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Nasdaq-listed Bitcoin self-mining company Bitfarms announced adding 1000 Bitcoins for $43.2 M to its holdings. Presently, the company owns more than 4300 coins. With the recent acquisition, Bitfarm's holdings of bitcoin went up by 30%. In the published press release, the mining operations provider...
Thanks to a fairly reasonable price for electricity, Argentina has been and is a very attractive country for companies that are mining bitcoin. But regular media reports suggest that this is about to change as state-owned electricity wholesaler Cammesa is planning to raise its price for mining...
The number of criminal transactions involving Bitcoin and other cryptocurrencies reached record levels in 2021. A study by Chainalysis says that the volume of such transactions amounted to $ 14 billion. Compared to 2020, the use of digital currencies in fraudulent schemes, in the spread of...
In the last 7 days, Bitcoin, Ethereum, and other cryptocurrencies saw a major decline, except for Chainlink LINK, Cosmos ATOM and some others. Bitcoin dropped by over 12%, and currently trades at around $42.400. The second largest crypto, Ether, declined by over 14%. Ether's price at the moment is...
In the expert community, many believe that in the future, Bitcoin will be able to bypass gold in terms of capitalization. That will happen thanks to the ongoing institutional adoption of the cryptocurrency. Analysts at investment bank Goldman Sachs adhere to the same point of view. In a study...
Despite the holidays, the Coinbase crypto exchange has seen high activity of bitcoin whales since the end of December. According to the analytical company Kaiko, the number of transactions with a large volume of BTC has been increasing on the trading floor since last week. As a result of the...
Shares of the American corporation Apple over the past year rose 40%. During the same period, the first cryptocurrency has risen in price by 38%. In the middle of the first day of trading in 2022, the iPhone manufacturer's shares rose almost 3% to $ 182.86. As a result, Apple became the first...
El Salvador’s president Nayib Bukele shared his Bitcoin expectations for 2022. He assumes that this year the BTC price will hit $100.000. Bukele finds two other countries will legalize the coin, although he didn't specify what counties in his opinion they can be. The next BTC prediction from the...
The hashrate of the BTC network set a new all-time high of 209 exahashes per second on January 1. This number indicates the computational power that is used for minting new coins. In June 2021, the BTC hashrate saw a major fall, dropping as low as 61 EH/s. The main reason for the decline was the...
Data from Glassnode show early Bitcoin buyers aren't much interested in selling their coins, in spite of established price records and an all-time high in 2021. Activity movements tracker indicates that the percentage of bitcoins sold by old holders is near record lows. This means that the majority...
Currently under the control of mining pools is the largest number of bitcoins in 2021. According to the CryptoQuant company, the reserves of miners have already exceeded the maximum indicators in May. That is, over the past six months, the pools refused to sell all the received cryptocurrency and...
At the moment, about 1.3 million bitcoins are listed on exchanges, the CryptoRank team said in a statement. This volume of cryptocurrency accounts for 6.3% of the total BTC market supply. In October last year, the exchange balance of bitcoin was 9.5% of the supply of digital currency. Already in...
The president of El Salvador is at the center of discussions for his Bitcoin policy. In September El Salvador made Bitcoin legal tender, becoming the first country to do so. Along with this, the government has been adding its BTC holdings. President Bukele's move wasn't perceived well by everyone....
Over the past two years, bitcoin miners have joined the ranks of hodlers or long-term holders of cryptocurrencies. If in 2017-2019 mining pools mainly sold coins, then the latest data from the Glassnode platform shows that their strategy has changed. Since the beginning of 2020, they have chosen to...
US senator Cynthia Lummis, who is a supporter of crypto, announced her plans to put forward a comprehensive crypto bill that will bring the industry clarification. The politician is in favor of including crypto in financial systems properly. A Bloomberg release says, the regulatory structure that...
During a talk program Squawk Box, Galaxy Investments CEO Mike Novogratz said that with increasing demand from institutions for Bitcoin, the volatility of the coin is likely to reduce. According to Novogratz, that is a good thing. In his opinion, BTC is a store of value and not a transactional...
The US SEC continues to disapprove physically-backed Bitcoin Exchange Traded Funds (ETFs). On Dec. 22, the regulator released the decisions on the requests from the exchanges NYSE Arca to trade shares of the Valkyrie BTC Fund and Cboe BZX to trade Kryptoin BTC ETF Trust. The reasons for rejections...
The SOPR indicator exceeded one, and it suggests that investors are selling at a profit. The day before, this indicator was below 1, that is, traders were selling bitcoins at a loss for themselves. The growth of the index today was the result of an improvement in the situation in the crypto market....
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