Bitcoin Magazine

12 июля 2024 19:29

💰 Bitcoin miner Bitfarms sets vote date on Riot's attempted takeover step

Bitcoin miner Bitfarms has set Oct. 29, 2024, as the date for a special meeting of its shareholders to vote on reconstituting its board of directors following Riot Platforms’ requisition for the meeting on June 24. Bitfarms shareholders as of the record date of Sept. 26, 2024, are entitled to vote at the meeting, the firm said in a statement on Friday, but are not required to take any action at this time.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

12 июля 2024 06:44

💰 From 50,000 to 4,925 BTC: Germany's Bitcoin Sell-off Continues

Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 BTC, valued at approximately $283 million. The wallets have divested about 5,000 BTC since 9 a.m., including 3,185 BTC moved during overnight sessions.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

11 июля 2024 06:54

💰 Core Scientific to add 15 EH/s through Block’s 3nm Bitcoin mining ASICs

Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

09 июля 2024 18:45

💰 Bitcoin ETFs see largest inflow since June 5 at $294 million

According to Farside data, Bitcoin ETFs experienced a significant surge in inflows on July 8, marking the largest influx since June 5. The total net inflow was $294.8 million. Leading the charge was BlackRock’s IBIT, which recorded an impressive $187.2 million inflow, the largest since June 6. This substantial addition brings BlackRock’s total net inflow to a remarkable $17.9 billion. Fidelity’s FBTC also saw a significant boost, with $61.5 million added, increasing its total net inflow to $9.4 billion.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

08 июля 2024 20:45

💰 Bitfinex whales boost long positions by 10,000 BTC during Bitcoin correction

Bitcoin is still going through its consolidation phase of the cycle, stabilizing around the $57,000 mark. Notably, Bitfinex whales have significantly increased their long-margin positions, now holding 58,595 BTC. This marks an increase of 10,000 BTC since the low of 48,455 BTC on June 13, when Bitcoin’s price was $66,000. This level of long-margin holdings was last seen on March 1, when Bitcoin was climbing to its all-time high, and whales were strategically offloading BTC at the peak.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

07 июля 2024 18:01

💰 Bitcoin ETFs score highest net inflows in 30 days amid volatility from Mt. Gox unlocks

Despite the price of bitcoin falling as low as $54,000 in recent days, down about 25% from its peak above $73,000 in March, spot bitcoin ETFs had their strongest day of inflows for a month on July 5, gaining $143 million in total. Four out of the 11 top spot bitcoin ETFs saw inflows which added up to over 3,000, worth about $172 million at current prices, with about 80% of that sum going to Fidelity's FBTC fund. The ETF offerings from Bitwise (BITB), Ark 21Shares (ARKB), and VanEck (HODL) drew the remainder of the inflows, while Grayscale's GBTC saw 500 BTC of outflow, worth about $29 million, according to Coinglass data.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

05 июля 2024 20:45

💰 Bitcoin suffers fifth largest realized loss since FTX collapse amid Mt. Gox panic

Bitcoin’s recent price dip to around $54,000 has triggered one of the largest realized losses since the FTX collapse, specifically the fifth biggest realized loss since. This significant sell-off is primarily attributed to panic selling spurred by news related to Mt. Gox. On July 5, within a one-hour resolution, Bitcoin’s aggregated realized loss soared to $814 million. $587 million of these losses were incurred by short-term holders who had held Bitcoin for one to three months.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

05 июля 2024 10:30

💰 Mt. Gox moves $2.7B in Bitcoin to new wallet address

The collapsed Japanese crypto exchange Mt. Gox has transferred 47,229 Bitcoin (BTC) — worth $2.71 billion at current prices — to a new wallet address in its first major transaction since May. According to blockchain analytics platform Arkham Intelligence, the exchange transferred the Bitcoin at 12:30 am UTC on July 5 out from “cold storage."

