Donald Trump Praises Bitcoiners as Price Settles Above $100,000
Finance Magnates
by Jared Kirui, www.financemagnates.com
19h ago
Bitcoin shattered the $100,000 all-time price high on Wednesday, a milestone that both excited the crypto community and drew a bold response from President-elect Donald Trump. Trump took to his social media platform Truth Social to take credit for the achievement, which was partly triggered by his appointment of a pro-crypto SEC chair, Paul Atkins. “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump wrote, attributing the cryptocurrency’s historic surge to his administration's pro-crypto stance. Trump’s Pro-Crypto Moves Bitcoin, which ..read more
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Why Crypto Market Inflows Surged Amid the US Presidential Election
Finance Magnates
by FM Contributors, www.financemagnates.com
19h ago
The 2024 US Presidential election has positively impacted the cryptocurrency market, with a surge in market inflows that began even before the results were announced. New investors heading into crypto are joined by institutional investors buying into a new round of exchange-traded Bitcoins ETFs, and the market gained a sense of optimism and self-belief that was sorely lacking in the run-up to the election. The crypto market briefly topped $3.1 trillion on November 14th, which meant that crypto surged past the last record high from 2021 when the pandemic stimulus led to a massive influx of fund ..read more
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Crypto Exchanges Spot Volume Hits $1.9T as Bitcoin Surges 40% in November 2024
Finance Magnates
by Damian Chmiel, www.financemagnates.com
21h ago
The fact that Bitcoin grew by almost 40% in November had to be reflected in market activity statistics, including spot volumes of major cryptocurrency exchanges. According to the benchmark prepared monthly by Finance Magnates Intelligence, turnover increased by an average of 180% compared to the previous month and year. Bitcoin Unstoppable: $100,000 Mark Reached Although Bitcoin didn't cross the psychological barrier of $100,000 in November and only did so today (Thursday), it fell short by just $200 last month. November increased Bitcoin's value by $26,000 (37%) and sparked a new wave of euph ..read more
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7th Bitcoin Miner from Wall Street Reports a Drop in BTC Production in November
Finance Magnates
by Damian Chmiel, www.financemagnates.com
21h ago
Core Scientific (NASDAQ: CORZ), one of the publicly listed Bitcoin miners from Wall Street, reported a decline in BTC production for November, aligning with a broader industry trend. The company continues to pursue its strategic expansion plans in Texas, according to the monthly operational update released today (Thursday). Core Scientific Reports Decreased Bitcoin Production in November The blockchain infrastructure company, one of the biggest Wall Street BTC companies based on the market cap, mined 314 Bitcoin in November, marking a 14.9% decrease from October's 369 Bitcoin. Daily production ..read more
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Wall Street Bitcoin Miner BitFuFu Launches Private-Label Pool, Holds 1664 BTC
Finance Magnates
by Tareq Sikder, www.financemagnates.com
23h ago
BitFuFu Inc. (NASDAQ: FUFU), a Bitcoin miner based on Wall Street, announced the launch of BitFuFu Pool, its private-label mining pool. The company also disclosed that it holds 1,664 BTC as of today (Thursday), reflecting its approach to treasury management. Bitcoin reached a notable milestone today, surpassing the $100,000 mark, with its market capitalization exceeding $2 trillion. BitFuFu Pool Launches, Offers 0.4% Commission The pool will offer commission rates as low as 0.4%. Starting next week, BitFuFu Pool will be available to users purchasing cloud-mining products and miner services thr ..read more
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StoneX to Offer Crypto Services to European Institutions under Irish Licence
Finance Magnates
by Arnab Shome, www.financemagnates.com
1d ago
The ambition of StoneX Group for digital assets has become clear as its digital asset unit received approval from Ireland’s central bank to become a virtual asset service provider (VASP). New Irish License for StoneX Announced yesterday (Wednesday), the approval was granted to locally established StoneX Digital International, which can now operate as a digital asset business and will offer services to institutional clients. “StoneX Digital International Limited’s new status as a VASP underscores our dedication to supporting our global client base with secure, compliant, and reliable solutions ..read more
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Why is Ethereum Going Up? Unpacking ETH's 2024 Price Surge and $10,000 Predictions
Finance Magnates
by Damian Chmiel, www.financemagnates.com
1d ago
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been on a remarkable upward trajectory, captivating investors and analysts alike. As of Thursday, December 5, 2024, Ethereum's price has surged to $3,861, testing an intraday high of $3,908 – levels not seen since May of this year. This article delves into the factors driving Ethereum's impressive rally, explores its market position, and examines future prospects for this blockchain giant. I also present some bold Ethereum price predictions for 2024, 2025 and 2030. Ethereum's Recent Price Analysis: A 66% Monthly Ga ..read more
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MARA Raises $850 Million in Zero-Coupon Notes for Wall Street Bitcoin Push
Finance Magnates
by Damian Chmiel, www.financemagnates.com
1d ago
The biggest Wall Street Bitcoin miner by market cap, MARA Holdings, Inc. (NASDAQ: MARA), has successfully completed an $850 million offering of zero-coupon convertible senior notes. This marks one of the largest such offerings in the digital asset sector this year. MARA Raises $850 Million in Zero-Coupon Notes for Bitcoin Push The company secured approximately $835.1 million in net proceeds after initial purchasers' discounts and commissions. MARA plans to allocate $48 million to repurchase existing convertible notes due 2026, with the substantial remainder targeted for Bitcoin acquisitions an ..read more
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Bitcoin Hits a New High: Surpasses $100,000, Market Cap Exceeds $2 Trillion
Finance Magnates
by Arnab Shome, www.financemagnates.com
1d ago
Bitcoin reached a significant milestone, surpassing the long-anticipated $100,000 mark. Its market capitalisation also crossed $2 trillion, setting another record. Bitcoin Goes to the Moon The latest price record was achieved on Thursday morning during East Asian trading hours, as a sudden bullish trend propelled Bitcoin past $100,000. The price peaked at $103,500 before correcting slightly to $103,300 at the time of writing. Bitcoin’s market capitalisation has exceeded the $2 trillion mark within just 15 years of its existence, setting a remarkable record. In comparison, the global market cap ..read more
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Crypto Community Celebrates Trump’s Choice of Paul Atkins for SEC Chair
Finance Magnates
by Jared Kirui, www.financemagnates.com
2d ago
President-elect Donald Trump appointed Paul Atkins, a former Securities and Exchange Commission (SEC) commissioner with a strong pro-crypto stance, to lead the agency. Atkins, known for advocating for clearer and more consistent oversight, is seen as a figure poised to steer the agency toward less restrictive policies, especially for digital assets. The crypto community has welcomed Atkins' placement, describing it as a win for the digital asset sector, which has been pushing for clear regulations. On social media X, top executives from major crypto companies and even politicians expressed the ..read more
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