China’s 2024 trade surplus surged to a record $1 trillion, driven by strong exports and concerns over US tariffs under Trump.
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Semler Scientific boosts its Bitcoin reserves to 2,321 BTC with a 99.3% yield, highlighting the success of its crypto strategy.
MicroStrategy continues its Bitcoin acquisition strategy, adding 2,530 BTC for $243 million, targeting further growth by 2027.
Blackrock’s IBIT recorded the largest outflow of funds on the last day of the trading week. The Bitcoin ETF lost $183.6 million on Jan 10 contributing to the $149 million net outflow of the 11 spot Bitcoin ETFs. There was minimal activity in the market on Friday last week with very few of the Bitcoin…
Key Takeaways: MicroStrategy acquired 2,530 BTC for $243M, increasing its holdings to 450,000 BTC worth $28.2B. The purchase aligns with its strategy of leveraging bitcoin as a treasury asset since 2020. Recent equity sales generated $243M, reflecting its financial strategy amid growing institutional bitcoin adoption. MicroStrategy has announced the purchase of 2,530 bitcoins (BTC) for…
Indian Exchange Mudrex halted crypto withdrawals on its platform citing ongoing Compliance Upgrades. Normal Operations on the platform are set to resume on January 28 and Indian Rupee withdrawals are not affected by the development. Alankar Saxena, Founder of Mudrex announced the development giving details on the modalities involved and the motive behind the decision…
Now Defunct FTX exchange founded by Sam Bankman Fried is set to resume paying creditors from Jan 20. The operation date tallys with the Inauguration date of President-Elect Donald Trump. FTX is set to repay up to $1.2 billion to creditors who have fulfilled pre-distribution requirements for initial distribution from Jan 20. The development was…
Key Takeaways: HashKey MENA received in-principle VASP approval from Dubai’s VARA, enabling cryptocurrency services in compliance with local regulations. The firm plans to expand across MENA, offering trading, custody, and other digital asset services, adhering to compliance standards. HashKey aims for a MiCA license in Europe, signaling global growth and strategic alignment with Dubai's regulatory…
Bitcoin hashrate drops by 44 EH/s as miners face declining profits. Learn about the challenges in maintaining profitability amid falling hashprice and transaction volumes. Bitcoin Hashrate Declines Significantly The computational power of the Bitcoin network, measured by its hashrate, has decreased substantially in recent days. From its peak of 824 exahash per second (EH/s), the…
