GameStop recently announced its Bitcoin purchase, joining the growing list of companies that are integrating cryptocurrency into their financial strategies.Market analysts anticipate that Nintendo, the Japanese video game giant, may follow suit, especially with over $14.88 billion in cash on hand. Nintendo, the Japanese multinational known for its beloved gaming franchises, has historically maintained a...
With a 40% U.S. recession risk, Bitcoin’s volatility raises questions about its role as a true safe haven. Macroeconomic stress and trade tensions are pressuring both traditional and crypto markets—investors eye BTC’s next move. In line with CNF’s previous coverage on the U.S. recession and an ‘innovative’ fix for America’s debt crisis, market analyst Nic...
Marathon plans to raise $2 billion via stock offering to support operations and buy more Bitcoin as part of its expansion strategy.The company boosts efficiency through wind energy use and short-term Bitcoin lending to cover operational costs. Bitcoin mining company Marathon Digital has announced a $2 billion market-directed stock offering. This move is not just...
BTC, the largest cryptocurrency with a market cap of $1.6 trillion, has dropped 5.8% over the past week, pushing it 24.71% below its all-time high.This movement has sent short-term investors into a state of extreme panic and fear, especially with the upcoming tariffs set to take effect on April 2. Bitcoin has recently faced significant...
Building wealth is easy with the right structures, according to market experts.XRP features in the expert’s game plan alongside Bitcoin and Tradfi products. Crypto investment, despite its inherent risks, is known to have turned a handful of investors into millionaires and even billionaires. Recognizing XRP’s potential to turn investors into millionaires, angel investor Armando Pantoja...
Bitcoin (BTC) and major US Equity Indices like Nasdaq and S&P 500 are reported to be forming a death cross, which indicates that the prices could see further declines. A renowned crypto trader has also predicted that Bitcoin could fall to $65k following a bear wedge breakdown. The 1.5% drop in the Bitcoin price level has...
Five major US events, including the Liberation Day and the Initial Job Claims, are expected to impact the crypto market in the coming week. Unemployment insurance claims below the 224,000 reading could affect the US Dollar and increase demand for Bitcoin. With the current volatility and uncertainty surrounding the crypto market, analysts have highlighted five key...
Strategy now holds 528,185 BTC, over 2.5% of Bitcoin’s total supply. The latest purchase was funded through stock sales, generating over $1.2 billion from MSTR and STRK. Business intelligence and software firm MicroStrategy Inc., now rebranded as Strategy, has expanded its Bitcoin holdings. As reported, the company purchased an additional 22,048 BTC for approximately $1.92 billion...
California is boldly amending the Money Transmission Act to recognize digital assets as legal payment while preventing public officials from issuing, sponsoring, or promoting crypto. California is reported to have made multiple pro-crypto decisions, including an advanced step towards establishing a Bitcoin strategic reserve. California Democrat and Banking and Finance Committee chair Avelino Valencia has made...
About 25% of S&P 500 firms are to hold Bitcoin in 5 years, as predicted by market experts.Strategy pioneered this trend with over 120 more to go if current projections play out. Many traditional firms are beginning to show strong support for adding Bitcoin (BTC) to their balance sheet as the asset gains widespread attention....