One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global ...
Tag: Bitcoin
Coinbase shares fall as SEC takes crypto staking action against Kraken
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty I...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
Mawson Infrastructure Group Inc. Breaks Ground on Sharon, PA 120 MW Bitcoin Mining Facility
Mawson has broken ground on the 120 MW Bitcoin mining facility in Sharon, PA. First 12 MW available in early Q2, 2023. SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Maws...
Trader Warns Bitcoin Uptrend Will Be Lost if Top Crypto Closes Below This Number
A widely-followed crypto analyst says Bitcoin (BTC) is on the verge of losing a key support level as the king crypto stumbles. With BTC trading for $22,517 at time of writing, down 2% on the day, pseu...
Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts
On February 6, a devastating earthquake struck the southeastern part of Turkey at the border with Syria. As of right now, over 5,000 people have lost their lives as a result of the quake. The earthqua...
Bitcoin (BTC) Slips Below $23,000 As Crypto Regulation Rumors Spread
In the early hours of Thursday, Bitcoin (BTC) the largest cryptocurrency by market cap, sank to a four-week low. The crypto asset slipped below its hovering $23,000 price range to as low as $22,408 b...
Ordinals Project Surpasses 11,000 NFT Mints In Weeks Amid Criticisms From Bitcoin Maxis ⋆ ZyCrypto
Advertisement     Ordinals project has recorded 11,000 NFTs Mints on the Bitcoin Network within weeks of launch. Despite criticisms of a cross-section of Bitcoin faith...
LBank Secures Virtual Asset Provider Registration to Operate in Italy – Press release Bitcoin News
press release PRESS RELEASE. Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows...
As Bitcoin nears $25K, questions about rally’s sustainability remain
It is no secret that the global economy has continued to weaken over the course of the past year. To this point, on Jan. 19, the United States government hit its “debt ceiling,” i.e. the total sum of ...
Bitcoin Fixes the Asymmetry of Information Problem in Markets
Information symmetry also matters a lot for market structure. Take lending, for example. In traditional finance, borrowers have a more detailed idea of what they plan to do with the solicited funds, a...
Bitcoin Investors Hold BTC for an Average of 3.8 Years
The metric underscores the high level of confidence that most Bitcoin investors have. The average time that Bitcoin (BTC) stays in an address before being transferred is reported to be 3.8 years, indi...
Crypto Analysts Michael van de Poppe Predict Massive Bitcoin Price Rally to Reach $40k
According to renowned expert Michael van de Poppe, Bitcoin (BTC) is showing signs of a major price surge in the near future. This is because it’s currently trading above a critical level. Expert Outli...
NFTs on Bitcoin? Ordinal Punk Sells for Over $200K (9.5 BTC)
Non-fungible tokens on Bitcoin’s network are now a thing, and they quickly become a heavily debated topic within the BTC community. With arguments for and against, what seems to be the biggest sale so...
Bitcoin Price Retreats Amid Reports of Kraken Probe, Rumors of SEC Attack on Staking
Bitcoin (BTC) is dropping in price amid news that the U.S. Securities and Exchange Commission (SEC) has launched a probe into Kraken over whether it illegally traded unregistered securities. According...
Bitcoin Activity Highest Since May 2021 As NFTs Gain Steam
On-chain data shows that Bitcoin network activity is now at its highest level since May 2021 as Ordinals NFTs have been rapidly gaining popularity. CryptoQuant’s Bitcoin Network Activity Index Has Sho...
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers – Regulation Bitcoin News
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. ...
$9.6M in Bitcoin Transferred From Satoshi-Era Bitcoin Address After 11-Years
10 mins ago | 2 mins read Editors News Satoshi-era Bitcoin address moves more than $9.6M worth of BTC from the wallet. This kind of windfall is rarely seen for coins that have been dormant for a long ...
LINK Moves to 3-Month Peak, as DOGE Drops to 10-Day Low – Market Updates Bitcoin News
Chainlink rallied to a three-month high during Thursday’s session, despite a red wave sweeping through cryptocurrency markets. Today’s surge came as the token broke out of a key resistance level. Doge...
Coinbase drops 8% as CEO Armstrong calls out SEC; Silvergate sinks 5%
Crypto-related stocks sold off at the open, with Coinbase and Silvergate leading the drop. Coinbase shares fell over 8% to $63 by 11:15 a.m. EST, according to Nasdaq data. Last night Coinbase CE...
How Ordinal Theory Brings NFTs to Bitcoin
In the world of Non-Fungible Tokens (NFTs), Punks on Bitcoin is a relatively new player that is generating a lot of buzz in the crypto-collectible space. Punks on Bitcoin is the first profile big coll...
Mississippi passes law protecting Bitcoin miners from discrimination
Lawmakers from the Mississippi senate have passed a new law establishing a framework for protecting Bitcoin (BTC) miners in the state. The bill dubbed the “Right to Mine” will protect Bitcoin mining f...
Bitcoin Sinks Below $23,000 as Crypto Regulation Scrutiny Intensifies
Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, accor...
Bitcoin slips as memecoins lead loses; GBTC discount to NAV widens
Cryptocurrency prices slipped across the board, even as the sector buzzes about the future of AI and big data tokens. Bitcoin was trading at $22,722 by 9:35 a.m. EST, down 1.5% over the past day...
Bitcoin Sees Spike in Transfer Fees Following Ordinals Launch ⋆ ZyCrypto
Advertisement     A week after Bitcoin’s controversial NFT platform rocked the centre of crypto discussions, transaction fees on the blockchain are beginning to see a ...
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter – Bitcoin News
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto...
CleanSpark kicks off bitcoin miner earnings with revenue expected to rise 13%: Preview
CleanSpark is expected to post a nearly 13% bump in revenue from the previous quarter when it kicks off the earnings season for bitcoin miners after the U.S. close today. The company is expecte...
ETH Liquid Staking Coins Soar, Bitcoin Retraces Toward $22.5K (Market Watch)
Bitcoin dipped hard in the past 24 hours, charting a two-week low of under $22,500. Most altcoins are also slightly in the red, aside from apparent exceptions coming from Ethereum liquid staking asset...
BTC Moves Below $23,000 as Market Volatility Heightens – Market Updates Bitcoin News
Bitcoin dropped to a two-week low on Feb. 9, with prices falling below the $23,000 mark after a brief rally on Wednesday. Cryptocurrencies moved lower across the board, as uncertainty surrounding the ...
Bitcoin exchange LocalBitcoins set to shut down this month
Bitcoin (BTC/USD) peer-to-peer (P2P) exchange LocalBitcoins has today issued a service closure statement stating that it is set to shut down this month due to the “ongoing very cold crypto winter.” Th...
Why ChatGPT is wrong about crypto
ChatGPT, OpenAI’s chatbot, matched 12 crypto assets to zodiac signs, but it got its math wrong: Bitcoin is Capricorn. Here’s why. ChatGPT and its matching of 12 crypto assets to zodiac signs: it’s wro...
Bitcoin Golden Cross Remained Unstirred – This May be the Next Move Incoming for BTC Price
The crypto markets are falling down and the global market cap is slowly sliding closer to $1.05 billion from the yearly highs above $1.08 billion. This is driving the Bitcoin price lower as it just sl...