Bitcoin

BlockDAG Becomes Crypto Miners’ Choice in 2024 as Presale Crosses $60M, Ahead of Bitcoin and VeChain Price Surges

In a market recovering from volatility, Bitcoin and VeChain are cautiously rebounding, fueled by network enhancements likely to propel their prices. Amidst these dynamics, BlockDAG shines brightly, pulling significant investor interest with an impressive presale powered by its state-of-the-art X series miners. This initiative underscores BlockDAG’s potential for extraordinary ROIs,

July 25, 2024 3 mins read

US Senator Lummis Set to Introduce Bitcoin Reserve Asset Bill

Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The

July 25, 2024 2 mins read

Recent Market Selloff Signals Recession Fears Amid Global Financial Shifts

Russia’s Duma Passes Law to Legitimize Bitcoin Mining in the Nation

A law to legitimize Bitcoin mining has reportedly been passed by Russia’s Duma. This measure, which was approved on the first reading, lays the groundwork for a digital currency mining sector that is regulated. A major change in the country’s stance toward cryptocurrencies is marked by the measure. Which seeks

July 24, 2024 2 mins read

Everstake Joins exSat as a Validator to Boost Bitcoin Ecosystem

ExSat is delighted to announce that Everstake, a leading blockchain service provider, will be joining our network as a recognized Validator node as part of a fresh collaboration. Our shared goal of improving scaling solutions via the exSat Docking Layer for the benefit of the Bitcoin ecosystem is greatly advanced by

July 24, 2024 3 mins read

How Mt. Gox Payouts on Kraken and Bitstamp Influenced Bitcoin Price?

In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners. On

July 24, 2024 2 mins read

HashKey Cloud Collaborates with exSat as Leading Data Validator

ExSat is thrilled to announce a strategic alliance with HashKey Cloud, a Hong Kong-based Web3 infrastructure service provider that is recognized as a worldwide leader. As one of the first groups of validators on the mainnet upon launch, HashKey Cloud is set to join the testnet as a Data Validator.

July 23, 2024 3 mins read

Defunct Crypto Exchange Mt. Gox Transfers 47,500 Bitcoin Worth $3.2B

On July 23, Mt. Gox started transferring funds again, this time sending over $3.2 billion worth of 47,500 Bitcoin to two anonymous addresses. Arkham Intelligence claims that Mt. Gox has 90,344 Bitcoins (BTC) valued at $6.02 billion; however, this information is out of date; the actual value of Mt. Gox’s

July 23, 2024 1 min read

Spot Bitcoin ETFs See Record Inflows Led by BlackRock’s IBIT

Monday saw the biggest net inflow of $526.7 million for BlackRock’s IBIT, the biggest spot bitcoin exchange-traded fund by net asset value, since March 13. Net inflows of $533.57 million were recorded by ten U.S spot bitcoin ETFs yesterday, with the exception of Bitwise’s BITB, as reported by SoSoValue. Following

July 23, 2024 1 min read

Is Bitcoin (BTC) on the Verge of a $70K Milestone?

Bitcoin bulls have had a tumultuous week, breaking the $65,000 resistance after nearly a month and reaching a 41-day high of $68,474 yesterday. This peak came just hours before US regulators approved spot Ethereum exchange-traded funds, a move expected to impact the market positively. However, Bitcoin has declined 1.46% in

July 23, 2024 2 mins read

MicroStrategy's Michael Saylor Unveils Ambition for Largest Bitcoin Bank

Michael Saylor Shares Bitcoin’s Gain Since 2020, Outpacing S&P 500

Investors are keeping a careful eye on Bitcoin’s performance as it separates from conventional markets, thanks to its recent price spike. As the United States approaches its forthcoming crypto-focused election, the crypto asset seems to have broken free from the S&P 500 and is creating quite a stir. The recent

July 22, 2024 2 mins read