BlackRock’s White Paper Release Triggers BTC to Almost $63k
Following BlackRock’s white paper release, which underscored the potential of BTC as a hedge against monetary and geopolitical risks, Bitcoin experienced a nearly 6% price increase. BlackRock has released a white paper on the appeal of Bitcoin to investors as a “unique diversifier” that is not subject to traditional fiscal and geopolitical risks. A senior […]
Riot Exec Shares How BTC Strategic Reserve Can Aid US
Pierre Rochard, the Vice President of Research at Riot, has disclosed a three-step strategy for the US to utilize a BTC strategic reserve to support the economy. Pierre Rochard, the Vice President of Research at Riot Platform , a Bitcoin miner, recently disclosed how the BTC Reserve plan could facilitate the repayment of the United […]
Bitcoin Hashrate Records Recovery As BTC Price Eyes Rebound
Bitcoin hashrate has experienced a significant increase from earlier in the month, coinciding with Bitcoin’s attempt at recovery. The recent market events, such as the regrettable CrowdStrike failure, have not affected the Bitcoin (BTC) mining hashrate. It was discovered that this hashrate experienced a significant recovery concurrent with the ongoing BTC price rebound. Mining Difficulty and […]
Digital Asset Inflows See $441M as BTC Price Weakens
A recent report from CoinShares has revealed $441 million in inflows for digital asset investment products over the past week, driven by Bitcoin price weakness. The July 8 report also emphasized a $398 million inflow into Bitcoin. The probable causes of investors’ purchasing sprees, as per CoinShares, were the weakness of Bitcoin prices, activity from […]
Bitcoin ETFs Gain Attention as BTC Price Surpasses $71K
Tether invests $18.75 million in XREX Group to enhance cross-border B2B payments and develop regulatory technology for stablecoins. Tether, a stablecoin issuer, has disclosed an investment of $18.75 million in XREX Group, a cryptocurrency exchange headquartered in Taiwan. XREX stated in a statement that was shared with The Block that the company intends to further […]