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.

Polish Minister Pledges Bitcoin Reserve for a Crypto-Friendly Future

Summary: We’ve already talked about 2 companies and even states of U.S. moving forward in technology and bringing crypto into their reserves, and now Polish minister Slawonir Mentzen also plans to follow the steps of those pervious cases and plans to establish a Bitcoin reserve and make sure Poland becomes a global Crypto Sensation and leader If he’s elected president in 2025.

Mentzen’s Vision for Poland

Slawomor Mentzen very eagerly and excitedly said how he wants to make Poland a hub for cryptocurrency innovation, backed by friendly policies and infrastructure. His statement regarding bitcoin reserve started as a response to crypto advocacy suggestions and he seems to be fully commited to creating a national Bitcoin reserve which is designed after the Satoshi Action Fund framework.

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A Track Record of Innovation

Mentzen isn’t new to suggesting blockchain’s involvement in governance as he also proposed mining Bitcoin in municipal buildings in his 2018 mayoral campaign. This plan of his was dismissed sadly for all Polish cryto enthusiast but now with Bitcoin nearing $100,000, his forward thinking approach has managed to gain a lot of eyes on him.

Global Implications

This proposal by Mentzen aligns globally with international trend, mostly goes parrel to U.S. President-elect Donald Trump’s promise of a strategic Bitcoin reserve. Experts on this field suggest and believe such move might spark a digital war, as nations race amongst each other to secure BTC as a reserve asset, which sounds like a doubled edge sword.

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Kaixin Eyes Crypto Mining Expansion Amid Bitcoin’s All-Time High

Summary: Kaixin which is a Chinese EV making company, it aims to shift from it’s actual core business of automobile and plans on controlling stake in Middle Eastern Cryptocurrency mining facility. This project is severely beneficial for Kaixin from sectors such as cost-effective mining machines and stable energy supplies which perfectly aligns with Kaixin’s expertise in sustainable practices.

Strategic Shift for Kaixin

Kaixin isn’t a rookie name in terms of automobile companies and for which Electric Vehicle Manufacturer to shift from it’s major path and step on to this unventured territory is a big risk, but will it also return back at them with big rewards? The company us in advanced talks to acquire a Middle Eastern mining facility, by showing their sustainable background and it’s super and real easy access to stable energy and cost-efficient Bitcoin mining machines as key advantages.

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Leveraging Expertise in Sustainability

Many people believe that Kaixin took this initiative because it always had expertise in sustainable operations. The company aims to make a good use of it’s expertise while continuing to maintain it’s actual and core focus on automobile excellence.

Riding the Crypto Wave

This move came after Bitcoin hit it’s all time high and is still on a rampage streak, this pushed the global crypto cap beyond $3 trillion. Kaixin’s choice of vividly shifting it’s major focus to crypto must have been an affect of BTC’s recent success. The acquisition timeline remains unclear as evaluations continue.

Thumzup Allocates $1M for Bitcoin Treasury Reserve

Summary: Thumzup which is a Los Angeles-based Media Corporation is taking it’s initial step into the crypto world by allocating up to $1M of its treasury to Bitcoin. Robert Steele who’s the CEO of the said company said Bitcoin’s growing institutional acceptance and it’s recent bullish momentum were taken into great consideration while making this decision.

Thumzup Embraces Bitcoin

A social media marketing firm, Thumzup Media Corporation just recently announced to make their treasury diverse by diving deep into the crypto space. Their initial plan includes purchasing up to $1M in Bitcoin. As CEO himself explained, The inflation resistant and finite supply characteristics of Bitcoin really caught their eyes and the company views it as critical advantage for a long-term store of value.

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A Growing Trend in Treasury Assets

Thumzup isn’t the only particular company to do this, recently larger and larger trend of companies are embracing Bitcoin as a reserve asset more than a liability. Just few days ago Pennsylvania’s Bitcoin Strategic Reserve Act also highlighted the increasing interest in integrating Bitcoin into tradFi as it serves as a valuable asset.

Aligning with a Digital Future

Thumzup now joins the group of cool companies which have integrated crypto into their business or in their firm for long-term profit and now people have started considering these companies as “forward-thinking business”. This move goes hand to hand with rising optimism from figures like Senator Cynthia Lummis, who is a crypto witch and envisioned Bitcoin playing a greater role in financial strategies nationwide.

Michael Saylor Predicts Bitcoin’s Rise to $100K Under Trump’s Pro-Crypto Administration

Summary: Widely known personality in crypto space, Michael Saylor says Bitcoin will hit $100,000 by the end of the year as he believes this run is fueled by President-elect Trump’s pro-crypto rules and the dominant presence of Republican in Congress. Saylor himself has a company which holds a massive number of BTC, to be exact the number is 279,420 and it attributes Bitcoin’s current rally to a great political shift for digital assets.

