nearly $4 billion BTC on its balance sheet—and it's a bullish sign, according to at least one Wall Street analyst. When SoftBank, Tether, and Cantor Fitzgerald unveiled plans to launch a new [...]
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) has finally surpassed a key resistance that limited recovery rallies earlier this year, after rising over 5% to $93,500 in 24 hours. The leading digital asset by market value has topped the "Ichimoku [...]
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of Cantor Fitzgerald, is launching a listed bitcoin investment vehicle backed by SoftBank, Tether, and Bitfinex, the Financial Times first reported. The special purpose acquisition company (SPAC), dubbed Cantor Equity Partners, raised $200 million in January and will help [...]
Crypto-related stocks surged on Tuesday, riding the momentum of a broader crypto rally that has reignited risk appetite across digital assets with bitcoin (BTC) crossing above $90,000. Shares of Strategy (MSTR), the largest corporate BTC holder, and crypto exchange Coinbase (COIN) were up 8% to 9% during the session. Leading [...]
Bitcoin (BTC) surged to $90,000 for the first time since March 7, adding more than 5% in the past five days as the paths of the largest cryptocurrency and traditional equities diverge. In comparison, the S&P 500 was trading above 5,700 points on March 7 and has since slipped below [...]
Some members of the bitcoin (BTC) mining industry are in the habit of routinely undervaluing mining rig shipments with the U.S. Customs and Border Protection (CBP) in order to reduce customs duties, multiple people familiar with the practice told CoinDesk. Now that the Donald Trump administration is raising tariffs on [...]