Category: Bitcoin
$441 million in digital asset inflows led by Bitcoin’s weakness
According to a recent CoinShares analysis, there was a $441 million market buying opportunity for digital asset investment products over the previous week. The July 8 report also showed that…
Drop in Bitcoin Mining Difficulty Signals an Impending Bottom in BTC Price
It appears that the recent difficulties faced by Bitcoin miners could be a sign of strength for the cryptocurrency’s price. According to Hashrate Index, Bitcoin’s overall hash rate has decreased…
Ledger Ventures and angel investors contribute $1.6 million to the hybrid Layer 2 project BOB
Ledger Ventures led a strategic investment round of $1.6 million for BOB (Build on Bitcoin), a hybrid Layer 2 project powered by both Bitcoin and Ethereum, with additional contributions from…
Worst cryptocurrency liquidations day since FTX collapse due to post-Mt. Gox payouts
In a few of hours, the price of Bitcoin (BTC) rose 6% in response to the news that Mt. Gox had moved both BTC and BCH to a new wallet….
Despite a recent sale, the German government still has over 40K bitcoins, according to Onchain Data
Germany Is Still Selling Bitcoin According to blockchain research firm Arkham, the German government has been selling its stolen bitcoin; the most recent transaction, which involved up to $175 million…
The German government has sent an extra $175 million in bitcoin, of which $75 million has gone to cryptocurrency exchanges
Data from Arkham indicates that the German government seems to have sent more bitcoin to a few addresses, suggesting that it may be planning to sell the holdings. According to…
Nearly 47,229 BTC are moved by Mt Gox ahead of a $9 billion settlement
Over 47,000 BTC -6.29% were transferred from the collapsed bitcoin exchange Mt Gox to a different wallet late on Thursday night, according to Arkham Intelligence. This occurs before its upcoming…
As information suggests an impending range expansion, bitcoin trades in a “enthusiastic” phase
As of June 3rd, the price of Bitcoin BTC tickers at $58,821 was 20% below its all-time high of $73,835. The market’s prevailing lethargy and weariness are reflected in the…
Concerns over the Mt. Gox Bitcoin sell-off are overblown: CoinShares analysis
The asset management company CoinShares conducted a study recently, and found that the concept of the Mt. Gox Bitcoin (BTC) sell-off worried the cryptocurrency market more than any potential effects…
Q3 Forecast for Bitcoin Price Indicates Possible Increase: QCP
Mixed signs are seen in the Q3 price estimate for bitcoin. Despite the optimism in the US economy, Bitcoin remains above $60,000. Options point to a year-end rebound, but recent…
$15 Billion in Crypto Inflows Were Driven by Bitcoin ETFs in H1
When the financial instrument brought Bitcoin to Wall Street, it offered institutional participants a place at the table. As the Ethereum (ETH) and Solana (SOL) ETFs align, more exposure is…
With a higher hashrate and 18,536 BTC in its possession, Marathon Digital
June 2024 Bitcoin Production Report from Marathon Digital In June 2024, Marathon’s (Nasdaq: MARA) average operating hashrate increased by 2% month over month to 26.3 exahash per second (EH/s). The…
QED, a Bitcoin scaling system, raises $6 million at a “9-figure” valuation in its seed round
Blockchain Capital is the only investor in QED, a Bitcoin scaling technology, which has raised $6 million in a startup fundraising round. According to CEO Carter Feldman, QED closed the…
Cryptocurrency traders anticipate a “bullish July” after $124 million is poured into BTC ETFs
After months of falls and rangebound trading, supporters of Bitcoin (BTC) may have cause for celebration in the upcoming weeks as potential seasonal cycles drive up the price of the…
CleanSpark surpassed its mid-year hashrate target of 20 EH/s last month, mining 445 BTC
Compared to May’s 417 bitcoin mined, CleanSpark mined 445 last month. The bitcoin miner claimed that the purchase of five additional mining locations in Georgia allowed it to surpass its…
More bitcoin is purchased by Japanese company Metaplanet, increasing holdings to almost $10 million
Shortly after the Tokyo Stock Exchange closed on Monday, the Japanese investment firm Metaplanet revealed that it had acquired an extra 20.195 BTC for 200 yen ($1.2 million). According to…
Bitcoin Price Plunges Below $62,500 amid the Deepening Correction
Due to uncertainty surrounding monetary policy and a six-day run of withdrawals from US Bitcoin ETFs, the top cryptocurrency is currently trading at its monthly low of approximately $62,490. In…
Energy Chief Says Russia’s Crypto Mining Capacity “Could Grow by 6.9 GW”
The remarks were made by Andrey Katayev, the Director of Energy Markets and External Relations at the Russian Power System Operator, according to the news agency TASS. Is Russia’s Crypto…
Weekend trade levels for Bitcoin reach an all-time low after ETF approvals: Kaiko
The reputation of Bitcoin, at least among the general public, is almost entirely associated with volatility. Though weekend trading activity for bitcoin has dropped to its lowest point in the…
38k Bitcoin ATMs have been installed, which is less than the record high
As of the most recent count, there were 38,279 deployed Bitcoin ATMs worldwide, according to statistics available on Coin ATM Radar. A number of variables, including accessibility and usability, profitability…