$100,000 Bitcoin by New Year’s Eve

Michael Saylor is very confident that BTC will hit $100,000 before the end of this year and he very happily says he’ll also organize a celebratory party at his home for this incident. He also strongly disagreed with people who still believe BTC will dip below $60k after this drastic surge by stating that BTC is still on a solid upward trajectory as it hit $93,400 following the U.S.CPI report.

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Political Tailwinds for Crypto

Michael Saylor give complete credit of this insane BTC surge to President-elect Donald Trump and Republican-led Congress. He even goes so far and calls this the “biggest thing for Bitcoin” in years. He doesn’t stay put on present but also predicts a wave of pro-crypto policies and frameworks that will strengthen the digital asset industry.

MicroStrategy Double Down

MicroStrategy with a strong base and strategy for future increased its BTC holdings to 279,420 tokens, investing an absurd additional amount of $2.03 billion. Saylor still remains positive about the bullish momentum of Bitcoin, majorly speaking about its leadership in the ongoing crypto market, which has contributed so much to the lifting of altcoins like Ethereum, Solana and meme coins.

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Prosper Secures Funding from BIT mining for Bitcoin Mining Protocol

Summary: BIT Mining has invested on a Decentralized Bitcoin mining protocol named Prosper. This is done with the aim of advancing its mission to give institutional-grade mining energy and liquidity farming. This isn’t the first investment announced on Nov. 14 but is the second in two weeks. This investment is following backing from Waterdrip Capital. This exciting news has surged the price of Prosper’s native token, PROS by 7%.

Strategic Investment from BIT Mining

BIT Mining has donated a strategic investment to Prosper, which is famously known for giving out hashrate-backed tokens linked to Bitcoin mining power which is truly a positive steps towards better crypto ecosystem. Prosper and its team knows how important this investment is and sees this as a significant endorsement of its vision to bridge Bitcoin mining to blockchain.

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A Growing List of Investors

Prosper got it’s first investment from Waterdrip Capital which is a capital firm in the blockchain space and BIT Mining’s the second investment. This sudden increase of institutional support has surged Prosper’s token, PROS to $0.52 following the most recent investment.

Future Benefits for Token Holders

If we are to look ahead in the distant future, Prosper needs PROS token holders to engage themselves in protocol governance through either voting for BNB Chain or Ethereum. The participants won’t return home empty handed as, those who participate will be eligible for unique and exciting staking rewards, moreover boosting Prosper’s appeal to long-term investors.

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VanEck’s Sigel Projects Bitcoin Price Base Case of $180K for 2025

Briefly, Bitcoin shows no sign of stopping and still continues its strong bullish trend, with experts and analysts strongly expecting further and more gains in upcoming quarters. Matthew Sigel who’s head of digital assets of widely known VanEck shares his point of view of bitcoin having $180,000 base case price in 2025, citing pro-crypto policies and technical indicators, which to us mere mortal seems absurd.

Pro-Crypto Sentiment Boosts Bitcoin Outlook

Since Bitcoin managed to hit all-time high of over $90,000 and an outstanding performance of 115% gain, investors and even crypto enthusiasts have their interest peaked. VanEck’s Sigel in his recent CNBC interview had only positive things to say about current Bitcoin rampage. Sigel not only had positive things to say about this Current raid boss of cryptocurrency i.e. Bitcoin, but he went ahead and stated that he and his firm expects Bitcoin’s price to continue to break all limit with a base projection of $180,000 for 2025.

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Analyst Predictions Mixed Amid Bullish Signals

Even though Bitcoin seems to be on a rampage right now with nothing to stop its advance some analysts are still skeptical and don’t seem to believe the data provided by Polymarket which suggests a 56% chance of bitcoin reaching $100,000. However, Critical Analyst might be somewhat correct because we’ve also covered similar topic of Bitcoin and Ethereum being overbought which could potentially cause a short term decline.

Bitcoin Trading Volume Reaches All-Time High on Retail Demand

In short, After the recent U.S. election results, Bitcoin reached it’s all-time high and hit a record-breaking trading volume of $170 billion as retail interest increased. Following the promises made by Donald Trump to establish a crypto-friendly environment in the United States, retail excitement around bitcoin.

Record Volume and Price Surge

Trading volume of Bitcoin crossed over $145 billion in just past 24 hours, marking an all-time high and exceeding prior peaks seen earlier this year. According to the date provided by Coingecko, Bitcoin’s volume continued to grow and for a short period of time crossed $170 billion as it hit a new price record of $91,900

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Trump’s Win Spurs Retail Interest in Bitcoin

Matrixport analysts attribute the volume spike to increased retail interest following trump’s win, as his pro-crypto stance promises potential shifts in the U.S. regulatory landscape. Trump’s aim include creation of Strategic Bitcoin Reserve, making U.S. “crypto capital” and if possible replacing SEC Chair Gary Gensler.

