The Florida pension fund has made a major move to gain exposure to Bitcoin. Recently, the fund revealed it purchased $47 million worth of MicroStrategy ($MSTR) stock. MicroStrategy is a business intelligence company that also holds a large amount of Bitcoin on its balance sheet. As a result, the fund now indirectly benefits from Bitcoin’s
HashKey Capital secured $250 million in commitments in the first close of its fourth crypto-focused fund amid “significant interest” from institutional investors despite shifting market conditions. The fund, known as “HashKey Fintech Multi-Strategy Fund IV,” exceeded initial expectations at its first close and is targeting a final size of $500 million, the company said in
Story Highlights Gold hits record new all time highs while Bitcoin lags, renewing debate over which asset stores value. Analysts argue Bitcoin halvings enforce rising production costs, unlike gold mining responding to prices. Conservative models suggest Bitcoin could match gold’s market value within eighteen years from now and btc will hit $1.5 million. Gold has
Bitcoin pioneer Adam Back has once again made his position clear. The cypherpunk legend recently said that Bitcoin is “the one coin to rule them all,” reinforcing his long-held belief in Bitcoin’s unique role in the crypto space. Back is not just another commentator. He is one of the most respected figures in Bitcoin’s history.
Key Highlights Crypto.com has formally raised objections to a rule that would exclude companies with over 50% digital asset holdings from major global stock indexes This objection has raised support from the industry leaders and supporters The largest corporate Bitcoin holders warn that the rule is “discriminatory, arbitrary, and unworkable” A leading cryptocurrency exchange, Crypto.com
Ontology, a blockchain focused on decentralized identity and trust infrastructure for Web3, is pleased to announce the launch of Ontello Beta, a new app that brings encrypted messages, on-chain identity, and artificial intelligence (AI) agents. The mission behind this launch is to protect users’ identities while bringing their messages fully on-chain in encrypted form under
Bitcoin price failed to continue higher and dipped below $88,500. BTC is now declining and might struggle to stay above $86,800. Bitcoin started a fresh decline from the $90,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $87,650 on
BitMEX Research has shared a retrospective analysis of the long-standing debate regarding quantum computing and its potential threat to Bitcoin. It contrasts discussions from the early days of Bitcoin (circa 2010) with the present day. Interestingly enough, BitMEX Research claims that the arguments happening today are nearly identical to those from 15 years ago. In
Bitcoin’s (BTC) price has dipped nearly 1% again today, extending its broader downtrend, which has seen it drop 3.6% so far this month. However, 2 key metrics now hint at an easing of selling pressure. Despite this, some analysts caution that buying power remains weak, restricting the chances of a significant price rally at least
Tom Lee recently said the Bitcoin price could still push above $100,000 before 2025 ends. It is a bold call, especially with Bitcoin trading sideways and momentum looking tired. At first glance, the market does not look ready. Big money flows are weakening, long-term holders are selling, and price action remains compressed. But Bitcoin has