Italy’s largest bank enters crypto market with $1M Bitcoin investment

January 14, 2025 Coin Telegraph

Italy’s largest bank enters crypto market with M Bitcoin investment

Intesa Sanpaolo has become Italy’s first bank to make a Bitcoin investment after buying more than $1 million worth of BTC during a period of growing institutional interest.

Italy’s largest bank, Intesa Sanpaolo, became the first Italian bank to make a Bitcoin investment, purchasing 11 BTC for about 1 million euros ($1.02 million) on Jan. 13.

The investment comes just over a month after Bitcoin (BTC) surpassed the $100,000 mark in December.

The news emerged from a leaked internal email by Niccolò Bardoscia, head of digital assets trading at Intesa Sanpaolo. In the email, Bardoscia wrote, “As of today 13/01/2025, Intesa Sanpaolo owns 11 Bitcoins. Thanks to everyone for the teamwork, this result would not have been possible without each of you.”

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Bitcoin corporate treasury shareholder proposal submitted to Meta

January 10, 2025 Coin Telegraph

Bitcoin

"Due to its verifiable fixed supply, Bitcoin is the most inflation-resistant store of value available," the proposal read.

A Meta shareholder proposal submitted by Ethan Peck requested that the social media company convert a portion of its $72 billion in cash and short-term cash equivalents to Bitcoin (BTC) as a hedge against currency debasement.

Peck wrote that Meta is losing 28% of its cash assets over time due to inflation and cited Bitcoin outperforming bonds by 1,262% over the past five years as evidence for adopting the asset. Peck also wrote in the proposal:

Peck is an employee of The National Center for Public Policy Research — a Washington DC-based think-tank promoting free market policies — which submitted Bitcoin treasury shareholder proposals to Microsoft and Amazon in 2024. However, Peck submitted the Meta proposal on behalf of his family’s shares.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

UK judge dismisses $770M Bitcoin landfill hard drive case

January 9, 2025 Coin Telegraph

UK judge dismisses 0M Bitcoin landfill hard drive case

$770M Bitcoin

James Howells has lost his legal case to recover a $770 million Bitcoin hard drive from a landfill as a judge cites no realistic chance of success.

Update Jan. 9, 2:20 pm UTC: This article has been updated to include Howells’ response and a picture of his Bitcoin address.

James Howells, an IT engineer from Newport, Wales, has lost his legal battle to recover a hard drive containing more than $770 million worth of Bitcoin.

The hard drive, which holds Bitcoin (BTC) mined in 2009, was mistakenly thrown away and ended up in a landfill. The Newport City Council has denied access to the landfill due to environmental permit restrictions.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Top crypto adopters in 2025: Institutions, retail, low-income countries

January 8, 2025 Coin Telegraph

bitcoin adoption

Cryptocurrency holders worldwide are poised to reach a new all-time high in 2025, the CEO of Chainalysis told Cointelegraph.

The global cryptocurrency industry is poised for another year of growing mainstream and institutional recognition in 2025, thanks to increasing regulatory clarity and soaring crypto valuations.

Crypto investor optimism is rising following the record-breaking year of 2024 when Bitcoin (BTC) price rose to an all-time high of $108,300 on Dec. 17, over a month after Donald Trump’s victory in the United States presidential election.

With expectations of more regulatory clarity associated with Trump’s incoming administration, the crypto industry could be set for another year of milestones, including more institutional adoption and a new high in global crypto investors, industry experts told Cointelegraph.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

3 major developments that spurred crypto adoption in 2024

December 28, 2024 Coin Telegraph

bitcoin adoption

The crypto industry witnessed historic milestones in 2024, from MiCA regulations in Europe to Bitcoin adoption in Latin America and the US eyeing a strategic Bitcoin reserve.

In 2024, global cryptocurrency adoption surged as Bitcoin broke price records and governments began integrating crypto into their financial frameworks. From Bitcoin’s historic milestones to Europe’s regulatory strides, 2024 set the stage for crypto’s mainstream integration.

Cointelegraph has put together some of the most significant events that bolstered mainstream cryptocurrency adoption in 2024, from a potential United States strategic Bitcoin (BTC) reserve to the world’s first crypto regulatory framework and the latest countries exploring crypto adoption.

Bitcoin may be adopted as a savings technology by the United States government during the next four years under the incoming administration of President-elect Donald Trump.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Why tech giants like Amazon may hesitate to adopt Bitcoin

December 13, 2024 Coin Telegraph

amazon bitcoin

Big Tech has a great flow of cash on hand. Currency devaluation makes them lose purchasing power. Is Bitcoin a treasury solution to fight against inflation? Amazon is the next to decide.

Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates.

Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to adopt Bitcoin (BTC) as a solution. However, whether tech giants would see major benefits from this remains unclear.

NCPPR has been pushing the strategy at Microsoft and Amazon. In both cases, the think tank believes adopting Bitcoin into their treasury will protect the cash assets and shareholders’ value from inflation.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

MicroStrategy increases note sales to $2.6B for Bitcoin purchases

November 20, 2024 Coin Telegraph

Bitcoin

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

MicroStrategy said it has increased its upcoming note sale to $2.6 billion, signaling bullish expectations for Bitcoin’s potential to surpass the $100,000 mark.

MicroStrategy, the largest corporate Bitcoin (BTC) holder, is set to raise $2.6 billion from senior convertible notes at a 0% interest rate to buy more BTC.

The note sale was upsized from a previously announced offering of $1.75 billion aggregate principal amount of notes, the firm shared in a Nov. 20 statement.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Bitcoin to have ‘crazy decade’ as global wealth managers dive in

October 11, 2024 Coin Telegraph

Bitcoin

Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference.

While some investors may see Bitcoin’s current prices as a peak for the asset, industry professionals say that the crypto asset will continue to surprise investors as more global wealth managers allocate funds to BTC.

In an interview with Cointelegraph managing editor Gareth Jenkinson, Pierre Rochard, the vice president of research at Riot Platforms, and Dylan LeClaire, the director of Bitcoin Strategy at Metaplanet, shared their thoughts on what lies ahead for Bitcoin (BTC).

Speaking to Cointelegraph at the Bitcoin Amsterdam 2024 conference, Rochard said there’s a misleading narrative that Bitcoin gains are in the past. The executive said that from a global wealth balance sheet perspective, Bitcoin adoption is “still less than 1%.” He explained:

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Bitcoin ETF options expected by Q1 2025: Bloomberg analyst

October 9, 2024 Coin Telegraph

bitcoin adoption

Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless.

Options on Bitcoin (BTC) exchange-traded funds (ETFs) are likely to launch in the United States by the first quarter of 2025, according to James Seyffart, a Bloomberg Intelligence analyst.

“I think before the end of the year is possible for options, but more likely in Q1 2025,” Seyffart said during an Oct. 9 panel discussion at the Permissionless conference.

In September, the US Securities and Exchange Commission (SEC) authorized Nasdaq to list options tied to BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT).

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

61 New Bitcoin Addresses Holding 1,000 to 10,000 BTC Emerge in 2024

September 30, 2024 Bitcoin.com

Bitcoin Addresses

Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783. Bitcoin dolphins, sharks, and whales, those with between 100 to 10,000 BTC, made a noticeable splash, with 101 […]

bitcoin adoption

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