Last week, there were investments totaling $646 million into cryptocurrency products. This brings the total investments for the year to a new all-time high of $13.8 billion, exceeding the previous record of $10.6 billion set in 2021. After Bitcoin‘s ($BTC) price jumped by more than 66% this year, reaching approximately $70,500, and increasing by over … Read more
Bitcoin‘s built-in mechanism called halving controls its limited supply by reducing the rewards given to miners. This event takes place roughly every four years or after the mining of 210,000 blocks. In April 2024 (estimated), the current reward of 6.25 Bitcoins will be cut in half to 3.125 Bitcoins. This mechanism serves two core purposes: … Read more
April 9 saw Sarah Kunst, managing director at Cleo Capital, discuss her perspectives on Bitcoin and the wider crypto market during an appearance on CNBC’s “Worldwide Exchange” for an interview. Kunst initially discussed the buzzing cryptocurrency market, touching upon the upcoming Bitcoin halving and the prospect of approved ETFs for Ethereum (ETH). She highlighted the … Read more
On April 8, Metaplanet Inc. (TYO: 3350), a Japanese consulting and investment firm listed on the stock exchange, revealed its plan to adopt Bitcoin as the primary asset for the company’s treasury, allocating an initial amount of approximately JPY 1 billion. Metaplanet Inc., based in Japan and traded on the Tokyo Stock Exchange’s Standard Section, … Read more
On April 9, BCB Group revealed that they had shifted their digital asset custody functions over to Metaco’s custody coordination system. London-based financial company BCB Group excels in the digital asset industry. They lead Europe in supplying businesses with cryptocurrency-related accounts and trading solutions. Notable clients include Bitstamp, Coinbase, Galaxy, Gemini, Huobi, and Kraken. Services … Read more
Today, Arthur Hayes, the Co-Founder of BitMEX, wrote a blog post expressing his views on the upcoming Bitcoin halving set for April 20th and forecasting its potential influence on digital currency markets. The Bitcoin halving refers to a built-in Bitcoin system event that cuts in half the reward given to miners for generating new blocks. … Read more
The combined worth of all meme-tokens in the cryptocurrency sector has surpassed $56 billion, following almost triple increase in their values since the start of 2021. This surge comes as part of a memecoin craze that has seen traders rapidly make and lose substantial profits within just a few days. In Q1 2024, according to … Read more
On April 8, 2024, Zimbabwe formally introduced its new gold-backed currency named ZiG (Zimbabwe Gold). As reported by Kitco News on April 5, this move marks a crucial milestone in creating a strong and consistent national currency and tackling the country’s economic volatility and high inflation rates. On April 5, 2024, the Reserve Bank of … Read more
On April 8, 2023, JPMorgan Chase & Co. (NYSE: JPM) released its annual report for the year. This report was accompanied by letters from the Chairman, Jamie Dimon, and other key executives. According to the report, JPMorgan Chase held assets worth $3.9 trillion and equity of $328 billion as of December 31, 2023. In his … Read more