🔸️ Bitcoin News

2024-04-06 12:54:55 Bitcoin.org Owner Cobra Predicts Next Bitcoin 'Great Divide'

Cobra, the pseudonymous owner of the Bitcoin.org domain, has anticipated what might be the next conflict in the Bitcoin arena. According to him, a conflict that will face two sides to change the face of Bitcoin’s scope and focus is looming and might develop soon. Cobra believes that this new battle for Bitcoin will face a party that seeks to maintain Bitcoin as it is and another that will seek to evolve Bitcoin to include more features to enhance Bitcoin’s features and functionality.

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2024-04-05 19:44:55 Bitcoin-like mining is taking off on Solana with Ore

Bitcoin-like mining has come to the Solana blockchain with a project called Ore, and its success is increasing strain on the network. Ore takes the core idea behind mining, where a miner solves cryptographic puzzles to secure the network while earning crypto, and applies it to its own token’s launch on the Solana blockchain. Miners can take home a share of 1 ORE per minute, distributed by the number of puzzles they each solve. The supply of ORE is set to reach 21 million tokens after 42 years but it has no maximum supply limit.

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2024-04-05 09:49:55 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 19:54:56 Spot Bitcoin ETF flows turn positive this week as Grayscale’s GBTC outflows slow

This week’s flows into the combined U.S. spot Bitcoin exchange-traded funds turned positive on Wednesday, eclipsing the net outflows witnessed on Monday. Wednesday’s $113.5 million worth of net inflows, following the $40.3 million added on Tuesday, were enough to surpass the $87.5 million in net outflows registered on Monday, according to CoinGlass data. Fidelity’s FBTC spot Bitcoin ETF led yesterday’s inflows, adding $116.7 million, with BlackRock’s usually dominant IBIT fund second, bringing in $42 million.

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2024-04-01 16:44:58 Tether becomes seventh largest Bitcoin holder with recent $618 million purchase

Tether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to Bitinfocharts data. On-chain data shows that the stablecoin issuer received approximately 8,889 BTC, valued at around $618 million, from a Bitfinex hot wallet on March 31. This purchase amplified Tether’s total Bitcoin holdings to approximately 75,354 BTC, valued at $5.23 billion. Tether now owns 0.3% of the flagship digital asset’s total circulating supply.

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2024-03-30 18:39:59 Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin

Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S. a chance to avoid a “debt death spiral.”. He also outlined a series of proposals aimed at tackling this fiscal challenge.

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2024-03-29 21:29:00 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 18:39:58 Sell-side risk ratio hit 3-year high as Bitcoin broke above $73k

Bitcoin, a specific metric silently predicts the market's next move — the sell-side risk ratio, a nuanced measure comparing daily investor activity against Bitcoin's total market capitalization. The metric has recently hit levels not seen since March 2021. This surge came after an impressive price jump from $45,330 to $73,104, catching the eye of savvy investors.

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2024-03-27 18:56:04 Spot bitcoin ETFs break five-day outflow streak

After five consecutive days of outflows, spot bitcoin exchange-traded funds (ETFs) experienced a total net inflow yesterday. The net inflow into spot bitcoin ETFs on Monday totaled $15.7 million, according to data from SoSo Value. This follows consecutive single-day outflows of as much as $326.2 million, which occurred on March 19, per The Block's data.

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2024-03-25 19:30:00 Michael Saylor telling journalist Laura Shin Bitcoin is going up "forever" 3 years ago

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