Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. Cryptoquant CEO: ‘Bitcoin Standard’ Needs U.S. Economic Decline to Gain Traction Ki Young Ju, CEO of Cryptoquant, took to social media to voice his […]
2024 has been colossal for bitcoin, and with just a handful of days left in the year, its dominance now stands at 56.8% of the $ 3.29 trillion crypto economy. Back in January, bitcoin held a lower 50.3% of the market, which was then valued at $ 1.65 trillion. Bitcoin’s Meteoric Rise in …
Eric Semler, chairman of Semler Scientific, has predicted that more companies will adopt the bitcoin standard, as not owning bitcoin will be considered “irresponsible.” Semler attributes the slow implementation of bitcoin as a reserve asset in public companies to the conservative approach of some institutions. Semler Scientific’s Eric Semler Predicts Bitcoin Adoption Will Keep Growing […]
Thursday’s rally was a welcome change after four consecutive days of total daily net outflows. Post Christmas Rally Snaps Four-Day ETF Exodus The Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21shares Bitcoin ETF (ARKB) on Thursday amassed $ 245 million and $ 187 million in daily net inflows respectively, as spot bitcoin …
KULR, a provider of electric energy storage solutions, has reported its first bitcoin purchase as part of a strategic shift toward establishing the leading cryptocurrency as a reserve asset. The company bought $ 21 million worth of bitcoin, amounting to 217.18 BTC. The purchase comes after the company announced that it would adopt a …