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As ACNNewsWire reveals about Quantum Solutions, it has declared that it plans to open a Bitcoin treasury. The Japanese listed corporation intends to purchase 3000 BTC in a span of one year as it seeks to clinch the position of the biggest earner of Bitcoin in Japan. The buying will commence with a ten-million-dollar investment by Integrated Asset Management (Asia) Limited. Quantum Solutions considers BTC as a long-term and strategic reserve tool. Japan To Join Global Bitcoin Hoarding Spree? Source: The Block There has been a significant rise in corporate Bitcoin (BTC) investments over the last year. Public companies seem to be hoarding BTC as a strategic reserve. The pivot towards digital currencies is fairly new. The shift could be traced to the US SEC approving 11 spot BTC ETFs in 2024. The move opened the doors for financial giants to enter the digital currency race. BlackRock, the world’s largest asset manager, has highlighted BTC’s potential as a global currency on mult...

The meme coin market currently boasts an impressive $54 billion market cap of over $60 billion and a trading volume of $8 billion. Notably, dog-themed tokens dominate this sector, holding a substantial share of the total market cap. These tokens are some of the best meme coins , accounting for almost 50 billion and contributing $4 billion to the overall trading volume. Although some consider these meme coins speculative assets susceptible to volatility, others regard them as tools for democratizing finance and fostering community engagement. This article highlights several meme coins with significant profit potential in today’s market. Best Meme Coins to Buy Today For investors who missed out on the early opportunities with Ethereum and Solana, Samoyed Coin, Wojak, and Solabrado offer compelling alternatives. These coins, priced below $1, present promising prospects for Ethereum- or Solana-like returns. In cryptocurrency investment, timing plays a crucial role.  Early inv...

Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year. Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue . In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with gross profit from Bitcoin sales coming in at $44 million, a 7% increase from the same time last year. Block’s revenue for the quarter increased 25.6% from $4.4 billion to $5.53 billion year over year, meaning nearly half came from Bitcoin sales alone. Our Q2 earnings are now available. $SQ https://t.co/oGcnRuzFb3 — Block Investor Relations (@BlockIR) August 3, 2023 The company attributed the increase in Bitcoin revenue to customers continuing to purchase the crypto asset despite a decline in price over the course of the last year. “The year-over-year incr...