Ferrari, the iconic Italian luxury sports car manufacturer, has recently announced plans to expand its cryptocurrency payment system. This expansion is set to take place in its network of European dealers starting from the end of July. Furthermore, Ferrari aims to extend its crypto transaction options to additional countries in its global dealership network by
Senator Cynthia Lummis made a groundbreaking announcement at the Bitcoin2024 conference regarding the introduction of new legislation that proposes the establishment of a Bitcoin strategic reserve for the US. This reserve would total at least 1 million BTC, which is equivalent to 5% of the total supply of Bitcoin. The implications of this bold move
The Cardano ecosystem is currently experiencing a surge in activity, particularly from large ADA holders, also known as whales. Recent data shows that there has been a significant increase in transaction volumes among these whales, with a peak of 17 billion ADA tokens being moved. This movement was primarily driven by transactions exceeding $100,000 in
President Donald J. Trump recently made bold claims about his plans for Bitcoin in the United States, expressing his determination to establish the country as a “Bitcoin superpower” and maintain its competitive edge against countries like China. He emphasized his commitment to holding onto the approximately 200,000 Bitcoin currently owned by the US government, which
Recently, a group of Democrat politicians penned a letter to the Democratic National Committee (DNC) advocating for a change in the party’s stance on cryptocurrency and blockchain technology. The letter highlighted the potential benefits of digital assets and blockchain, emphasizing the importance of embracing innovation and inclusivity. This move comes amidst growing public perception that
Marathon Digital, a leading Bitcoin mining company, has recently made waves in the cryptocurrency world by announcing a massive $100 million investment in BTC. This significant investment demonstrates the company’s unwavering confidence in the long-term potential of the pioneering cryptocurrency, despite previous price drops. The recent press release from MARA (formerly known as Marathon Digital)
The recent launch of spot Ethereum ETFs has left many investors disappointed, especially when compared to the successful launch of spot Bitcoin ETFs earlier this year. While the initial day showed promise with over $106 million in net flows, the following days saw a concerning trend of outflows, with more than $341.8 million being pulled
The launch of Ethereum exchange-traded funds (ETFs) on US stock exchanges this year was met with anticipation. However, the initial trading days left much to be desired. Despite the greenlight from the US Securities and Exchange Commission and substantial inflows on the first trading day, the following days saw significant outflows, particularly from Grayscale’s ETHE.
Jan van Eck, the CEO of the investment management company VanEck, made headlines at the BTC Conference in the States by revealing that more than 30% of his portfolio is allocated to Bitcoin. This move is significant considering that VanEck is known for launching spot Bitcoin ETFs earlier this year, with the HODL ETF currently
Starting out as a writer covering various topics, Semilore Faleti eventually carved out a niche for himself in the realm of blockchain technology and cryptocurrency. His passion for understanding the complexities of digital assets and their role in modern finance drove him to delve deeper into this fascinating world. Specialization in Cryptocurrency Semilore’s dedication to
