Genius Group, a company that operates a bitcoin and artificial intelligence (AI) dual treasury strategy alongside its core education business, plans to acquire $827 million in bitcoin treasury and $800 million in AI treasury by its fiscal year 2031, the firm said in a Thursday...
Bitcoin climbed above $80,000 this week for the first time since May, with renewed demand from institutional investors and improving interest from retail investors, Bloomberg reported Thursday (Aug. 27). The report attributed Bitcoin’s recovery to a “brighter mood” in speculative markets, a retail appetite for risk that...
Retail and supermarket chain Kroger expanded its Fold Bitcoin Gift Card offering after completing a successful seasonal pilot, Fold Holdings said in a Wednesday (Aug. 19) press release. The Fold Bitcoin Gift Card is available as a physical or digital card and enables buyers to...
After months of selling bitcoin, large holders have bought about 43,000 of the coins over the past 60 days, Bloomberg reported Tuesday (Aug. 18), citing data from CryptoQuant. Those coins are worth about $2.75 billion at current prices, according to the report. The so-called bitcoin whales, together with dolphins who...
As bitcoin lost about half its value since its October peak, the value of many of the digital asset treasury companies that emerged during the digital asset boom fell even more, Bloomberg reported Friday (June 5). Since October, the combined market value of fully diluted bitcoin...
Kalshi plans to expand beyond prediction markets and enter the crypto market by adding perpetual futures on bitcoin and other crypto tokens in the United States, The Information reported Tuesday (April 21), citing unnamed sources. Crypto perpetuals, which are futures contracts that enable leveraged bets on crypto prices...
Cryptocurrency adoption in the U.S. is reportedly enjoying a cautious recovery. That’s according to a report Monday (April 20) by CoinDesk, citing a survey by Deutsche Bank showing that U.S. participation rose among retail users from 7% to 12% between February and March. Adoption has...
Bitcoin is on pace for the fourth annual loss in the largest cryptocurrency’s history. As Bloomberg News noted in a report on the downturn Wednesday (Dec. 17), this is the first yearly decline that is not accompanied by an industry meltdown or high-profile scandal. This...
The price of Bitcoin rose above $90,000 for the first time in about a week, recovering after a month-long selloff, Bloomberg reported Wednesday (Nov. 26). Bitcoin exchange-traded funds (ETFs) also saw a turnaround, with inflows of $130 million on Tuesday (Nov. 25) after an outflow...