US government may sell BTC every 73 days from Treasury, says analyst Maartunn based on past sales. Predicted dates: May 26, Aug 7, Oct 19, Dec 30.

Bhutan's national investment arm, Druk Holding & Investments, has been revealed to have secretly invested millions of dollars in Bitcoin and other cryptocurrencies through insolvent crypto lenders BlockFi and Celsius, according to court records. Druk had withdrawn over $65 million and deposited approximately $18 million in digital assets over the course of three months covered by the Celsius filing. BlockFi has accused Druk of failing to return a $30 million loan, even after the lender liquidated collateral of 1,888 Bitcoin. If confirmed, this would be an unusual move for Druk, which is supposed to encourage domestic business projects. In 2021, Bhutan's central bank, the Royal Monetary Authority, collaborated with Ripple on a pilot project for a CBDC solution.

HIVE Blockchain Technologies has announced that it produced 282 Bitcoin in March 2023, with an average hash rate of 3.09 exahash per second (EH/s) and an average of 91 Bitcoin per Exahash produced. HIVE sold all Bitcoin earned from its GPU mining hashrate payouts and ended March with a current BTC HODL balance of around 2,310. The company also reported receiving over 5,600 BuzzMiners in its data centers. The Bitcoin mining difficulty increased by 9% during March, reaching an all-time high, which is a significant variable in the company's gross profit margins. HIVE is a growth-oriented technology stock in the blockchain industry that owns state-of-the-art, green energy-powered data center facilities in Canada, Sweden, and Iceland.

In this article, I’ll provide an update to the liquidity ranking model, highlighting any big movers from last quarter in the process.

Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), predicts a seismic shift in the financial landscape as Bitcoin and Ethereum emerge as the new safe havens. 

Dalio is the founder of Bridgewater Associates.  In a recent interview on The Julia La Roche Show, Dalio shared his unchanged views on Bitcoin, highlighting its persistent volatility.  According to Dalio, Bitcoin’s price fluctuations do not correlate with practical factors, rendering it an ineffective currency. Dalio also emphasized the ongoing risk of Bitcoin being outlawed or heavily regulated.

In 2021, El Salvador took the adoption of Bitcoin (BTC) to a higher level by introducing it as a legal tender and thus equating it with the US dollar. Meanwhile, more than a year and a half later, the country has invested many millions in bitcoin for the treasury. Remittances, i.e. money sent by migrants to relatives in the country of origin, in bitcoin or other cryptocurrencies, would have fallen by 17.8% during the first two months of this year relative to 2022.

Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold.

Bitcoin (BTC) continued to trade in a narrow range over the weekend, around $30,000, after a week of volatility. Ethereum (ETH), on the other hand, has been relatively quiet and has remained around $2,100 after gaining over 13% in the past seven days, partly thanks to the recently concluded Shanghai upgrade.

ETH has soared over 6% since implementing the Shanghai update on Wednesday, trading at $2,121. Ethereum (ETH) recorded a sharp gain barely 24 hours after implementing the Shanghai upgrade. ETH is now on course to tap a new pricing milestone not seen since Aug 15 last year as it nears $2,500. Market leader Bitcoin (BTC) broke through $30,000 after eight months with similar gains from other top 10 assets.