Bitcoin
Coinbase plans to launch its Bitcoin Yield Fund on May 1, targeting institutional investors outside the US seeking passive income from their Bitcoin holdings. The world's third-largest cryptocurrency exchange by volume announced the fund will aim for annual net returns between 4% and 8%. According to the April
Bitcoin
Michael Saylor, co-founder of Strategy, hinted at another Bitcoin investment on April 27, just one week after the firm purchased $555 million worth of Bitcoin at an average price of $84,785 per coin. His social media post "Stay Humble. Stack Sats" fueled speculation about the size of
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El Salvador has acquired 7 Bitcoin worth over $650,000 in the week leading up to April 27, according to blockchain data from the country's Bitcoin Office. This acquisition comes despite an agreement with the International Monetary Fund (IMF) that appeared to restrict such purchases. During an April
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BlackRock's head of thematics and active ETFs, Jay Jacobs, has revealed that central banks, particularly China, may be moving away from US Treasuries toward alternative assets such as gold and Bitcoin. This shift comes amid growing geopolitical tensions and global uncertainty, according to Jacobs' recent CNBC interview.
Bitcoin
The Italian municipality of Fornelli in the Molise region has announced plans to dedicate a monument to Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The artwork is scheduled to be unveiled on May 1, according to an April 23 Facebook post from the local government. The monument has been designed
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BlackRock's iShare Bitcoin ETF (IBIT) has been named the "Best New ETF" at the annual etf.com awards on April 23. The recognition came on the same day the fund recorded $643.2 million in inflows, its highest single-day total since January 21. Bloomberg ETF analyst
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New Hampshire's House Bill 302, which would permit the state treasurer to invest up to 10% of general funds in cryptocurrencies with market capitalizations exceeding $500 billion, has cleared its second Senate committee. The bill passed in a 4-1 vote on April 23 and now advances to a
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Riot Platforms has secured a $100 million credit facility from Coinbase, using a portion of its Bitcoin holdings as collateral. The loan agreement was announced on April 23 by the Bitcoin mining company, which currently holds 19,223 BTC valued at approximately $1.8 billion. CEO Jason Les stated that
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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
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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
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,
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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
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