Bitcoin

The South African alternative investment firm has bought one bitcoin.

The new lending product allows Bitcoin holders to access liquidity without selling their assets.

Rootstock’s aim is to end Bitcoin’s “isolation” from other chains due to its lack of native smart contracts.

Bitcoin entered the final stretch of its weekly cycle and could bottom soon, a well-followed trader said.

Institutional investors bought $38.7 billion worth of the spot bitcoin exchange-traded funds in the fourth quarter, filings with the Securities and Exchange Commission revealed.

Ales Michl had previously proposed the Czech National Bank consider bitcoin as a reserve asset.

Recent U.S. regulatory filings are show a broadening in the base of buyers for bitcoin ETFs.

Mining economics came under pressure as the network hashrate rose while the bitcoin price fell, the report said.

Bitcoin’s volatility is near one of its lowest levels in years, and it is primed for a short-term move.

The Tokyo-based company said it spent an average of 14.8 million yen per bitcoin.