Public and Institutional Interest Soars

Not only market value of bitcoin rose but also it’s popularity, since google searches for Bitcoin rose to five-year high, up to 78% reflection widespread interest. That’s not all because spot Bitcoin ETFs also saw inflows of over $4.2 billion, helping drive the cryptocurrency’s recent rally. Based on Matrixport’s analysis, retail-driven trading volume could sustain Bitcoin’s momentum for weeks or even months.

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Thailand Busts Illegal Bitcoin Mining Rigs; Charges Two for $280k Electricity Theft

Briefly, Two suspects were arrested by Thai authorities for allegedly stealing over $280,000 in electricity for unauthorized Bitcoin Mining. This arrest mission led to the discovery of nine illegal and unauthorized mining sites in Surat Thani province. This issue showcases a growing problem of unlicensed crypto mining in Thailand.

Details of the Crackdown

The central Investigation Bureau and the Provincial Electricity Authority on Thailand raided nine illegal, unauthorized and unlicensed mining sites after a tip from a local resident about suspicious CCTV cameras. During investigation authorities stumbled upon modified electricity meters used to bypass legal power consumption, saving operators hundreds of thousands of dollars.

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Thailand’s Stance on Crypto Mining

Bitcoin miners are considered manufacturers in Thailand and need to pay tax. However, illegal mining operations have significantly increased, with several busts in 2024 alone. Having said so, Thailand remains to attract crypto business due to its progressive approach to digital assets.

Thailand’s Growing Crypto Appeal

Thailand is globally considered as a top market by Binance, with a mind blowing 12% local crypto penetration rate. Authorities recently launched a Digital Asset Regulatory Sandox to help improve innovation in crypto service, allowing companies to operate under flexible and feasible guidelines aimed at making the country’s digital asset sector strong.

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Crypto Market Sees $650 Million in Liquidations as BTC and ETH Enter Overbought Zone

In short, the crypto market has experienced a steep increase in volatility over the past 24 hours, with total liquidations reaching $650 million. This has caused Bitcoin and Ethereum to reach overbought zone, signaling a potential market cooldown.

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Crypto Liquidations

Liquidations Spike Amid High Volatility

Coinglass provides data that shows the total liquidation have surged 70% in a day, with total amount of $650 million — $366 million in long position and $284 million in short positions. Bitcoin and Ethereum being face of crypto market, among other major cryptocurrencies are showing signs of an overbought market, which may bring forth a cooldown in their recent bull run.

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Bitcoin and Ethereum in Overbought Zone

Bitcoin recently reached all time high of $89,600 with it’s RSI hitting 75, a level that indicates it may be overbought. Ethereum also saw similar activity and reached it’s peak $3,241 before experiencing a gradual decline with it’s RSI standing at 74. This unusual and shocking activity suggests potential short-term volatility.

Market Sentiment and Speculation

After Bitcoin and Ethereum hit their all-time high, Experts are on the side of the bull-run’s sustainability. Cameron Winklevoss believes that this market cycle is being driven by institutional investments rather than retail. On the other hand, CryptoQuant CEO Ki Young Ju warns that the future crypto market may be bearish and overheated for 2025.

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AI Firm Genius Group Chooses Bitcoin as Primary Treasury Asset

In brief, Genius Group which is a Singapore-based AI company has announced that it will accumulate greater portion of its treasury in Bitcoin, investing $120 million initially. This move copies the BTC-focused reserve strategy applied by MicroStrategy, as the AI startup plans to maintain 90% of its treasury value in Bitcoin.

Genius Group Adopts Bitcoin for Treasury Holdings

Genius Group, A Singapore-based AI company has boldly committed itself to Bitcoin as its main treasury asset, announcing an initial purchase of $120 million. As mentioned above, the company has also opened up about its plan to hold 90% of its treasure in Bitcoin, with an initial acquisition of 1,380 BTC. After the announcement, Genius Group’s GNS shares jumped by 50% in pre-market trading, later stabilizing above previous levels.

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Inspired by MicroStrategy’s BTC Strategy

Genius Group doesn’t try anything bold or new but simply follows the footsteps of already running companies like MicroStrategy, Tokyo’s Metaplanet and Semler Scientific, each of which company holds over 1,000 BTC. Genius Group, Inspired BY MicroStrategy’s Bitcoin-first strategy aims to leverage BTC as a key financial asset to drive a sustainable shareholder value.

New Board Reflects Crypto and Blockchain Focus

The Strategy followed by Genius Group comes at a perfect time as Bitcoin in on it’s all time high and investors have their interest drawn towards cryptocurrency. Genius Group’s Bitcoin strategy comes amid a shake-up in it’s executive team, adding crypto-savvy members to it’s board. This change goes hand on hand with the growing interest of the firm’s in blockchain and web3 technology. The initiative has positioned it as one of the first NYSE American-listed companies to fully embrace a Bitcoin-first approach for its treasury.

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