Tag: BTC

25
Apr
2024
Posted in Bitcoin

Bitcoin Miner Revenue Holds Firm Post-Halving

The recent Bitcoin halving event, occurring on April 19, has brought significant attention to the cryptocurrency market. Historically, the halving, which reduces the reward for mining a Bitcoin block by…

25
Apr
2024
Posted in Bitcoin

Anticipating Market Moves: Analysis of Cryptocurrency Options Expiry on Deribit

This Friday, Deribit, a major derivatives exchange, is witnessing an impending expiration of cryptocurrency options, with a staggering total worth exceeding $9.4 billion. The bulk of this value is represented…

25
Apr
2024
Posted in Bitcoin

Bitcoin’s Issuance Rate Falls Below Gold’s Following Fourth Halving: Glassnode Analysis

Bitcoin’s recent fourth halving event has triggered a significant milestone, with analyst firm Glassnode suggesting that the digital currency has now surpassed gold in terms of issuance scarcity. During the…

25
Apr
2024
Posted in Bitcoin

Block Unveils Cutting-Edge Bitcoin Mining Chip for Decentralized Operations

Block, a digital payments firm co-founded by Jack Dorsey, has achieved a significant milestone in the realm of cryptocurrency mining technology. The company announced the successful development of a three-nanometer…

24
Apr
2024
Posted in Bitcoin

The ‘Epic Satoshi’ auction is exclusive and has already doubled the bids to two bitcoins

The auction for the “epic satoshi” from the fourth halving, which was initially mined by the mining pool Viabtc, has begun on Coinex.  The initial bid on this event, which…

24
Apr
2024
Posted in Bitcoin

ViaBTC Initiates Auction for “Epic Sat” Following Bitcoin Halving Block

Cryptocurrency mining pool ViaBTC has commenced an auction for the esteemed “epic sat” after successfully mining Bitcoin’s fourth halving block and allocating 40.75 BTC ($2.6 million) in rewards. The auction,…

24
Apr
2024
Posted in Bitcoin

Exploring BIP-420: Unveiling OP_CAT’s Proposal for Bitcoin Covenants

Advancements in Bitcoin scripting are being spotlighted as proponents of OP_CAT push forward with their proposal for covenants on the Bitcoin network. Advocates are endeavoring to promote their initiative, emphasizing…

24
Apr
2024
Posted in Bitcoin

Resilient Performance: Spot Bitcoin ETFs See Inflows Post-Halving

Amid the backdrop of Bitcoin’s block-reward halving, spot bitcoin exchange-traded funds (ETFs) in the United States have demonstrated resilience, rebounding from a recent streak of net outflows to record another…

24
Apr
2024
Posted in Bitcoin

Strike Bitcoin Payments App Launches in Europe, Expanding Access to Lightning Network Services

Strike, the widely anticipated Bitcoin and Lightning Network payments application, has officially launched its services in Europe, granting eligible individuals and businesses across the continent access to a range of…

23
Apr
2024
Posted in Bitcoin

The Swiss National Bank is asked by activists to increase its bitcoin holdings

The Swiss National Bank is asked by activists to increase its bitcoin holdings According to the Swiss daily Neue Zürcher Zeitung, the advocacy group is stepping up its attempts to…

22
Apr
2024
Posted in Bitcoin

Bitcoin Futures Gain Momentum in Brazil: 7,400 Contracts Traded on Debut

The launch of bitcoin futures contracts on Brazil’s stock exchange, B3, has sparked significant interest among investors, with 7,400 contracts traded on the first day. This surge in demand highlights…

22
Apr
2024
Posted in Bitcoin

Chinese Embassy Urges Caution for Citizens in Angola Regarding Crypto Mining

Amidst Angola’s recent legislative crackdown on cryptocurrency mining, the Chinese Embassy in the country has issued a warning to its citizens, advising them against engaging in such activities. The embassy…

19
Apr
2024
Posted in Bitcoin

JPMorgan believes that the price of Bitcoin has already “priced in” the halving and anticipates a decline

JPMorgan analysts predict that the price of Bitcoin will drop after the halving since the event has already been included into the existing pricing. Reiterating their earlier identical opinions, JPMorgan…

19
Apr
2024
Posted in Bitcoin

Bitcoin Network Transaction Fees Rise as Halving Approaches

Recent data shows a significant increase in bitcoin transaction fees since the beginning of April. The average fee has soared to 133 satoshis per virtual byte, equivalent to approximately $19.48…

19
Apr
2024
Posted in Bitcoin

Peter Schiff Explains Gold’s Rise and Warns of Bitcoin’s Decline

Economist and gold advocate Peter Schiff has recently provided his perspective on the current state of gold and bitcoin. In an interview, he explained why gold prices are on the…

17
Apr
2024
Posted in Bitcoin

Bitcoin Exchange Supplies Nearing Depletion, Says Bybit

Bitcoin’s supply on centralized exchanges is on the verge of being depleted within the next nine months, according to a recent analysis by Bybit. The company’s report, drawing on data…

17
Apr
2024
Posted in Bitcoin

Norway Plans to Regulate Data Centers to Control Cryptocurrency Mining

Norway is preparing to introduce a new law that will regulate data centers in the country, aiming to exert greater control over operations within these facilities. The legislation seeks to…

17
Apr
2024
Posted in Bitcoin

Bitcoin Miners Prepare for Halving as Competition Heats Up

As the anticipated Bitcoin halving approaches, the event is now expected to occur a day earlier than initially predicted, on April 19, rather than April 20. Despite an increase in…

17
Apr
2024
Posted in Bitcoin

Ahead of the halving, Bitcoin mining stocks are still plunging

With investors gravitating toward safer assets due to geopolitical uncertainties following recent hostilities between Iran and Israel and growing short interest in cryptocurrency mining equities, stock values are continuing to…

17
Apr
2024
Posted in Bitcoin

Since spot ETFs launched, Grayscale’s GBTC has seen a 50% decrease in Bitcoin holdings, reaching its own halving

Since the launch of the U.S. spot bitcoin exchange-traded funds on January 11, Grayscale’s holdings of GBTC bitcoin have decreased by half in around three months. Rather than starting from…