Blockrise secures a Markets in Crypto-Assets Regulation license, positioning itself as a regulated bitcoin-only platform across the European Union. Rotterdam-based Blockrise, a Dutch bitcoin startup, has been granted a license by the Dutch Authority for the Financial Markets (AFM) under the new European Markets in Crypto-Assets Regulation (MiCAR). The license enables Blockrise to provide Bitcoin […] Original
Tether has reportedly confirmed its intention to cease its operations based in Uruguay. According to local media, Tether has informed Uruguay’s Ministry of Labor and Social Security during a meeting held at the headquarters of the National Directorate of Labor. Simultaneously, the USDT issuer has reportedly laid off 30 of its 38-member team, leaving only a skeleton crew behind. Summary Tether informed Uruguay’s Ministry of Labor that it will cease local operations. The company has laid off 30 members of staff. Uruguay’s high power tariffs reportedly made Tether’s bitcoin mining…
SpaceX moved 1,163 BTC worth about $105m to a new Coinbase Prime-linked wallet after years of dormancy, trimming on-chain holdings to 6,095 BTC as analysts flag a custody reshuffle, not a sale. Summary SpaceX transferred 1,163 BTC to a new wallet likely tied to Coinbase Prime, following a similar 1,215 BTC move in October. The firm’s wallet, inactive for three years until July 2025, now holds 6,095 BTC, down from a peak of about 25,000 BTC in 2022. Analysts see the transactions as custody reorganization rather than liquidation, while Tesla…
Strategy’s Bitcoin-treasury edge is eroding as JPMorgan and Morgan Stanley roll out leveraged Bitcoin products, tightening margins and pressuring MSTR’s downtrending stock. Summary JPMorgan and Morgan Stanley launched leveraged Bitcoin-linked structured products tied to ETFs, giving institutions upside with downside buffers. Strategy’s stock has trended lower since mid-October after higher margin requirements, short trades, and scrutiny of peers like Metaplanet. The entry of major banks into Bitcoin products challenges Strategy’s role as the primary corporate Bitcoin proxy for institutional investors. Strategy Inc. is confronting increased competition as JPMorgan Chase and…
JPMorgan filed to issue bitcoin-backed structured notes linked to BlackRock’s IBIT ETF, offering up to 1.5x leveraged returns and conditional principal protection for institutions. Summary Notes track BlackRock’s IBIT ETF, giving institutions indirect bitcoin exposure without holding the asset directly. Product offers up to 1.5x leveraged upside and as much as 16% returns if IBIT hits set targets by December 2026, with principal protected unless bitcoin drops over 30% by 2028. Filing marks a major step in JPMorgan’s broader crypto strategy, signaling growing institutional demand despite bitcoin’s volatility and embedded…
Bitcoin surpassed $90,000 on Wednesday and held the breakout, despite volatility across the broader crypto market. Summary Technical indicators show BTC trading below key moving averages, suggesting the broader trend remains under pressure, according to chart analysis. Market observers report that short-term buying pressure has not been sufficient to sustain breakouts above resistance levels. The cryptocurrency market remains in a reactive trading phase Price advances followed by rapid reversals Technical indicators show Bitcoin (BTC) trading below key moving averages, suggesting the broader trend remains under pressure, according to chart analysis.…
Retail Bitcoin traders are discovering that crypto volatility doesn’t just affect their portfolios—it’s wreaking havoc on their sleep schedules. Summary 68% of retail Bitcoin traders check prices in bed nearly every night, with 81% losing sleep waiting for market moves or favorable trading conditions. Nearly 60% cite Fear of Missing Out as the main driver of sleepless nights, while 70% admit tiredness leads to poor trading decisions. Market swings peak between 18:00 and 06:00 UTC, overlapping with prime sleep hours in Europe, the Middle East, and Africa. According to a…
Strategy is reassuring investors that its towering Bitcoin stash still dwarfs its debt—even as its stock price keeps falling faster than a hardware wallet dropped off a balcony. Summary Strategy says its Bitcoin holdings far exceed its debt, claiming a 5.9x asset-to-liability ratio at its average purchase price and a 2.0x ratio even in a severe crash. The firm’s stock has slumped, leading to its removal from the S&P 500. IStrategy’s market valuation is below the value of its own BTC holdings for the first time in five years. Michael…
PayPal has announced a cryptocurrency sweepstakes offering Bitcoin prizes to customers in the U.S., the company stated. Summary PayPal launches its first U.S. cryptocurrency sweepstakes. Entry is tied to crypto transactions, with users earning one entry per transaction (up to 10 per week). Promotion aims to boost crypto adoption, leveraging PayPal’s existing platform that supports six cryptocurrencies. The promotion will award one top Bitcoin prize, five substantial Bitcoin prizes, and 162 smaller Bitcoin amounts to participants, according to the company’s announcement. Prizes will be distributed weekly through December 21. Users…
The digital asset broke $90,000 on Wednesday afternoon, mirroring stocks which also posted strong gains. Pre-Holiday Pump: What’s Driving Bitcoin’s Latest Rally? It used to be that cypherpunks and bearded libertarians were the typical bitcoin archetypes. But after the first cohort of bitcoin exchange-traded funds (ETFs) was approved last year, the new avatar might as […] Original