➀ Bitcoin reached a new milestone at $100,000 per coin; ➁ The increase is attributed to Donald Trump's election victory and potential integration of Bitcoin into the US national reserve; ➂ Bitcoin's all-time high was $104,000, marking a 125% gain since January.
Recent #Cryptocurrency news in the semiconductor industry
➀ Bitcoin has reached a new milestone, nearing the $100,000 mark after a significant price rally from $80,000 to $90,000; ➁ The rise has been linked to the election of President Trump, with a 30% increase since he was elected; ➂ The price of Bitcoin isn't the only cryptocurrency-related thing rising in value, as shares of the cryptocurrency exchange Coinbase increased by approximately 75%.
➀ A man identified as the creator of Bitcoin denies his involvement; ➁ HBO's documentary suggests Peter Todd as the creator; ➂ The accused believes the documentary is a marketing ploy.
1. A $2.4 million Texas property with no bedrooms but a 5786 sq ft built-in data center; 2. The data center features a full liquid cooling immersion system; 3. The property was previously used as a crypto mining base and is now being marketed for AI services, cloud hosting, traditional data centers, servers, or Bitcoin mining.
➀ KiviCore and CAST have released a new post-quantum cryptographic IP core, the KiviPQC™-KEM ML-KEM Key Encapsulation IP Core;
➁ This enables quantum-safe key exchange between two communicating parties;
➂ The technology is aimed at enhancing the security of cryptographic solutions in the face of quantum computing threats.
1. BITO has underperformed Bitcoin significantly due to structural issues like contango, high expense ratios, and tax burdens. 2. BITO tracks Bitcoin futures, not spot prices, leading to inefficiencies and higher costs compared to spot ETFs. 3. Despite favorable political and economic factors for Bitcoin, technical indicators suggest potential volatility, making it uncertain for BITO's future performance.
1. Bitcoin dipped below $80,000 due to risk-off moves and Trump's tariff threats; 2. Investors are moving towards safer assets; 3. Bitcoin could lose all gains from the post-election rally if risk-off sentiment continues.
1. In October, the author recommended a 'long Bitcoin, short MicroStrategy' trade due to MSTR's high NAV premium and reduced borrowing capacity. 2. Since then, Bitcoin has increased by 21%, while MSTR has mostly been flat, validating the trade idea. 3. However, MSTR's NAV premium has significantly shrunk, and the company's recent convertible issuance indicates a strong interest in zero-cost convertible bonds, suggesting it's time to close the trade.
1. Elon Musk's DOGE initiative is impacting the government and could boost dividend stocks; 2. Discusses the potential 'DOGE dividend' for investors; 3. Shares 5 stocks poised to benefit from the initiative.
1. Coinbase's FY 2024 earnings report showed a 115% YoY revenue increase, but the stock dropped 13% due to market conditions and competition concerns; 2. Robinhood's acquisition of Bitstamp and its 700% crypto revenue jump makes it a strong competitor to Coinbase; 3. Both stocks fell recently despite Bitcoin's rise, influenced by broader economic concerns; 4. Current price dips in Coinbase might be a buying opportunity due to its rising efficiency and potential fee structure rationalization.
1. Coinbase is expected to exceed Wall Street revenue estimates by 26% and EPS estimates by 407% for Q4 2024. 2. Consumer volumes surged in Q4 2024, supported by institutional adoption and diversified revenue streams. 3. FASB accounting changes are expected to boost profits by an additional ~$600M. 4. Coinbase's anticipated inclusion in the S&P 500 in March will trigger significant buying from ETFs and mutual funds, driving at least $2.5 billion in demand.
1. Cryptocurrencies surged in 2024, with Bitcoin gaining 121% due to favorable regulations and Trump's election, driving smart money into Bitcoin-related stocks like Riot Platforms. 2. Riot Platforms significantly expanded its mining capacity, achieving a 155% YoY increase in hash rate, making it the fastest-growing Bitcoin miner globally. 3. Riot's strategy includes acquiring ready-to-run mining sites and diversifying energy sources, reducing reliance on Texas and benefiting from Kentucky's energy-saving programs.
1. Despite recent volatility, the iShares Bitcoin ETF has outperformed the S&P 500, showcasing crypto's resilience and potential for future gains. 2. Regulatory changes and a crypto-friendly SEC leadership could enhance Bitcoin ETF efficiency, making IBIT more appealing and reducing costs for investors. 3. Short-term volatility persists, but demand-supply dynamics and miners' HODLing behavior support a bullish outlook for Bitcoin and IBIT by 2025.
➀ Bitcoin has reached and surpassed the $100,000 mark, marking a significant increase in value since the beginning of the year; ➁ The surge is attributed to President Trump's support for crypto and his appointment of Elon Musk to lead a new initiative; ➂ The nomination of Paul Atkins to chair the SEC is seen as a potential deregulation move, further boosting Bitcoin's value.
1. Bitcoin's price surged above $100,000 following the U.S. election, driven by political support and institutional interest. 2. Analysts debate the true nature of Bitcoin's decentralization and its role as a store of value. 3. The article discusses the potential for widespread corporate adoption and the speculative nature of the market.
1. The S&P 500 and the Nasdaq Composite both gained 1.7% this week; 2. Bitcoin approached the $100K milestone; 3. Nvidia's quarterly revenue nearly doubled Y/Y, but the stock fell after hours due to lower-than-expected current quarter revenue outlook.
1. The major US stock indices had a mixed performance this week; 2. US CPI data matched October forecasts, with the 10-year yield falling; 3. Bitcoin reached a new record high; 4. Geopolitical tensions in the Middle East affect global oil supply chain.
➀ Larry Dean Harmon, the operator of a darknet-based Bitcoin laundering service called Helix, has been sentenced to three years in prison and ordered to forfeit $400 million. ➁ The service, popular among online drug dealers, processed approximately 354,468 bitcoins. ➂ Harmon's sentencing was considered lenient due to his cooperation and guilty plea.
1. Bitcoin and Ethereum have significantly diverged in performance since mid-summer; 2. Ethereum lost most of its gains while Bitcoin continued to rally; 3. The Bitcoin to Ethereum ratio has widened to nearly 27, indicating Bitcoin's recent dominance.
1. MARA Holdings' shift to Kaspa mining has not led to sustained profitability due to increased mining difficulty and a 25% drop in KAS price; 2. Bitcoin mining remains challenging with profitability near historic lows; 3. MARA's strategy of borrowing to buy Bitcoin has increased its BTC holdings but at higher interest rates than competitors.
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