Bitcoin’s complicated decimals might soon be history if a new plan to redefine the base unit as the real “Bitcoin” gets adopted. Bitcoin (BTC) has always had a little quirk that confuses even longtime users: the way it’s measured. Officially, one Bitcoin equals 100 million “base units” — also called “satoshis” or “sats” — but…
Bitcoin and altcoins continued soaring on Thursday, even as the US stock market downturn continued. Bitcoin (BTC) jumped to a record high of $111,860, while the market cap of all cryptocurrencies jumped to $3.5 trillion. In contrast, the Dow opened lower by around 100 points, adding to Wednesday’s 816 point drop. Bitcoin and altcoins are…
Strategy has unveiled plans to issue up to $2.1 billion in Series A Perpetual Preferred Stock, offering a 10% annual dividend. The sale will occur gradually through “at-the-market” offerings under SEC Rule 415(a)(4), giving the company flexibility to sell into favorable market conditions or via negotiated block trades. The proceeds, the company said, will go…
Major crypto exchange OKX will be launching wrapped Bitcoin asset, xBTC, as well as related yield products. BTC recently broke through a new all-time high, surpassing $111,000. According to the official announcement, xBTC is a wrapped token that is pegged on a 1 to 1 ratio with the largest cryptocurrency by market cap. Users can…
Minnesota Representative Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act in Congress, with renewed bipartisan backing and industry support. The Blockchain Regulatory Certainty Act seeks to clarify that developers and service providers who do not custody consumer funds, such as miners, validators, and wallet providers, should not be classified as money transmitters. By doing…
During early Asian trading hours on Thursday, May 22, Bitcoin surged more than 4% from its peak of $109,800 on Wednesday to reach a new all-time high of $111,544. The milestone follows a brief dip to $106,000 and shows growing investor appetite for alternative assets amid rising macroeconomic uncertainty. The immediate catalyst appears to be…
U.S. government debt is rattling investors, contributing to a sharp decline in the markets—even as Bitcoin reached a new all-time high. U.S. public debt has ignited investor concerns, even as Bitcoin (BTC) reached its all-time high. On May 21, the S&P 500 traded at 5,882.35 points, down 0.98%, while the tech-heavy Nasdaq was at 21,232.05,…
Bitcoin surged past $110,000 on Wednesday evening, setting a new all-time high as crypto rallied hard. The previous peak for Bitcoin (BTC), reached during President Donald Trump’s inauguration in January, was surpassed in late morning trading, according to crypto.news data. The buying momentum sustained after U.S. equity markets closed with the largest cryptocurrency by market…
Texas is on the verge of becoming the third U.S. state to establish a state-managed Bitcoin. The Texas Strategic Bitcoin Reserve and Investment Act, SB 21, was approved by the House of Representatives with a vote of 101-42. The bill now heads to Governor Greg Abbott’s desk for final approval. SB 21 would authorize the…
U.S. government debt is rattling investors, contributing to a sharp decline in the markets—even as Bitcoin reached a new all-time high. U.S. public debt has ignited investor concerns, even as Bitcoin (BTC) reached its all-time high. On May 21, the S&P 500 traded at 5,882.35 points, down 0.98%, while the tech-heavy Nasdaq was at 21,232.05,…
