HELL’S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell’s Gate National Park. The mine, tucked away on the edge of Lake Naivasha, is operated by a startup called Gridless and consists of a single 500-kilowatt … Read more
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images MicroStrategy founder and bitcoin evangelist Michael Saylor entered into a stock-sale plan with his company last summer that allowed him … Read more
Omar Marques | Lightrocket | Getty Images Bitcoin rose above $64,000 on Friday, rebounding from a drop below the $60,000 mark, as the cryptocurrency continues to experience volatility ahead of the upcoming halving event. The price of bitcoin was $64,739.04 at around 6:15 a.m. ET, according to CoinDesk data, up more than 5% from 24 … Read more
The bitcoin “halving” is almost upon us. This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market. Since there will ever only be 21 million bitcoins, the halving … Read more
Jakub Porzycki | Nurphoto | Getty Images Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Bitcoin was trading around 3% higher at 7:11 a.m. ET after a rough sell-off over the weekend. Three … Read more
Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to George Milling-Stanley, one of the world’s experts in gold and the chief gold strategist at State Street Global Advisors. “One of the reasons I own gold bar(s) is that I believe it offers me some … Read more
Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June. Yu Chun Christopher Wong | S3studio | Getty Images Just a few years ago, the Bitcoin halving was something celebrated by only the earliest cryptocurrency lovers, who swore by it as a core feature of a revolutionary, anti-establishment … Read more
A bowl of kimchi, a fermented vegetable side dish that is a staple in all Korean meals Kitzcorner | Getty Images You may have heard of the “Korea discount” in South Korea’s stock markets. Now, get ready for the “kimchi premium,” named after the popular side dish of fermented vegetables that’s a staple in Korean … Read more
A bitcoin is on a screen showing the Bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Bitcoin fell for a second day to start the new month and quarter, amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 6% on Tuesday to $65,150.00, bringing its … Read more
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. “Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin is the king. … Read more
