bitcoin | CRYPTO WORLD NETWORK NEWS

Companies now own more than $100 billion in bitcoin

October 27, 2025October 24, 2025 CRYPTO WORLD

One American company called Strategy owns more than 3% of all bitcoin in existence. Its executive chairman, Michael Saylor, is the pioneer of a new business model where publicly listed companies buy cryptocurrency assets to hold on their balance sheet. Strategy, formerly called MicroStrategy, first bought US$250 million (£187 million) worth of bitcoin in mid-2020 during the depths of the COVID economic slump. As it continued to buy bitcoin, its share price soared, and it kept buying. As of October 2025, Strategy held 640,418 bitcoin, worth around $70 billion. In…

Risk-heavy bitcoin falls while gold soars

October 23, 2025October 20, 2025 CRYPTO WORLD

Investors shun crypto volatility while favoring safe-haven assets amid global trade tensions Gold is soaring, largely driven by investors flocking to safe-haven assets, while risk-filled bitcoin is taking a dive, market watchers said Monday. The precious metal is expected to continue its monthslong record-breaking rally, unlike cryptocurrencies, which are expected to tank to $70,000 amid a cyclical downturn. “Investors are turning to traditional safe-haven assets, prodded by global trade tensions and heightened geopolitical risks,” Standard Chartered Korea strategist Hong Dong-hee said. “Months of uncertainties involving U.S.-China trade relations have driven…

How retail holders paid for corporate ‘innovation’

October 21, 2025October 20, 2025 CRYPTO WORLD

Who bore the brunt of the Bitcoin DAT bubble burst? Retail investors, who lost an estimated $17 billion after buying shares in MSTR, Metaplanet, and other Bitcoin DAT firms at inflated prices. What’s the broader impact on BTC treasuries? Overvalued DATs labeled as “bubbles” have begun to burst, putting Bitcoin’s institutional credibility at risk. On paper, more and more companies adding Bitcoin [BTC] to their treasuries looks like a big win for investors, showing that BTC is being taken seriously as a “store of value” by institutions. As evidence, Bitwise…

Bitcoin Miners’ Market Cap Soared in September to Record High

October 3, 2025October 2, 2025 CRYPTO WORLD

The market cap of Bitcoin miners soared in September as firms in the space benefited from pivots to high-powered computing that feeds the burgeoning artificial intelligence sector, according to a report from JP Morgan. Analysts at the banking giant highlighted the surge in a Wednesday report, noting that the combined value of the 14 top publicly traded miners it tracks passed $50 billion for the first time ever. Top mining stocks this week have jumped in value with the price of the leading cryptocurrency, too, with Mara, Riot, and CleanSpark…

Venezuelans Trade $60 Million in BTC in 2019

March 12, 2019March 16, 2019 CRYPTO WORLD

Bitcoin (BTC) trading volumes on LocalBitcoins, a leading peer-to-peer (P2P) cryptocurrency exchange, have increased significantly in countries suffering from political and economic uncertainty. Since the beginning of this year (January 1st, 2019), 160 billion bolivars (appr. $63 million) worth of bitcoins have been traded on LocalBitcoins by Venezuela’s citizens. In the past week, a record 25.16 billion bolivars in BTC were transacted via LocalBitcoins by Venezuelan residents. In the past year, bitcoin trading volume in Venezuela through LocalBitcoins has been increasing steadily and has now reached an average of 2,000…

20% of Bitcoin’s daily trading volume generated by a single project

January 11, 2019February 7, 2019 CRYPTO WORLD

According to the recent research published by Forbes Crypto, about 20% of all Bitcoin transactions are generated by a project called VeriBlock. It is developed on top of Bitcoin blockchain with the aim to provide a more secure alternative to existing cryptocurrency networks. VeriBlock is based on proof-of-proof (PoP) concept that functions as a supplemental consensus mechanism for blockchains integrated with VeriBlock. Basically, it allows minor altcoin projects to avoid security issues related to low hash rate and relatively low reward for mining. Low hash rate may lead double spend…

The First Bitcoin Block Was Mined 10 Years Ago Today

January 3, 2019February 7, 2019 CRYPTO WORLD

Bitcoin’s Genesis block, which was mined on January 3, 2009, at 18:15:05 UTC, is now 10 years old. The Bitcoin Network Turns 10 The marking of the 10th anniversary of Bitcoin’s block 0 is, however, not to be confused with the Bitcoin whitepaper’s 10th birthday which was commemorated last year on October 31 in remembrance of the day the whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was released. As CCN reported earlier, Seychelles-based bitcoin exchange, BitMEX, has marked the day by placing an ad on the front page of…

Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

December 23, 2018February 7, 2019 CRYPTO WORLD

All of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Ripple (XRP) — the second largest cryptocurrency by market capitalization — has gained over five percent on…