Bhutan, the small Himalayan kingdom, has quietly, but decisively, become one of the world’s most important actors in the largely unregulated world of cryptocurrency. The reclusive country has been mining Bitcoin for several years, amassing holdings worth over $600 million as of April 9. Bhutan’s strategic investment in Bitcoin is...
BTC/USD nearly doubled in value to hit $85,379. This increase came on the heels of news of potential tariff relief on critical tech imports from the US-China trade war. Lowering tariffs would help alleviate cost-push inflationary pressure on the prices of those imports. Such a development could strengthen market expectations...
Bitcoin’s price fell more than 2% on Sunday, dropping to $83,482 in Asia trading hours. This decline mostly undid the previous week’s progress, with Bitcoin missing out on the bull run of the equity markets. The fall came alongside erratic and confusing signals from the Trump administration on whether potential...
On that day — April 14, 2020 — El Salvador’s President Nayib Bukele was in Washington, DC, visiting then-President Donald Trump at the White House. While they stuck to trade and immigration topics, Bitcoin policy discussions unfortunately became an afterthought. This meeting coincides with the fact that both countries are...
Tether, the biggest company in the global digital asset industry, just dropped some great news. They aim to use all of their current and future hashrate on OCEAN, one of the largest Bitcoin mining pools that value decentralization. This move leverages OCEAN's DATUM Gateway software and aligns with Tether's broader...
Bitcoin options point to a return of bullish sentiment. That’s apparent from a special influx of wagers aimed at crossing the $100,000 threshold. This overall trend is clear even looking at Deribit, the largest platform that makes up more than 75% of global options activity. The $100,000 call option has...
Metaplanet Inc., the family office of Bitmain co-founder Jihan Wu, has tripled down on Bitcoin, adding 319 BTC to its balance sheet. Metaplanet recently sold out with a ¥140,592,340 ($974,153) average purchase price per the cosmos coin. With this most recent transaction, their aggregate Bitcoin reserves have risen to 4,525...
Strategy’s stock fell by 0.69% in after-hours trading. This follows speculation from former CEO Michael Saylor that we’d hear of yet another Bitcoin purchase on Monday. Between March 31 and April 6, the company maintained a hold pattern, no longer buying up coins. The price of Bitcoin today is $84,762.On...
Ethereum (ETH-USD) has shown a lot of endurance, stabilizing around $1,638 on Monday after fluctuating throughout last week. The cryptocurrency has found support at its 200-day Exponential Moving Average (EMA), an important technical indicator. Regardless, the precious metal continues to encounter selling pressure just below the $1,700 level. Market uncertainty...
Lomond School, a Presbyterian boarding school in Helensburgh, Argyll and Bute, Scotland, plans to start accepting Bitcoin in payment of school tuition. This welcome amendment goes into force from the autumn term. The move to adopt the cryptocurrency follows longstanding prodding from parents. Lomond School accepts pupils from nursery at...