BlackRock’s Bitcoin exchange-traded fund (ETF), IBIT, has reached a significant milestone by amassing over $1 billion in assets under management. This achievement highlights the increasing interest and adoption of digital assets within traditional investment circles.
A new report by Arkham Intelligence has uncovered that Elon Musk’s companies, Tesla and SpaceX, collectively hold around $1.3 billion worth of Bitcoin, significantly more than previously estimated.
According to Anthony Pompliano, the founder of Pomp Investments, Bitcoin (BTC) could double in price to $138,000 within the next few weeks, following a years-long bull trend and the asset’s recent break of its previous all-time high of $69,000.
Crypto miner Hut 8 is closing its Bitcoin mining site in Drumheller, Alberta due to elevated power prices and voltage problems despite the facility accounting for just 1.4% of its total hash rate.
Bitcoin (BTC) reached a new all-time high above $69,000, just two months after the approval and launch of several spot Bitcoin ETFs, raising questions about whether the ETFs accelerated this bull run.
Bitcoin rallied to a two-year high today, breaking above $68,000 as a surge of investment flows propelled the cryptocurrency within striking distance of its all-time record. The price hit a session high of $68,580, just shy of the record $68,999.99 set in November 2021.
Chinese state media outlet Economic Daily cautioned investors about Bitcoin risks amid the crypto’s price rally, as China maintains its ban on crypto trading and services.
A South Korean court has jailed a crypto scammer for 5 years for stealing over $1.6 million worth of crypto from an AfreecaTV broadcasting star through an elaborate scheme involving fake Bitcoin wallets and investment promises.
Bitcoin’s surge past $60,000 has renewed crypto market optimism, but Hong Kong’s planned crackdown on small crypto shops illustrates the industry’s uneasy fit with regulation.
Crypto mining firm Marathon Digital introduced Anduro, a new Bitcoin layer-2 platform focused on supporting sidechain development while allowing miners to earn extra income.
