Crypto & Tech Press Releases | Official News & Announcements

Press Release

El Salvador Secures $1.6 Billion to Kickstart Bitcoin City Plan

August 14, 2024 CoinPulseHQ Editorial

[ad_1] El Salvador has secured a landmark $1.6 billion investment from Turkey’s Yilport Holding to propel its Bitcoin City project. President Nayib Bukele announced this strategic partnership, which will modernize two critical seaports in the country. Additionally, it will provide the necessary infrastructure for the ambitious project. $1.6 Billion Investment to Modernize Ports, Kickstart Bitcoin […]

Press Release

New Bitcoin Investors Are in Severe Stress, According to Bitfinex

August 13, 2024 CoinPulseHQ Editorial

[ad_1] The current market condition has put many new Bitcoin investors under financial stress. This is evident in several metrics that indicate a bearish environment and highlight factors that can intensify market volatility, increase selling pressure, and lead to further price declines. According to a Bitfinex Alpha report, metrics like the Short-Term Holder MVRV (Market […]

Press Release

Bitcoin Whales Load Their Bags: $1.7 Billion In BTC Flow Out Of Exchanges

August 13, 2024 CoinPulseHQ Editorial

[ad_1] The price of Bitcoin — and the general market — started the week with one of the largest declines they have seen in 2024. While this broad market downturn resulted in widespread fear and panic amongst crypto enthusiasts, it appears that many investors took the opportunity to amass more digital assets at low prices. […]

Press Release

Marathon Digital to Raise $250 Million for Purchasing More Bitcoin

August 12, 2024 CoinPulseHQ Editorial

[ad_1] On August 12, Marathon Digital Holdings announced a $250 million fundraising effort by issuing convertible senior notes. The company plans to use the proceeds to expand its Bitcoin holdings, signaling its continued commitment to cryptocurrency investment. Stock Market Response Lukewarm as Marathon Digital Unveils Bold Bitcoin Strategy In its official statement, the Nevada-based Bitcoin […]

Press Release

These Are the Leading Cryptocurrencies With the Most Profitable Holders: Details

August 12, 2024 CoinPulseHQ Editorial

[ad_1] TL;DR Tron (TRX) leads with 87% of investors currently in profit. Cardano (ADA) is on the opposite side, with most of its holders underwater. Bitcoin (BTC) is Among the Leaders The enhanced volatility of the cryptocurrency market has significantly affected investors in different digital assets. At the start of the week, prices were plummeting, […]

Press Release

Morgan Stanley Faces Heightened Regulatory Risks Following Bitcoin ETF Offer

August 11, 2024 CoinPulseHQ Editorial

[ad_1] Former SEC Chief of Internet Enforcement John Reed Stark has stated that Morgan Stanley’s latest move to introduce a wide-scale offer of Bitcoin exchange-traded funds (ETFs) to its clientele will likely result in higher regulatory scrutiny for the American bank. This development comes amidst several commendations of Morgan Stanley from the crypto community in […]

Press Release

Santa Monica Launches Bitcoin Office to Boost Local Economy

August 11, 2024 CoinPulseHQ Editorial

[ad_1] Santa Monica, California, is making a significant push into the crypto industry with the launch of a dedicated Bitcoin office and plans for a Bitcoin festival by October. The City Council approved the Bitcoin Office on July 11, 2024, and its website went live on August 8, 2024. Santa Monica Positions Itself as Bitcoin […]

Press Release

Analyst Who Predicted Bitcoin Crash To $54,500 Reveals Where Price Is Headed Next

August 10, 2024 CoinPulseHQ Editorial

[ad_1] Not many in the industry anticipated the Bitcoin crash last week or how far it will eventually go. However, crypto analyst Ali Martinez is one of the analysts who expected another crash, and had seemingly managed to predict where the price would eventually bottom. Following his correct prediction, Martinez has now revealed where he […]

Press Release

Bitcoin Could Hit Record High If This Happens in the US: Grayscale

August 9, 2024 CoinPulseHQ Editorial

[ad_1] According to Grayscale Research, Bitcoin might revisit its all-time high later this year if the U.S. economy avoids a recession. This optimistic outlook follows a period of stabilization in both crypto assets and broader financial markets, which had faced sharp declines from Friday, August 2, through Monday, August 5. Grayscale Predicts Bitcoin Rally In […]

Press Release

Here’s How Much Michael Saylor’s Personal Bitcoin Stash Is Now Worth

August 9, 2024 CoinPulseHQ Editorial

[ad_1] With Bitcoin (BTC) witnessing new gains as its price recovers from bearish trends, Michael Saylor, co-founder and former Chief Executive Officer (CEO) of MicroStrategy, is reaping the benefits. Saylor has been a vocal supporter and investor of Bitcoin for years. As the value of the cryptocurrency surges, so does his considerable BTC stash. How […]