Tag Archives: Bitcoin News

Bitcoin has created 85,400 millionaires, highlighting its growing value and investor interest, according to the 2024 Crypto Wealth report by Henley & Partners. This report also shows that, across the world, there are now 173,200 people who became millionaires through cryptocurrencies, with a growth of 95% in the last year. Of these, 85,400 are Bitcoin millionaires, an increase of 111% in the last year. The report also points out that presently there are 28 crypto billionaires globally,...

Bitget’s partnership with KoinX offers automated syncing and detailed tax reports for users. The collaboration improves security and compliance also making it easier to manage crypto investments. As tax season approaches, crypto investors often encounter the tricky task of minimizing their tax liabilities. To solve this, Bitget has formed a strategic unity with KoinX, a market leader in cryptocurrency tax reporting solutions. This collaboration intends to improve the user experience by...

Bitcoin layer-2 Stacks will receive a highly anticipated upgrade on Wednesday, augmenting its transaction confirmation time. The DeFi ecosystem built on Bitcoin is set to receive a massive boost from Stacks’ Nakamoto upgrade. Stacks—a layer-2 Bitcoin network—will receive its latest upgrade, called Nakamoto, on Wednesday, August 28. With that, the Bitcoin community can witness high execution DeFi use cases unknown to the Bitcoin network. That will occur due to the numerous capabilities this...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Bitcoin shifts as anticipation of Fed rate cuts fuels market confidence. Ethereum and Solana also rise as the market anticipates Fed policy changes. The potential of Federal Reserve rate cuts has sparked renewed interest in Bitcoin and other risk assets. Historically, low interest rates have benefited Bitcoin by increasing liquidity and promoting investment in high-risk assets. Recent FOMC minutes indicate future policy easing in favor of cryptocurrencies. Bitcoin is currently experiencing...

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Hong Kong-based BTC ETFs peaked past $250 million in AUM, marking a tremendous achievement for the crypto industry in the jurisdiction. The amounts managed by BTC ETFs in the US eclipse those in Hong Kong. With crypto ETFs becoming an important narrative of the industry, those offered in the US make the news on a near-daily basis due to their popularity. Nevertheless, Hong Kong-based BTC ETFs are now breaking the news as they surpass $270 million in assets under management (AUM). While the...

Banca Sella, one of Italy’s oldest and most respected banks, has announced plans to offer Bitcoin trading to its customers via its mobile application Hype The Hype platform was developed in 2021 as a joint effort between Banca Sella Holding and Illimity Bank. Using Hype, Italian users can trade Bitcoin without going through exchanges. To ensure safe trading with no trouble, Banca Sella has restrictions on yearly bitcoin trades for its customers. With “Hype Start” status, users can transact as...

Babylon, a blockchain developer, is set to launch its self-custodial Bitcoin staking mainnet in just two days as part of a phased rollout. This launch is designed to leverage Bitcoin’s economic properties to strengthen the security frameworks of proof-of-stake (PoS) blockchains. It offers a new level of security for decentralized systems. The most fundamental aspect of this new system is that the user can stake his or her Bitcoin via a smart contract. This self-custodial model can ensure...