Thu, September 3

Bitcoin Miner Marathon Digital Reports $199.7 Million Q2 Loss

Unexpected equipment failure and the bitcoin halving event in April were the key factors that affected Marathon Digital’s operations, leading to larger losses in the second quarter of this year. This year’s second quarter had a net loss of $199.7 million for Marathon, which was renamed as MARA not long

August 2, 2024 1 min read

Spot Bitcoin ETFs See $50.6M Inflow Led by Grayscale’s Mini BTC Trust

Today, the spot Bitcoin ETFs saw significant inflows, reviving their previous surge in popularity. With an incredible $191 million inflow, Grayscale’s Mini BTC Trust ETF stands out among the others. As for the spot Ether ETFs, they kept seeing market volatility, with Grayscale’s ETH ETF seeing ongoing withdrawals. As of

August 2, 2024 1 min read

Bitcoin ETP Launched by Fidelity International on London Stock Exchange

Launched on the London Stock Exchange (LSE), Fidelity International’s Physical Bitcoin Exchange Traded Product (ETP) is a revolutionary step. Professional investors are taking notice of this as a major development for cryptocurrencies in the UK. This announcement has boosted crypto market players’ confidence amidst a lot of chatter in the

July 31, 2024 2 mins read

Will Bitcoin (BTC) Rebound Shortly Defying Market Fluctuations?

The Bitcoin (BTC) price seems to extend losses in the market. In the past 24 hours, the largest crypto has struggled to clear the $66.5K level and dipped by 1.28%. A low has formed near $65,323. Following BTC’s price dip, the global crypto market returned to $2.36 trillion, down by

July 31, 2024 2 mins read

Mt. Gox Moves Billions in Bitcoin for Final Creditor Repayments

Mt. Gox has taken significant steps to resolve the aftermath of its infamous 2014 hack. In the past 6 hours, the defunct crypto exchange has moved a substantial amount of Bitcoin, signaling the final phases of creditor repayments. According to the blockchain analytics firm Arkham Intelligence, the exchange transferred 33,964

July 31, 2024 2 mins read

exSat Launches Testnet Alongside Leading Validators at Bitcoin 2024

The exSat team took a giant leap toward making Bitcoin more scalable and interoperable when they announced the formal launch of their testnet at the recent Bitcoin 2024 conference in Nashville. As part of their groundbreaking exSat Docking Layer, the exSat team detailed their powerful scaling solution and increased interoperability capabilities.

July 30, 2024 5 mins read

Bitcoin Price Shows Mixed Signals Amid US Authorities BTC Moves

The US Authorities sparked attention by transferring Bitcoin worth over $2 billion in the last 24 hours. The tokens were seized from a dark web marketplace, the Silk Road. Meanwhile, the Bitcoin price witnessed a slight dip in the past day, sliding back to the $66K level. The overall crypto

July 30, 2024 2 mins read

U.S Authorities Transfer Over $2B in Bitcoin Seized from Silk Road

U.S. authorities recently sent over $2 billion worth of Bitcoin from a hoard they seized from the Silk Road dark web marketplace. The crypto market is trembling because this is one of the largest Bitcoin transactions the government has made recently. Arkham Intelligence reports that the “U.S. Government: Silk Road

July 30, 2024 1 min read

Peter Schiff Blasts Bitcoin Advocates Over Flawed US Debt Solutions

Bitcoin sceptic Peter Schiff recently criticized the Bitcoin community for its illogical arguments over the US national debt. The belief that the Federal Reserve would soon switch to money printing has led many Bitcoin proponents to predict that the price of BTC will skyrocket to millions of dollars per coin,

July 29, 2024 2 mins read

Can Bitcoin Break $70K Before August Amid New US Crypto Plans?

After Bitcoin’s month-long consolidation, this week turned positive for the global cryptocurrency market with a series of pivotal events and announcements. Bitcoin has shown a strong bounce, trading nearly 15% higher on the monthly chart and nearing the $70,000 zone. This upward movement follows the Bitcoin conference over the weekend,

July 29, 2024 3 mins read