All articles tagged with #bitcoin
Bitcoin dominates as a store of value with a multi-trillion market cap, while XRP trades around $1.36 and would need massive adoption and capital inflows to catch up. Its realistic path to significance is as a global payments and settlement network—driving cross-border transfers and tokenization—rather than directly dethroning Bitcoin as the market's top asset.
The United States is committing about $2 billion to back quantum‑computing firms, signaling a push to accelerate quantum development and post‑quantum cryptography as debates over Bitcoin security intensify.
SpaceX disclosed in its IPO filing that it holds 18,712 bitcoin, with a fair value near $1.29 billion, as the company pursues an IPO valued at over $1.5 trillion.
Iran’s Economy Ministry is promoting Hormuz Safe, a Bitcoin-settled maritime insurance platform for cargo moving through the Strait of Hormuz, with a claimed potential to generate over $10 billion; however analysts warn the plan faces sanctions, liquidity, and legal hurdles and may only work in niche, sanctioned trades if at all.
Zcash, a decade-old privacy-focused token, has surged in crypto circles as investors prize its shielded transactions amid rising concerns about surveillance and data privacy; momentum comes from high-profile endorsers, institutional interest, and the launch of a US spot Zcash ETF, with ZEC rising about 50% in a month while Bitcoin remains range-bound.
A sudden 1,000% surge in a leading cryptocurrency has drawn billionaire bets on a surprise pivot that could lift the crypto market to about $1.6 trillion, a move critics compare to Bitcoin's breakout in 2013.
Strategy, Inc. chairman Michael Saylor said the firm would replenish any bitcoin it sells with 10 to 20 more BTC, aiming to be a net accumulator even if occasional bitcoin sales fund STRC dividends; the company holds about 818,334 BTC worth roughly $66.2 billion and could pause sales if it’s more accretive to shareholders, with JPMorgan analysts predicting BTC purchases could reach about $30 billion this year if the pace continues. The block also notes strength in Strategy’s software/AI business, and the stock rose on the news.
MicroStrategy says it will move beyond its long-time 'never sell' stance and actively manage its $61.81B Bitcoin stash (818,334 BTC, about 4% of the supply) to boost bitcoin per share, including selling BTC to raise dollars or to buy debt if accretive. The company funds purchases via equity and debt and now maintains a $2.25B USD reserve to cover dividends on preferred stock and interest on debt. It posted a $12.5B net loss in Q1 as Bitcoin’s price slump weighed on results, and executives say the goal is to increase bitcoin per share with a BTC yield around 9% year-to-date.
Bitcoin climbs toward $80,000 while oil prices slide as Trump’s Project Freedom aims to escort ships through the Strait of Hormuz, prompting CENTCOM to deploy 15,000 troops and over 100 aircraft; Iran warns any interference would violate the ceasefire, shaping a risk-on mood across crypto and energy markets.
Bitcoin’s recovery remains capped in the roughly $80,400–$82,000 zone by a cluster of sizable sell walls (about $3.3 million each), a CME gap, and nearby technical resistance, while the UAE’s exit from OPEC adds oil-market volatility rather than immediate supply relief. Analysts expect BTC to stay in a $74,000–$82,000 range near-term, needing oil de-escalation or a Fed pivot for a sustained breakout.
The article explains how Michael Saylor used a preferred-stock financing strategy to raise capital for MicroStrategy’s Bitcoin purchases, effectively turning equity instruments into cash to buy BTC and amass one of the largest corporate crypto treasuries, illustrating a high‑stakes approach to backing crypto investments with corporate financing.
Independent researcher Giancarlo Lelli used a publicly accessible quantum computer to derive a 15-bit elliptic-curve private key, in what Project Eleven calls the largest quantum attack on elliptic-curve cryptography to date; Lelli was awarded a 1 BTC bounty under Project Eleven's Q-Day program. The result, while noteworthy, operates far below the 256-bit security used by Bitcoin and shouldn't be considered a threat to real-world crypto yet. It follows a 6-bit break demonstrated in 2025 by Steve Tippeconnic on IBM's 133-qubit quantum computer, which Project Eleven says Lelli's 15-bit result expands by a factor of 512. Project Eleven argues the gap from 15-bit to 256-bit keys is shrinking as an engineering challenge, while security experts remain divided on how quickly quantum hardware could scale. The article also notes about 6.9 million bitcoin wallets have visible on-chain public keys, highlighting urgency for migration to post-quantum cryptography.
Tennessee signed House Bill 2505, making it illegal to own or operate Bitcoin and other crypto ATMs, with violations classified as a Class A misdemeanor. The ban, set to take effect July 1, 2026, makes Tennessee the second state after Indiana to outlaw these kiosks. There are about 651 crypto ATMs in the state, many clustered around Nashville, and supporters say the move aims to curb scams targeting seniors.
Trump publicly vowed to fire Fed Chair Jerome Powell as his term ends, a confrontation that coincides with Bitcoin approaching $75,000 and a looming Fed leadership transition that could influence risk assets, with Warsh’s nomination adding to the policy backdrop and markets pricing slim odds of near-term rate cuts.
The New York Times reports that British cryptographer Adam Back is the strongest publicly identified candidate for Satoshi Nakamoto after examining emails and stylistic cues, but the case remains circumstantial and Back denies being the Bitcoin creator.