The miner has the potential to receive up to $75 million in management fees for the Celsius mining rigs over a period of five years. U.S. Bitcoin Corp. (USBTC) aims to become one of the leading mining companies in the United States by expanding its computing power by 12.2 exahash/second (EH/s). This growth follows a…
Certain Bitcoin miners may find other applications of artificial intelligence (AI) too tempting to resist. Nvidia (NVDA) provided an exceptionally positive financial outlook as the chipmaker capitalizes on the growing demand for hardware that drives the artificial intelligence (AI) revolution, which platforms like ChatGPT contribute to. This news caused quite a buzz on Wall Street,…
New data reveals that the trading volume of non-fungible tokens (NFTs) based on Bitcoin (BTC) has exceeded that of well-known blockchains like Solana, Mythos, and Polygon in the past month. Bitcoin’s rise in popularity in the world of digital collectibles can be attributed to its current rankings and the growing trend of the BRC-20 token…
Record-Breaking Number of Investors Holding Bitcoin for a Year or Longer, Reveals Glassnode. According to data from Glassnode, an all-time high of 68% of Bitcoin has been held by investors for at least a year. Additionally, 55% of Bitcoin has been held for two years or more, while 40% has been held for three years…
Bitcoin of America was told by the Department of Banking that they did not get the necessary license to run Bitcoin ATM machines in Connecticut. Bitcoin ATM provider Bitcoin of America agreed with the Connecticut Department of Banking to stop its operations because they didn’t have the right license. As a result, the prices of…
Bitcoin Price Edges Upwards, Eyeing Key Resistance Level for Potential Surge Bitcoin is gradually gaining momentum and surpassing the $27,000 mark. The price is currently trading above $27,000 and the 100-hourly Simple Moving Average. On the BTC/USD hourly chart (data feed from Kraken), there is an important bearish trend line taking shape, with a hurdle…
Dubai developer announces plans for the world’s first Bitcoin Tower, a groundbreaking project highlighting the significance of digital assets and cryptocurrencies. The tower is set to debut at the upcoming COP28 meeting in Dubai on May 24. According to a report from EIN presswire on May 21, a new hotel chain inspired by Bitcoin is…
US Federal Reserve officials prefer raising interest rates to more than 6% in order to control inflation, even amid the US debt ceiling crisis. US Federal Reserve officials, including Neel Kashkari and James Bullard, are discussing the possibility of further interest rate increases despite the serious debt ceiling crisis. This debt ceiling deal is expected…
The Treasury’s efforts to replenish cash reserves following the resolution of the debt limit issue could result in a decrease in available dollars, potentially causing a decline in Bitcoin value. As negotiations to increase the U.S. government’s $31.4 trillion debt limit remain unresolved, some analysts are expressing a different opinion. They caution that if a…
Ramaswamy expressed his intention to turn the 2024 election into a vote on traditional currency. Vivek Ramaswamy has become the second US Presidential candidate to openly accept Bitcoin donations, worth $27,101, for the upcoming 2024 elections. Ramaswamy, while announcing his acceptance of Bitcoin donations, encouraged supporters to contribute as little as $1. This news followed…
Traders are observing favorable conditions for a potential breakout in the Bitcoin price range. However, there are concerns among traders that a significant downward correction may be imminent. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView After Jerome Powell, the Chair of the Federal Reserve, shared new comments on policy and inflation expectations, there…
“Binance’s Partner, Latam Gateway, Receives License to Operate as Payment Institution in Brazil” According to reports from local media, Latam Gateway, the payment provider for Binance in Brazil, has received approval from the country’s central bank to operate as a payment institution and electronic money issuer on May 19. Binance has stated in a previous…
Governor Kamil Supports Bitcoin, Plans Launch of Exclusive Regional Exchange. Governor Ridwan Kamil of West Java Province Shows Support for Bitcoin, Highlights Adoption Efforts. Plans are underway to launch a cryptocurrency exchange exclusively for Bitcoin in the region. This move aligns with a growing trend among the younger generation to collect and save Bitcoin as…
