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Skybridge Founder Insists It’s ‘Still Very Early’ to Buy BTC — Sees Bitcoin as the New Berkshire Hathaway

Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st…

Bitwise CIO Says Bitcoin Could Top $200K This Year Citing ‘Too Much Demand, Not Enough Supply’

Bitwise’s chief investment officer says bitcoin price could surge above $200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the…

Microstrategy to Buy More Bitcoin With Proceeds From $600M Convertible Note Sale

Nasdaq-listed company Microstrategy is planning to sell $600 million in convertible senior notes and use some of the proceeds to buy additional bitcoin. Microstrategy now holds 193K bitcoin. The company’s executive chairman, the pro-bitcoin…

Marathon Mines Record-Breaking 4 MB Bitcoin Block Linked to Runestone Airdrop

During bitcoin’s extraordinary price peaks in March, this week saw the mining of the biggest block by byte size, with Marathon’s mining pool producing a 3.99 megabyte (MB) block. This block, labeled as 832,849, carried a message…

Headband-Wearing ‘Alien Punk’ NFT Sells for $16 Million, Marking Second Highest Cryptopunk Sale

As the value of cryptocurrencies continues to climb, the second-highest sale of a Cryptopunk non-fungible token (NFT) has been recorded at $16 million, as per onchain records. This sale significantly exceeds its previous purchase price of $7.67…

Bitcoin’s Leap Past $65K Ignites Speculation of Qatari Billionaire’s Big Buy Post-Atlantis Conference

Following bitcoin’s climb beyond the $65,000 mark, social media has been buzzing with discussions about the rumored acquisition of bitcoin by a billionaire from Qatar post the Bitcoin Atlantis conference in Madeira. A sighting of a Qatari…

Ethereum Technical Analysis: Bullish Market Sentiment Keeps ETH Above $3,500

Ethereum’s price experienced a turbulent trading session on March 4, 2024, with significant intraday fluctuations marking the landscape. Despite the short-term volatility, underlying indicators and moving averages suggest a strong bullish…

Bitcoin Technical Analysis: BTC Hits $65K, Edging Closer to Peak Valuation

In a powerful demonstration of resilience, bitcoin’s value climbed past the $65,000 mark on March 4, 2024, showcasing a significant upward movement from its 24-hour low of $61,769. This climb is supported by a robust trade volume of $42.41…

Binance Nigeria Standoff: Crypto Exchange’s Top Executives Summoned by House of Representatives Committee

Top executives from Binance have been summoned to appear before the Nigerian House of Representatives Financial Crimes Committee no later than March 4. Ginger Onwusibe, the committee’s chairperson, has warned of possible repercussions should…

Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and…

Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’

Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not…

Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%

The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five…

Milton Friedman’s 1999 Vision: Predicting Bitcoin Before the Digital Age Dawned

Nearly two decades before the Bitcoin network revolutionized the digital world, Nobel Laureate Milton Friedman foresaw the emergence of digital currencies. His prediction of an electronic currency facilitating anonymous transactions has become a…

$1 Million per BTC by 2033: Predicting Bitcoin’s Price Trajectory Using the Power Law Model

In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in…

In Its Entire History, Bitcoin Has Only Spent 0.81% of Its Life Above the $60K Line

As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above…

Satoshi’s Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More — Week in Review

Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and…

Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit

In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms…