Category: Bitcoin

10
May
2024
Posted in Bitcoin

Marathon Digital saw an 184% increase in profit in Q1 while mining $176 million in bitcoin

According to an earnings statement, Marathon Digital stated that it mined 2,811 bitcoin in the first quarter of this year, or around $176 million at current prices. Marathon Digital’s profits…

10
May
2024
Posted in Bitcoin

Ledn’s First-quarter loans set a record of $690 million as the lending market recovers

For cryptocurrency lending firm Ledn, the first quarter witnessed the processing of almost $690 million in loans, making it the company’s most successful quarter since its establishment in 2018. That…

10
May
2024
Posted in Bitcoin

According to Glassnode executives, Bitcoin may shortly “BLOW higher” on a bullish candle hammer

A “bullish candle hammer” that has shown on the weekly price chart of Bitcoin, which is currently trading at $62,811, is being cited by traders as a potential sign of…

10
May
2024
Posted in Bitcoin

$7 million is raised by Multicoin Capital, the platform for applications built on Bitcoin, Arch

In a seed investment round, Arch Labs, the group behind the Bitcoin native application platform Arch, has raised $7 million. For the venture capital firm, Multicoin Capital led the round…

10
May
2024
Posted in Bitcoin

US Bitcoin Funds See Mixed Results as GBTC Losses Counterbalance Other Gains

Fidelity, Ark Invest, and Invesco Announce Increases While GBTC Faces New Challenges The publicly traded spot bitcoin ETFs that are active in the US had $1.17 billion in trade volume…

09
May
2024
Posted in Bitcoin

Argentina’s Power Company Closes a New Bitcoin Mining Agreement

A new energy provider in Argentina has signed a deal to mine bitcoins YPF is the third-biggest oil producer in South America. In Patagonia, it is engaged in multiple exploratory…

08
May
2024
Posted in Altcoin Bitcoin

Wintermute declares liquidity support for ether ETFs and bitcoin spot in Hong Kong

In an effort to strengthen its position in the Asian cryptocurrency markets, cryptocurrency market maker Wintermute said today that it will supply liquidity to OSL and HashKey for spot bitcoin…

08
May
2024
Posted in Bitcoin

$1.3 billion in spot Bitcoin ETF investments are disclosed by Susquehanna

In a May 7 13F filing, Susquehanna International Group revealed $1.3 billion in investments in spot Bitcoin ETFs. For a total investment of $1.1 billion, the business disclosed owning 17.3…

07
May
2024
Posted in Bitcoin

Market value of bitcoin miner Marathon increases by $800 million as shares soar by 18%

Marathon Digital’s shares increased by 18% on Monday, following S&P Global’s announcement that the bitcoin miner would be included in a small-cap stock index. This increase increased the company’s market…

07
May
2024
Posted in Bitcoin

For the first time in ten years, a Bitcoin whale shifted $43 million in BTC

The whale was given 687.33 Bitcoins (BTC) on January 12, 2014, according to Lookonchain statistics. At the time, BTC was trading for $917, which is almost $630,000. Ten years later,…

06
May
2024
Posted in Bitcoin

The 7RCC Spot Bitcoin and Carbon Credit Futures ETF decision has been postponed by the SEC

The Securities and Exchange Commission stated that deliberations over the next course of action for a proposed exchange-traded fund that focuses on bitcoin and carbon credit futures contracts will take…

06
May
2024
Posted in Bitcoin

OpenSats receives $21 million from Jack Dorsey’s “start small” effort to advance Bitcoin development

In a blog post published on May 4, the foundation revealed Dorsey’s donation and said the money would be used to support open-source initiatives, giving entrepreneurs all over the world…

06
May
2024
Posted in Bitcoin

Logos signs the biggest Bitcoin block ever with its manifesto

The largest-ever Bitcoin BTC block mined in history was engraved with the manifesto document of Logos, a decentralized and privacy-focused technological stack. The 3.99 MB inscription was written ahead of…

06
May
2024
Posted in Bitcoin

Following losses, the Grayscale Bitcoin ETF saw its first inflow

This occurs after the fund had withdrawals totaling $1.6 billion prior to the Bitcoin halving. GBTC reported a net inflow of $63 million on May 3, based on information provided…

06
May
2024
Posted in Bitcoin

$63 million inflow into Grayscale’s GBTC spot bitcoin ETF ends a 78-day outflow trend

After 78 days of nonstop withdrawals, Grayscale’s GBTC spot bitcoin exchange-traded fund saw its first-ever daily net inflows on Friday since it was converted. By May 2, GBTC had lost…

06
May
2024
Posted in Bitcoin

Address poisoning assault allegedly costs the victim over $71 million in Bitcoin

A person appears to have lost more than $71 million in wrapped bitcoin (WBTC) due to an address poisoning assault. The Etherscan blockchain explorer shows that the victim sent 1,155…

03
May
2024
Posted in Bitcoin

Standard Chartered Fears a $50K Drop in Bitcoin Prices

Bitcoin Could Plunge to a Range of $50,000–$52,000 According to Standard Chartered Bank, the recent decline in Bitcoin’s value below $60,000 may be an indication of further difficulties to come….

03
May
2024
Posted in Bitcoin

10% of monthly bitcoin income will be invested by Dorsey’s Block, and shares increase after Q1 results above expectations

After-hours trading on Thursday saw Block (SQ) shares rise in response to first-quarter profits that exceeded analysts’ projections. Achieved adjusted profits per share of 85 cents over the consensus forecast…

02
May
2024
Posted in Bitcoin

Peter Schiff Declares Bitcoin to be in a Bear Market Despite Stagflation in the US Economy

Peter Schiff on the US economy facing stagflation and the bear market for bitcoin A gold bug and an economist On Wednesday, Peter Schiff shared his thoughts on bitcoin and…

02
May
2024
Posted in Bitcoin

Elliptic, a crypto forensics company, uses AI advancements to find Bitcoin money laundering

Elliptic’s detection methods are being improved by the company, according to a statement. The effort is documented in a recently published research article that was “co-authored with researchers from the…