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Category Archives: Business

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

iDEGEN fires on all cylinders as Bitcoin, Ethereum struggle

Bulls remain in control of the broader cryptocurrency market as investors’ optimism remains pegged on crypto-friendly policy measures, heightened adoption of these digital assets, and central banks’ strategic reserves. Even so, crypto majors have largely stalled in the absence of an immediate catalyst.  Amid the

Oklahoma introduces strategic Bitcoin reserve act

Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire, and North Dakota in having Bitcoin reserve proposals State savings accounts and pension funds will have the nod to invest in BTC if the bill passes Oklahoma is the latest US state to eye a strategic Bitcoin reserve

Oklahoma senator files Bitcoin Freedom Act enabling wages in BTC

The Bitcoin Freedom Act lets Oklahomans accept their wages in Bitcoin Oklahoma State Senator Deevers said Washington is “ruining the US dollar” The Bitcoin Freedom Act is eligible for consideration in the 60th legislative session beginning on February 3 Oklahoma State Senator Dusty Deevers has

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