Video sharing platform Rumble announced a significant investment in Bitcoin by purchasing 188 BTC for $17.1 million. The move aligns with the company's strategy to embrace Bitcoin as a treasury asset and protect against inflation. CEO Pavlovski highlighted Bitcoin's potential to provide valuable protection against inflation compared to fiat currencies. Rumble stated that future Bitcoin purchases will depend on market conditions, BTC price fluctuations, and the company's cash flow requirements. This investment follows Tether's acquisition of a $775 million stake in Rumble, showcasing the growing intersection between the video sharing platform and the crypto sector.
Bolivya'nın devlet enerji şirketi YPFB, Merkez Bankası'nın Bitcoin yasağını kaldırmasına rağmen enerji ithalatı ödemelerini kripto paralarla yapacak. Bu, Bolivya'nın, benzer adımların atıldığı Arjantin ve Venezuela'daki devlet enerji firmalarının ardından kripto sektörüne girişini işaret ediyor.
According to the latest development, Eleanor Terrett, one of the journalists covering the XRP case, reported that the Ripple vs. SEC case could soon be concluded as negotiations continue.
South Korea is shaping cryptocurrency regulations, planning to allow corporate investments in cryptocurrencies by the third quarter of this year. The Financial Services Commission aims to introduce comprehensive guidelines for institutional crypto investments. This includes implementing anti-money laundering measures for banks and crypto exchanges, preparing for the gradual lifting of the ban on corporate investments in cryptocurrencies announced in January.
The US imposing new 25% tariffs on steel and aluminum imports has increased global trade tensions, keeping market sensitivity fragile. EU retaliates with tariffs on US goods, escalating trade war. VIX index spikes, signaling market uncertainty. SEC delays decisions on crypto ETFs.
This week, critical U.S. ***CPI and PPI*** data is awaited in the Bitcoin and altcoin market, with focus on ***Bitcoin, Starknet, Ethereum, Tether, GROK, and Circle*** based on social media interactions according to Santiment.
Sony and LINE announce a strategic blockchain partnership to bring four game applications from LINE's platform to Sony's blockchain network Soneium. This collaboration aims to integrate Web3 gaming experiences seamlessly into daily applications, bridging the gap between traditional digital platforms and Web3 innovations.
Bitcoin and altcoins are experiencing significant losses due to a prolonged downward trend. Analysts point to wider market weakness as the reason behind the recent downturn. Market uncertainty remains high pending the upcoming FED interest rate decision, with potential impacts on digital assets.