San Lee

News

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case? 

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site...

San Lee | 12 mins ago
News

Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a...

San Lee | 23 hours ago
News

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life...

San Lee | 1 day ago
News

Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations 

Bitcoin mining firm Riot Blockchain announced its milestone purchase of $138.5 million in mining equipment this Wednesday. In a statement, the company announced that it will be...

San Lee | 2 days ago
Bitcoin

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next?

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only...

San Lee | 3 days ago
Bitcoin

Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing...

San Lee | 5 days ago
News

Bank of Japan Set to Begin Experimenting with CBDC 

Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first ...

San Lee | 5 days ago
Bitcoin

MicroStrategy Acquires An Additional $15 Million in Bitcoin 

Microstrategy announced today that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253...

San Lee | 6 days ago
News

Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH

Earlier this Saturday, FEI Protocol held its Genesis event, successfully raising over 639,000 Ether — approximately $1.3 billion — in commitment for its stablecoin. The...

San Lee | 6 days ago
News

Is Grayscale Bitcoin Trust’s Demise Inevitable? GBTC Premium Negative for a Consecutive...

Since February, Grayscale Bitcoin Trust (GBTC) has continued to trade at a negative premium. The Bitcoin fund, available to institutional investors on the traditional stock market, has...

San Lee | 6 days ago
News

VC Money Continues to Flow into Crypto: Firms Received More Funding Last Quarter than Entirety...

Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs). These...

San Lee | 1 week ago
Bitcoin

Bitcoin Miners Net Position Turns Positive: Is A Rally to New Highs Overdue?

After weeks of gut-wrenching volatility, the start of April has been much kinder to Bitcoin. Following a record-breaking $6.4b options expiry, Bitcoin’s price action has been far...

San Lee | 1 week ago

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