In the past few years, Bitcoin mining has become increasingly difficult for small and residential miners. While mining the cryptocurrency the traditional way has become more profitable for large compa...
Category: Bitcoin
Live Bitcoin News Updates.
SEC Targets Bitcoin Miner Marathon in Latest Action Against The Industry
Bitcoin mining firm Marathon Digital Holdings has received another subpoena from the SEC. The summons is in relation to its Montana data center, which the regulator claims may have violated securities...
Bitcoin Trading Fees Spike & Uniswap Deflates As Ape Brigade Gears For Launch
Amidst new development and disruption, the crypto market is not short of highs and lows. Uniswap has been in the hands of bears for some time now while the trading fees on the Bitcoin network have sky...
Is the Bitfinex Wick at $56K for BTC a Leading Indicator, or are Low Market Cap Cryptos a Better Buy Still?
Bitcoin continues its drawn-out period of consolidation as it trades inside the April range between $31,000 and $27,000. Lately, the cryptocurrency has been trading toward the lower boundary of this r...
A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen – Featured Bitcoin News
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks...
Bitcoin Miner Marathon Digital Receive Subpoena from SEC Over Violations of Securities Laws
In the latest development, Bitcoin miner Marathon Digital Holdings stated that it has received a subpoena from the US Securities and Exchange Commission in their ongoing investigation of the Montana D...
Tether has $1.5B in Bitcoin reserves: BDO Italia
BDO Italia’s latest attestation report for Tether revealed that Bitcoin made up approximately $1.5 billion of the stablecoin issuer’s reserves, or roughly 2% of the total, at the end of th...
Bittrex Secures 250 $BTC Loan for Bankruptcy Proceedings
U.S. bankruptcy judge Brendan Shannon has approved cryptocurrency exchange Bittrex’s request for a $7 million loan in Bitcoin (BTC) from its parent company, Aquila Holdings, according to a Reute...
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit – Economics Bitcoin News
The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noti...
Bitcoin Ordinals make their way to Binance: Nifty Newsletter, May 3–9
In this week’s newsletter, learn about emerging technologies creating new ethics for humankind. Read about the nonfungible token (NFT) marketplace Binance NFTs adding support for Bitcoin Ordinals on i...
Bitcoin Price Turns Sell On Rallies As Bulls Struggle To Clear Hurdles
Bitcoin price is struggling to clear the $28,200 resistance. BTC is again moving lower and might decline toward the $27,000 support zone. Bitcoin attempted an upside break above $28,200 but failed. Th...
Price analysis 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels. The United States consumer ...
Bitcoin cracks $28K on CPI amid warning US inflation ‘highly elevated’
Bitcoin (BTC) ticked higher around the May 10 Wall Street open as United States inflation data beat expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Markets eye June Fed rate ...
Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards – Bitcoin News
Investment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards and “lead to less power for the U.S. government, similar to the weakening of the UK aft...
Bittrex to receive 250 BTC loan valued at $7M to start bankruptcy case
A U.S. bankruptcy judge has approved Bittrex’s request for a $7 million loan from its parent company, Reuters said on May 10. Bittrex to gain $7M loan, possibly more Judge Brendan Shannon said d...
BRC-20 Bitcoin Tokens Surpass $1 Billion Market Cap
On May 9, 2023, BRC-20 Bitcoin tokens reached a significant milestone, with their total market capitalization surpassing $1 billion. This milestone is a testament to the growing popularity of BRC-20 t...
Tether Reserve Holds Bitcoin Worth $1.5 Billion
16 seconds ago | 2 mins read Altcoin News BDO Italy reported that Tether has $1.5 billion in Bitcoin reserves. USDT circulation has increased by over 20%. BDO Italia, one of the major international ne...
Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin
To illustrate, the software industry has enjoyed the margins it does because of the inherent ease in replication of digital information: there’s essentially zero marginal cost to produce one additiona...
Economist Peter Schiff Says ‘Nobody’s Money Is Safe in Any Bank’ — Warns of Financial Crises, Depressions – Economics Bitcoin News
Economist Peter Schiff expects a lot more banks to fail, warning that “nobody’s money is safe in any bank.” He stressed: “When the Fed sets interest rates too low and prints a lot of money … it unleas...
SEC issues new subpoena to bitcoin miner Marathon
Marathon Digital, a U.S.-based bitcoin mining firm, said Wednesday that it received a new subpoena from the Securities and Exchange Commission regarding an ongoing investigation tied to a facility in ...
Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1
Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 R...
Can BTC endure the pain of the crossfire between STHs and market panic
BTC short-term holders could be the reason for BTC’s latest price drop as per CryptoQuant’s latest analsysis However, as of 10 May, market panic and FUD led to BTC dropping from $28k to 26k in an hour...
Why Passive Portfolios Can’t Compete with Bitcoin’s Returns
We compared BTC’s returns to passive, market-cap weighted portfolios of the top 10, 25, 50, and 100 tokens over the past five years. None of these passive portfolios were able to outperform BTC. And s...
US Government Sells $98K Worth of Bitcoin: Implications for Cryptocurrency Market
9 seconds ago | 2 mins read Bitcoin News The US government’s recent sale of $98K worth of Bitcoin has raised concerns among investors about potential market manipulation. While the sale was relatively...
Bitcoin: From Genesis to Dominance
In 2009, the world witnessed the birth of Bitcoin (BTC) – an enigmatic invention by the pseudonymous Satoshi Nakamoto. This revolutionary digital currency laid the foundation for a financial paradigm ...
Binance, Coinbase Bitcoin Reserves Fast-Dropping, Is This Bullish?
According to CryptoQuant’s data on May 10, Bitcoin reserves in centralized exchanges such as Binance and Coinbase experienced a significant decline in Q4 2022. The reserves remained stable in April de...
Bitcoin Price Rises Above $28K as U.S. CPI Inflation Falls to 4.9% in April
At its last meeting earlier in May, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) indicated it’s considering at least a pause in its historic run of rate increases that...
Bitcoin BTC Price Ticks Up as Congestion Wanes and Investors Ponder the Next Price Spur
Crypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities ...
Democrats are Trying to Kill Crypto and Bitcoin, Tierion CEO Says
Wayne Vaughan, the CEO of Tierion has condemned the position of Democrats as it concerns the crypto ecosystem. A memo was recently sent to Democrat Committee Members informing them of what is expected...
Tether Reports $1,480,000,000 Profit In Q1 Alone, Reveals Bitcoin and Gold on Balance Sheet
Stablecoin issuer Tether (USDT) is reporting nearly $1.5 billion in profits during Q1 alone while also revealing new details from its reserves. According to a new attestation report by the firm, Tethe...
Is Bitcoin Under DoS Attack?
Bitcoin is one of the world’s first cryptocurrencies and the price of Bitcoin has seen strong gains since its launch. It is one of the most valuable cryptocurrencies which has the highest market cap. ...
Crypto Market Dumps Over Rumors Of US Govt. Selling BTC
There are ongoing rumors that the United States government has just parted with 9800 Bitcoin (BTC) in a sale that reportedly raked in $277 million. The supposedly sudden release of that quantity of BT...