In the past hour, bitcoin has settled into a cozy spot, bobbing gently between $ 101,536 and $ 101,747. Over the last day, it’s danced from $ 99,939 to a peak of $ 102,658, with a whopping $ 74.15 billion in trades shuffling around and a market cap hitting the …
Australian Fintech Report: Blockchain and Crypto Sector Contracts Amid Global Shift to AI
A recent KPMG report shows a 14% decline in the number of active firms in Australia’s blockchain and cryptocurrency sector in 2024. M&A and Investment Activity Subdued in 2024 According to a recently released KPMG report, the number of active firms in Australia’s blockchain and cryptocurrency sector dropped from 85 to 74. This translates to […]
Bitcoin ASIC Maker Bitmain Shifts Gears With US Production Line Amid Incoming Trump Administration
The bitcoin mining machine maker Bitmain is gearing up to roll out a new production line in the U.S., focusing on its application-specific integrated circuit (ASIC) equipment. Bitmain Launches U.S. Production Bitmain shared on Monday through an X post that it plans to kick off a new production line in the United States. “Bitmain is […]
China Stands Firm With BRICS Amid US Tariff Threats
China has strongly defended the BRICS coalition against the U.S. President-elect Donald Trump’s tariff threats, emphasizing its principles of openness and inclusiveness. Responding diplomatically, Chinese Foreign Ministry spokesperson Lin Jian reiterated that BRICS does not target third parties and aims to foster global economic stability and shared prosperity. Lin noted that emerging markets, including BRICS […]
Nearly 20,000 Bitcoin Shuffled by US Government Amid Talk of Strategic Reserve
On Monday, bitcoin hovered near the $ 96,000 range when the U.S. government shuffled 19,799.989 BTC at around 11:30 a.m., valued close to $ 2 billion. Following the transfer, bitcoin is teetering on the edge of dipping below $ 95,000. $ 2 Billion Bitcoin Transfer Sparks Speculation Over U.S. Crypto Agenda …