BTC's latest price action seems to contrast sharply with the uptrend exhaustion observed at record highs above $108K in mid-December. What to know: BTC's swift recovery from $89K Monday hints at seller exhaustion. The pattern is inverse of price action…
The Bank of England has announced the launch of the Digital Pound Lab, a new initiative to experiment with potential applications and technical frameworks for a central bank digital currency (CBDC). According to a recent report by the UK’s central…
Capital Group is also the second-largest shareholder in MicroStrategy, trailing only Michael Saylor. What to know: Investment manager Capital Group, with $2.3 trillion in assets under management, has become a 5% shareholder in Metaplanet. The company is also the second…
A Russian diamond mining firm employee has been jailed for sending crypto to the Ukrainian army. According to the Russian newspaper Izvestia, the unnamed individual was sent to a maximum security penal colony for “providing financial assistance to a Ukrainian…
During a presentation in Orlando on Monday, Saylor told executives to invest in bitcoin instead of bonds, which he labeled as "toxic." What to know: MicroStrategy increased its bitcoin holdings for the tenth consecutive week, buying 2,530 tokens for $243M.…
The South Korean crypto exchange Bithumb has signed a banking partnership with Kookmin (KB), one of the biggest financial providers in the country. Experts say the deal represents a “tectonic shift” in the domestic traditional finance and crypto sectors. Whereas…