Bitcoin treasury companies are in vogue, and Africa has its first trading on the Johannesburg Stock Exchange. While the launch of Africa Bitcoin Corporation promises to attract billions of South African rand from capital markets, its founders believe Bitcoin’s impact on the continent remains in grassroots, retail adoption. South Africa’s Altvest Capital grabbed headlines as…
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The Smarter Web Company, the United Kingdom’s largest corporate Bitcoin holder, is considering acquiring struggling competitors to expand its treasury, CEO Andrew Webley said. Webley told the Financial Times that he would “certainly consider” buying out competitors to acquire their Bitcoin (BTC) at a discount. According to BitcoinTreasuries.NET data, The Smarter Web Company is the…
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Key points: Bitcoin “shark” wallets have started buying the dip, adding 65,000 BTC to their holdings in just seven days. Short-term holders also cross a milestone, with the profit ratio of coins moving onchain flipping positive. Long-term holders have yet to return to net accumulation. Bitcoin (BTC) “conviction-driven” holders have bought 65,000 BTC in just…
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Key takeaways: Bitcoin price rose 1.5% to over $115,000, with onchain indicators suggesting market momentum is picking up. BTC must hold above $115,000 to secure the recovery, with resistance at $116,000-$121,000. Bitcoin (BTC) price was up on Friday, rising 1.5% over the past 24 hours to trade above $115,000. Several technical and onchain indicators suggest…
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Bitcoin has likely been trading sideways as corporations have focused on stacking altcoins lately, though there could be an upswing coming later in the year, says Mike Novogratz, CEO of asset manager Galaxy Digital. “Bitcoin’s at a consolidation right now. Partly because you’re seeing a lot of these treasury companies in other coins take their…
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Crypto-buying public companies are entering a “player vs player” stage that will see firms competing harder for investor money, and that could drive up crypto market prices, according to Coinbase. “The days of easy money and guaranteed mNAV [multiple of Net Asset Value] premiums are over,” Coinbase head of research David Duong and researcher Colin…
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Bitcoin bull market indicators have turned predominantly bearish despite Bitcoin registering a slight recovery on Friday to $116,000, according to CryptoQuant. Eight out of ten of the CryptoQuant Bull Score Index indicators are flashing bearish for Bitcoin, and “Momentum is clearly cooling,” CryptoQuant analyst JA Maartun said on Thursday. The blockchain analytics platform’s bull score…
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Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his appeals process with a hearing scheduled for November. According to a Wednesday notice in the US Court of Appeals for the Second Circuit, Bankman-Fried’s appeals case has been calendared for arguments…
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Key takeaways: Bitcoin’s $4.3 billion options expiry favors neutral-to-bullish bets, with a $175 million edge if prices stay above $113,000. Macroeconomic uncertainty, including weak US employment data and AI sector doubts, could determine Bitcoin’s short-term trajectory. Bitcoin (BTC) surged past $114,000 mark on Thursday after a positive earnings report from Oracle Corporation (ORCL), a major…
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Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem is auctioning off items connected to his guilty plea over charges involving the darknet marketplace Silk Road. In a Thursday notice, a spokesperson for Shrem said he would be opening up 12 items related to his time in prison and early Bitcoin (BTC) paraphernalia on the…
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