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David Beckham-backed Prenetics ditches bitcoin purchase

Prenetics, a health technology company backed by David Beckham, has decided to abandon its plans to purchase Bitcoin. The company's CEO, Danny Yeung, cited the volatility and regulatory uncertainties surrounding cryptocurrencies as key reasons for this decision. Prenetics had initially intended to integrate Bitcoin into its business model but has now shifted focus to more stable financial strategies. This move reflects a broader trend among companies reassessing their involvement in the cryptocurrency market amid fluctuating prices and increased scrutiny from regulators.

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Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

The crypto market bill is set to advance to the Senate Agriculture Committee for markup, despite delays in the Banking Committee's review process. This legislation aims to establish a regulatory framework for digital assets, addressing concerns over oversight and investor protection. The bill's progress reflects a

New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

New Bitcoin whales, or large holders, have emerged, significantly increasing their holdings and outpacing established investors in a competitive $6 billion supply battle. These new entrants have accumulated over 200,000 BTC since the beginning of 2023, indicating a shift in market dynamics. Meanwhile, older Bitcoin holders have been selling

New research projects U.S. inflation resurgence, challenging bitcoin bulls' disinflation bets

New research indicates a potential resurgence of inflation in the U.S., which could undermine the optimistic disinflation expectations held by Bitcoin proponents. Analysts suggest that rising inflation may lead to increased volatility in the cryptocurrency market, impacting Bitcoin's appeal as a hedge against inflation. The findings highlight

Bitcoin, DeFi and Tokenized Assets to Drive Crypto’s Next Phase, ARK Says

ARK Invest predicts that Bitcoin, decentralized finance (DeFi), and tokenized assets will be pivotal in driving the next phase of the cryptocurrency market. The firm emphasizes that Bitcoin's role as a digital gold and a hedge against inflation will continue to attract institutional interest. Additionally, ARK highlights the

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Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

New research projects U.S. inflation resurgence, challenging bitcoin bulls' disinflation bets

Bitcoin, DeFi and Tokenized Assets to Drive Crypto’s Next Phase, ARK Says