Bitcoin price is under the spotlight as markets anticipate a potential Federal Reserve rate cut that could drive fresh momentum. Notably, the CME FedWatch Tool has indicated a 74.5% possibility of a 0.25% rate cut by the Federal Reserve at its forthcoming Dec. 18 meeting. This comes after the 50 bps rate cut in September and 25 bps last month. If...
Argo mined 39 BTC in November, generating $3.4 million in revenue despite a production drop from October. Bitcoin btc7.74%Bitcoin mining firm Argo Blockchain has released its November production update, showcasing an increase in revenue despite a decline in Bitcoin mining. In a Dec. 4 press release, the firm revealed it had mined 39 BTC in November, a decrease from the 46...
Bitcoin started to see increased inflows into centralized exchanges from Dec. 1, hinting at a potential selloff. According to data provided by IntoTheBlock, the Bitcoin btc7.74%Bitcoin exchange net flows surged from a net outflow of $69 million to a net inflow of $326 million. The flagship cryptocurrency recorded a net inflow of $230 million on Dec. 3. BTC exchange...
Inflows into U.S. spot Bitcoin ETFs surged by over 90% on Dec. 3 compared to the previous day, bringing their total holdings closer to matching the Bitcoin stash attributed to founder Satoshi Nakamoto. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $675.97 million inflows on Tuesday, nearly doubling the $353.67 million seen the previous day. These investment...
Roger Ver is contesting a U.S. criminal indictment accusing him of evading $240 million in taxes from Bitcoin sales. Roger Ver, who was arrested in Barcelona in April 2024, has now filed a motion to dismiss the indictment. He was indicted on eight counts by the U.S. Attorney for the Central District of California for evading...
Among the highest-ranked cryptocurrencies by market cap, Tron is the only token that performed up to 104% in a day, while Bitcoin suffered to $93,000 earlier today. Tron trx68.4%TRON, a cryptocurrency with a surging $36 billion in market capitalization, has seen a massive trading day with $10 billion in trading volume or an increase of almost 500%. The token...
Satoshi Act Fund founder Dennis Porter announced that several U.S. states are preparing to propose legislation for sovereign Bitcoin reserves. In an attempt to front-run President Donald Trump’s Bitcoin btc-0.25%Bitcoin promise, Porter has lobbied local policymakers to introduce legislation for BTC stockpiles across 10 state jurisdictions. Porter disclosed the development via an X thread, highlighting efforts from his Satoshi Act...
Virgin Voyages has begun accepting Bitcoin as payment for cruise bookings. This marks the first time the cruise line, founded by Sir Richard Branson, has adopted cryptocurrency. Passengers can now use Bitcoin to pay for trips across Virgin’s fleet. Per its website, the company’s “Annual Pass can also be purchased using Bitcoin btc-0.25%Bitcoin. As an industry-first innovation, Virgin Voyages’...
Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin btc-0.25%Bitcoin from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment plan...
French lawmakers are debating a tax on unrealized capital gains for cryptocurrencies, potentially altering how assets like Bitcoin are taxed. The proposal would categorize cryptocurrencies like Bitcoin btc-0.25%Bitcoin as “non-productive property,” alongside dormant real estate and luxury items such as yachts. This classification would place them under a proposed “unproductive wealth tax,” replacing the current real estate wealth...
