What is Bitcoin Mining and How Does it Work?
In simple terms, Bitcoin mining is the process of creating new Bitcoins by using powerful computers to solve complex mathematical problems.
Japanese Firm Metaplanet Buys 150 Bitcoins
Tokyo-listed investment firm Metaplanet has increased its Bitcoin holdings by purchasing an additional 150 BTC for $12.5 million at an average price of $83,508 per Bitcoin.
Xapo Bank Unveils Bitcoin-Backed Loans
Xapo Bank has launched a Bitcoin-backed loan service, enabling eligible members to obtain USD loans without selling their Bitcoin.
Bank of Korea Rejects Bitcoin for its Foreign Reserves
The Bank of Korea has opted not to include Bitcoin in its foreign exchange reserves due to its high volatility and failure to meet the International Monetary Fund’s guidelines on liquidity and risk management.
Bitwise Launches an ETF Focused on Companies with at Least 1,000 BTC in Their Treasury
Bitwise has launched a new exchange-traded fund.
Mt. Gox Moves $900M in Bitcoin
Mt. Gox has recently transferred a considerable amount of Bitcoin, totaling 11,834 BTC (approximately $910 million).
Michael Saylor: US Government Should Acquire 25% of Bitcoin’s Supply
Michael Saylor advocates for the US to engage in regular daily purchases of Bitcoin from 2025 to 2035, when the majority of the total supply will have been mined.
