Bitcoin In Consolidation Amid Treasury Companies’ Focus On Altcoins, Says Nov...
Speaking during an episode of CNBC’s Squawk Box yesterday, Mike Novogratz, CEO of asset management firm Galaxy Digital, said that Bitcoin (BTC) is currently in a consolidation phase as treasury firms are steadily warming up to the idea of adding altcoins to their balance sheets. Novogratz Suggests Altcoin Stealing Light From Bitcoin Bitcoin is currently […]
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Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury. Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X […]
With the U.S. Treasury recently indicating that bitcoin and altcoins aren’t used for significant illicit activity, it’s time to change the narrative.
Bitwala, a crypto-to-SEPA service that allows fiat currency transfers towards settlements from users who pay in cryptocurrency, has been less than impressed by the public’s response to altcoins after embracing altcoins. While it plans to continue to support altcoins, Bitwala is planning to focus more on bitcoin, according to a recent blog posted on its website. The company has asked for input on whether people agree with this change in focus. The blog is titled, “Everybody is excited about altcoins, but nobody is using them.” A Promising Partnership. In July, Bitwala announced a....
More firms are turning to $BTC to bolster their financial stances. As a consequence, it has spurred corporate Bitcoin treasury adoption to hit a jaw-dropping 1M $BTC worth $111B+. This is wonderful news for the broader crypto world; mainstream adoption goes beyond validating $BTC’s role as a reserve asset and uplifts market confidence in other […]