Bitcoin (BTC) development company MicroStrategy reported a net loss for the first quarter of 2024 of $53.1 million, or $3.09 per share on Monday. In its first-quarter earnings report, the software firm reported operating expenses included impairment losses on the company’s digital assets, which stood at $191.6 million during the first quarter of 2024, compared...
The Hong Kong Stock Exchange today announced the launch of new spot Bitcoin and Ethereum exchange-traded funds (ETFs). According to an official announcement by Hong Kong Exchanges and Clearing Limited (HKEX), the Bitcoin and Ethereum ETFs were welcomed on Tuesday, April 30, marking the introduction of the first spot virtual asset (VA) ETFs in Asia....
Alliance Resource Partners (ARLP), a prominent coal mining company listed on the NASDAQ, has mined $30 million worth of Bitcoin by utilizing excess power at its facilities. During an earnings call on Monday, Cary Marshall, the chief financial officer of ARLP, revealed that the company embarked on a pilot project in the latter half of 2020...
Bitcoin (BTC) recently eclipsed the $63,000 mark, prompting renewed interest in its future market trajectory. After briefly retracting below $60,000, Bitcoin quickly rebounded, underscoring its persistent volatility. Observers are now evaluating the likelihood of Bitcoin reaching a target of $70,000 in the face of fluctuating market conditions. Influential factors, such as the cryptocurrency halving events...
The Bitcoin (BTC) price tumbled more than 5% on Tuesday to below $60,000 following a disappointing first day of spot Bitcoin ETF trade in Hong Kong. This was accompanied by fresh US economic data that pointed to sticky inflation and strengthened the argument that the Fed should wait before cutting interest rates. Having pushed nearly...
Just three days after the Bitcoin halving event, a record-breaking 1.6 million unique Bitcoin transactions were processed on April 23, according to data from Blockchain.com and Glassnode. The transaction surge signifies a growing interest in utilizing Bitcoin for everyday trades, moving beyond its traditional role as a store of value. Bitcoin Runes Dominate Daily Transactions...
Bitcoin HODLers appear to have finished taking profits from their long-dormant coins after an early-year rally pushed them far into the green, according to a popular crypto market analyst. In a Monday X post, TXMCtrades said that the market has “likely absorbed the majority of the Long-Term Holder supply we will see activated in this...
Animoca Brands, a Hong Kong-based game software company, is entering the Bitcoin ecosystem with the Opal Foundation, using the Opal Protocol to build the Largest Web3 Ecosystem. On April 30 Animoca Brands announced their plans to “come to Bitcoin.” The plan will see a diverse ecosystem of gaming, entertainment, Defi, education, and culture, built on...
A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024. The Labor Department said labor productivity rose by 0.3 percent in the first quarter after spiking by a revised 3.5 percent in the fourth quarter. Economists had expected productivity...
Hong Kong’s entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading. The figure falls extremely short of the $4.6 billion achieved by the 11 spot Bitcoin ETFs in the United States. These new...