Day: November 12, 2024

Bitcoin Hits Record Single-Day Dollar Gain

Monday marked a historic day for Bitcoin and the broader crypto industry, as Bitcoin reached a new all-time high price above $89,000 and set a record for the largest single-day dollar gain in its history. Data from Galaxy Research and Coinbase shows that Bitcoin surged by $8,343 over the course of the day, starting at […]

Dev Offers $2.5M Bounty to Recover $27M in Lost Tokens

In a costly mistake, a crypto developer accidentally sent $25 million in Renzo tokens to an incorrect Ethereum address and is now offering a $2.5 million bounty for help retrieving them. The developer mistakenly transferred 7,912 ezETH tokens—each worth over $3,400—into a Safe Module rather than a Safe wallet. The misstep has left the funds […]

Tesla’s Bitcoin Holdings Surge to $1B

Tesla’s decision to invest in Bitcoin is proving fruitful, with the company’s holdings now valued at over $1 billion. The electric vehicle giant currently owns 11,509 BTC, which has appreciated significantly as Bitcoin’s price recently hit a new all-time high of $89,560, according to data from blockchain analytics firm Arkham Intelligence. Tesla first bought into […]

El Salvador’s Bitcoin Bet Pays Off with $100M in Profits

El Salvador’s ambitious Bitcoin experiment has finally yielded significant gains. President Nayib Bukele, who made Bitcoin legal tender in 2021, proudly announced this week that the country has amassed $100 million in unrealized profits as Bitcoin’s price surged to new highs. “I told you so,” Bukele tweeted, celebrating a victory that comes two years after […]

Bitcoin Surpasses Silver in Market Cap

Bitcoin’s remarkable climb continues as the cryptocurrency overtakes silver in market capitalization. Reaching $1.75 trillion on Monday evening. After briefly peaking at $89,560, Bitcoin is now positioned as the eighth-largest global asset, according to CoinGecko and Infinite Market Cap data. This milestone highlights Bitcoin’s evolving role in the financial landscape. As institutional investors and the […]