Bitcoin Archives | Page 2 of 7

Switzerland Advances Bitcoin Proposal for Central Bank Reserves

Leave a Comment / News / By Sahil Thakur

Switzerland’s Federal Chancellery has approved the submission of the “Bitcoin Initiative,” a proposal seeking to amend the Swiss Federal Constitution to require the Swiss National Bank (SNB) to hold Bitcoin (BTC) as part of its reserves. The initiative, titled “For a Financially Strong, Sovereign, and Responsible Switzerland,” aims to amend Article 99 of the constitution. …

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Riot Platforms Buys 667 BTC for $69 Million, Boosting Holdings to 17,429 BTC

Leave a Comment / News / By Sahil Thakur

Bitcoin mining giant Riot Platforms has purchased 667 BTC for $69 million, according to recent SEC filings. The company secured the acquisition at an average price of $101,135 per Bitcoin. With this purchase, Riot’s total Bitcoin holdings now stand at 17,429 BTC. At current market prices, the company’s Bitcoin reserves are valued at approximately $2 …

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Bitcoin Reaches Historic $100,000 Milestone, Driven by Pro-Crypto Developments

Leave a Comment / News / By Sahil Thakur

Bitcoin surpassed the $100,000 threshold for the first time on Thursday, marking a historic achievement for the flagship cryptocurrency. The milestone follows a wave of optimism sparked by Donald Trump’s presidential victory, alongside growing institutional interest and pro-crypto regulatory prospects. At 04:20 GMT, Bitcoin traded at $102,793, climbing 2.6% from the previous session. The cryptocurrency …

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Bitwise Proposes Bitcoin-Ethereum Spot ETF to SEC

Leave a Comment / News / By Sahil Thakur

Bitwise Asset Management has submitted a proposal for a Bitcoin-Ethereum combined spot ETF to the SEC. This move follows Bitwise’s success with its Bitcoin spot ETF earlier this year and its recent launch of Bitcoin ETF options. The new proposal aims to balance exposure between Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. …

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Bitcoin Hits Record High, Approaches $100,000

Leave a Comment / News / By Sahil Thakur

Bitcoin reached a new all-time high of $97,500 on Thursday, continuing a rally fueled by shifting market dynamics and optimism over U.S. regulatory developments. The cryptocurrency’s price is now less than 3% away from the $100,000 milestone, marking a historic moment for digital assets. Key Points: Catalysts for the Rally The ongoing rally has been …

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Bitcoin ETFs Record Historic Inflows as Bitcoin Hits New All-Time High

Leave a Comment / News / By Sahil Thakur

Spot Bitcoin ETFs in the United States maintained their positive inflow momentum for a sixth straight day, recording net inflows of $510.11 million on Nov. 13. This milestone coincided with Bitcoin’s surge past $93,000 for the first time, sparking increased interest in these funds. Key Points: BlackRock’s IBIT has consistently led inflows, logging $29.15 billion …

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Bitcoin hits ATH; crosses $75,000 as Trump leads close race

Leave a Comment / News / By Sahil Thakur

Bitcoin surged past $75,000 on Tuesday night, setting a new all-time high, fueled by investor optimism tied to the ongoing U.S. election. The cryptocurrency gained more than 10% in just 24 hours, reflecting market enthusiasm for former President Donald Trump’s possible return to the White House and his pro-crypto stance. Key Points: Bitcoin’s rally highlights …

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Taparooswap Launches First AMM on Bitcoin’s L1

Leave a Comment / News / By Sahil Thakur

Taparooswap, the first decentralized automated market maker (AMM) on Bitcoin’s Layer 1, has launched, opening new DeFi possibilities on Bitcoin. Unlike Ethereum-based platforms such as Uniswap, Taparooswap provides decentralized liquidity pools directly on Bitcoin’s main layer. Users can now swap tokens and add liquidity on a fully decentralized Bitcoin network. Key Highlights: According to the …

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Bhutan transfers $66M in Bitcoin to Binance, 4th largest govt. holder of BTC

Leave a Comment / News / By Sahil Thakur

The Royal Government of Bhutan has surprised the crypto world by emerging as one of the largest government holders of Bitcoin. Recently, Bhutan transferred 929 BTC (worth approximately $66.1 million) to a Binance deposit address, raising questions about whether the country is taking profits or adjusting its position in the volatile crypto market. This transaction, …

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Japanese leader to lower crypto taxes if elected

Leave a Comment / News / By Sahil Thakur

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has pledged to lower taxes on cryptocurrency gains if elected. Tamaki’s plan proposes a flat 20% tax on crypto earnings, aligning it with stock market profits, instead of the current system where crypto is taxed as miscellaneous income. He called on voters through a …

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