🔸️ Bitcoin News

2024-05-04 17:40:29 Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges

Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event. In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% increase on the year-on-year metrics. This uptick is primarily attributed to the 15% boost in its operational hashrate, now standing at 21.1 exahash.

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2024-05-03 19:30:35 Bitcoin holds above $59,000 as short liquidations spike

Bitcoin short liquidations spiked above $24 million in the past 24 hours as the price rebounded from a multi-month low of below $57,000 on Monday. A total of $33 million in bitcoin positions were liquidated in the past 24 hours amid the volatility. The wider cryptocurrency market experienced over $112 million in liquidations during the same period. Of these combined crypto liquidations, the vast majority — around $70 million — were short positions, according to Coinglass data.

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2024-05-03 07:30:42 Texas A&M Professor Korok Ray presents that Bitcoin “is the first time in the history of human kind where we see the value of scarcity illustrated”

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2024-05-02 20:30:44 Former PayPal President David Marcus says Bitcoin is “going to be the native currency of AI”

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2024-05-02 08:35:10 MicroStrategy launches an enterprise platform for building decentralized identity applications on Bitcoin — MicroStrategy Orange

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2024-05-01 20:44:59 Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’

Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” Last year, Zhao admitted guilt to federal money laundering charges. Prosecutors spotlighted a corporate culture at Binance that neglected fraud prevention in pursuit of expansion, resulting in his departure from the company and a hefty $150 million fine. This sentencing arrives at a critical juncture for the emerging industry, which is witnessing intensified regulatory scrutiny worldwide.

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2024-05-01 07:29:58 NEW: Bitcoin spot ETF recently went live in Hong Kong

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2024-04-30 22:04:58 US spot bitcoin ETF outflows continue with $51.5 million more exiting

Spot bitcoin exchange-traded funds in the United States saw more than $51.5 million in net outflows yesterday. Notably, the Grayscale Bitcoin Trust was not the biggest culprit. The ARK 21Shares Bitcoin ETF saw $31.34 million leave the product on April 29, while GBTC experienced $24.66 million in net outflows, per data from SoSoValue. The Fidelity Wise Origin Bitcoin Fund also saw a net outflow of $6.85 million.

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2024-04-30 10:15:18 MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC

MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, Founder & Chairman Michael Saylor announced today. The company initially entered the Bitcoin market in August 2020, making a significant initial investment of $250 million into BTC.

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2024-04-29 21:20:26 Ethereum Gas Fees Six-Month Low Suggests Impending Altcoin Rally: Santiment

Gas fees on the Ethereum network have dropped to a six-month low. The average cost is $1.12 per transaction, marking the lowest figure since October 18. Analysts from Santiment noted that this drop in gas fees could be the start of an upcoming altcoin rally. According to Santiment, traders typically cycle between periods of extreme optimism, often characterized by the belief that a certain asset is set for exponential growth, and periods of pessimism, marked by the sentiment that it is declining.

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