Bitcoin Magazine

2024-04-06 20:49:55 Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

Bankrupt crypto lender Genesis has completed the sale of its Grayscale Bitcoin Trust (GBTC) shares and used the proceeds to purchase 32,041 bitcoins, according to court documents filed Friday. The sale of GBTC shares was completed on April 2, the documents show. On Feb. 15, Genesis received permission from a New York bankruptcy court to sell the nearly 36 million shares in GBTC, as well as additional shares in two Grayscale Ethereum trusts.

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2024-04-06 11:59:55 Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Bitdeer stated that as of March 31, it had “committed orders for wafers” from TSMC, anticipating that the assembly of these rigs would generate $60 million from Sealminer A1 mining equipment.

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2024-04-05 20:34:55 BlackRock adds 5 new APs to spot Bitcoin ETF including Goldman Sachs, Citadel, Citigroup

BlackRock, the world’s largest asset manager, has today updated the list of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The ETF, which has been live since January 11, 2024, allows investors to gain exposure to Bitcoin without directly holding the digital assets. According to the latest prospectus, BlackRock has added five new Authorized Participants to the list, expanding the total number of APs from four to nine. The new additions include ABN AMRO Clearing USA LLC, Citadel Securities LLC, Citigroup Global Markets, Inc., Goldman Sachs & Co. LLC, and UBS Securities LLC.

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2024-04-05 08:49:55 Bitcoin mining market cap eclipses $20 billion as industry continues growing amid challenges

Quick Take The Bitcoin mining industry has reached a significant milestone, surpassing a market capitalization of $20 billion, now standing at $20.6 billion, according to Farside data. This milestone emphasizes the growing significance of public miners within the Bitcoin ecosystem, contributing approximately 28% of the global hash rate.

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2024-04-04 19:24:55 Binance set to end Bitcoin NFT support despite recent surge in interest

Crypto exchange Binance is set to end support for Bitcoin NFTs less than a year after they were introduced to its marketplace. Binance said in a blog post on Thursday it would not support any further airdrops, benefits, or utilities associated with Bitcoin NFTs after April 10, citing “ongoing efforts to streamline product offerings” on its NFT marketplace.

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2024-04-01 20:24:59 BlackRock CEO Larry Fink says their spot Bitcoin ETF "is the fastest growing ETF in the history of ETFs."

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2024-03-30 19:51:59 Bitcoin exchanges’ BTC balances have dropped almost $10B in 2024

Nearly $10 billion worth of Bitcoin has left crypto exchanges since the United States spot exchange-traded funds (ETFs) launched. Data from on-chain analytics firm Glassnode shows that since Jan. 11, exchanges are down over 136,000 BTC. Bitcoin supply dynamics continue to sway in bulls’ favor as exchanges see mass withdrawals this quarter. The U.S. spot Bitcoin ETFs have been trading for less than three months, but in that time, around $9.5 billion worth of BTC has been withdrawn from major trading platforms.

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2024-03-30 12:26:06 ​From Concept to Launch: Your Crypto Spot Brokerage Ready in 7 Days with B2Trader!

@B2Broker announces the release of B2Trader Brokerage Platform (BBP), a disruptive crypto spot trading solution that reinvents the way you can enter the surging crypto market! BBP’s speed, efficiency, and advanced features will help you adopt a crypto trading service that benefits you and your customers equally!

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2024-03-29 22:29:00 Bitcoin futures open interest reaches new high at $38 billion

Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization. Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date.

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2024-03-28 18:49:58 Larry Fink ‘very bullish’ on Bitcoin after IBIT’s record-breaking performance

BlackRock CEO Larry Fink said the record-breaking performance of IBIT has made him more bullish about the future of Bitcoin. Fink made the statement during an interview on Fox Business on March 27, where he called the company’s spot Bitcoin ETF the most rapidly expanding fund in history. He also said that the SEC classifying Ethereum as a security would not be that detrimental to its future and would not hamper the company from issuing a spot ETH ETF.

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