Sweden-based digital trading company Refine Group announced that it has raised 10 MSEK (approximately $1 million) in capital and launched a new business line, Digital Assets, powered by a Bitcoin-based treasury strategy. Refine Group has launched a third business unit, Digital Assets, in addition to its existing “Products” and “Digital Services” businesses. With this new
A new Bitcoin draft proposal wants to do what’s long been unthinkable: Freeze coins secured by legacy cryptography — including those in Satoshi Nakamoto’s wallets — before quantum computers can crack them. That’s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that
Bitcoin (BTC) experienced a historic day on Monday, breaking records for the first time in a row, surpassing $123,000. However, the joy of a new ATH was short-lived. Shortly after surpassing $123,000, BTC began to decline, falling to the $116,000 level. While the market agrees that this correction is due to profit taking and is
Chaitanya Jain, Strategy’s Bitcoin strategy manager, has addressed the recent concerns spread on social media about the potential dependence of Strategy’s success on the Bitcoin price. Some in the community believe that if the world’s largest cryptocurrency, BTC, were to collapse, Strategy’s stock price would follow suit, and the company may face substantial financial difficulties.
After peaking at a new all-time high of over $122,800 earlier this week, Bitcoin (BTC) has undergone a correction, driven by macroeconomic pressures and profit-taking. In fact, an old Bitcoin whale from the Satoshi era has also started moving its holdings, exacerbating sell-off fears. Still, experts argue that Bitcoin’s ability to weather such transfers without
Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy’s (MSTR) aggressive bitcoin BTC$118,676.04 acquisition strategy has dramatically boosted the value of its convertible debt. With bitcoin steady near its record price and the company’s shares rebounding toward $450, five of the six bonds outstanding are deep in the money, meaning the stock
After a sharp rally to a local high of $122,000 earlier this week, Bitcoin price has entered a consolidation phase, trading near $117,300 at the time of writing. While the broader trend remains bullish, several technical signals on the lower timeframes now point to exhaustion. Bulls must defend the $115,000–$116,000 zone to avoid a deeper
Bitcoin has retraced slightly after hitting a new all-time high near $123,000 as miners appear to be locking in profits. Bitcoin (BTC) has dropped roughly 5% from its most recent peak and is trading at about $117,538 as of press time. Although there is still some momentum overall, there are signs of short-term pressure beginning
While Bitcoin’s recent record high of over $123,000 has created great excitement in the cryptocurrency markets, Fairlead Strategies founder Katie Stockton predicts that the price could rise to $135,000 in the intermediate term. Appearing on CNBC’s “Closing Bell” program, Stockton stated that Bitcoin has emerged strongly from the consolidation process in recent weeks and that
The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such