Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time. The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds
Arkham has cleared up the confusion around the U.S. government’s cryptocurrency holdings after alarm spread throughout the cryptocurrency community following the release of public records from the U.S. Marshals Service. The blockchain data tracking firm, Arkham Intelligence, has compiled data showing the U.S. government’s Bitcoin holdings across several agencies to clarify the confusion around the
A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to
Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin payments service, just as the firm joins the S&P 500. Shares of the NYSE-listed company, which owns Square, Cash App, and TIDAL, closed up 0.5% but have risen more than 14% over the past week. Dorsey stepped down as CEO Twitter, the
In his latest analysis of Bitcoin’s supply dynamics, cryptocurrency analyst Axel Adler noted that the market is still in the early stages of the macrocycle. According to Adler, the return of Bitcoins, which have been dormant for a long time, to circulation provides striking signals on the supply side, but the majority of investors are
After soaring to just shy of $124,000 weeks ago, Bitcoin, the first and largest cryptocurrency by market capitalization, has been stuck in a narrow consolidation around $118,000 since. At press time, BTC was down 0.6% in the last 24 hours and 0.3% weekly at $118,539, having been mostly flat since the beginning of the week.
Central to Draper’s worldview is the notion that bitcoin is simply better technology than any government-issued currency. Roughly 20% of the global adult population is unbanked, according to the World Bank; Bitcoin enables such people to make online payments, and manage their savings. It’s also incredibly efficient in terms of sending money abroad. A wire
Twelve years ago, in a largely empty room, a moment of Bitcoin history was quietly recorded. At the time, Bitcoin was trading for roughly $100, a mere fraction of its present worth, and only a few individuals were paying notice. However, what happened that day would subsequently be regarded as one of the greatest speeches
Former Brexit Minister Jacob Rees-Mogg has warned the Bank of England against undermining confidence in fiat currency, drawing parallels with both Bitcoin and gold. This came during a recent commentary on his YouTube channel. He stressed that the value of fiat currency ultimately lies in public confidence, an illusion that can easily collapse. Rees-Mogg was
Bitcoin is hovering around $117,826 on Wednesday as open interest in futures and options markets pushes into record territory, signaling intense institutional and speculative activity. The Data Behind Bitcoin’s Quiet Power Shift on Derivatives Exchanges Open interest (OI) in bitcoin derivatives continues its climb as traders allocate capital toward both futures and options amid heightened