Metaplanet (3350) said it bought a further 269.43 bitcoin (BTC), strengthening its position as a major corporate holder of the cryptocurrency. The latest purchase, valued at 4 billion yen ($26.4 million), takes the Tokyo-based company's holdings to 2,031.41 BTC. The purchase is part of the company’s ongoing Bitcoin Treasury Operations; [...]
This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin City, here. The sun was setting as I rolled into El Zonte, a small surfing village on the coast of El Salvador. It was a late January afternoon. The [...]
Short-term bitcoin (BTC) holders (STHs) have added 1.5 million bitcoin (BTC) since September taking the total to over 4 million bitcoin, according to Glassnode. This equates to an average accumulation of approximately 300,000 BTC per month. During this period, bitcoin surged from $60,000 to $109,000 before pulling back below $100,000. [...]
Nasdaq-listed Zoom Communications (ZM), a stock market high-flyer during the pandemic boom that's faced tougher times since, should embrace a bitcoin (BTC) strategy to shake up sluggish stock performace and provide value to shareholders, said Eric Semler, chairman of medical technology firm Semler Scientific (SMLR). "Once a pandemic darling, Zoom [...]
Inflation at the wholesale level came in faster than forecast last month in another disappointment to investors and policymakers hoping for cooling price pressures. The Producer Price Index (PPI) rose 0.4% in January versus economist forecasts for 0.3% and 0.2% in December. On a year-over-year basis, PPI was higher by [...]
BNB Chain's BNB token and PancakeSwap's CAKE bucked low-volatility market conditions to rally 9.3% and 35% respectively even as bitcoin (BTC), the largest cryptocurrency, remained rangebound at $96,200. CAKE has more than doubled over the past seven days, a move coinciding with a spike in trading volume, with $1.1 billion [...]
Metaplanet (3350), a Japanese bitcoin (BTC) acquirer, will be added to the Morgan Stanley Capital International (MSCI) Japan index at the end of Feb. 28, according to the firm's CEO Simon Gerovich. The MSCI index tracks mid-to-large-cap Japanese stocks, which serve as a key benchmark for institutional investors worldwide. As [...]
If you asked a cypherpunk in the 1990s about their worst-case scenario for the future of money, they probably would have described something very close to Central Bank Digital Currencies (CBDCs). The fight against financial surveillance was fundamental for Bitcoin’s early instigators, and CBDCs go against everything they stand for: [...]
A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin (BTC). But those expecting bullish fireworks may be disappointed. The Labor Department will publish January's consumer price index (CPI) report on Wednesday at 13:30 UTC. It's expected to show that the cost of living [...]
KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC. The firm increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin, according to the announcement. This move aligns with the company’s bitcoin [...]