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

04 июля 2024 08:35

💰 Europe’s largest Bitcoin miner Northern Data to launch IPO in the US

Europe’s largest Bitcoin miner, Northern Data AG, has announced plans for a substantial initial public offering (IPO) in the US at a valuation between $10 billion and $16 billion. The IPO, which will be held on the Nasdaq stock exchange, is scheduled for the first half of 2025 and may also include selling a minority stake to investors prior to the public listing.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

03 июля 2024 08:35

💰 CleanSpark mined 445 bitcoin last month, exceeds mid-year hashrate target of 20 EH/s

CleanSpark mined 445 bitcoin last month, up from May’s 417 mined. The bitcoin miner said it exceeded its mid-year target of 20 EH/s in operational hashrate due to its acquisition of five new bitcoin mining sites in Georgia. The company sold 8.06 bitcoin in June at an average price of approximately $67,514 per bitcoin, according to a press release. The average hashrate throughout the month was 17.85 EH/s.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

02 июля 2024 07:14

💰 Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows

As bitcoin (BTC) looks to recover from the July loss, new challenges loom, with onchain data suggesting a potential resistance at $65,000. The leading cryptocurrency by market value traded nearly 1% higher at $63,200 as of writing, looking to regain some poise after ending June with a 7% loss. June's drop, which reversed May's upswing, mainly occurred due to miner selling and concerns that ETF inflows represent non-directional arbitrage bets instead of outright bullish bets.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

01 июля 2024 06:45

💰 Bitcoin sees all-time-low weekend trading levels following ETF approvals: Kaiko

Bitcoin's reputation, at least in the mainstream, is nearly synonymous with volatility. However, the cryptocurrency's once-wild weekends may be a thing of the past, as in 2024, trading volume on weekends has sunk to its lowest level in bitcoin's history. While in 2019 up to 28% of bitcoin trading volume took place on the weekends, this past year that number has been only 16%, according to a new report from cryptocurrency research firm Kaiko.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

29 июня 2024 09:45

💰 Bitdeer’s stock climbs after revealing 570 MW expansion in Ohio

Bitcoin miner Bitdeer has announced a 570 MW strategic partnership with the Monroe County Port Authority in Ohio to boost its power capacity, according to a June 28 statement shared with CryptoSlate. Under this arrangement, Bitdeer will lease the land in the county’s Hannibal Industrial Park in Clarington for 30 years. The site is a former aluminum processing facility with power infrastructure to support large loads.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

28 июня 2024 09:55

💰 Bitcoin Miner CleanSpark (CLSK) Buys Out GRIID In $155 Million Stock Transaction

CleanSpark (CLSK) – one of the largest publicly traded Bitcoin mining firms – announced on Thursday that it had acquired one of its smaller competitors, GRIID Infrastructure, in an all-stock deal. The merger agreement required CleanSpark to assume all debts and other obligations from GRIID. It also required CleanSpark to provide GRIID with a $5 million working capital loan, and to pay down a bridge loan of $50.9 million to satisfy other obligations from the smaller miner.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

27 июня 2024 08:14

📣 Nvidia Insider Trading Alert : 🆘 CEO Jensen Huang just sold an additional $29.3 million worth of $NVDA shares. He's now sold roughly $125 million over the last 2 weeks.

🤝 @Cryptocurrency_Inside ✅
More News on X

Bitcoin Magazine

12 июля 2024 07:12

🚀 Exciting News! 🚀

Hey everyone! 🌟 Ready to get your hands on a FREE Airdrop? 🤑 Click on the link below to join the fun!

🔗 Join the Bot

Rumor has it that this amazing opportunity is brought to you by the same team behind NotCoin! 🌐✨ Don't miss out on this chance to start the bot and claim your free airdrop. 🎉

Hurry up, you don't want to be the only one missing out! 🚀💰

👉 Start Now

#Airdrop #Crypto #Freebies #JoinNow

Bitcoin Magazine

11 июля 2024 22:10

💰 German government continues bitcoin transfers, now holds less than 10,000 BTC

Right on schedule, a wallet controlled by a German government authority has transferred more bitcoin to centralized exchanges Bitstamp, Kraken and Coinbase, among other entities, with the presumed intent to sell on Thursday. At around 7:51 a.m. UTC, the German government moved exactly 375 bitcoins ($21.8 million) to Bitstamp, 375 bitcoins ($21.8 million) to Kraken and 375 bitcoins ($21.8 million) to Coinbase — totaling 1,125 bitcoins ($65.3 million). It also moved 1,000 bitcoins ($58.1 million) to a wallet identified by Arkham as belonging to B2C2 Group.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

