While the exact fees are confidential, both companies have promised more competitive rates than the usual 2% management and 20% performance fees in traditional hedge funds.
As a result of the evolving political landscape, US-based miners are seeking alternatives to Bitmain.
Bitcoin has made a comeback, especially after falling below $50,000 in the first week of August.
The anticipated US interest rate cut in September will rejuvenate Bitcoin bulls after more than five months of choppy consolidation below $72K.
Analysts draw parallels to previous instances where similar surges in miner reserves preceded sharp price declines.
The Fed’s FOMC minutes on Wednesday signaled a high chance of interest rate cut next month, which is considered bullish for Bitcoin and the entire crypto market.
Robert Kiyosaki tells investors to purchase gold, silver, and Bitcoin amid growing debt in the US.
Stronghold’s stock has plummeted by almost 60% this year, Riot decreased by 48%, and Bitfarms plunged by 19%.
Bitcoin bears need to be careful moving forward as the derivatives data highlights the chance of Bitcoin Short squeeze that can trigger sharp rallies in the world’s largest crypto asset.
80,000 civil servants in El Salvador are set to benefit from Bitcoin training through a program run by the country’s Bitcoin Office.
The recent Bitcoin transfers have had an immediate impact on the market, with BTC price dropping to around $59,600, marking a decline of over 2% in the past 24 hours.
The price of Bitcoin, Solana and XRP are in recovery mode with crowd sentiment changing and ETF product shifting investor interest.
The top stablecoins issuers have significantly heightened their minting process, thus increasing the overall purchasing power for Bitcoin and other crypto assets.
Bitcoin miner crisis and capitulation seen in the past three months seems to be over, per key metric that track’s the sector’s health.
Metaplanet initially secured a 1 billion yen loan to continue its Bitcoin acquisition spree and has now hit its investment target for that loan.