Tagged: btc

German Government Owns $2B in Bitcoin (BTC). This Concerns Some Crypto Investors

The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for cryptocurrency investors. That’s because the nation’s government has been aggressively selling BTC that it had previously seized from an illegal website that has now… Read More

Bitcoin Mining Ecosystem Evolving Rapidly with BTC Price Remaining Unpredictable Input to Capital-Intensive Business Model – Report

In the wake of the Halving, Bitcoin’s hashrate (30D MA) has “fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s,” according to an update shared by Coin Metrics earlier this week. In its extensive crypto and blockchain industry report, Coin Metrics pointed… Read More

Bitcoin (BTC) Payments App Strike Now Available in the UK

Strike is introducing buying Bitcoin, global payments, and more to customers in the United Kingdom. Strike is now available in the UK, offering individuals and businesses access to a suite of Bitcoin and Lightning services. Stike noted in a blog post that they’re rolling out… Read More

MicroStrategy Intends to Increase Bitcoin Holdings, Announces Proposed Private Offering of $500M of Convertible Senior Notes

MicroStrategy (NASDAQ:MSTR) recently revealed its plan to sell $500 million in convertible bonds in order to finance the purchase of more Bitcoin (BTC). MicrosStrategy, which presently possesses 214,400 Bitcoin (BTC) valued at about $14.5 billion, holds more than 1% of BTC’s total circulating supply. The… Read More

Marathon Digital Holdings Releases Bitcoin (BTC) Production and Miner Installation Updates

Marathon Digital Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, has released unaudited bitcoin (BTC) production and miner installation updates for May 2024. Fred Thiel, Marathon‘s chairman and CEO said: “The strength of our MARA… Read More

Bitcoin Price Downturn Not of Particular Concern Given the Historical Context of BTC Markets – Report

Recently, the Depository Trust & Clearing Corporation (DTCC) implemented substantial adjustments to its collateral consideration for bitcoin (or any other cryptocurrency) ETFs, the NYDIG team noted. After the changes, no collateral value “will be given to any bitcoin ETF, giving them a 100% haircut.” The… Read More

Only 9 Months of Bitcoin Supply Reportedly Left on Exchanges Due to BTC Halving Related Supply Reduction

Bybit, a global crypto exchange, has released a new report showing that the current supply dynamics of Bitcoin leave only nine months of supply left on exchanges. This market trend is being attributed to the Bitcoin halving, which reduces supply by 50%. Post-halving, the Bitcoin… Read More

Bitcoin (BTC) Mining focused Riot Platforms Successfully Energizes the Substation at Firm’s Corsicana Facility

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of  vertically integrated Bitcoin (BTC) mining, announced that it has successfully energized the substation at the Company’s Corsicana Facility. Jason Les, CEO of Riot said: “Two years ago, we purchased 265 acres of land in Navarro County,… Read More

Bitcoin Price Returned 3,230% Gains On Average within One Year After Each Halving – Report

On average, Bitcoin price returned 3,230% gains within one year after each halving, the team at CoinGecko noted in an extensive report. However, that is misleading moving forward, “considering Bitcoin’s novelty in its early years, lack of market maturity, and the case of diminishing returns.”… Read More

Bitcoin Futures Open Interest Reaches New High, BTC Mining Revenue Sets All-Time High – Report

Open interest for Bitcoin futures, as indicated by recent activity on centralized crypto exchanges, has recorded a new high, a trend that points to a boost in overall trading volumes across the largest cryptocurrency in terms of market cap and global adoption. CoinGlass data reveals… Read More

Bitcoin Mining Firm Marathon Digital Introduces Solution to Enhance Data Center Operations

Marathon Digital Holdings, Inc. (NASDAQ:MARA), one of the world’s largest publicly traded Bitcoin miners and a key player focused on supporting and securing the Bitcoin ecosystem, announced MARA 2PIC700, a two-phase immersion cooling system built to transform data center operations with power, density, and efficiency…. Read More

Marathon Digital Holdings to Acquire Another Bitcoin (BTC) Mining Data Center

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, has entered into a definitive purchase agreement to acquire Applied Digital Corporation’s Bitcoin mining data center in Garden… Read More

Bitcoin Mining Firm Riot Acquires 31,500 BTC Miners from MicroBT to Enhance Operations at Rockdale Facility

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of vertically integrated Bitcoin (BTC) mining, announced that it has entered into a new purchase agreement with Shenzhen MicroBT Electronics Technology Co., LTD, “through its manufacturing subsidiaries, (MicroBT) a prominent manufacturer of Bitcoin miners.” Under the Agreement,… Read More

Bitcoin Mining Firm Riot Platforms, an Enabler of Vertically Integrated BTC Miners, Shares Latest Peformance Updates

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of vertically integrated Bitcoin (“BTC”) mining, reports financial results for the full year ended December 31, 2023. The audited financial statements are available on Riot’s website and here. Jason Les, CEO of Riot, said: “I am pleased… Read More

Marathon Digital Launches Slipstream, a Direct Bitcoin Transaction Submission Service

Marathon Digital Holdings, Inc. (NASDAQ:MARA), a firm focused on supporting and securing the Bitcoin ecosystem, has launched Slipstream, a direct Bitcoin transaction submission service designed to streamline confirmations of large or non-standard Bitcoin transactions. By default, Bitcoin nodes frequently “exclude large and non-standard transactions from… Read More

US Claims Over 80% of Spot Bitcoin ETF Market, Surpassing Canada – Report

The US has reportedly captured 83% of the Spot Bitcoin ETF market, overtaking Canada. This, according to an update from CoinGecko. Spot Bitcoin exchange-traded funds (ETFs) are “incorporated in 11 countries worldwide and traded in just 6 geographical markets,” the team at CoinGecko noted. CoinGecko… Read More

Bitcoin and Crypto Market Movements Align with Pre-Halving Rally, A Trend Observed in Previous BTC Cycles – Analysis

With Bitcoin (BTC), the flagship cryptocurrency, finally surging past the $52,000 mark at the time of writing, a pre-halving rally reminiscent of previous cycles seems to be unfolding. This is according to an update shared by the analysts at Bitfinex. To shed light on this… Read More

OKX Ventures Invests in Bitmap Tech to Support Growth of Bitcoin Ecosystem

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, is pleased to announce its investment partnership with Bitmap Tech, the team behind Merlin Chain, a native Bitcoin Layer 2. Bitmap Tech currently boasts an overall market cap “that exceeds US$500… Read More

Digital Assets Survey Reveals Bitcoin and Ethereum Have Most Compelling Growth Outlook

James Butterfill, Head Of Research at CoinShares, has shared the results of the latest digital asset fund manager survey. As noted in the update, 75% of all respondents believe Bitcoin and Ethereum have “the most compelling growth outlook.” As mentioned in the report, digital assets… Read More

Bitcoin Mining Focused Marathon Digital Announces Agreement with Affiliates of Hut8 Mining Corp.

Marathon Digital Holdings, Inc. (NASDAQ:MARA) , a key industry participant focused on supporting and securing the Bitcoin ecosystem, has entered into an agreement with affiliates of Hut8 Mining Corp. in order to remove Hut8 as the operator of two Bitcoin mining sites recently acquired by… Read More

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