Category: Bitcoin

Bitcoin is digital money created in 2009. It lets people send and receive payments directly without using banks. It’s stored on a public network called a blockchain, and only 21 million will ever exist.

Genius Group Stacks $1.8M More BTC, Now HODLs $15.8M

Summary: Genius Group is a well known Singapore-based education and AI firm which has yet again added a huge amount of $1.8M worth of Bitcoin to its reserve, this isn’t the first time this company has added cryptocurrency to its reserve and most importantly Bitcoin. This addition of BTC brings its total to 172 BTC. The company’s “Bitcoin-first” strategy is part of a long-term plan to integrate crypto into its education platforms.

Genius Group Goes Bigger on BTC

Genius Group isn’t playing when it comes to Bitcoin. The Singaporean education and AI firm just dropped $1.8M to scoop up more BTC, now holding 172 coins worth $15.8M. CEO Roger Hamilton says this is all part of their bold “Bitcoin-first” strategy, where 90% of the company’s reserves will eventually be allocated to Bitcoin. At an average price of $92K per coin, Genius Group is flexing its commitment to making Bitcoin the backbone of its financial game.

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Bringing Bitcoin to the Classroom

This isn’t just about HODLing. Genius Group is leveling up by weaving Bitcoin into its education platforms, using blockchain tech for on-chain certifications and rewards powered by the Lightning Network. It’s a next-gen twist on traditional education, making crypto a key part of their vision.

Leading the Charge

After Huge addition done by MicroStrategy, Genius also didn’t shy away and joined the rank of Bitcoin Bull like said MicroStrategy and these type of companies have managed to set a fast growing trend of adding crypto especially Bitcoin as its reserve. . With $15.8M in BTC reserves, they’re not only hedging against economic shifts but also proving that education and crypto can be a match made in digital heaven.

Bitcoin Near-Miss: Gamblers Lose Big on $100K Bets

Summary: A notorious crypto gambler faces a serious loss as bitcoin very slightly missed $100K in November. It wasn’t just a small amount bet as many would expect because some bets costs over $100K itself. Despite the setback, the crypto crowd is still bullish, with six-figure predictions for the near future.

When $100K Was Just a Dream

Bitcoin came within $345 of breaking $100K in November, peaking at $99,655 before falling to $90,800. The hype? Unreal. But the aftermath? Painful. Polymarket traders betting on the $100K milestone got wrecked, with one user losing $114,000 and another dropping $56,000. Total trading volume hit $28.5M, making this a high-stakes loss for many.

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Bullish Vibes Aren’t Dead

Despite the Ls, the crypto faithful aren’t giving up. Polymarket data shows a 40% chance BTC could revisit $90K soon, but there’s still hope for $100K by 2025. Bitcoin is trading at $96,700 now, with odds of hitting $100K this month surging from 19% to 71%. The diamond hands energy is alive and well.

Kiyosaki’s Take on the Dip

Robert Kiyosaki, author of *Rich Dad Poor Dad*, says Bitcoin might tank to $60K before shooting up to $250K by 2025. His advice? “Buy the dip!” While the $100K dream took a detour, the long-term vibe is still strong.

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Swiss Parliament Votes to Explore Bitcoin Mining for Power Grid Upgrades

Summary: Swiss politician Samuel Kullmann just got major approval for a game-changing study: using Bitcoin mining to boost the country’s energy grid. With an 85–46 vote in Parliament, Kullmann’s proposal is all about turning wasted energy into something useful and could be a big win for both the environment and Bitcoin fans.

Why Bitcoin?

This isn’t Switzerland’s first rodeo with crypto. Bitcoin’s halving event earlier this year had Swiss cities like Zurich topping Google searches. The idea? Use Bitcoin mining not just for profits but also to stabilize energy use. By running mining rigs during off-peak hours, Switzerland could use extra electricity that would otherwise go to waste. Genius, right?

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Big Bitcoin Moves

Switzerland’s been low-key stacking up on Bitcoin exposure. Even the Swiss Central Bank bought shares in MicroStrategy—aka the company with the biggest Bitcoin stash. Talk about making power moves.

Global BTC Hype

It’s not just Switzerland hopping on the Bitcoin train. Cities like Vancouver are pushing to hold Bitcoin as part of their budgets. Even U.S. and Brazilian lawmakers are talking about creating national Bitcoin reserves. BTC isn’t just a trend—it’s becoming the main character on the global financial stage.

Switzerland might just prove Bitcoin is about more than digital gold—it’s a tool for the future.

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Trump’s Crypto Crew Might Spark a U.S. DeFi Boom, Say Analysts

Summary: As Trump promised with his pro-crypto nation policy, Us could be heading for a massive and drastic positive glow up in Defi. Several well known and knowledgeable analysts from Matrixport strongly believe that 2024 might not only be about Bitcoin potentially replacing gold and being “digital gold” but also the start of a full blown decentralized finance (DeFi) revival.

