bennysteele, Author at Bullish Times

Finnish Police Seize $2.6M in Luxury Watches from Hex Founder

Finnish authorities have seized 20 luxury watches, valued at approximately $2.68 million, from Hex founder Richard Schueler (aka Richard Heart). Among the confiscated items were several Rolexes, discovered at a residence in Espoo, according to Finland’s national broadcaster, Yleisradio Oy (Yle). The seizure is part of an ongoing investigation into Schueler, who is wanted in […]

Dogecoin Payments Rumored Ahead of X Money Launch

Talks about Dogecoin payments on X Money have intensified following recent developments. Leaked code suggests that the launch of X Money, the payment service tied to Elon Musk’s X platform, is imminent. Tech enthusiast Aaron recently revealed in an X post that X Money plans to launch in the U.S. without waiting for approval in […]

Spot Bitcoin ETFs Surge with $1 Billion Inflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded nearly $1 billion in inflows on January 6, driven by Bitcoin’s recovery to the $102,000 level. This marks the second consecutive day of significant inflows, with nearly $1.89 billion entering the funds over two days, according to data from SoSoValue. Inflow Breakdown by ETF Monday’s […]

MARA Lends 7,377 BTC to Generate Yield

Bitcoin mining giant MARA has announced it lent 7,377 BTC, equivalent to approximately 16% of its total Bitcoin reserves, to generate yield through short-term arrangements with “well-established third parties.” As of December 31, 2024, MARA’s total Bitcoin reserves stood at 44,893 BTC, valued at approximately $4.4 billion. The company mined 9,457 BTC and acquired 22,065 […]

Marathon Digital: Strategic Bitcoin Lending in Focus

Marathon Digital Holdings, one of the largest Bitcoin mining companies, has announced plans to lend 7,377 BTC to third parties in 2024. This figure represents approximately 16% of its total Bitcoin reserves, which stood at 44,893 BTC as of December 31, 2024, valued at around $4.4 billion. The initiative, structured as short-term contracts, aims to […]

Chile Eyes Strategic Bitcoin Reserve in 2025

Chile is making strides toward becoming a more Bitcoin-friendly nation in 2025. Gael Yeomans, a Chilean deputy, has proposed forming a Bitcoin bench in Congress to promote cryptocurrency research and introduce Bitcoin-focused regulations. Over 20 lawmakers have joined discussions to position Chile as a leader in cryptocurrency adoption, both in Latin America and globally. Strategic […]

Worldcoin Faces Volatility Amid Whale Activity Decline

The Worldcoin (WLD) ecosystem is grappling with a fresh challenge following Germany’s directive to delete iris scans, intensifying concerns over privacy and regulatory compliance. This development has further complicated Worldcoin’s adoption efforts, casting uncertainty over its short-term trajectory. Market reactions to the directive are already evident, with whale activity—a key driver of WLD’s price momentum—experiencing […]

BlackRock Bitcoin ETF Sees Record Outflows

On January 2, BlackRock’s iShares Bitcoin Trust (IBIT) experienced record-high outflows, with $333 million withdrawn in a single day, according to data from Farside Investors. This marks the largest outflow ever reported for the spot Bitcoin exchange-traded fund (ETF). Alex Obchakevich, founder of Obchakevich Research, attributed the significant outflows to early-year profit-taking. “At the end […]

Author: bennysteele