Bitcoin 401(k)s excite crypto investors but come with significant risks.
Trump Signs Executive Order on 401(k) Crypto Investments On August 7th, US President Donald Trump signed an executive order enabling the inclusion of cryptocurrencies in 401(k) retirement plans. The crypto sector is calling this a significant victory, but investment professionals caution that it brings considerable risks. The order, titled “Democratized access to alternative assets for […]
Philippines Plans to Explore Strategic Bitcoin Reserve with a 20-Year Lockup
Simply put The proposal instructs the country’s central bank to acquire 10,000 BTC over the next five years, with a stipulation for a two-year holding period. Legal regulations govern custody, absorption certificates, and disposal procedures. Local discussions highlight bold proposals while cautioning about volatility, fiscal trade-offs, and the need for financial literacy. The Philippines has […]
Asia Morning Update: Bitcoin ETFs Eliminate Transaction Fees, Harming Miners Further
Good morning, Asia. Here’s what’s making news in the market: Welcome to the Asian morning briefing, a daily summary of vital stories from the US time zone, including market movements and analysis. For more insights on the US market, see Coindesk’s Crypto Daybook Americas. Bitcoin is lingering near record prices, but activity on the blockchain […]
A GameStop Customer Made $115K in Bitcoin from a $13 Card Pack
Simply put The collector recently made a significant gain from a $13 card he bought at GameStop, walking away with a single Bitcoin. This card came from the Cardsmiths’ Currency series, which has cards that can be redeemed for actual cryptocurrency. It marks at least the third instance of someone redeeming 1 Bitcoin from this […]
Bitcoin whales exchange BTC for Ether as trader predicts ETH will reach $5.5K next.
Key Points: Bitcoin is nearing a significant level of $114,000 as the week wraps up, accumulating profits. Ether is drawing attention following its recent record highs, with investors trading Bitcoin for Ether. BTC’s price movement is expected to touch the CME futures gap and establish new short-term targets. As Sunday came to a close, Bitcoin […]
$300M in Long Positions Liquidated in One Hour: Bitcoin Drops, Ethereum Fails to Reach $5K
Cryptocurrency Market Sees Significant Decline The entire cryptocurrency landscape took a hit on Sunday evening, leading to a notable downturn. Bitcoin has hovered around $115,000 over the past day, but this comes after hitting its lowest point since July 10. Previously, major cryptocurrencies surged on Friday following a somewhat hopeful speech by Chairman Jerome Powell […]
Saylor indicates third straight Bitcoin purchase in August
MicroStrategy Signals New Bitcoin Purchase Co-founder Michael Saylor recently hinted at an upcoming Bitcoin (BTC) purchase. If it’s finalized, this will mark the company’s third BTC acquisition in August alone. The latest purchase occurred on August 18th, with the company acquiring 430 BTC for $51.4 million. This brings its total to 629,376 BTC, valued at […]
From Optimism to Slowdown: Bitcoin Continues to Experience Profit-Taking as Demand Declines
Bitcoin’s Cooling Momentum In recent weeks, Bitcoin’s momentum has noticeably slowed. Many investors are opting to lock in profits, and this decrease in demand has contributed to the cooling trend. Current activity is roughly two-thirds lower than what we saw last month. A weekly report from Cryptoquant notes that the Bitcoin market has transitioned from […]
Crypto sentiment shifts back to Greed as Bitcoin and Ether rise following Fed speech
Crypto Market Shifts to “Greed” Amid Fed Commentary This past Saturday, cryptocurrency sentiment bounced back to “greed” as the market surged, sparked by dovish remarks from US Federal Reserve Chair Jerome Powell earlier in September, which ignited speculation regarding potential interest rate cuts. The crypto fear and greed index, a measure of overall sentiment in […]
Bitcoin users’ doubts about institutions persist.
Bitcoin Skepticism Among Early Adopters Preston Pisch, a co-founder of the Bitcoin venture fund Egodes Capital, has expressed that early Bitcoin proponents are likely to remain doubtful about institutional adoption. He shared these views during an interview on the Coin Stories podcast with Natalie Brunell. Pisch pointed out that there’s a segment of the culture […]