Category: Cryptocurrency
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University of Austin Becomes First U.S. University to Invest in Bitcoin
In a groundbreaking move that signals a shift in institutional investment strategies, the University of Austin (UATX) has become the first university in the United States to directly invest in Bitcoin. The university has launched a $5 million dedicated Bitcoin fund, marking a significant step toward integrating digital assets into higher education financial planning. A…
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Asian Crypto Stocks Plunge as Bitcoin price drops – What’s Next?
February 3, 2025 – The cryptocurrency market faced a sharp downturn as Bitcoin (BTC) plummeted to $91,163, marking its lowest level in over three weeks. This drop triggered a significant sell-off in Asian cryptocurrency-related stocks, with major companies experiencing notable losses. Bitcoin’s Decline Sparks Crypto Stock Sell-Off The sharp decline in Bitcoin’s price sent shockwaves…
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XRP Traders on Edge as Market Tests Key Resistance at $3.10
As of February 2, 2025, XRP, the cryptocurrency developed by Ripple Labs, is experiencing notable market movements that have traders closely monitoring its price action. The digital asset has recently faced resistance near the $3.115 mark, leading to a series of lower highs and an increase in downward momentum. This bearish trajectory has brought XRP…
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Tether Reports Record $13 Billion Profit in 2024, Driven by Bitcoin and Gold Price Surge
Tether, the issuer of the world’s largest stablecoin USDT, has announced a record-breaking $13 billion in group-wide net profits for 2024. The remarkable financial performance was largely fueled by the company’s extensive holdings in U.S. Treasuries, rising Bitcoin (BTC) prices, and gold investments. With this achievement, Tether continues to solidify its position as a dominant…
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Hive Digital’s Paraguay Expansion to Quadruple Bitcoin Mining Capacity by Late 2025
Hive Digital Technologies is making waves in the cryptocurrency mining industry with its strategic move to significantly expand its global bitcoin mining capacity. The company has recently announced the acquisition of a 240 MVA substation, land, and associated facilities in Paraguay, marking a $56 million investment aimed at boosting its operational capabilities. The ambitious expansion…
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Elon Musk’s DOGE Team Eyes Movement Blockchain to Revolutionize Government Operations
In an intriguing development within the blockchain and cryptocurrency ecosystem, Elon Musk’s DOGE team has reportedly begun discussions with Movement Blockchain to explore potential applications of blockchain technology in government operations. This bold move underscores Musk’s broader vision to integrate blockchain into public systems for increased transparency, efficiency, and cost reduction. According to a Bloomberg…
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Crypto Giant KuCoin Pleads Guilty, Pays $297M in DOJ Settlement, and Exits U.S. Market
In a landmark announcement on Monday, the U.S. Department of Justice (DOJ) confirmed that Peken Global Ltd., the Seychelles-based operator of cryptocurrency exchange KuCoin, pleaded guilty to operating an unlicensed money-transmitting business. This legal battle highlights the growing scrutiny on cryptocurrency exchanges and their obligation to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.…
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Bitcoin ETFs Shine With $1.76 Billion Weekly Net Inflow
The cryptocurrency market witnessed a momentous week for Bitcoin Exchange-Traded Funds (ETFs) as they recorded a remarkable weekly net inflow of $1.76 billion between January 21 and January 24, 2025. This performance signifies increasing investor interest and confidence in Bitcoin-related investment products. Leading the charge was BlackRock’s IBIT ETF, which attracted a staggering $1.32 billion,…
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Michael Saylor Hints at Another Bitcoin Acquisition as BTC Consolidates at $104K
For the 12th consecutive week, Michael Saylor, co-founder of MicroStrategy, has sparked curiosity in the cryptocurrency world by sharing the Bitcoin (BTC) tracker, hinting at yet another purchase. The anticipated move is set to occur on January 27, building on the company’s reputation as one of the largest institutional holders of Bitcoin. MicroStrategy’s last major…
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Bitcoin ETFs See Unprecedented Growth as Inflows Continue Unabated
Bitcoin Exchange-Traded Funds (ETFs) have entered 2025 with a remarkable streak of inflows, signaling robust investor confidence in the cryptocurrency market. On January 23, these ETFs recorded a net inflow of $188.65 million, marking the sixth consecutive day of gains. This surge has pushed total net assets closer to a staggering $122 billion, reaffirming the…
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