News with the tag "Bitcoin News "

Bitcoin is showing signs of strength as the U.S. dollar continues to decline, with financial experts predicting a bullish second quarter for the crypto market. Real Vision CEO Raoul Pal believes that a softening U.S. dollar, falling interest rates, and lower oil prices could trigger a significant ra...

Montana’s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptos to become reserve assets after a BTC strategic reserve bill passed the subcommittee level. House Bill No. 429 was passed by the state’s Business and Labor Committee yesterday in a 12...

Bitcoin investment platform River revealed in research that Bitcoin ownership had changed in 2024. The firm noted that the largest holders of BTC include Satoshi Nakamoto, companies like Strategy (ex. MicroStrategy), Tesla, BlackRock, “Bitcoin Whales,” and governments. River reported that four Bitco...

Utah’s Bitcoin strategic reserve bill, “H.B. 230” is now one step closer to getting approved . After passing the House last month in an 8 to 1 vote, it moved to the Senate Revenue and Taxation Committee on Tuesday. The bill passed to the Senate on February 7 for an initial reading and then moved to ...

Russian authorities have conducted a raid on illegal crypto mining after its national power supplier, Rosseti, announced losses worth $14 million in 2024 due to unauthorized electricity consumption across multiple regions. The North Caucasus Grid alone accounted for 600 million rubles ($6.6 million)...

In line with its mission to sustainably mine Bitcoin and integrate renewable energy into its Bitcoin mining operations, Mara Holdings has acquired a wind farm in Hansford, Texas. Texas, the Bitcoin capital of the US, is home to many digital asset companies seeking to leverage the state’s deregulated...

Strategy (formerly MicroStrategy) faces trouble after stocking a large number of Bitcoins in recent months. Today, in a 10-K filing with the Securities and Exchange Commission (SEC), it warned of lower profits due to a possible higher tax load. A 10-K filing is an annual financial report that public...

Bitwise data shows that the number of institutional holders of BTC exchange-traded funds (ETFs) has surged 54.5x. On February 16, institutional holders for U.S. spot Bitcoin ETFs reached 3323, up from 61 holders on March 31 last year. The U.S. crypto ETF market has also witnessed significant advance...

Several U.S. public state funds have significantly increased their holdings in Strategy, which was previously named MicroStrategy, indicating an augmented demand for exposure to Bitcoin. According to data by Bitcoin-focused builder Julian Fahrer from Q4 2024, SEC reports reveal that at least 12 stat...

TradingView data revealed that Bitcoin’s dominance increased to 60%. The data indicated that BTC rose by 5% in the past month and 12% in the past year. DeFiLlama data highlighted that meme coins continued to struggle with volatility. TradingView data highlighted Bitcoin’s dominance had climbed to 60...