MicroStrategy raises another $500 million to enter “The 1% Club” March 15, 2024 Michael Saylor and MicroStrategy are once again upping the ante. On Wednesday, the “Bitcoin Development Company” stated they are raising another $500 million in convertible notes to fund further Bitcoin acquisitions. This follows a nearly $800 million raise last week with 12,000 Bitcoin, or $822 million, scooped up over last weekend.
Bitcoin breaks new all-time high as daily ETF inflows exceed $1 billion March 14, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Yesterday was yet another new Bitcoin all-time high. On Tuesday, a sharp wick down to test the previous all-time high of $69,000 was quickly eaten up by hungry institutions. [...]
Ethereum exceeds $4,000 as Dencun day lands March 13, 2024 Today is the day of the long-awaited Ethereum Dencun upgrade. Dencun will reduce Layer 2 transaction fees and involve “blobs” and "Proto-dank sharding". On Monday, Ethereum punched above $4,000 for the first time since December 2021. This new cycle high has happened even in the face of the perceived diminishing likelihood of an Ethereum spot exchange-traded fund (ETF) being approved by the SEC.
THORChain breaks volume records as Bitcoin passes $72,000 March 12, 2024 Yesterday, Bitcoin finally properly broke above its fabled $69,000 resistance with Michael Saylor FOMO'ing in his $800+ million from his convertible note offering. However, another protocol has also been making record highs. Last week, THORChain, the decentralised liquidity protocol, had record volumes of over $2.7 billion.
London Stock Exchange to list crypto derivatives for institutional investors March 11, 2024 The London Stock Exchange has said it will be accepting applications for crypto exchange-traded notes (ETNs), after the Financial Conduct Authority lifted its ban on the instruments for institutional investors. ETNs are similar to exchange-traded funds (ETFs), but they rely on unsecured debt securities issued by a bank, meaning that they do not directly hold [...]
Love them or hate them, Memecoins are a new paradigm March 11, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets While all eyes are on Bitcoin and the question when, not if, it will break its All-Time-High price, another group of tokens has taken the market by storm: Memecoins. [...]
London’s wealthiest renters can now pay with cryptocurrency March 9, 2024 Some of London’s richest tenants are now paying their rent in cryptocurrency.
Bitcoin’s Brief New All-Time High Sparks Bull Market’s First Liquidation Cascade March 7, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets Tuesday evening reminded us of the savage volatility that makes crypto both feared and loved. A rejection from just above the previous $69,000 all-time high caused the market to [...]
Is Qatar’s sovereign wealth fund ready to adopt Bitcoin? March 5, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets Over the weekend the BitcoinAtlantis conference took place in Madeira. Here, many of the Bitcoin thought-leaders gathered to discuss the future of the growing $1+ trillion asset. The biggest [...]
Bitcoin’s spectacular surge: blasts beyond $64,000 in crypto frenzy March 4, 2024 Bitcoin reached a significant milestone on Monday, climbing to its highest level in two years, exceeding $64,000 as a surge of investment pushed it towards record territory.