Bitcoin voucher company Azteco, based in California, announced on Thursday that it raised $6 million in seed funding. The funding round was led by Jack Dorsey, CEO and chairperson of Block, Inc. Azteco plans to use the funding to achieve its goal of providing a solution that promotes financial inclusion and long-term stability to billions…
Almost 80% of traders now believe that the U.S. central bank will take a break from increasing interest rates during its upcoming June meeting. In simpler terms, the majority of traders expect the bank to stop raising interest rates for now. Bitcoin (BTC) remained below the $27,000 mark as the Chair of the U.S. Federal…
The Bitcoin payments app Strike, led by Jack Mallers, is expanding its services to many more countries. Initially available in the United States and El Salvador, Strike is now entering new markets in Africa, Latin America, Eastern Europe, Asia, and the Caribbean. This expansion includes countries like Antigua and Barbuda, Vanuatu, and Zambia. Big news…
To avoid the proposed crypto mining tax by the Biden administration, Bit Digital has relocated a large number of its mining machines to Iceland and Canada, while still keeping most of them in the United States. By establishing a presence in Iceland, Bit Digital is taking proactive steps to deal with the potential effects of…
Robert Kiyosaki restated his belief in an upcoming economic downturn and recommended protecting oneself by investing in assets such as Bitcoin, gold, and silver. Robert Kiyosaki, known for his popular book ‘Rich Dad Poor Dad,’ is a well-known supporter of alternative investments like Bitcoin, gold, and silver. He is raising concerns about the United States…
Bitcoin Sets Sights on the Moon After Bitcoin 2023 Conference, Says Elon Musk Bitcoin is making its way to the Moon in the summer of 2023. A collaboration between Astrobotic Technology, BitMEX, and Bitcoin Magazine aims to send the first physical Bitcoin to the Moon from the Kennedy Space Center in Florida. After more than…
Bitcoin 2023 Conference Expects 15,000 Attendees, Down from 35,000 in Previous Year, with Robert F. Kennedy Jr. as Speaker. Thousands of Bitcoin enthusiasts gather in Miami Beach for the third consecutive year to attend an industry conference. The event will showcase notable speakers such as U.S. presidential candidate Robert F. Kennedy and author Michael Lewis….
After being initially mentioned in 2021, the investment fund is now taking advantage of the meme-worthy ticker symbol for its newly introduced leveraged Bitcoin ETF. In its most recent filing for futures-based exchange-traded funds (ETFs), Valkyrie is using a popular meme from the financial Twitter community, often referred to as “fintwit,” to attract attention and…
The U.S. Treasury Secretary, Janet Yellen, has cautioned that the country may reach its debt limit by June 1. If the limit is exceeded and the government defaults on its debt, it could lead to a recession. On Tuesday, the price of Bitcoin (BTC) continued to slightly decline, falling just below $27,000. Investors closely monitored…
Summer rally signals increased in Bitcoin. Bitcoin has seen impressive growth in 2023, reaching a high of $31,000 on April 14. However, the price of BTC has been declining and has been trading within a specific range since then. Currently, investors are eagerly anticipating Bitcoin’s price to surpass $30,000 once again and reach new all-time…
Billionaire Investor Paul Tudor Jones: Falling Inflation and Regulations Cast Doubt on Bitcoin. Billionaire investor Paul Tudor Jones recently expressed concerns about Bitcoin’s future. He believes that Bitcoin is becoming less attractive due to unfriendly regulations in the United States. Additionally, he sees the potential risks to Bitcoin’s price from lower inflation and related CPI…
Bitcoin financial services provider River secured significant funding in its Series B round, led by Kingsway Capital. Bitcoin company River has successfully raised $35 million in a funding round known as Series B. The round was led by investment firm Kingsway Capital and included participation from billionaire investor Peter Thiel. River provides various services related…
Bitcoin’s congestion and fees rise due to BRC-20 token adoption. Ordinal and fungible tokens may revolutionize Bitcoin’s scaling solutions. Bitcoin, the first blockchain technology, has encountered some significant difficulties recently. People who support and use Bitcoin have become worried because the network has become crowded and the fees for making transactions have become very high….
