Sui Network is on a trajectory to transform decentralized finance (DeFi) by incorporating sBTC, a one-to-one Bitcoin-backed asset from Stacks. This integration provides the Sui Network ecosystem with a decentralized, secure, and programmable Bitcoin asset. It opens up electrifying new opportunities across its ecosystem. This move opens the floodgates for...
Bitcoin mining profitability is more than ever tied to geographic location, with the cost of bitcoin mining drastically different across the globe. The most recent halving event, which occurred in April 2024, reduced the block reward from 6.25 to 3.125 BTC. This sudden shift has exacerbated the ongoing lack of...
Coinbase launched Bitcoin-backed loans in all 50 states in the U.S., giving users access to low-interest rates and large amounts of borrowing power. The crypto exchange now allows users, excluding those in New York, to borrow up to $1 million in USDC instantly. Supported by core developer MorphoLabs and built...
Bitcoin proved to be the most effective growth multiplier once again in April, providing returns almost twice as high as gold’s. The cryptocurrency skyrocketed during the economic mayhem that followed the announcement of a new round of tariffs. Simultaneously, investors flooded billions into US-listed Bitcoin spot exchange-traded funds. This explosion...
Ripple’s CEO Brad Garlinghouse expects the current crypto market to explode big time. He conservatively assumes its value will double and surpass $5 trillion by the end of 2024. Garlinghouse pointed to the recent approval of U.S. spot Bitcoin exchange-traded funds (ETFs) as a key driver for forecasted growth. He...
MicroStrategy, under the leadership of Michael Saylor, is famously and aggressively acquiring Bitcoin. This strategy is accelerating price inflation and fueling a mounting supply crisis. The company's strategy of regularly acquiring BTC has positioned it as the largest corporate holder of Bitcoin, excluding crypto exchanges, and a notable firm in...
SATO Technologies is celebrating a powerful fiscal performance, highlighted by a 51% increase in net profits, to $1.17 million. The company’s digital asset holdings doubled year-over-year to $4.56 million and digital assets revenue increased by 48% to $16.05 million. Maintaining profitability after the April 2024 Bitcoin halving, SATO is now...
By his first 100 days in office, Donald Trump has done pretty darned well. He’s been busy trying to deliver on those promises to the crypto community. In short, the former president really shook up the digital asset landscape. He has pardoned important figures and adopted crypto-friendly policies. This bold...
Bitcoin miners have unloaded close to $1 billion in Bitcoin after the recent price surge, on-chain data reveals. From April 18 to 24, miners seemed to coordinate a huge selling spree. They moved nearly 14k Bitcoin to centralized exchanges in the process. The sell-off comes as the aftermath of the...
With its aggressive acquisition strategy, MicroStrategy is well on its way to become the first Bitcoin Superpower. Analyst Adam Livingston suggests MicroStrategy's consistent purchasing habits are significantly impacting Bitcoin's supply dynamics. The company’s reckless, dubious actions have already driven up buying and borrowing costs throughout the financial system.Over the last...
