Thu, September 24

U.S. Court Formalizes Forfeiture of 69,370 Bitcoins from Silk Road

A U.S. appeals court ruled 69,370 bitcoins and other cryptocurrencies associated with the defunct Silk Road dark web bazaar to be forfeited on Wednesday, December 20. The original ruling from August has now been adhered to, according to a filing made on Wednesday in the United States District Court of

December 21, 2023 2 mins read

Bitcoin Options Open Interest Hits Record $2 Billion on CME

Data shows that open interest in Bitcoin options on the CME has hit a record high. Options open interest on bitcoin futures contracts at CME has surpassed $2 billion in the last 24 hours. Consistent with this conclusion, Velo Data reports a $2.1 billion peak in options open interest on

December 20, 2023 2 mins read

Bears Pulling BTC Down? Bitcoin Struggles Crossing $43K

Bitcoin, the leading cryptocurrency by market capitalization, has seen recent price fluctuations, oscillating between notable highs and moderate declines. After reaching a peak above $44,500 earlier this month, BTC has settled around $42,000, experiencing a 1% decline today. The anticipation surrounding a potential U.S. spot Bitcoin ETF launch has boosted

December 20, 2023 1 min read

Marathon Digital Boosts Mining Capacity with $178.6M Facility Purchase

The purchase of two Bitcoin mining facilities for $178.6 million was announced by Marathon Digital Holdings. The impending halving of the Bitcoin mining payout in 2024 is a major factor in this strategic acquisition by Generate Capital, which is expected to significantly enhance Marathon’s mining capacity. The capacity of Marathon

December 20, 2023 1 min read

Bitcoin Rebounds Above $43K Level as Bulls Make a Comeback

A resurgence of interest in the possibility of the spot Bitcoin ETF launch in the U.S has sent the price of Bitcoin soaring beyond $43,000. With the SEC expected to reach a final ruling on spot ETFs in early January, the revelation that asset management BlackRock has amended its policy

December 19, 2023 2 mins read

Cipher Mining Acquires Over 37K Antminer T21 Miners Worth $99.5M

Cipher Mining (CIFR), a publicly listed Bitcoin mining company, is expanding its operations with a new massive acquisition of cryptocurrency mining hardware. On December 18th, Cipher announced a new arrangement in which the company will purchase 37,396 Antminer T21 miners from Bitmain, a crypto mining behemoth based in China. Furthermore,

December 18, 2023 1 min read

BTC Struggles to Break $43,000. What Lies Ahead?

Bitcoin (BTC) is experiencing a potential downturn following its significant eight-week surge, propelling from $26,866 to an impressive $44,543. As of now, the largest cryptocurrency has displayed a 2% dip in the last 24 hours, with its current value resting below $41,200, according to CoinMarketCap. Despite multiple attempts to breach

December 18, 2023 2 mins read

Bitcoin Average Transaction Fees Nears $40, Highest Since April 2021

As of December 17th, the average transaction cost for transfering Bitcoin was approximately $37, according to data from the statistics portal BitInfoCharts. All users of the network are now paying more for their transactions due to the most recent wave of Bitcoin Ordinals inscriptions. Moreover, some think these costs will

December 17, 2023 1 min read

VanEck CEO Bullish on Bitcoin, Predicts Record Highs in 2024

CEO Jan van Eck of the prominent asset management company VanEck recently expressed optimism about Bitcoin’s future on “The Exchange” on CNBC. Van Eck, who has extensive knowledge of the cryptocurrency business, believes that Bitcoin will reach new records in the next year. Optimistic View Van Eck has extensive experience

December 17, 2023 2 mins read

BlackRock and U.S SEC Hold Fourth Meeting on Spot Bitcoin ETF

The fourth meeting between BlackRock and the U.S SEC to discuss the eagerly awaited Spot Bitcoin ETF has taken place. Documented in an official filing, this most recent conversation is one in a string of recent exchanges between the SEC and prospective issuers. Moreover, the involvement of the SEC, headed

December 15, 2023 1 min read