Bitcoin

El Salvador is advancing its position as a leader in crypto by launching a Bitcoin training program for 80,000 public servants. This strategic move aims to promote crypto-literacy within the government. It is part of a broader national strategy to integrate Bitcoin into the country’s economy fully. El Salvador Focuses on Bitcoin Education Stacy Herbert, the Director of the Bitcoin Office, is at the forefront of this initiative. She is currently developing a Bitcoin Module for the Escuela Superior de…

Bitcoin’s value remains surprisingly stable, even after Mt. Gox, the defunct crypto exchange, transferred 13,265 BTC. These BTC are approximately worth $782 million. Specifically, this transaction includes 12,000 BTC shifted into a new wallet and 1,265 BTC to an internal wallet. Bitcoin Trades Near $60,000 Despite Mt. Gox Transfers According to the latest update, Mt. Gox moved 1,265 BTC worth $75 million to the crypto exchange Bitstamp around 30 minutes ago. These funds will facilitate the repayment of the creditors.…

Up to 60% of top US hedge funds now hold Bitcoin ETFs, a sharp increase since May. This shift highlights rising institutional adoption as more traditional investors are drawn to crypto. The January decision by the US Securities and Exchange Commission (SEC) to approve Bitcoin (BTC) ETFs marked a crucial moment, providing institutional investors with direct access to the crypto market. Hedge Funds Flocking to Bitcoin ETFs Sam Baker, a research analyst at BTC-focused firm River, notes that 60% of…

The post Mt.Gox News: How the 12,000 Bitcoin Transfer Affects Crypto Market Dynamics? appeared first on Coinpedia Fintech News Mt. Gox, the defunct cryptocurrency exchange, has made headlines again by transferring around 12,000 BTC—valued at approximately $709.44 million—to a new wallet address late on Tuesday night, according to blockchain analytics firm Arkham. This significant movement occurred at around 11:39 p.m. UTC, raising eyebrows within the crypto community. We’re all watching closely. Here’s what you should know. Transaction Details The funds…

The post BlackRock Is Now The Third Largest Bitcoin Holder With 350,000 BTC! appeared first on Coinpedia Fintech News BlackRock has rapidly expanded its Bitcoin holdings, which now owns close to 350,000 BTC. This makes it the third-largest holder globally, only behind Satoshi Nakamoto and Binance. The massive milestone comes as BlackRock strengthens its position in the cryptocurrency market, driven by the success of its Bitcoin ETFs and increased institutional interest. The iShares Bitcoin Trust, launched by BlackRock earlier this…

In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing the pattern Gold followed before its significant rally. “Bitcoin is under pressure, mirroring the longest period of consolidation at any ATH in its history,” Edwards…

Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last 24 hours, with its price surging by more than 4%. The chart below shows how the cryptocurrency’s recent trajectory has looked like. At the peak…

BlackRock’s aggressive push into Bitcoin has brought its holdings to nearly 350,000 BTC, making it the third-largest holder globally after Satoshi Nakamoto and Binance, according to on-chain data. This substantial accumulation comes as BlackRock continues to establish itself as a dominant player in the cryptocurrency space, driven by its various ETF products and growing interest from institutional investors. BlackRock Now Owns Nearly 350,000 Bitcoins BlackRock’s entry into Bitcoin has been a major turning point for the industry. Historically, BlackRock CEO…

In recent years, XRP has emerged as a key player in the global financial arena, with significant developments pointing towards its growing importance. By 2025, all Japanese banks are expected to adopt XRP, a move driven by the Central Bank and major financial institutions like SBI Holdings. This strategic decision aims to streamline cross-border transactions, boost liquidity, and integrate blockchain technology into Japan’s financial system, potentially positioning the country as a global leader in digital currency usage. Meanwhile, India's recent…