Read the latest news and updates about bitcoin.
Bitcoin’s network hashrate has surpassed 1 ZH/s for the first time on a sustained basis, with the 7-day simple moving average hitting this mark around early September and recent daily figures fluctuating around 1.08–1.09 ZH/s (or 1,080–1,090 EH/s). The hashrate in 2024 hovered around 600–800 EH/s. The recent increase in hashrate represents a roughly 25–30% […]
House Committee on Financial Services members have sent a letter to Securities and Exchange Commission (SEC) Chairman Paul Atkins expressing support for Executive Order 14330, which allows 401(k) investors to access alternative assets, such as Bitcoin, and urges the SEC to take action to implement the executive order. The letter states, “[W]e encourage the SEC […]
Metaplanet Inc. (Tokyo Stock Exchange: 3350/OTCQX: MTPLF) has announced the acquisition of the Bitcoin.jp domain name. Metaplanet is Japan’s first and only publicly listed Bitcoin Treasury Company. The domain Bitcoin.jp will serve as an integrated platform for various initiatives undertaken by the Company. These include: In addition, the domain will be used for advertising, affiliate […]
Bitcoin is back on the move, pushing past $116,000 after a slump near $107,000 in recent weeks. Some were sure bitcoin would drop below $100,000 after an all time high near $124,000. In past cycles, dips in price of over 20% are expected after reaching an all time high, with buyers patiently waiting with limit […]
American Bitcoin provides institutional bitcoin exposure, and is described as a Bitcoin accumulation platform that integrates scaled Bitcoin mining operations with disciplined accumulation strategies. American Bitcoin debuted on the Nasdaq exchange with ticker symbol ABTC. “Today, American Bitcoin becomes a premier public vehicle for investors seeking scalable, singular exposure to the defining asset class of […]
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have released a joint statement on trading of certain spot crypto asset products such a bitcoin. The joint statement clarifies staff’s views that SEC and CFTC registered exchanges are not prohibited from facilitating the trading of certain spot commodity products. “Today’s […]
El Salvador announced via The Bitcoin Office on X the country has moved its bitcoin into multiply wallets holding up to 500 BTC each. The move comes from concerns on quantum computers’ potential ability to crack SHA-256 encryption, the encryption standard bitcoin uses to secure wallets. El Salvador believes breaking up their bitcoin reserve into […]
Bitcoin’s price dropped by $4K in mere minutes after reports of a Bitcoin Whale dumping 24K bitcoin on Sunday. The 15 minute red candle is one of the biggest seen in recent months. Some are speculating market manipulation to cause bad sentiment in bitcoin. Bitcoin’s price recovered quickly, bouncing back above $113,000. A whale selling […]
The California State Teachers’ Retirement System (CalSTRS) has invested $34.9 million in MicroStrategy (MSTR), adding 25,346 shares to their portfolio. The investment in MSTR exposes CalSTRS indirectly to bitcoin due to Strategy becoming the first and largest bitcoin treasury company, which holds 629,376 BTC. CalSTRS is the 3rd largest pension fund in the United States. […]