Category Archives: Business
February 25, 2025
MicroStrategy Makes Its Largest Bitcoin Purchase of 2025, Acquiring $2 Billion Worth of Bitcoin
MicroStrategy, now rebranded as Strategy, has made its largest Bitcoin purchase of 2025, acquiring 20,356 BTC for a total of $1.99 billion. This massive acquisition is part of the company’s ongoing strategy to become one of the world’s largest Bitcoin holders. Despite the bullish nature of this purchase, concerns have been raised about the company’s […]
February 25, 2025
Gold: Is It Time for the U.S. to Revalue Its Reserves?
Gold prices surged to an all-time high of $2,940 per ounce last Thursday, pushing its market cap above $20 trillion for the first time ever. The price spike comes amid growing trade tensions between the U.S. and Europe, which have fueled concerns of a global economic slowdown. While demand for gold as a safe-haven asset […]
February 23, 2025
Bybit CEO Discusses Potential Ethereum Blockchain Rollback After Lazarus Hack
Following the recent Lazarus Group hack, which resulted in the theft of significant Ethereum holdings, a heated debate has emerged about the possibility of rolling back the Ethereum blockchain to invalidate the stolen funds. Bybit CEO Explores All Avenues to Recover Stolen Funds Bybit CEO Ben Zhou stated that the exchange is exploring all available […]
February 23, 2025
Gold Eases from Record High on Profit-Taking, Eyes Eighth Weekly Gain
Gold prices dipped slightly on Friday as investors locked in profits following the previous session’s all-time high. Despite this pullback, the precious metal remains on track for its eighth consecutive weekly gain, fueled by robust safe-haven demand amid ongoing concerns over U.S. tariff policies. Gold Prices Dip but Maintain Strong Weekly Performance As of 02:24 […]
February 22, 2025
Arkham Identifies Bybit Hacker Wallets as Crypto Market Faces $75B Loss
Bitcoin Market Update: Bybit Hack Triggers BTC Volatility Bitcoin (BTC) initially surged to $99,495 but quickly reversed by 4%, dipping to $96,200 following reports of the massive Bybit exchange hack. This downward momentum was exacerbated by sustained outflows from Bitcoin ETFs, which saw a net withdrawal of $689.6 million over four consecutive days. Altcoin Sell-Off: […]
February 22, 2025
Gold Bullish Breakout Stalls, Bearish Risks on the Rise
Gold’s bullish momentum has hit resistance, raising concerns about a potential reversal. Traders are closely watching key levels, with a decisive move above $2,955 or below $2,917 expected to determine the next market trend. Gold Price Action and Market Trends Despite the weak follow-through from Wednesday’s bull pennant breakout, gold prices remained near trend highs […]
February 21, 2025
Utah’s Bitcoin Reserve Bill Advances to Second Senate Reading
Utah’s legislation to officially designate Bitcoin as a state reserve asset has made significant progress. The Bitcoin reserve bill, known as HB230 “Blockchain and Digital Innovation Amendments,” was passed by the Senate Revenue and Taxation Committee and is now one step closer to being signed into law. Bitcoin Reserve Bill Clears Key Hurdles On February […]
February 21, 2025
Here’s What to Watch in Gold Right Now: Gold Set for Breakout as $3,000 Approaches
Gold has recently paused just below the crucial $3,000 mark, taking a breather while building momentum for its next big move. As the market accumulates energy, a breakout above the $3,000 resistance could be imminent, setting the stage for further gains. Gold’s Bullish Trend Continues Gold has been on a strong upward trajectory, presenting a […]