Marathon Digital, a leading Bitcoin mining company, has made a bold move by investing a substantial $100 million in BTC. This recent investment highlights the company’s confidence in the long-term potential of Bitcoin, despite previous price fluctuations in the market. The press release published by MARA (formerly known as Marathon Digital) announced the purchase of
Impact
Semilore Faleti’s journey in the cryptocurrency world began with a broad spectrum of writing skills that eventually led him to specialize in journalism and content creation within the blockchain and cryptocurrency space. While he initially dabbled in writing on various topics, it was his natural ability to unravel the complexities of this intriguing world that
Following the launch of the Spot Ethereum ETFs, the price of Ethereum (ETH) has faced unexpected challenges, contradicting the initial excitement surrounding the event. Despite the anticipation for investors to gain exposure to ETH without directly purchasing the token, the market response has been lackluster. Since the trading of Spot Ethereum ETFs commenced on July
Robert Kennedy Jr., during the industry day of the annual Bitcoin conference in Nashville, Tennessee, presented a bold financial policy plan that aims to position the United States as the largest holder of Bitcoin globally. His strategy involves acquiring Bitcoin worth $619 billion to match the current US gold reserves, with the goal of reforming
The options market for Bitcoin is set to see a significant event on Friday, July 26, with around 61,200 contracts expiring, amounting to a notional value of $4.26 billion. This expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that
Illuvium, a groundbreaking blockchain-based gaming platform, has officially launched its mainnet for players worldwide. This launch marks a significant milestone for the project and the gaming community as a whole. Illuvium offers a unique gaming experience through three major title umbrellas: Overworld, Arena, and Zero. These interconnected titles provide players with a variety of gameplay
Dalmas Ngetich, a seasoned crypto reporter, has made a significant impact on the crypto industry with his unique perspective and expertise. With a specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, Dalmas stands out in the field. His background in mechanical engineering and over a decade of experience in journalism has equipped him
Two prominent crypto companies, Coinbase and Revolut, recently found themselves on opposite ends of the spectrum when it came to dealing with the UK authorities. The UK’s Financial Conduct Authority (FCA) imposed a fine of £3.5 million ($4.5 million) on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for violations related to Anti-Money Laundering
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing for quite some time now. With the trial phase starting in April 2024, the case has seen both parties presenting necessary information and documents, adhering to court rules, and waiting for a resolution. Despite being in its final
The second day of trading for the spot Ethereum ETFs painted a different picture compared to the initial excitement. More than $133 million were withdrawn from the largest financial vehicles, causing a ripple effect in the market. The price of the underlying asset, Ethereum, reacted with a significant drop of 10% in just one day.