LATEST: Healthcare Firm Semler Scientific Buys $40M Bitcoin for Treasury

Semler Scientific Inc., a pioneer in healthcare technology, in its official press release, announced that it has approved bitcoin as its primary treasury reserve and has made a $40 million purchase into a total holding of 581 bitcoins in an acquisition. This strategic buy, made in due belief for contentment in its stability and results, echoes with the latest regulatory advance—authorization by the SEC for over $13 billion investments in bitcoin ETFs.

As Semler confidently believes, bitcoin equals a store of value, and surely, it is bound to be the most valuable digital asset because its repository is of better investment qualities than the conventional gold ever had. Semler Scientific believes it means the significant part of future returns from this digital gold lies ahead.

In this strategic financial realignment, Semler still maintains its primary medical services, emphasizing the sale and development of its QuantaFlo® product in cardiovascular health to assure health care advances continue to rise.

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American voters are becoming crypto investors, Grayscale survey posits

A survey from Grayscale and The Harris Poll found that Americans are becoming crypto voters, which should come as no surprise to anyone active on Crypto Twitter. 

The results also show that 41% of respondents are paying attention to crypto — though not necessarily already holding it — up from 34% in the first installment of this survey from November 2023. 

A third and final survey will be released later this year, closer to the US election in November.

The same 2023 survey found that 40% of voters expected that they’d have some crypto in their portfolios, but that number has since climbed to 47%. 

Read more: Gen Z more likely to own crypto than stocks: Survey

“Aligned with…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $6.6 Billion.
  2. Bitcoin: Market Cap of $1.3 Trillion.
  3. FLOKI: Market Cap of $2.8 Billion.

MIDCAP COINS:

  1. Notcoin: Market Cap of $915 Million.
  2. Super Trump: Market Cap of $8.2 Million.
  3. Pendle: Market Cap of $1.0 Billion.

RISING COINS:

  1. MAGA: Market Cap of $191 Million.
  2. Wojak: Market Cap of $109 Million.
  3. TokenFi: Market Cap of $154 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Former FTX exec Ryan Salame sentenced to 7.5 years, above government ask 

A federal judge sentenced former FTX executive Ryan Salame to 7.5 years in prison in Manhattan Tuesday, according to a report from Bloomberg. 

The ruling falls just above the government’s request of five to seven years in prison. Salame’s team earlier this month asked Judge Lewis Kaplan, who presided over FTX founder Sam Bankman-Fried’s criminal trial last fall, for 18 months in prison. 

Salame in September pleaded guilty to two counts of campaign finance violations and operating an unlicensed money-transmitting business. By acting as a “straw donor,” the government says, Salame helped “pump more than $100 million dollars in illegal contributions through the US political…

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LATEST: Bitcoin ETPs to Start Trading on London Stock Exchange Today

WisdomTree, which is a global financial innovator, has today seen the listing of WisdomTree Physical Bitcoin BTCW and WisdomTree Physical Ethereum ETPs on the London Stock Exchange. With an annual management fee of solely 0.35%, the ETPs offer one of the lowest fee levels in the institutional-grade Bitcoin and Ethereum ETPs that are fully backed by the underlying assets.

According to Alexis Marinof, head of Europe at WisdomTree, listing such crypto ETPs is a natural step to continue supporting UK investors across European markets, talking of increased interest in the asset class by European investors, partly because of a new fee environment and partly because of the launch of US spot bitcoin ETFs. It is about to be a game changer for the UK, with professional investors now able to access more conveniently and jurisdictionally regulated crypto ETPs.

WisdomTree is managing $775 million across its suite of cryptocurrencies in 2024 and has now gathered $127 million in net inflows, making it the leading European issuer of crypto ETPs. The ETP gives investors a secure and cost-efficient way to gain exposure to the second-most-famous cryptocurrency and access staking rewards without additional lock-ups.

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Bitcoin Yearly Candles

Bitcoin’s journey over the years is nothing short of remarkable, as illustrated by its yearly candles chart. The graphic shows Bitcoin’s price evolution from its humble beginnings, where it was valued at just $8 in 2011, to its impressive peak of $68,000 in recent years.

This visual representation highlights Bitcoin’s volatile yet upward trajectory, marking significant milestones along the way. Early adopters who bought Bitcoin in its initial years have seen substantial returns on their investment. The chart reflects periods of rapid growth, as well as corrections, which are natural in the volatile cryptocurrency market.

Whether you’re an early adopter or a more recent investor, the chart serves as a testament to Bitcoin’s enduring appeal and potential as a revolutionary digital asset.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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