crypto
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The Central Bank of Argentina (BCRA) made history by becoming the first central bank globally to host a live Bitcoin mining exhibit as part of an art display. The exhibition, titled Art, Artificial Intelligence, and the Future of the Economy, features real crypto mining rigs and installations by artist Alberto Echegaray, including the notable “Moneyballs”—spheres…
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VanEck’s head of digital assets research, Matthew Sigel, expressed optimism regarding Bitcoin’s potential in the lead-up to the upcoming U.S. presidential election. During an interview on CNBC’s Squawk Box, Sigel highlighted market trends that suggest an advantageous position for the cryptocurrency. Sigel pointed out that Bitcoin’s current setup may pave the way for significant gains…
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Fidelity’s Wise Origin Bitcoin Fund (FBTC) continues to grow its assets, now holding 184,219 Bitcoin, valued at over $12 billion as of October 2024. Fidelity’s move into the cryptocurrency space with a dedicated Bitcoin exchange-traded product (ETP) demonstrates how traditional finance is bridging the gap to digital assets, offering investors a safer way to access…
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For the first time in history, a single gold bar has reached the milestone value of $1 million. This occurred when the spot price of gold surged past $2,500 per troy ounce. Typically, gold bars weigh around 400 troy ounces, making each worth over $1 million at the current price level. The increase in gold…
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General Motors (GM) is committing $625 million to expand its lithium production capacity through a joint venture with Lithium Americas Corp., aiming to secure domestic lithium supplies critical to electric vehicle (EV) battery production. The investment focuses on the Thacker Pass project in Nevada, which holds North America’s largest known lithium deposit, targeting an annual…
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Michael Saylor’s recent comments on Bitcoin self-custody have sparked considerable debate within the cryptocurrency community. In an interview, Saylor suggested that relying on large financial institutions—often referred to as “too big to fail” banks—could be a safer option than individual self-custody, which he argued increases seizure risks, particularly when managed by non-regulated entities. He referred…
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MicroStrategy has revealed an ambitious capital gameplan, aiming to raise $42 billion, split between an at-the-market (ATM) equity offering and fixed-income securities. The company plans to secure $21 billion through each channel, allowing it to expand its Bitcoin holdings while supporting its business intelligence operations. The announcement underscores MicroStrategy’s enduring commitment to Bitcoin as a…
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Changpeng Zhao, widely known as CZ and the former CEO of Binance, reportedly experienced a significant increase in his wealth during his four-month incarceration. An analysis by Forbes suggests CZ’s net worth surged by $3 billion, equating to approximately $25 million gained per day while in prison. This surprising financial growth is attributed to CZ’s…
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The U.S. Treasury has identified a notable trend in which the rising use of stablecoins is significantly increasing the demand for U.S. Treasury bills. Treasury reports reveal that stablecoin assets now leverage approximately $120 billion in collateral tied up in T-bills and Treasury-backed repo transactions. This shift has resulted from stablecoins’ reliance on liquid, short-term…
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Charlie Munger, who passed away recently, has long been a significant figure in the financial world, known for his outspoken criticism of Bitcoin. Despite his passing, Munger’s harsh views on the cryptocurrency continue to be referenced in discussions about Bitcoin’s future. The Daily Hodl recently highlighted Munger’s strong stance against Bitcoin, using his critiques to…
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Billionaire investor Tim Draper has spearheaded a $2.5 million pre-seed funding round for Ark Labs, a promising startup focused on advancing Bitcoin transactions by making them faster and more cost-effective. Ark Labs, is working on a protocol designed to simplify Bitcoin payments, making the cryptocurrency more accessible for everyday global commerce. Draper, known for his…
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Bitcoin mining giant Bitfarms has agreed to acquire its competitor Stronghold Digital Mining in a deal valued at $175 million. The acquisition, which involves $125 million in stock and the assumption of $50 million in debt, positions Bitfarms to further solidify its place in the competitive cryptocurrency mining landscape. Stronghold shareholders will receive 2.52 Bitfarms…
