The MDK would be useful for integrating Bitcoin mining into multiple use cases such as heating solutions, off-grid mining, home mining, or intermittent power applications Jack Dorsey‘s Block Inc has b...
Tag: Bitcoin
Crypto Bank Silvergate Will Shut Down Amid Financial Peril
Topline California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long ...
SatoshiChain Brings Bitcoin to DeFi, Reveals Mainnet Launch Date and Upcoming Airdrops
Advertisement     The mainnet of SatoshiChain, the blockchain technology that connects Bitcoin to DeFi, will formally launch on June 1st, 2023. As it enables users to ...
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statem...
Bitcoin Twitter Taunts Paul Krugman Over TradFi Troubles
Famed economist Paul Krugman was never a crypto fan, but personal issues with a traditional financial company left him with some frustration to vent on Wednesday. “I’ve been using Venmo for yea...
Fed Chair Ponders Potential for Digital Dollar to Send Bitcoin to Zero
U.S. Congressman Stephen Lynch (D-MA) expressed concern Wednesday over the possible impact of a central bank digital currency (CBDC), asking Federal Reserve Chairman Jerome Powell to ponder the potent...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant finan...
Bitcoin mining report: March 8
Bitcoin mining stocks tracked by The Block were mixed on Wednesday, with eight gaining and the other 10 declining. Bitcoin fell 0.3% to $21,992 by market close. Here is a look at how the individual mi...
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet – Bitcoin News
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,0...
Major Bitcoin Sell-Off Averted? Mt. Gox’s Largest Creditor Makes Up Its Mind
Alex Dovbnya Mt Gox Investment Fund has reportedly chosen to receive early payout in Bitcoin According to a recent report by Bloomberg, Mt Gox Investment Fund, which purchased claims against the crypt...
Bitcoin Leverage Ratio Rises, Volatile Move Incoming?
On-chain data shows the Bitcoin estimated leverage ratio has risen recently, a sign that a volatile move may be coming soon for the asset. Bitcoin Estimated Leverage Ratio Has Observed A Surge As an a...
Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes – Economics Bitcoin News
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fe...
El Salvador Seeking to Establish ‘Bitcoin Embassy’ in Texas
El Salvador may soon open a Bitcoin Embassy in Texas. This embassy would serve as a hub for all potential crypto-related initiatives that might be put into testing. The idea was recently discussed dur...
Why Senegal rejects the CFA and is warming to Bitcoin: video
Cointelegraph goes to Senegal, West Africa. The medium-sized African nation recently hosted a Bitcoin conference (BTC) and more and more merchants and customers are joining the Lightning Network. Arm...
The Fed Is About To Crash Bitcoin and Crypto Markets, Says Analyst Nicholas Merten – Here’s Why
A widely followed crypto analyst says that the actions of the U.S. Federal Reserve will crash Bitcoin (BTC) and the crypto markets in general. In a new video update, Nicholas Merten, the host of DataD...
Bitcoin Falls as Hot Job Numbers Fuel Hawkish Fed Policy
The U.S. ADP Nonfarm Employment Change for February beat expectations, coming in higher than the 200,000 estimates at 242,000, indicating that wage growth will likely contribute to continued aggressiv...
Bitcoin [BTC] FUD takes centre stage as Uncle Sam makes a move
U.S. government-seized Bitcoin holdings started to move, causing FUD Short-term holders declined while long-term holders stayed put Over the last few years, the U.S. government has accumulated massiv...
US Crypto Holders Trust Banks and Exchanges for Custody
A recent survey conducted by Paxos has shown that American crypto holders still trust intermediaries such as banks, crypto exchanges, and mobile payment apps to hold their digital assets. The survey, ...
Fed signals a sharp rate hike in March due to inflation — Here’s how Bitcoin traders can prepare
Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing th...
$1 Billion Worth of Bitcoin Moved from US Law Enforcement Seized Wallets
In March 2023, over 50,000 Bitcoin (BTC) worth $1 billion were moved from multiple wallets connected to US law enforcement seizures. The transfers included three transactions, with the majority being ...
India Implements AML Standards on Crypto
In a move that is not entirely surprising, the Indian government has implemented anti-money laundering (AML) standards on crypto. The Ministry of Finance published a notification in The Gazette of Ind...
Russian Crypto Advocates Urge Putin to Address Delayed Regulations
The adoption of rules for the cryptocurrency business in Russia has been notoriously slow. As a result, the Russian Association of Crypto Industry and Blockchain (RACIB) has taken the initiative to pe...
Binance NFT Adds Polygon Network Support for Marketplace Trading
Binance NFT, the non-fungible token (NFT) arm of the popular cryptocurrency exchange Binance, has announced the inclusion of the Polygon network as one of the supported blockchains in its marketplace....
Heterosis Launches Dynamic NFT Flower Collection
Web3 has opened up new avenues of creative expression and individuality by allowing users to recreate their digital identity. NFTs have become increasingly personalizable and dynamic, making them a po...
Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment
Alpha Transform Holdings (ATH) is a newly formed holding company that has been formed as a result of a partnership between Transform Ventures and the parent company of Alpha Sigma Capital. The primary...
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade – Economics Bitcoin News
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil de...
Bitcoin Ordinals: Controversial but Here to Stay
Among the cryptocurrency community, Bitcoin Ordinals, which provide users with the option to permanently store data on the Bitcoin blockchain, have become a contentious issue of discussion. The archit...
DoJ moves Silk Road bitcoin to new wallets and exchanges
Blockchain data shows that bitcoin related to the Silk Road seizure are moving, and some may have been sent to Coinbase. Bitcoin stored in a US Department of Justice wallet that were seized from darkn...
European Asset Manager Believes Bitcoin is Not Doomed Despite Industry Collapse
Despite the recent collapse of the cryptocurrency industry, one major European asset manager, Amundi, believes that digital assets like Bitcoin still have potential. In a recent thematic paper analyzi...