[ad_1] Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced it acquired 247 additional Bitcoin for $17 million in cash, bringing its total holdings to 828 BTC. The company also plans to raise $150 million to expand its Bitcoin reserves.JUST IN: BlackRock spot #Bitcoin ETF IBIT had $347.1 million inflows today. pic.twitter.com/SIKByVcctA— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024 Semler made waves last month when it adopted Bitcoin as its primary treasury reserve asset, mimicking MicroStrategy’s influential corporate Bitcoin accumulation strategy. After its initial 581 bitcoin purchase, Semler has continuously acquired more coins.CEO Doug Murphy-Chutorian said “Semler remains focused on our two…
Author: dfrancis36
[ad_1] Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.25%, marking a significant shift in monetary policy for the Eurozone. Coupled with projections of slowing inflation and modest economic growth, this move has sparked intense speculation in the crypto market, with many analysts predicting a notable rise in Bitcoin prices. ECB Pivots Towards Growth The ECB’s decision reflects a growing concern about the Eurozone’s economic health. Inflation, initially a major point of focus,…
[ad_1] Ripple CTO David Schwartz has sent a crucial warning to the community members in regards to a number of scams that have been proliferating. With the crypto market prices recovering once more, scammers are back in full force and they tend to hone in on a community as their target victims, warranting warnings such as this. Ripple CTO Warns Community Of Scams A new type of scam targeting X (formerly Twitter) has made the rounds, seemingly harnessing the fear of accounts getting banned as a way to hack user accounts. The DM, which was posted by another X user…
[ad_1] Bitwise Asset Management, the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading today, January 11th. BITB will join Bitwise’s comprehensive suite of 18 crypto investment products, which currently includes five other crypto ETFs. “We expect significant demand for bitcoin ETFs like BITB. Every year for the past six years, financial advisors have identified ETFs as their preferred way to help clients access bitcoin. Last year, 64% of financial advisors preferred a spot bitcoin ETF over existing vehicles. Across our existing client base…
[ad_1] New York Attorney General Letitia James has filed a lawsuit against two crypto companies, NovaTech Ltd and AWS Mining Pty Ltd, alleging a staggering $1 billion scam. The lawsuit, targeting not just the companies but also their associates, paints a disturbing picture of religious manipulation and exploited trust within immigrant communities. Targeting The Flock: Social Media Sermons And WhatsApp Whispers NovaTech Ltd, led by the charismatic Cynthia Petion who styled herself as the “Reverend CEO,” allegedly preyed on Haitian and other immigrant communities. Leveraging social media platforms, prayer groups, and communication channels like WhatsApp, they conducted their operations primarily…
[ad_1] In a new essay titled “Group of Fools,” Arthur Hayes, the outspoken co-founder of crypto exchange BitMEX, casts a critical eye over recent macroeconomic developments and their implications for the crypto market. Hayes, known for his direct and often provocative commentary, employs a blend of technical analysis, central banking critique, and currency market insights to build a case for what he believes is the return of a Bitcoin and crypto bull market. A “Group Of Fools” He begins by emphasizing the significance of the dollar-yen exchange rate as a macroeconomic barometer. According to Hayes, this metric crucially influences global…
[ad_1] In a striking revelation that challenges widely-held perceptions, Daniel Batten, a Bitcoin environmental impact analyst, disclosed that BTC mining was never officially banned in China. According to Batten’s research, despite widespread reports to the contrary, the so-called “ban” was actually a temporary suspension, and mining activities have largely resumed across the country. Bitcoin Mining Was Never Banned In China Batten’s report highlights that the hashrate within China, which is a measure of the computational power used in mining and processing Bitcoin, currently accounts for approximately 15% of the global total. This information stands in stark contrast to the dominant…
[ad_1] Ethereum, the world’s second-largest cryptocurrency, is poised for a meteoric rise, according to a new analysis by VanEck, a leading asset management firm. The report predicts that Ethereum could reach a valuation of $2.2 trillion by 2030, translating to a price of around $22,000 per coin. This ambitious prediction hinges on Ethereum’s dominance in the smart contracts arena and its potential to generate a staggering $66 billion in free cash flow by the end of the decade. Related Reading Traditional Finance Embraces Ethereum With ETF Approval A key driver behind VanEck’s bullish outlook is the recent approval of spot…
[ad_1] A group of creditors of the now-collapsed FTX has moved to court, objecting to the crypto exchange’s bankruptcy reorganization plan, which would pay the unsecured creditors the entirety of their claims, if not more.The Formal Objection of FTX CreditorsA group led by Sunil Kavuri, one of FTX’s vocal creditors, filed the objection yesterday (Thursday) in the US bankruptcy court. They reject the reorganization plan on several grounds, including the assertion that it does not serve the best interests of the creditors.The objection further highlighted that the plan ignores property rights issues. Furthermore, it pointed out that, as the settlement…
[ad_1] US-based cryptocurrency exchange Kraken, is reportedly considering a final funding round as it explores the possibility of an initial public offering (IPO), according to sources familiar with the matter. The exchange has received inquiries from potential investors amid the current rally in the digital asset market. Kraken Gears Up For Pre-IPO Funding Round According to a Bloomberg report, sources suggest that Kraken is likely to seek more than $100 million in funding. The renewed interest from investors, coupled with a perceived shift in US regulatory attitudes towards digital assets, has reignited discussions about companies in the crypto sector going…