Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more

Bitcoin (BTC) spiked through $31,000 on June 30 as a near $6 billion open interest expiry loomed.BTC/USD 1-hour chart. Source: TradingViewOptions expiry precedes day of BTC price triggersData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $31,268 on Bitstamp before returning lower.BTC price performance improved into a key quarterly options expiry…

The draft bill intends to allow property owners to pay mortgages with crypto and authorize the real estate sector to use their own crypto for mortgage purchases in Spain. 49 Total views 2 Total shares Spanish lawmakers are backing a new legal initiative to legitimize the cryptocurrency and blockchain industry by proposing a new bill…

Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to the $18,370 peak on Dec. 14.Curiously, Bitcoin dropped 3.8% in seven days, compared to the S&P 500 Index's 3.5% decline in the…

One-quarter of asset managers and hedge funds in the US and Europe have recruited senior executives to oversee digital asset strategies, according to a recent report. 167 Total views 8 Total shares Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe

Ether's price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers.

The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1.

New Zealand-based blockchain industry group BlockchainNZ announced that it will request a national blockchain strategy from the government next Thursday, according to a press release on May 21.The executive director of Blockchain NZ, Mark Pascall, will give a presentation to the New Zealand parliament’s economic development, science and innovation select committee hearing on the potential…

A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency's move downhill prompted many analysts, including Luno exchange's Vijay Nayyar and Kinetic Capital's Jehan Chu, to predict a further depressive move below $25,000, Anthony Pompliano offered a contrasting bullish outlook.The Morgan Creek Digital Assets…

London Stock Exchange-listed mining firm Argo Blockchain has broken its own records for Bitcoin (BTC) mining, seemingly escaping the adverse impact of the COVID-19 pandemic.An operational update published by Argo on April 6, revealed that the firm had mined 333.8 Bitcoin in March, as compared to 337.5 Bitcoin in February. Cumulatively, the amount of Bitcoin mined…