Goldman Sachs is unopposed to expanding its Bitcoin or Ethereum participation in an accommodating regulatory environment. Original
Day: December 10, 2024
Bitcoin-only app Relai secures $12m in new funding round
Relai, a self-custodial Bitcoin-only app, has raised $12 million in its Series A funding round, backed by several crypto-focused venture capital firms. The Switzerland-based app announced that Bitcoin (BTC)-only venture capital firm Ego Death Capital contributed $4 million to the… Original
Solana Holds Steady At Key Support, Price Rebound Looming
Solana (SOL) is holding firm at a critical $209 support level, as the recent bearish surge has failed to break below this level. After recent price fluctuations, SOL’s ability to hold steady at this key zone has sparked speculation that a rebound might be on the horizon. With market dynamics shifting and technical indicators offering mixed signals, the question remains: will the bulls take charge and propel SOL upward, or will further decline occur? Bearish Pressure Eases: Can The Solana Bulls Step In? Solana has experienced a notable reaction at…
Russian Duma Deputy Proposes Creation of Strategic Bitcoin Reserve
A deputy in the Russian parliament proposed the creation of a strategic bitcoin (BTC) reserve to tackle sanctions imposed on the country, state-owned news agency Ria reported on Monday. Anton Tkachev of the New People party, which formed in 2020 and has 16 out of the 450 seats in the State Duma, asked Finance Minister Anton Siluanov to “assess the feasibility of creating a strategic bitcoin reserve in Russia by analogy with state reserve in traditional currencies.” The reserve would help counter the threat posed to Russian financial stability by…
Microsoft shareholders reject Bitcoin treasury proposal
Microsoft shareholders have voted against a proposal to add Bitcoin to the company’s treasury holdings. The decision, announced on December 10, followed the board’s recommendation to reject the measure, which was introduced by the National Center for Public Policy Research.… Original
Efficiency Meets Power: Microbt Launches New Whatsminer Bitcoin Miners in Abu Dhabi
Microbt, the well-known developer of Whatsminer application-specific integrated circuit (ASIC) bitcoin miners, revealed an exciting trio of new mining machines during the Bitcoin MENA Conference in Abu Dhabi. Microbt Ignites Mining Competition With Advanced Whatsminer Machines The fresh lineup, unveiled in a press release shared with theminermag.com, features the air-cooled M60S++, the hydro-cooled M63S++, and […] Original
Solana Might Reach $295 Once It Breaks Key Supply Zone – Details
Este artículo también está disponible en español. Solana (SOL) has captured significant attention in the crypto market after a series of volatile days that followed its breakout to a new all-time high on November 22. The asset, known for its speed and scalability, is now testing critical demand levels around $220, a zone that could determine its next move. Related Reading Renowned investor and trader Carl Runefelt shared a detailed technical analysis on X, highlighting the formation of a massive symmetrical triangle that Solana has been tracking since early November.…
The Michael Saylor of the Bitcoin Mining Industry
Under Fred Thiel’s leadership, MARA Holdings (MARA) — previously known as Marathon Digital Holdings — has become not only one of the largest bitcoin miners in the world but also the second-largest corporate owner of bitcoin, with about $3.9 billion worth on its balance sheet. Thiel joined the mining company in 2018 as a director and was appointed CEO in 2021. Since then, he has navigated through the bull market of 2021 and the subsequent brutal crypto winter. His company has been focused on a bitcoin-centric business model, while other…
Bitcoin Plunges 3,000 Points, Recovers to 98K: QCP Predicts Stability Ahead
The crypto economy experienced a dramatic $1.5 billion in long liquidations, resulting in a 3,000-point drop before finding support at the critical 95,000 level, according to analysts at QCP Capital. Institutional Demand Rises: QCP Questions If Market Can Stay on the Sidelines The leading cryptocurrency, bitcoin (BTC), has since recovered, consolidating in the 97,000 to […] Original
Billionaire Ray Dalio supports Bitcoin and Gold over debt assets
Ray Dalio has highlighted the growing risks of global indebtedness, urging investors to pivot toward “hard money” assets like gold and Bitcoin rather than traditional debt instruments. Speaking at a financial conference in Abu Dhabi, Dalio expressed concerns about mounting debt in the United States, China, and other major economies, describing the trend as “unsustainable.” Debt assets, such as bonds, are financial instruments issued by governments or corporations to raise funds. Dalio’s warning stems from his belief that rising debt levels could lead to significant financial challenges, including the potential…