On Monday, BlackRock’s spot Bitcoin exchange-traded fund (ETF) saw its largest single-day inflow in over 35 days. The iShares Bitcoin Trust (IBIT) took in $224 million in net inflows. NEW: 🇺🇸 While others are selling, BlackRock’s #Bitcoin ETF saw $224 in inflows yesterday. Highest in over a month 🚀 pic.twitter.com/sCiSGhKzCpContinue Reading
Medical device company Semler Scientific announced it purchased an additional 83 Bitcoin for $5 million in cash. This latest buy expands Semler’s total Bitcoin holdings to 1,012 BTC acquired for $68 million. JUST IN: 🇺🇸 Public Company Semler Scientific buys another 83 #Bitcoin worth $5 million. pic.twitter.com/bQszFQcOF4 — Bitcoin MagazineContinue Reading
At the time of writing, Bitcoin is currently valued at $63,500, deemed a fair market price according to the Bitcoin Cycle Master chart and data from Bitcoin Magazine Pro. The Bitcoin Cycle Master chart integrates on-chain metrics, including Coin Value Days Destroyed and Terminal Price, to assess Bitcoin’s position withinContinue Reading
The three spot Bitcoin exchange-traded funds (ETFs) in Hong Kong have surpassed HK$2 billion (around $272 million) in assets under management since launching earlier this year. NEW: 🇭🇰 Hong Kong #Bitcoin ETFs surpass HK $2 billion in assets under management. China is getting prepared 🙌 pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine)Continue Reading
Bitcoin was not a big topic at the Democratic National Convention (DNC) this week. None of the speakers at the event uttered a word about the electronic cash system or other crypto assets from the event’s main stage at Chicago’s United Center. And you’d have been hard pressed to haveContinue Reading
After reaching new all-time highs earlier this year, Bitcoin has entered a multi-month period of choppy price action, leading many to wonder if the bull cycle is over. In this article, we dive deep into key metrics and trends to understand if the market is just cooling off or ifContinue Reading
As Bitwage celebrated its 10-year anniversary today, the company highlighted its growth in enabling Bitcoin and crypto payroll solutions. Since 2014, Bitwage has focused on bringing transparency and efficiency to global workforce payments. Bitcoin and crypto payroll platform Bitwage announced it now serves over 4,500 registered companies and 90,000 registeredContinue Reading
US spot Bitcoin exchange-traded funds recorded their sixth straight day of net inflows on August 23rd, totalling around $65 million. The sustained run of positive flows highlights the growing institutional demand for regulated Bitcoin exposure. BlackRock’s iShares Bitcoin Trust (IBIT) let the days inflow with $75.5 million. Launched in AprilContinue Reading
Hong Kong‘s spot Bitcoin ETFs saw their largest inflow of funds in over a month today, highlighting growing Asian interest in Bitcoin investment vehicles. JUST IN: 🇭🇰 Hong Kong #Bitcoin ETFs saw $15 million in inflows today, the highest in a month. Slowly and steadily 🙌 pic.twitter.com/Q83tjbS0ML — Bitcoin MagazineContinue Reading
Bitcoin scaling proposal Ark is getting closer to reality. After a year of research focused on refining the reference implementation, Ark Labs announced today the completion of a $2.5 million pre-seed funding round led by Tim Draper and his firm, Draper Associates. While the technical feasibility of Ark’s approach wasContinue Reading
