Sovereign Wealth Funds Eye Bitcoin After Spot ETF Boom: BlackRock Insider Drops Bombshell
The price of the flagship cryptocurrency Bitcoin (BTC) recently plunged from over $63,000 to a low just above the $56,000 mark before starting to recover, with over $300 billion exiting the cryptocurrency space as a result. Despite the volatility, sovereign wealth funds are eyeing the cryptocurrency.
Read More...Jack Dorsey’s Block Boosts Its Bitcoin Bet With 10% Gain Reinvestment
Block Inc., the former Square, which is owned by Jack Dorsey, has declared that it will reinvest 10% of its Bitcoin-related gross profits into Bitcoin. This step is part of the new company’s policy to get more involved into cryptocurrency, demonstrating the company’s faith in Bitcoin’s value as a basic digital currency.
Read More...Saylor predicts SEC will designate Ethereum as a security and deny spot ETF applications this summer
MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media post on May 2 during a presentation at the MicroStrategy World 2024 conference.
Read More...Bitcoin: Longs erase $100M in 1 day, more to come for BTC’s price?
The price decline that Bitcoin is facing currently has led to large liquidations of long positions in the past few days.
Read More...Fantom (FTM) Price Correction Concludes as Buy Signals Emerge
Fantom (FTM) price has been consolidating for some time now and could continue. This is because the altcoin has not seen any strong directional bias in weeks.
Read More...Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan during an earnings call, saying its an “investment in a future where economic empowerment is the norm.”
Read More...Michael Saylor Delivers Bitcoin Masterclass To Fortune 1000 Companies
Michael Saylor delivered Keynote remarks at MicroStrategy (MSTR) World: Bitcoin for Corporations conference to attending Fortune 1000 companies.
Read More...Filecoin (FIL) Bounces Back Strongly: Is a Bull Run on the Horizon?
FIL, the native token of the Filecoin network, has witnessed a resurgence in buying interest after finding support at $5.2. This bounce back not only signifies a reversal of recent losses but also hints at potential upside in the short to medium term.
Read More...Block Sees Both Banking and Bitcoin Driving Future Growth
Block, owner of Cash App and Square, is also a huge owner of bitcoin. This, as the company’s latest first quarter 2024 earnings results revealed that the company’s $200 million investment in bitcoin grew by around 160% and stood at $573 million at the quarter’s end.
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