Crypto Futures Trading

2024-02-26 09:31:12 Grayscale’s Bitcoin ETF records lowest outflows since conversion

Grayscale’s GBTC posted $44.2 million in withdrawals on Feb. 23, marking its lowest daily volume since transitioning to an ETF. Grayscale’s Bitcoin Trust (GBTC) has seen outflows reach their lowest point over the past few days, signaling a slowdown in withdrawal volumes. According to data from BitMEX Research, GBTC had withdrawals of $44.2 million on Feb. 23, the lowest daily volume since its conversion on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).

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2024-02-25 23:01:54 Riot Platforms Bitcoin mining output surged by 19% in 2023: report

The cost of mining Bitcoin in 2023, after factoring in power credits allocated to self-mining, averaged $7,539 per Bitcoin. This marks a 33% decrease from the $11,225 average in 2022. Jason Les, CEO of Riot Platforms, unveiled the company’s performance in 2023, highlighting it as another significant milestone in its journey as a vertically integrated Bitcoin (BTC) miner. Les touted total revenues of $281 million, production of 6,626 Bitcoin, and earnings of $71 million in power credits.

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2024-02-25 09:00:53 Pantera Capital Predicts 'Strong' Crypto Bull Market Over Next 18-24 Months

American hedge fund Pantera Capital has predicted “a strong bull market” for cryptocurrencies over the next 18-24 months. “With the halving expected to occur in late April 2024, we believe the convergence of these positive things will provide strong tailwinds for the next bull market,” said Pantera founder Dan Morehead.

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2024-02-24 20:05:30 Cash App Records 90% Surge in Bitcoin Sales Gross Profit

In the recently released earnings report for the fourth quarter, Jack Dorsey-led payments firm Block showcased impressive growth in its Bitcoin-related activities. Block, which operates the popular Cash App, disclosed a substantial increase in gross profit from selling bitcoin, reaching $66 million. The report unveiled the total sale amount of bitcoin to customers, denoted as Bitcoin revenue, standing at $2.5 billion for the fourth quarter, indicating a robust 37% year-over-year increase.

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2024-02-24 11:05:14 Avalanche Is Back Up After Failing to Produce Block for Four Hours

Layer-1 blockchain Avalanche resumed finalizing blocks on Friday, four hours after an outage took the network offline due to a software bug, according to its status page and block explorer. Avalanche stopped adding blocks at 11:13 UTC, according to the status page, which noted that developers for the network had already begun investigating the issue. At 15:59, developers released a software upgrade for Avalanche nodes that disabled logic which led to an "excessive amount of gossip" between validator nodes.

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2024-02-23 23:35:06 New Trade for #VTHO/USDT (Chart: 1 Hour TF)

VTHO/USDT Looks good on 1 Hour time moving along rectangular support price reversal many times from this region. Also on a breakout.

Entry: $0.004969 - $0.004613

Target 1 : 0.005105
Target 2 : 0.005252
Target 3 : 0.005399
Target 4 : 0.005841
Target 5 : 0.006429

SL : 0.004428

@ChartsSignalsTrading Open / Comment

2024-02-23 18:45:26 Texas Blockchain Council including Riot file lawsuit against US Energy Department over Bitcoin miner survey

Riot Platforms and the non-profit association, the Texas Blockchain Council (TBC), have initiated legal action against the US Energy Department and associated entities, such as the Energy Information Administration (EIA) and the Office of Management and Budget (OMB), concerning their recent move to survey Bitcoin miners. The EIA justified this survey, sanctioned by the OMB, as an emergency data collection measure, claiming that US miners accounted for approximately 2.3% of the nation’s total electricity demand in 2023.

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2024-02-23 11:50:22 Reddit Embraces Crypto: IPO Filing Reveals Bitcoin, Ether Investments

Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval by our board of directors for any investments in cryptocurrencies.”

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2024-02-22 20:00:30 NFT platform inscribes Nintendo 64 emulator onto Bitcoin

Blending 1990s gaming nostalgia with blockchain technology, NFT platform Ninjalerts has inscribed a Nintendo 64 emulator onto the Bitcoin network — enabling users to play multiplayer games in their browser across Ordinals explorers and marketplaces. The move is part of the company’s “Pizza Ninjas” profile picture NFT project and follows the inscription of a Super Nintendo Entertainment System emulator onto the Bitcoin network last month.

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2024-02-22 12:45:24 Arbitrum Foundation funds crypto-related film from Oscar-winning producer

Arbitrum Foundation has decided to finance a film project which promises to explore the world of digital art "through the lens of a new user falling down the crypto rabbit hole." Arbitrum, announced on Wednesday its partnership with the new media company Dpop Studios and will help finance "New Here," a film that will examine how "artists are using new technologies like blockchain and AI to shape the future."

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