Trump’s Pro-Crypto Cabinet Takes Shape

Donald Trump’s picks for Treasury, Commerce, and possibly the SEC have crypto vibes written all over them. Howard Lutnick, tipped for Commerce Secretary, is a big stablecoin fan, while Scott Bessen, his likely Treasury Secretary, straight-up said, “crypto is about freedom.” Even Paul Atkins, a crypto-savvy lawyer and former SEC commissioner, is in the mix for SEC Chair. Together, these guys could flip the script on U.S. financial policy, putting blockchain tech and DeFi at the forefront.

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DeFi Renaissance Incoming?

Matrixport analysts predict that 2024 could bring more than just Bitcoin hype; we’re talking a full-on DeFi revival. Traditional finance might start vibing with decentralized apps to make payments and transactions smoother. If the U.S. goes all in, it could pressure other countries to embrace crypto too. The analysts also hinted at a “Strategic Bitcoin Reserve” being on the table.

The Bigger Picture

Beyond regulations, this shift could digitize the U.S. financial system, making crypto apps the real MVPs of the economy. Bessen’s call for tighter budgets might even boost Bitcoin buying as a hedge against uncertainty. If this squad delivers, we’re looking at a serious crypto glow-up in the States.

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SOS Ltd Goes Big on Bitcoin with $50M Reserve Plan

Summary: China-based SOS Limited is making tremendous and strong waves in the crypto scene and it also announced its amazing plans to drop $50 million on Bitcoin to bolster its portfolio. The publicly traded firm’s board greenlit the move, with CEO Yandai Wang calling Bitcoin a “strategic asset and global store of value.” The goal? Build a BTC reserve, expand digital investments, and ride the crypto profit wave.

Nations Eye Bitcoin Reserves Too

SOS isn’t the first to jump on the Bitcoin bandwagon. Genius Group, based in Singapore took the crypto space by storm taking up headlines earlier this month with a astonishing amount of $120 million BTC buy which they manage to follow by another $14 million to beef up its crypto stash. Over in Japan, Metaplanet and Remixpoint are also not backing down but stacking up sats, still MicroStrategy continues to lead the crypto scene with jaw dropping and such a huge amount $21 billion spent on Bitcoin starting from 2020.

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Nations Eye Bitcoin Reserves Too

It’s not just institutions, corporate companies neither just big organizations but even official government bodies are vibing with Bitcoin. Donald Trump who’s current president elect from United States is planning on making a bitcoin reserve and is planning to make The United States of America into a pro-crypto country. Could this be the next big crypto move? With policies potentially dropping by 2025, it looks like Bitcoin is stepping out of the shadows and into the mainstream spotlight. 🚀

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Crypto Buzz in Russia: 8% Traffic Spike as Bitcoin Soars

Summary: Russia’s crypto scene is absolutely buzzing , with an 8% jump in exchange traffic as Bitcoin continues its epic and adventerous climb. The surge in internet traffic to major crypto platforms was revealed by telecom giant MegaFon, who says rising BTC prices and fresh mining laws are fueling the frenzy.

Crypto Fever in Full Swing

MegaFon’s analysis shows that Russia now accounts for around 27%-30% of total traffic to major exchanges. Globally, the story is similar, with web traffic to the top 20 platforms up by 8%-10% in November. Bitcoin’s price popping off by 45%—rallying from $68K to nearly hitting the big $100K—has everyone hyped, and Russia is no exception.

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Exchanges Riding the Wave

Platforms like Deribit are on fire, reporting a massive 126% boost in visits. Other big names like HTX (formerly Huobi) and KuCoin saw traffic spike by 24% and 23%, respectively. Not everyone’s thriving, though. Gate.io took a 26% hit, and Upbit and Kraken saw minor dips.

New Rules, Who This?

Russia’s new crypto mining law, live since Nov. 1, is also shaking things up. While it green-lights mining for registered pros, hobbyists face strict energy caps. With regional mining bans kicking off Dec. 1, the FOMO is real. Looks like Russia’s crypto crowd isn’t slowing down anytime soon!

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Will Bitcoin Crash Again on Thanksgiving?

Summary: Everyone especially crypto enthusiasts know how the holiday season causes volatility in price. So the hot topic for traders is how Thanksgiving will affect Bitcoin’s valuation. The big question: Will this year break the pattern, or is another dip looming ?

Thanksgiving’s Track Record

Thanksgiving week has often brought Bitcoin price corrections. In November 2020, Bitcoin peaked at $19,633 but failed to break $20,000 until after a sharp correction. Within two weeks, however, it surged past its all-time high, setting new records in early 2021. This year, Charles Edwards of Capriole Fund highlights that while Wednesdays like Nov. 27 are often bullish for Bitcoin, Thanksgiving Day itself has seen consistent price drops over the past five years, making traders wary.

