Bitcoin
Bitdeer, a prominent Bitcoin mining firm, has secured $60 million in loans to expand its ASIC manufacturing capabilities amid growing global mining competition and record-high Bitcoin network hashrates. The funding comes as miner profits face increasing pressure in the current market environment. According to the company's annual report,
Bitcoin
Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching traditional investment offerings that showcase the growing connection between crypto and traditional finance (TradFi). "There's a growing synergy between traditional financial investments and the emerging crypto space," said Gracy Chen, CEO of Bitget, the
100 Reasons For Bitcoin
Educational institutions worldwide are beginning to allocate scholarships and grants in Bitcoin, revealing practical applications beyond traditional reserve assets. Such programs reduce transaction costs compared to fiat-based international scholarships, provide enhanced accountability through blockchain verification, and help students develop digital finance skills. National Bitcoin reserves could supply the necessary cryptocurrency
Bitcoin
Japanese investment firm Metaplanet has increased its Bitcoin holdings to more than $400 million following its latest purchase. The company acquired 330 Bitcoin for $28.2 million at an average price of $85,605 per BTC, according to an April 21 post from CEO Simon Gerovich. This acquisition brings Metaplanet&
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Strategy, led by Michael Saylor, has purchased 6,556 Bitcoin for $555.8 million between April 14 and April 20. This acquisition occurred as Bitcoin traded near the $85,000 mark, according to the company's latest SEC filing. The company paid an average price of $84,785 per
100 Reasons For Bitcoin
National Bitcoin reserves offer governments the option to issue a state-backed stablecoin pegged to their local currency but fully backed by Bitcoin. This approach allows citizens to conduct daily transactions using a familiar unit of account while the nation benefits from Bitcoin's underlying value proposition. Regular audits and
Bitcoin
ABCDE, a major Web3 and blockchain-focused investment fund, announced it will stop making new investments and halt fundraising for its second phase. The $400 million fund will instead concentrate on supporting its current portfolio of projects while its co-founder shifts attention to a new crypto incubator called Vernal. Du Jun,
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
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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