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Acurx Pharmaceuticals Joins Bitcoin Surge, Allocates $1M for Treasury Reserves
Acurx Pharmaceuticals, a late-stage biopharmaceutical firm focusing on antibiotic development, announced its decision to invest $1 million in Bitcoin as a treasury reserve asset.
This move, approved by the company's Board of Directors, aligns with their strategy to safeguard surplus cash for the next 12 to 18 months. David P. Luci, the company's President & CEO, highlighted Bitcoin’s limited supply and inflation-resistant properties, emphasizing its potential as a reliable store of value.
Floki Inu Breaks Resistance, Analyst Sees Strong Momentum for Potential Major Upside
Floki Inu shows a bullish trend with key resistance levels tested and potential for substantial upward movement.
Strong support levels and EMAs underline Floki Inu’s solid base, boosting confidence in sustained bullish sentiment.
High trading volumes and breakout patterns signal growing market interest in Floki Inu’s upward trajectory.
Floki Inu ($FLOKI) has surpassed a key price level according to analyst Javon. He highlights that the token is now eyeing $0.00054673 as its next target, sugge
Russia Imposes Crypto Mining Restrictions to Conserve Energy
Russia introduces crypto mining restrictions in 13 regions to reduce power grid strain and manage energy use.
Unregistered cryptocurrency miners face a 6,000 kWh monthly energy cap, requiring official registration.
New tax laws classify cryptocurrency as property, taxing mining income and exempting crypto transactions from VAT.
Russian President Vladimir Putin has approved new restrictions on cryptocurrency mining across 13 country regions. The measures, aimed at reducing strain on the power
Crypto’s Growing Role in Macro: BlackRock’s Bitcoin ETF and Institutional Confidence
BlackRock’s Bitcoin ETF sees strong debut with 73K contracts traded, boosting institutional confidence.
Bitcoin’s role in finance grows as more ETFs from Grayscale and Fidelity are expected.
Trump’s crypto-friendly Cabinet picks could influence U.S. policy on digital assets.
The options market for BlackRock’s Bitcoin spot ETF (IBIT) marked a major milestone this week, with a remarkable 73,000 contracts traded within just one hour of its debut.
Bitcoin Price Analysis November 2024: BTC Eyes $135,000, But RSI and Bollinger Bands Signal Risk
Bitcoin’s price surge mirrors December 2020, with RSI and Bollinger Bands showing similar trends.
Market indicators suggest Bitcoin could hit $135,000 before facing potential corrections.
RSI at 78.60 signals overbought conditions, with high volatility indicated by widening Bollinger Bands.
Bitcoin has recently been showing signs of a pattern that mirrors its remarkable price movement from December 2020. The cryptocurrency, currently priced at approximately $94,110, has surged similarly to it
MicroStrategy raises $2.6B via convertible notes, upsized from $1.75B.
Proceeds will primarily fund Bitcoin acquisitions and corporate purposes.
Notes convertible into cash or stock, with a 55% premium over current share price.
MicroStrategy Incorporated (Nasdaq: MSTR) has announced the pricing of a $2.6 billion offering of its 0% convertible senior notes due 2029. Initially announced as a $1.75 billion issuance, the offering was upsized due to strong demand and is expected to close on Novemb
From Solana’s Surge to MicroStrategy’s Bitcoin Buy: What’s Driving Crypto Discussions
Solana nears its all-time high with a new price ratio of $0.0709 against Ethereum.
MicroStrategy expands holdings to 131,820 BTC, now valued at approximately $4.6 billion.
Rising interest in Solana and Bitcoin reflects strong market confidence in cryptocurrencies.
Solana has become a focal point due to its notable price surge. As of mid-November 2024, Solana, the fourth-largest crypto asset by market capitalization, has seen a rise in its valuation.
Shanghai High Court Rules Virtual Currency as Property, Highlights Legal Risks in Token Issuance
Virtual currencies in China have property status but are heavily regulated to prevent misuse.
Token issuance without approval is deemed illegal, violating financial and fundraising regulations.
Contracts involving virtual currencies face strict scrutiny and may be invalid if they breach laws.
The Shanghai High Court has clarified the legal status of virtual currencies, describing them as virtual commodities with property attributes. However, despite their legal recognition, the court em