Japanese financial giant SBI Holdings said it agreed to buy cryptocurrency exchange Bitbank for about $289 million. The Tokyo-based bank first floated the idea early last month, framing it as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan. It bought the crypto exchange Bitpoint in 2022. […]
Japanese giant SBI Holdings buys Bitbank for $289 million Read More »
Strategy (MSTR) is sitting on one of the largest unrealized losses in the company’s history, and it’s bigger than some of crypto’s most prominent projects. The software-turned-bitcoin-treasury company has about 844,000 BTC, acquired at an average price near $75,600, according to data source BitcoinTreasuries.net. With BTC trading near $60,000 at the time of writing, the
Bitcoin Holds Below $60,000 As ETF Outflows Extend Into 7th Week
Bitcoin Holds Below $60,000 As ETF Outflows Extend Into 7th Week Read More »
South Korea’s Kospi fell as much as 9%, triggering the second trading halt of the week, as chipmakers SK Hynix and Samsung both fell more than 8%. Nasdaq 100 futures fell 1.5 percent. Brent crude fell below $74 per barrel. barrel, easing some of the pressure after a missile attack on a vessel in the
Majors lead broad crypto sell-off as tech stocks fall Read More »
Bitcoin (BTC) has rallied from overnight lows amid a renewed decline in Asian equity markets. The leading cryptocurrency by market capitalization is trading at around $59,800 as of this writing, up 2.7% from a low of $58,206 hit on Thursday, according to CoinDesk data. Still, prices are down over 5% this week and nearly 20%
Bitcoin rises to nearly $60,000. Kospi, Nikkei wash Read More »
Like bitcoin BTC$59,732.68 fell below $59,100 on Wednesday, the number of losses increased to a record 10.83 million BTC, data from Glassnode shows. The largest cryptocurrency has tested the $60,000 level repeatedly since February and briefly dipped below it several times. Four months ago, supply peaked in losses at 9.8 million BTC. It rose to
Bitcoin supply in losses hits record high as long-term holders remain untouched Read More »
The crypto market showed signs of resilience on Thursday with bitcoin BTC$59,873.13 added 1.1% since midnight UTC after falling below $60,000 on Wednesday to its lowest since October 2024. The largest cryptocurrency remains at a critical level in terms of broader market structure. A potential break lower in price could trigger a drop to around
Crypto Stabilizes After Brutal $1 Billion Liquidation Day: Crypto Markets Today Read More »
Uniswap (UNI) and Spark are betting that as the number of stablecoins grows, the market will need the equivalent of a foreign exchange network to move liquidity between issuers. Spark, a decentralized finance (DeFi) protocol focused on stablecoin liquidity, said Thursday it is working with decentralized exchange Uniswap to create what it calls an “FX
Uniswap and Spark aim to build currency market for stablecoins as banks, fintechs enter Read More »
Jiang Zhuoer, one of China’s best-known bitcoins BTC$59,747.85 miners and founder of the LeBit mining pool predicted that the current bear market will bottom out in the fourth quarter at around $42,000-$44,000. The forecast, made in Chinese on X, puts the low about 30% below bitcoin’s current level near $60,700 and rests less on the
BTC Will Fall Another 30% To $44,000, Prominent Miner Says Read More »
Crypto held in an IRA or 401(k) is treated differently. These accounts generally do not see an increase in value. Instead, they continue to follow the rules that apply to pension assets. Distributions are typically taxed as ordinary income, and in many cases non-spouse beneficiaries must withdraw the entire account balance within 10 years. Mixing
Seven tactical questions to ask when planning to pass on your bitcoin Read More »
