Block Inc. , founded by Jack Dorsey, is a financial technology company that has been deeply involved in the Bitcoin industry through its various subsidiaries. The company, which was originally called Square and was founded in 2009, started integrating Bitcoin into its technology offerings as early as 2014 through its Cash App. This app allows merchants to accept Bitc...
Crypto markets are seeing a big increase in leverage, reaching levels last seen during the bull market. This surge is driven by a strong demand for decentralized finance (DeFi) lending and a higher appetite for risk. However, this rapid growth in leverage is causing some stress points in the market. Last week, Bitcoin's price dropped from $124, 000 to $118, 000, whi...
Crypto prices took a tumble recently, and it's all thanks to some unexpected news. The Producer Price Index (PPI) shot up by 0. 9% in July, which is a big deal because it's the highest jump in over three years. This news caught everyone off guard, especially since experts were only expecting a 0. 2% rise. Bitcoin, Ethereum, and other cryptocurrencies felt the pinch....
Ethereum ETFs have been on a roll, pulling in more money than Bitcoin ETFs for five days straight. This isn't just a small win—it's a big deal. Over the past five days, Ethereum ETFs have gathered about $3. 4 billion, while Bitcoin ETFs have only seen $966 million. That's a huge difference! So, what's behind this sudden interest in Ethereum? Experts point to a few k...
Big companies are making huge bets on Ether, the second-largest cryptocurrency. BitMine Immersion Technology is trying to raise a massive $24. 5 billion to buy more Ether. At the same time, SharpLink just got $389 million to add to their crypto holdings. These companies are already among the top holders of Ether, with BitMine owning a whopping 1. 2 billion ETH. Mean...
Hive Digital, a company that started with Bitcoin mining and now also builds data centers, just shared its earnings for the first three months of its fiscal year. They made a lot of money, thanks to both Bitcoin mining and their new AI-related services. In this quarter, Hive brought in $45. 6 million. Most of that came from mining Bitcoin, which made $40. 8 million....
Cathie Wood's investment firm, Ark Invest, made some bold moves recently. They spent about $19. 2 million to buy more shares of Block, the company behind Cash App and Bitcoin services. This happened even though Block's latest earnings were not as high as expected. But Block's Cash App has been doing well, which caught Ark's attention. Meanwhile, Bitcoin is still nea...
Tyler Winklevoss, the CEO of Gemini, a cryptocurrency exchange, recently praised Grove City College in Pennsylvania. He highlighted the school's focus on Austrian Economics, which aligns with his views on Bitcoin. Austrian Economics emphasizes free markets, individualism, and limited government intervention, principles that Bitcoin supporters value. Winklevoss sugge...
Scottie Pippen, a six-time NBA champion, has been sharing some unusual stories about Bitcoin. He says that the creator of Bitcoin, Satoshi Nakamoto, has been visiting him in his dreams since 1993. These dreams apparently give him insights into the future price of Bitcoin. Some of his predictions have been surprisingly accurate, which has caught the attention of many ...
Rumble, the video platform that's like YouTube but with a focus on free speech, is making a huge move. They want to buy a German AI company called Northern Data for $1. 17 billion. This isn't just any company; it's backed by Tether, the big name in stablecoins. Northern Data has two main parts: Taiga, which is all about cloud services, and Ardent, which deals with l...