Bitcoin (BTC-USD) is on the decline alongside bitcoin ETFs — like iShares Bitcoin Trust ETF (IBIT) — recording their longest run of weekly net outflows, according to Bloomberg. Core DAO founding contributor Rich Rines examines what could serve as a catalyst to reverse the cryptocurrency’s direction. The cryptocurrency hovers below $82,000 on Tuesday. To watch…
LOWER MAKEFIELD TOWNSHIP, PA —Bitcoin is back as a fraud scam in the township. The Lower Makefield Township Police Department has released its blotter of criminal incidents for the past week. These are the criminal incidents: March 13 FRAUD —700 block of Bushell Lane, reported at 12:35 p.m. The complainant reported purchasing $21,200 worth of…
As the price of bitcoin (BTC) declines towards the average purchase price at Strategy (formerly MicroStrategy), founder Michael Saylor is willing to pay USD dividends at up to 18% per year to access more capital. In an announcement about a new series of stock that he calls the “STRF Perpetual Preferred Stock,” Saylor revealed that…
Key Takeaways The Trump administration plans to acquire Bitcoin using budget-neutral methods. Bitcoin is being positioned as a strategic asset akin to digital gold for the United States. Share this article The Trump administration plans to aggressively acquire Bitcoin through budget-neutral methods that won’t impact taxpayers, said Bo Hines, the executive director of the Presidential…
The Trump administration is doubling down on its Bitcoin strategy, with top officials emphasizing their commitment to growing the U.S. government’s BTC holdings. Speaking at the Digital Assets Summit today in New York, Bo Hines, Executive Director on Digital Assets for President Trump, made it clear that the United States is determined to accumulate Bitcoin…
Xapo Bank, a wealth manager for long-term holders of bitcoin, said it is offering its members BTC-backed loans of up to $1 million. Crypto lending became something of a bête noire in recent years following a series of high profile collapses and bankruptcies that shook the crypto industry. But crypto-backed loans are now making a…
A new lending product from Xapo Bank allows qualifying members to access USD loans using their bitcoin holdings as collateral. This enables bitcoin holders to tap into the fiat value of their assets without having to sell. Xapo Bank, a licensed bank focused on bitcoin services, launched bitcoin-backed lending this week. Eligible members can now…
Bitcoin evangelist and founder of Strategy (formerly MicroStrategy) Michael Saylor has taken to social media to make the announcement that his company is launching a new stock offering to raise money for further Bitcoin purchases, Strife (STRF). Saylor revealed that this offering was made for both institutional and select noninstitutional investors. He also shared a…
When it comes to cryptocurrency, traders look at different indicators to try and predict where the market is going, and one of the most battle tested technical analysis tools can be called Bollinger Bands. Right now, the Bollinger Bands are showing a bearish signal for Bitcoin BTCUSD as, if you look at the BTCUSDT chart from…
Gibraltar-based private bank Xapo said Tuesday it is now accepting members’ Bitcoin as collateral for loans. The new service allows customers to access up to $1 million in Bitcoin-backed debt, except for those located in the UK and Australia, Gadi Chait, a Xapo investment manager, told Decrypt. “We think it’s a great piece of collateral…