Tag: BTC
Using volcanic geothermal power, El Salvador has mined 474 bitcoin since 2021, increasing the total amount of bitcoin to 5,750
Since 2021, El Salvador has used geothermal power generated by the Tecapa volcano to mine 474 bitcoins. According to Reuters, the mined coins increase the nation’s total bitcoin holdings to…
According to Livepeer CEO, DePIN is a lifeline for Bitcoin miners
After the most recent halving reduced block rewards to 3.125 BTC, Bitcoin (BTC) miners may look to the DePIN ecosystem to make their mining facilities lucrative, Livepeer CEO Doug Petkanics…
In a wild climb, Bitcoin surpasses $66,000, leading to a jump in short liquidations
Following a rally above $66,000, short liquidations of Bitcoin BTC +0.071%, the largest digital asset by market capitalization, have surged to more than $48 million in the last 24 hours….
The Pause in the Runes Protocol Matches the Decline in Bitcoin On-Chain Activity
A cooling tendency in these indicators is indicated by recent developments, nevertheless. The price of the most valuable digital asset has seen difficulties over the last two months, and on-chain…
Leading Latin American Crypto Exchange Bitso Introduces Web3 Wallet
Bitso Introduces Web3 Wallet and Makes a Hint About Potential Blockchain Development Through the provision of Web3 services to their clientele, Latin American exchanges are gaining ground on their international…
CAD $1.3 trillion The Bitcoin ETF Holdings of Bank of Montreal Have Been Made Public
In a recent 13F filing with the US Securities and Exchange Commission (SEC), Bank of Montreal (BMO) disclosed its interests in Bitcoin Exchange-Traded Funds (ETFs). SEC filing reveals the holdings…
Biden forbids property ownership by a Chinese-backed cryptocurrency mining company close to a US missile station
Citing worries about potential threats to national security, President Joe Biden issued an order preventing a cryptocurrency mining company with a majority Chinese ownership from owning land adjacent to a…
As mining revenue declines, bitcoin miners are ready to sell their bitcoins: Kaiko data
According to data from the cryptocurrency research and analytics company Kaiko, a significant bitcoin selloff is probably imminent since the token’s miners are under pressure to sell their holdings due…
$620 million in BTC and a $109 million net rise in Q1 were reported by VanEck’s spot bitcoin ETF, HODL
Key data for the spot bitcoin exchange-traded fund (ETF) HODL, issued by the digital asset division of investment management VanEck, is revealed in a recent filing with the Securities and…
The Bitcoin Premium in South Korea Drops But Is Still Higher Than Global Average
The bitcoin (BTC) premium in South Korea is declining, according to recent measures. As of May 11, 2024, the premium dropped to 2.79% from 12% in March, according to data…
As it promotes itself as Asia’s MicroStrategy, Metaplanet increases its Bitcoin reserves
Additional Bitcoin has been bought by Japan-based Metaplanet, as per a disclosure statement posted on social media platform X on May 10. The company disclosed that on April 23, it…
US Bancorp and the Rothschild firm report purchasing about $20 million worth of Bitcoin ETFs on the spot in Q1
According to the corporation, it paid around $5.4 million for 87,744 shares of Fidelity’s FBTC, $2.9 million for 46,011 shares of Grayscale’s GBTC, and $7.2 million for 178,567 shares of…
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…
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…
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…
$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…
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…
$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…
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…
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,…