Crypto News
KULR Does Not Cool Down: Acquires $21 Million Worth of Bitcoin
KULR, a company adopting a bitcoin-first strategy, has recently acquired $21 million worth of BTC as part of its accumulation program. The company aims to allocate 90% of its free cash reserves to bitcoin. KULR Kicks Off 2025 by Buying Bitcoin KULR, an energy management services company, has started 2025 by filling its bitcoin coffers.Source link
Bitcoin Mining Profitability Rose in December for Second Month in a Row: JPMorgan
Bitcoin (BTC) miners' daily revenue and gross profit rose for the second consecutive month in December, hitting the highest levels since April, JPMorgan (JPM) said in a research report on Monday.Mining profitability increased as the rally in the world's largest cryptocurrency continued to outpace network hashrate growth, the bank noted.JPMorgan estimated that bitcoin miners earned an average of $57,100 per exahash per second (EH/s) in daily block reward revenue last month, 10% more than in November.Still, "daily revenue and gross profit per EH/s is still 43% and 52% below pre-halving levels, respectively," analysts Reginald Smith and Charles Pearce wrote.The network hashrate grew by 6% in December to an average of 779 EH/s, the report said. Hashrate refers to the total...
Ripple Sees UAE Driving Global Crypto Adoption – 2025 Looks Huge
Ripple says the UAE is spearheading global crypto adoption, with innovative regulations and stablecoin growth positioning the region as a hub for digital assets in 2025. Ripple Champions UAE’s Crypto Dominance – Digital Assets Set to Explode Ripple’s Middle East and Africa Managing Director, Reece Merrick, has highlighted the company’s ongoing commitment to fostering theSource link
FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe
FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX employees.FTX EU, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), cost Backpack $32.7 million, the exchange said.Backpack’s new European arm will offer a full suite of crypto derivatives throughout the EU, starting out by capitalizing on its position as the only regulated perpetual futures provider across Europe, according to Armani Ferrante, CEO of Backpack Exchange.A number of crypto trading firms have applied for a MiFID license, which allows firms to also offer crypto-asset services under Europe’s new Markets in Crypto Assets (MiCA) regime, once a...
Robert Kiyosaki Says Buy More Bitcoin – Explains Reason Behind His Bullish $350K BTC Call
Robert Kiyosaki’s bullish $350K bitcoin forecast comes with warnings of a massive market crash, urging investors to secure bitcoin before prices lock out the middle class. Bitcoin to $350K? Bullish Kiyosaki Says Buy More Before It’s Too Late Robert Kiyosaki, the renowned author of the best-selling personal finance book Rich Dad Poor Dad, continues toSource link