The quantity of bitcoin (BTC) supply that has remained inactive for the past two to three years has reached a two-year peak. This happened even as the asset’s price has been consolidating below $29,000, following a recent drop below that level more than a week ago. Glassnode, a company that provides intelligence on blockchain data,…
Bitcoin experienced a significant rebound in the early morning Asian trading, boosting investors’ confidence for the upcoming price surge. On Monday, May 15, during the early trading hours in Asia, the price of Bitcoin increased by over 2% and surpassed $27,400. This rise in price allowed Bitcoin to break through the important resistance level of…
People who were found guilty have purchased Bitcoin at low prices when its value decreased throughout the past year. Over one million wallet addresses containing at least one whole Bitcoin (BTC) have been recorded, surpassing the milestone on May 13, as reported by Glassnode. When the price of Bitcoin dropped by more than 65% last…
A wallet that hasn’t been used for almost a year took out stablecoins from Binance and used them to buy meme tokens. A big crypto investor, known as a whale, made a huge buy of LADYS tokens, a meme coin based on the Milady NFT collection, after not doing anything for a whole year….
Cryptocurrency analysis platform Glassnode released a new analysis highlighting an important level to watch for in the world of Bitcoin. Glassnode, a well-known organization that provides market information for Bitcoin and other cryptocurrencies, shared an analysis of Bitcoin on its official Twitter account. The analysis specifically looked at the cost basis and profitability…
Riot Platforms, a crypto mining company, wants to end some agreements with Rhodium, a hosting service. They are also asking not to be responsible for any power credits they owe to Rhodium. Riot Platforms, a crypto mining company previously known as Riot Blockchain, has filed a lawsuit against Rhodium Enterprises, a Bitcoin miner in Texas….
The two mining companies are having a disagreement mainly because of their involvement in demand response programs in Texas. Whinstone US, a part of the bitcoin mining company Riot Platforms (RIOT), is taking legal action against Rhodium Enterprises, another mining firm. They claim that Rhodium owes them $26 million in hosting fees. Riot is also…
The Blockchain Fund II, a private equity fund, requires a minimum investment of $100,000. Franklin Templeton, a company managing around $1.4 trillion in assets, intends to expand its cryptocurrency market offerings by launching a second blockchain fund. This information was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. (…
US Regulators Probe Bitcoin Miner Marathon for Potential Violation of Securities Laws in Internal Transactions Marathon Digital Holdings (MARA), a major crypto mining company in North America, announced a smaller-than-expected loss in the first quarter. The company’s move towards profitability was supported by the higher price of bitcoin and improved production. Marathon Digital Holdings also…
Digital Asset Investment Products Experience $54M Outflows, Extending Three Weeks of Negative Sentiment. Bitcoin Leads with $32M Outflows, Short-Bitcoin Investment Products See Record $23M Withdrawals. Investment Products Show Continued Interest Despite Negative Sentiment, Solana Witnesses Significant Inflows. Investors in digital assets are feeling a change in their attitudes as the week ending May 7, 2023,…
On Binance.US, the price of Bitcoin reached a peak of $28,600 during the day, surpassing the intraday market price high of $28,000. As the global cryptocurrency exchange Binance continues to recover from multiple interruptions in Bitcoin (BTC) withdrawals, its American counterpart, Binance.US, is selling BTC at a higher price than the average market rate, known…
Binance wants to work with more NFT projects and help Bitcoin Ordinals grow and improve. Big News for Bitcoin Ordinals: Binance, the largest cryptocurrency exchange, revealed that their NFT Marketplace will soon support Bitcoin Ordinals (Bitcoin NFTs). This means more choices for traders and a bigger NFT community on Binance. Bitcoin Ordinals: A Game-Changer for…
