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2024-02-01 10:22:35 Tether has released its 2023 Q4 financial report:

A record-breaking Q4 net profit of $2.85bn
2023 yearly net profit of $6.2bn
Its excess reserves registered an all-time high increase of $2.2bn, totalling $5.4bn
Cash and cash equivalents cover 90% of all issued tokens
Achieved new record highs in both direct and indirect ownership of US treasuries, with $80.3bn exposure

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2024-01-30 19:39:48 BREAKING: German Police Seize 50,000 Bitcoins Worth Over 2.17 Billion Euros, Allegedly Purchased with Money Earned from Operating a Film Piracy Website Until 2013

In a groundbreaking operation, the German police have confiscated around 50,000 Bitcoins, valued at approximately 2 billion euros. This incident marks one of the largest seizures of its kind in the country.

The Bitcoins were seized following investigations into two individuals suspected of operating a piracy website and engaging in money laundering activities. The suspects voluntarily transferred the Bitcoins to a federal authority. Investigations are ongoing, with more details to be released soon.

Source

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2024-01-24 15:18:13 NEW: Strike CEO tells Yahoo Finance "Jamie Dimon was Jeffery Epstein's banker" after JP Morgan CEO bashes Bitcoin

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2024-01-23 18:34:56 “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”

— Satoshi Nakamoto

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2024-01-21 16:04:07 NEW Info: Growth and Sustainability in Bitcoin Mining

In 2023, the Bitcoin mining network expanded by a massive 90%, sparking discussions about its environmental impact and profitability. This growth raises key questions about efficiency and energy costs.

A closer look reveals that the average cost of producing one Bitcoin stands at $37,856.

Enhancements in Mining Network Efficiency:

Despite the increasing demand for energy, significant strides in efficiency have been made. Current analyses show an average network efficiency of 34W/T, with predictions of a reduction to 10W/T by mid-2026.

Bitcoin Mining and Its Environmental Impact:

Bitcoin mining often taps into underutilized energy sources, typically in remote areas. Currently, about 53% of the energy used for Bitcoin mining comes from sustainable sources.

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2024-01-13 16:05:05 JUST IN: Bitcoin Price to Hit $150K in Just One Year, Expected to Reach $500K in Five Years, Says Fundstrat’s Tom Lee.

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2024-01-12 16:52:35 JUST IN: BlackRock CEO Larry Fink says Bitcoin is "no different" than gold and an asset that protects you.

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2024-01-12 13:43:59 Bitcoin ETFs Broke The Market

Bitcoin ETFs had a great first day, racking up $4.5B in trading volume. BlackRock's iShares Bitcoin Trust, traded as IBIT on Nasdaq, played a big part, getting close to $1B in volume and making up 22% of the total across all 10 spot Bitcoin ETFs.

There were 700,000 individual trades involving the 11 spot ETFs today. To put it in perspective, this is twice the number of trades for $QQQ (one of the largest ETFs offered by Invesco), although $QQQ handles much larger dollar volumes.

With this volume, the first 10 spot Bitcoin ETFs broke the Wall Street record set by the first Gold ETF back in 2004. Then, State Street Corporation launched Gold Shares (GLD) and racked up $1.63B in volume on opening day.

However, there’s a little downside to all this. While the total trade was $4.6B, GBTC was 50% of that $2.3B. The GBTC numbers were majority sales/outflows due to the higher fees and the old Bitcoin being locked up, which means that we didn’t have any net inflows...

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2024-01-11 18:22:07 JUST IN: #BlackRock releases an the first explainer video for their spot #Bitcoin ETF

“You might have noticed #Bitcoin  make it’s way into our every day lives”

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2024-01-10 14:22:59 SEC in a Nutshell

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