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Current Market Vibes

Bitcoin is currently hovering near $95,000, a critical psychological level. Analysts believe a daily close above this mark could confirm bullish momentum, but failure to stay above the 50-day EMA might trigger a drop toward $90,000. The 4-hour chart shows potential for volatility, with the next 24 hours being pivotal for market direction.

Holiday Dip or December Rebound?

Even if Bitcoin dips on Thanksgiving, historical trends point to quick recoveries in December. Factors like the upcoming halving are keeping investor sentiment optimistic. Whether it’s a crash or a rally, Thanksgiving might just set the stage for Bitcoin’s next big move.

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Bitcoin OGs Stay Cool While Newbies Cash Out $2B in One Day

Summary: 

Gen Z, you already know Bitcoin’s been flexing hard, almost hitting $100K. But while the FOMO squad is scrambling, the OGs are chilling. Here’s the tea: long-term Bitcoin holders (aka diamond hands) just locked in over $2 billion in profits in a single day. But not all hodlers are rushing to cash out. Let’s break it down.

Recent data from Glassnode indicates that most Bitcoin selling activity is being driven by newer holders, specifically those who have held their coins for 6-12 months. These so-called “semi-diamond hands” accounted for 35.3% of recent sell-offs. Meanwhile, long-term Bitcoin investors, often called “OGs,” are maintaining their positions, likely waiting for higher prices before considering any moves.

Some analysts suggest that institutional investors, who entered the market following the launch of Bitcoin exchange-traded funds (ETFs), are among those cashing out. These players may be locking in profits after riding the initial hype wave surrounding ETFs.

The ETFs themselves are showing signs of strain, with over $550 million in net outflows recorded over the past two trading days. This coincided with Bitcoin’s price retreating from near $99,000 to around $90,800. Adding to the market’s turbulence, MicroStrategy, a corporate giant with significant Bitcoin holdings, saw its stock price plummet by 35% after reaching a peak on November 21. Despite the setback, the company remains steadfast in its bullish stance, continuing to increase its Bitcoin reserves.

As the market navigates this phase, a clear divide is emerging between speculators locking in profits and seasoned holders exercising patience. Whether Bitcoin can break past the $100,000 mark remains uncertain, but all eyes are on its next move.

MicroStrategy Acquires 55,500 BTC for $5.4 Billion

Summary: MicroStrategy just bought an outrageous amount of Bitcoin and has positioned itself as the top of the top corporate Bitcoin holder with a historic and monumental purchase of 55,500 BTC for $5.4 billion. This purchase made possible by a mix of debt offerings and equity sales, making this purchase the company’s largest and greatest Bitcoin investment yet.

Record-Breaking Bitcoin Purchase

MicroStrategy bought an astonishing amount of 55,500 BC at an average price of $97,862 per coin in a span of just a week starting from November 18 and November 24. This is by far the largest acquisition of the company making its total holdings to 386,700 BTC. That amount of BTC is valued at over $37 billion.

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Funding Through Capital Initiatives

This purchase was only made possible by significant capital raising efforts as already briefly explained in the summary section above. The efforts include a $3 billion debt offerings and $2.46 billion from equity sales. However this wasn’t done without any plan as MicroStrategy has outlined a $42 billion capital plan over three years to support further Bitcoin acquisitions.

Strategic Performance Metrics

MicroStrategy uses a proprietary “Bitcoin Yield” indicator to measure performance. As of November 24, its year-to-date Bitcoin Yield stands at 59.3%, showcasing strong growth while managing share dilution.

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Rumble to Invest $20M in Bitcoin for Strategic Expansion

Summary: After the recent valuation boom for Bitcoin several companies, industries and platforms have started investing in Bitcoin or use it as a financial reserve. Following this trend a Video-sharing platform widely known as Rumble has announced plans to allocate up to $20 million in Bitcoin as a part of its strategy to make its corporate treasury diverse and open a broader opportunity in crypto.

Rumble Embraces Bitcoin for Growth

The news of Rumble allocating up to $20 million of its reserves to bitcoin was revealed or said out in a blog post on Nov. 25. Chris Pavlovski, CEO of Rumble used Bitcoin’s current boom, it’s resistance nature against inflation including its independence from monetary polices as key reasons while going through with this decision. Rumble plans to position itself on a greater place in crypto space through these type of strategic investment.

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Flexible Investment Strategy

This strategic approach by Rumble is very flexible and came at the company’s discretion. The timing of this allocations strategy seems unclear as BTC has slowly started to slow down compared to past week but the company emphasized its ability to pause or modify the strategy as market condition evolve.

Part of a Broader Trend

Rumble isn’t the only company or enterprise to join allocate BTC in its business or make BTC as their financial reserves but Rumbles joins companies like MicroStrategy, Genius Group and Anixa Biosciences that are adding and integrating Bitcoin into their financial strategies. This recent trend shows the growing interest of institutions which reflects Bitcoin’s potential as a long-term asset and inflation hedge.

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