Bitcoin, the biggest cryptocurrency, is experiencing a decline for the third day in a row, even as more people are becoming Bitcoin owners. Bitcoin’s price began to fall on May 6th, when it was valued at approximately $29,700. As the total value of the global cryptocurrency market decreased from around $1.2 trillion to $1.13 trillion…
Gbitcoins Cloud Mining Makes Expensive Hardware Unnecessary. Gbitcoins Enhances Security and Protects Investments from Malicious Entities. As cryptocurrencies gain broader acceptance and popularity, investors are looking for new opportunities to profit from digital assets. In the current era, “cloud mining” has emerged as a significant method to earn various cryptocurrencies, such as Bitcoin and Ethereum,…
Binance recently made an important announcement about pending Bitcoin withdrawals. Here’s a simplified version of the statement Binance, which is the biggest exchange for digital money worldwide, has declared that all the Bitcoin withdrawals that were waiting have now been completed. We have finished processing all the Bitcoin withdrawals that were waiting. We appreciate your…
A recent chain fork at block height 788686 caused an unexpected event in the Bitcoin network, resulting in the double spending of nearly 10 bitcoins (BTC), as reported by Fork Monitor, a platform that monitors chain forks. Today, prominent Chinese blockchain reporter Colin Wu highlighted a significant development in a tweet, referencing data from Fork…
According to Prime Minister Daniel Risch, under the proposed plans, any cryptocurrency received will be promptly converted into Swiss francs, as stated in an interview with German news publication Handelsblatt. According to a report by German news outlet Handelsblatt, Liechtenstein intends to introduce bitcoin (BTC) as a payment method for government services. Liechtenstein’s Prime Minister…
A large investor who bought approximately $3 million worth of Pepe tokens just a few days ago is currently facing an unrealized loss of approximately $600,000. The price of the newly introduced memecoin Pepe (PEPE) has plummeted by over 42% shortly after achieving its record peak on May 6, resulting in substantial paper losses for…
Worries spread on Crypto Twitter about a potential denial of service (DoS) attack targeting the Bitcoin network. Over the weekend, a sudden increase in Bitcoin transaction fees and unconfirmed transactions, causing Bitcoin BTC prices to drop to $28,307, raised concerns on Crypto Twitter about a possible Denial of Service (DoS) “attack” on the network. Several…
Binance Freezes Bitcoin Withdrawals Again, This Time Within 8 Hours of the First Pause. Binance has once again temporarily stopped allowing users to withdraw bitcoins due to a significant increase in congestion on the Bitcoin network. We've temporarily closed #BTC withdrawals due to the large volume of pending transactions. Our team is currently working on…
On May 7, the Bitcoin transaction backlog reached a high point, with more than 400,000 transactions waiting to be processed in the Bitcoin mempool. On May 7, crypto exchange Binance temporarily halted Bitcoin (BTC) withdrawals, citing an alleged surge in transactions overwhelming the Bitcoin network. At the time of writing, the Bitcoin mempool contained more…
Bloomberg reports that PacWest Bancorp, which is based in California, is considering different strategic choices. Image source “CoinDesk” The banking crisis doesn’t seem to be ending soon. PacWest Bancorp’s stocks dropped by over 50% during after-hours trading on Wednesday, following a Bloomberg report. The report said that the bank, which is based in the US,…
When there were fewer job opportunities available, the value of the two biggest cryptocurrencies in terms of money went up. On Tuesday, there was a report that showed there were not many job vacancies available, and as a result, the values of Bitcoin and Ether, which are two of the biggest cryptocurrencies, went up by…
The BRC-20 and ERC-20 standards may sound similar, but they are not the same. The BRC-20 does not have the capability to communicate with smart contracts, while the ERC-20 can. The demand for “Bitcoin Request for Comment” or BRC-20 tokens has increased dramatically, causing their market value to rise by several hundred percent. These tokens…