Cryptocurrency News

Michael Saylor has revived speculation about Strategy’s next bitcoin move with a cryptic “We’re Back” message and holdings chart. The post followed a buying pause while the company accumulated $6.69 billion in dollar liquidity. Saylor Revives Strategy’s Bitcoin Purchase Mystery Speculation over a renewed bitcoin purchase emerged Sunday after Strategy Inc. (Nasdaq: MSTR) Executive Chairman…Read More

From last Friday to this Friday, bitcoin has gone up roughly 2%, presumably digesting last week’s candle, the single largest weekly candle by dollar amount in its history. Thus far, the breakout has held. Through Thursday’s close, U.S. equities have also been flat to slightly positive, owed almost entirely to Nvidia’s nearly 9% Thursday surge,…Read More

“Central bank reserves remain superior to stablecoins as the ultimate settlement asset,” European Central Bank Executive Board member Isabel Schnabel told attendees at the Jackson Hole Economic Policy Symposium. Schnabel’s Pitch Isabel Schnabel didn’t mince her words, stating unequivocally that stablecoins lack “the independent capacity to expand liquidity rapidly during periods of financial stress,” a…Read More

Swedish tax authorities are challenging hundreds of millions of kronor in VAT deductions claimed by data center operators in the country’s north, turning the distinction between crypto mining and computing services into a test for an industry now racing to convert mining sites into AI infrastructure. This article first appeared in The Energy Mag. The…Read More

Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos told the Jackson Hole Economic Policy Symposium on August 28 that stablecoins still fail as real money and tokenized deposits should instead carry the bulk of everyday payments. A Blunt Verdict From Basel The BIS is the institution central bankers turn to for standards,…Read More

Bitcoin Magazine Bitcoin Cools Off After $3 Billion ETF-Driven Surge  Bitcoin’s run slowed down Friday after the Federal Reserve chief said inflation was too hot. Its run was charged by speculators throwing billions at the popular investment vehicles. This post Bitcoin Cools Off After $3 Billion ETF-Driven Surge  first appeared on Bitcoin Magazine and is…Read More

Bitcoin Magazine Debasement Trade Is Here Thanks to Government Debt — And Bitcoin Will Benefit: Grayscale The so-called debasement trade is benefiting bitcoin, the asset manager’s research team has said. This post Debasement Trade Is Here Thanks to Government Debt — And Bitcoin Will Benefit: Grayscale first appeared on Bitcoin Magazine and is written by…Read More

Bitcoin Magazine Bitcoin’s Moment Has Come for the Far East, Says Metaplanet CEO Just as the regulatory landscape changes, Asians are looking for places to park their cash. The opportunity is Bitcoin, Metaplanet CEO Simon Gerovich argued at Bitcoin Asia. This post Bitcoin’s Moment Has Come for the Far East, Says Metaplanet CEO first appeared…Read More

Bitcoin Magazine Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC The French bitcoin treasury currently holds 3,145 bitcoins worth over $245 million at today’s prices. This post Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC first appeared on Bitcoin Magazine and is written by Mathew…Read More

Bitcoin Magazine Bitcoin Drops Before Shrugging Off Fed Chair’s Inflation Comments  Bitcoin dropped, then popped after Federal Reserve Chair Kevin Warsh gave his first major speech as head of the U.S. central bank and said he had “more work to do” to fight inflation.  The leading cryptocurrency was recently trading for $79,474 after dropping as…Read More