Tag: bitcoin

general

Elon Musk Announces X Chat Messenger with Bitcoin-Style Encryption

admin

TLDR Elon Musk revealed plans to launch X Chat, a standalone messaging app expected within a few months that will also remain integrated within X The app uses peer-to-peer encryption similar to Bitcoin’s system and will not include advertising hooks that could compromise security Current X Chat beta is available to Premium subscribers with text [.] The post Elon Musk Announces X Chat Messenger with Bitcoin-Style Encryption appeared first on CoinCentral.

economy Finance

Bitcoin is no inflation hedge but thrives when the dollar wobbles: NYDIG

admin

Bitcoin doesn’t consistently act as a hedge against inflation, but it has instead “evolved into a liquidity barometer,” says NYDIG’s Greg Cipolaro. Inflation does not have a major impact on Bitcoin’s price, as many believe, but a weakening US dollar does help push up the cryptocurrency alongside gold, according to NYDIG.“The community likes to pitch Bitcoin as an inflation hedge, but unfortunately, here, the data is just not strongly supportive of that argument,” NYDIG global head of research Greg Cipolaro said in a note on Friday.“The correlations with inflationary measures are neither consistent nor are they extremely high,” he added. Cipolaro said that expectations of inflation are a “better indicator” for Bitcoin (BTC) but are still not closely correlated. Read more.

business economy Finance Technology

BitMine Scoops Up $1.5 Billion Ethereum During Market Crash

admin

TLDR BitMine Immersion Technologies (BMNR) stock is trading around $48-50 per share as of October 2025, after gaining 700% year-to-date but dropping from its $161 July peak The company holds over 3 million Ethereum (2. 5% of all ETH) plus 192 Bitcoin, making it the world’s largest corporate Ether holder with a crypto treasury worth $12. 9-13. 4 [.] The post BitMine Scoops Up $1. 5 Billion Ethereum During Market Crash appeared first on CoinCentral.