President Donald Trump’s reciprocal tariff unveiling had led to a $5.4 trillion U.S. equities market wipeout in just two days as the S&P 500 index dropped to its lowest level in 11 months and the Nasdaq 100 entered bear market territory. Yet, amidst the chaos, cryptocurrency prices are showing resiliency, [...]
Ryan Cohen, the chairman and CEO of video retailer GameStop (GME), increased his stake in the company following the firm's decision to add bitcoin (BTC) as a treasury reserve asset. According to a Thursday filing to the U.S. Securities and Exchange Commission (SEC), Cohen acquired an additional 500,000 shares of [...]
The U.S. stock-market slide prompted by President Donald Trump's global tariff announcement on Wednesday sent the Nasdaq Composite Index into one of its biggest funks since the start of the century. The tech-heavy index lost 5.5% on Thursday, just outside the top 20 worst single-day drawdowns since 2000, according to [...]
Luxor Technology wants to make bitcoin mining easier. That’s why the firm has rolled out a panoply of products (mining pools, hashrate derivatives, data analytics, ASIC brokerage) to help bitcoin miners, large and small, develop their operations. Aaron Forster, the company’s director of business development, joined in October 2021, and [...]
Bitcoin blockchain's hashrate is surging, revealing a growing dislocation between the network activity and prices for its native token bitcoin (BTC). On a 14-day moving average, the hashrate, representing the computational power required to mine a block on the proof-of-work Bitcoin blockchain, recently reached an all-time high of 838 exahashes [...]
It's a risk-off day in Asia as traders look to Beijing's response to U.S. President Donald Trump's sweeping reciprocal tariffs on China and other Asian nations. On Wednesday, Trump announced reciprocal tariffs on imports from 180 nations, including higher taxes on trading partners identified as worst offenders, such as China [...]
The Trump administration's formation of a U.S. Strategic Bitcoin Reserve might have China re-thinking its hardline stance against crypto and that could be key for accelerated global adoption of BTC, asset manager Grayscale said in a research report Monday. "The most important country to watch in this regard is China," [...]
Japanese hotel company Metaplanet (3350) has acquired an additional 160 BTC at an average purchase price of 12.5 million yen, approximately ($83,600 per BTC), with a total investment of 1.998 billion yen ($13.4 million). This brings Metaplanet’s total bitcoin holdings to 4,206 BTC, acquired at an average purchase price of [...]
Bitcoin (BTC) purchases from video game retailer GameStop (GME) could be imminent or may have already begun after the company closed on its offering of $1.3 billion of five-year convertible notes. The $200 million greenshoe option was fully exercised by the initial purchaser, bringing the total amount of the sale [...]
Bitcoin (BTC) was inching towards 85,000 during European trading hours on Tuesday as traders largely await the impact of U.S. tariffs slated for Wednesday. Dogecoin (DOGE) and Cardano (ADA) rose over 7% to lead muted gains among majors, with ether (ETH), XRP, Solana’s SOL and BNB Chain’s BNB were up [...]