Bitcoin investment company Swan Bitcoin has abandoned plans to go public soon and intends to shut down its managed mining operations. In an X post on Monday, CEO Cory Klippsten said the company is scaling back its increased spending plan for its core financial services business. This rollback includes staff reductions across various departments, although...
Metaplanet has partnered with Hoseki, a global leader in Bitcoin verification solutions, to allow users to verify the company’s Bitcoin holdings. In a Tuesday announcement, Metaplanet said that the move is intended to enhance transparency and trust in its Bitcoin holdings through the use of Hoseki Verified. “As Bitcoin adoption proliferates globally, the importance of...
Mt. Gox, the Japanese crypto exchange that collapsed in 2014, transferred 42,587 Bitcoin, estitmated at $2.85 billion, to an unknown wallet on Tuesday. The move comes a day after the exchange executed test transactions as Mt. Gox is preparing to repay its creditors. Following the move bitcoin price dipped below $66,300 down 1.84%. Source: Arkham...
Bitcoin (BTC) has struggled to maintain its upward momentum. Recently, it lost traction around the $66,560 level, hitting an intra-day low of $66,416. However, an upward trendline suggests a Bitcoin price prediction. Despite reaching a high of $68,418 yesterday, BTC was unable to sustain its gains and fell below $67,000 by the end of the...
Mt Gox on Wednesday transferred 37,477 Bitcoin (worth $2.47b) from a cold wallet to an unknown address, according to Arkham Intelligence. Additionally, the defunct crypto exchange internally moved 5,106 BTC (valued at $226m) from one cold wallet to another within Mt. Gox. These transfers are likely related to its repayment plan for creditors. It follows...
Recent inflows of $530 million into Bitcoin ETFs, notably BlackRock’s IBIT, have sparked mixed Bitcoin price predictions. While initially appearing bullish, historical patterns suggest these inflows may lead to profit-taking and increased market volatility, potentially causing a temporary price dip. Bitcoin ETF Inflows of $530 Million May Signal Potential Price Dip Recent large inflows into...
Bitcoin spot exchange-traded funds (ETFs) witnessed outflows amounting to $77.9704 million on July 23, marking the first net outflow after twelve consecutive days of net inflows. Among the ETFs, Grayscale’s GBTC recorded a notable net outflow of $27.3094 million, according to data from SoSoValue. Similarly, the Ark & 21Shares ETF experienced a substantial outflow of...
Electric vehicle maker Tesla did not sell any Bitcoin during the second quarter of the year, according to its latest quarterly report. The company did not engage in any Bitcoin transactions for the eighth consecutive quarter, maintaining its stash of approximately 9,720 Bitcoins, worth $640 million at the current price. These Bitcoins were acquired at...
Kamala Harris’ campaign is reportedly in discussions with Bitcoin Magazine about her possible participation in the upcoming Bitcoin Conference. In a recent post on X, Bitcoin Magazine CEO David Bailey revealed that they are “in talks with Kamala Harris campaign for her to speak at the conference.” Bailey claimed that Harris’ appearance could “reset the...
Privacy and security email firm Proton has unveiled the Proton Wallet, a self-custody Bitcoin-only wallet allowing users to hold digital assets. In an announcement, the Switzerland-based email firm said with the launch of Proton Wallet, Proton is making it easier for newcomers to start using Bitcoin and adopt it as a means of payment outside...