Bitcoin
UK investment firm Abraxas Capital has purchased 2,949 Bitcoin valued at more than $250 million over four days leading up to April 19. The London-based firm completed its latest transaction on April 18, buying over $45 million worth of Bitcoin from Binance, according to crypto intelligence firm Lookonchain citing
100 Reasons For Bitcoin
Blockchain technology offers governments a reliable method to distribute social welfare payments with greater efficiency and accountability. By incorporating Bitcoin reserves as part of a national treasury strategy, countries can develop payment systems that deliver pensions, unemployment benefits, and child support without the typical delays and administrative costs of traditional
Bitcoin
Astar Network has made changes to its tokenomics structure to reduce inflationary pressures within its ecosystem. The blockchain firm announced on April 18 that it had cut base staking rewards from 25% to 10%, a measure aimed at controlling token inflation. The company stated that this adjustment promotes a more
Bitcoin
A Spar supermarket in Zug, Switzerland has begun accepting Bitcoin payments via the Lightning Network. The store's Bitcoin payment system went live recently as part of BTC Map, a community-driven project that shows businesses accepting Bitcoin payments. DFX Swiss, a crypto-to-fiat payment solution company, announced the development in
100 Reasons For Bitcoin
Bitcoin-based remittance channels provide substantial economic benefits for countries with large diaspora populations abroad. When nations hold Bitcoin as part of their reserves, they establish direct payment corridors that reduce friction costs associated with traditional money transfer services. These savings directly benefit receiving households, as transaction fees drop from an
Bitcoin
Lombard Finance has released a software development kit enabling platforms to offer bitcoin staking services with a single click. The toolkit targets an estimated $154 billion in bitcoin currently sitting unused on centralized exchanges. The SDK allows users to stake their BTC to receive LBTC tokens, which can then be
Bitcoin
Bitcoin staking protocol Babylon experienced a significant withdrawal on April 17, with $1.26 billion worth of Bitcoin unstaked from its platform. According to blockchain analytics firm Lookonchain, several addresses removed a total of 14,929 Bitcoin from the staking platform. The security firm identified four addresses that had unstaked
100 Reasons For Bitcoin
National governments that maintain Bitcoin reserves gain the ability to distribute aid directly to citizens through digital wallets, bypassing traditional bureaucratic channels. This method reduces administrative costs significantly, with studies showing that traditional aid programs often spend 30-40% of their budgets on overhead. In contrast, Bitcoin transactions cost less than
Bitcoin
Auradine, a California-based bitcoin miner manufacturer, has raised $153 million in a Series C funding round. The investment will support expansion of both its core bitcoin mining business and its newly launched AI infrastructure division, AuraLinks AI. The round consists of $138 million in equity and $15 million in venture
Bitcoin
Panama City's municipal government has approved the use of cryptocurrency for various government payments. Mayor Mayer Mizrachi Matalon announced on Wednesday that residents can now use digital currencies to pay for taxes, fees, tickets, and permits. The city will accept four cryptocurrencies: bitcoin, ether, USDC, and USDT. This
100 Reasons For Bitcoin
Pension funds seeking to protect retirement assets against inflation and currency devaluation are beginning to consider Bitcoin as a strategic allocation within diversified portfolios. While traditional pension systems rely heavily on government bonds and equities, the introduction of a small Bitcoin position—typically 1-5% of total assets—provides exposure to
Bitcoin
Matt Cole, CEO of Strive Asset Management, has called on financial software developer Intuit to change its "censorship policies" and "anti-bitcoin bias" in an open letter dated April 14. The letter was addressed to Intuit CEO Sasan Goodarzi and board Chair Susan Nora Johnson. Cole'
Bitcoin
According to data from the Central Reserve Bank of El Salvador, only 20 out of 181 registered Bitcoin service providers are currently operational in the country. This represents just 11% of registered firms, with the remaining 89% classified as non-operational for failing to meet requirements established under El Salvador'
100 Reasons For Bitcoin
National governments that allocate a portion of their reserves to Bitcoin can create strategic public-private partnerships that accelerate development of specialized blockchain applications with significant public utility. These partnerships allow governments to leverage private sector innovation while maintaining oversight of critical infrastructure projects. By committing Bitcoin reserves as backing for
Bitcoin
Coinbase celebrated the fourth anniversary of its public debut yesterday. The company went public on April 13, 2021, reaching an $86 billion valuation that briefly touched $100 billion, rivaling Facebook's 2012 market entry. CEO Brian Armstrong noted at the time that the listing created a thousand new millionaires
Bitcoin
Metaplanet Inc. (3350), a Japanese technology company, has acquired an additional 319 bitcoin (BTC) at an average price of $83,147 per coin. This recent purchase has propelled the company into the ranks of the top 10 largest public bitcoin holders globally. The company's total bitcoin holdings now