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Category Archives: Business

Italy’s largest bank, Intesa Sanpaolo, buys $1M Bitcoin

Intesa Sanpaolo Bank buys $1 million in Bitcoin The bank is the first Italian bank to invest in crypto The move is a low-risk experiment with digital assets in preparation for potential client demand In a pioneering move for Italy’s financial sector, Intesa Sanpaolo, the

Russia confiscates $10M Bitcoin from former law enforcement official

Russia seizes 2,718 Bitcoin worth $10 million from ex-ICRF official The ex-official was involved in what has been termed the largest bribery case in Russia The confiscated Bitcoin will be added to the state revenue Russian authorities have seized approximately $10 million worth of Bitcoin

Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the

Nasdaq-listed Heritage Distilling adopts Bitcoin strategy

Heritage Distilling Company has announced a Bitcoin treasury strategy The Nasdaq-listed company will accept BTC for its products and services Heritage Distilling, a publicly traded company listed on NASDAQ, is the latest to adopt Bitcoin as a reserve asset. The distiller announced on January 10,

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto

Bitcoin price drop caused by profit-taking and macroeconomic conditions

Bitcoin dropped to $89,900 on January 13, its lowest decline in two months James Toledano, COO at Unity Wallet, said one of the reasons for the drop is profit-taking after Bitcoin hit $108,000 in mid-December The inauguration of President-elect Donald Trump could spark renewed buying

Genius Group to raise $33m to buy more BTC

Genius Group has announced a $33 million rights offering. The company will use net proceeds from the sale to buy Bitcoin. Genius Group holds $35 million in BTC and could see holdings rise to $86 million with plans for additional $20 million loan. Publicly-listed artificial

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