10 июля 2024 10:30

💰 Bitcoin sees surge in new addresses as its price drops

Despite the market downturn, the number of new addresses on the Bitcoin network has reached a two-month high, with the seven-day moving average (7DMA) recording over 317,000 new addresses on Friday, July 5. This increase is particularly noteworthy given that price has fallen by over 10% during the same period. To put this in perspective, the beginning of last week saw the 7DMA at just 263,000 new addresses. This marks a substantial 20% week-on-week increase.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

09 июля 2024 08:55

🇩🇪 German Government Prepares To Sell Another $900 Million In Bitcoin

The government of Germany began readying for its biggest Bitcoin dump yet on Monday, sending $900 million worth of the digital currency to trading venues. It stated the government sent 2738.7 BTC ($155.3 million) to “likely exchanges and market makers” including Kraken, Cumberland, an unidentified address, and an address likely related to an institutional or over-the-counter (OTC) trading service. Cumberland and the unidentified address were first-time recipients of government coins.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

08 июля 2024 06:35

💰 Bitcoin Network Sees Second Largest Difficulty Reduction of 2024

Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This reduction, the second-largest this year, follows a 5.62% drop that occurred on May 9 at block height 842,688. Both significant decreases came after the fourth halving event at block height 840,000. Despite hashprice levels hitting unprecedented lows, the hashrate remains at 582.33 exahash per second (EH/s).

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

06 июля 2024 12:55

💰 $537 million Binance deposits tied to BTC price drop suggest whales selling: LookOnChain

Two wallets have deposited 9,500 to Binance since June 27, potentially indicating whales liquidating nearly $550 million in cryptocurrency. The wallets, first spotted by blockchain analytics firm Lookonchain, could represent whales cashing in on their bitcoin holdings, which are currently valued at $537 million. When the transfers began last week, the stash was worth closer to $575 million.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

05 июля 2024 17:09

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

Bitcoin Magazine

04 июля 2024 21:31

💰 Justin Sun eyes $2.3 billion German Bitcoin stash despite community skepticism

Justin Sun claims to be interested in buying the German government’s extensive Bitcoin stash, estimated to be valued at $2.3 billion. Last month, the government began divesting some of these assets via centralized exchanges like Coinbase, Bitstamp, and Kraken. As of press time, it had sold the Bitcoin to a balance of 40,359 BTC, worth $2.3 billion, according to the Arkham Intelligence dashboard.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

03 июля 2024 22:05

💰 Bitcoin correlation to S&P 500 goes negative indicating potential bottom

Bitcoin (BTC) has often mirrored the S&P 500 (SPX), with periods of positive correlation in the past five years, notably during the COVID-19 pandemic in 2020 and 2021, where both assets traded nearly 1:1. This trend continued towards the end of 2021 and throughout 2022, as both BTC and the SPX declined in tandem. In the first quarter of 2024, both Bitcoin BTC and SPX experienced significant gains.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

02 июля 2024 20:54

🇩🇪 German government sends another $17.6 million in 💰 bitcoin to Coinbase, Bitstamp and Kraken: Arkham

Bitcoin addresses labeled as belonging to German authorities appeared to send another 282.74 ($17.6 million) to Coinbase, Bitstamp and Kraken on Tuesday morning — indicating a potential intention to sell the assets — according to on-chain analytics provider Arkham. The German government-labeled addresses began sending bitcoin to crypto exchanges last month following the seizure of 50,000 BTC from the film-piracy site Movie2k in January.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

01 июля 2024 22:15

💰 CoinShares notes potential sentiment turn for bitcoin despite ETFs’ weekly outflow streak

U.S. spot Bitcoin exchange-traded funds witnessed a combined $37.3 million in net outflows last week for the third consecutive week. Grayscale’s converted GBTC ETF led the outflows with $155 million exiting the higher-fee fund, followed by Franklin Templeton’s EZBC and VanEck’s HODL, which registered $17.3 million and $3.3 million in net weekly outflows, respectively.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

29 июня 2024 23:50

💰 Central Bank of Bolivia Unbans Bitcoin From the Nation's Financial Ecosystem

The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto service providers into its economy. The institution derogated a 2020 resolution prohibiting financial institutions from facilitating crypto-related payments.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

28 июня 2024 20:35

💰 Wall Street blends digital gold Bitcoin with physical gold in new ETF filings

Traditional financial institutions are finding new ways to offer investors access to digital assets via exchange-traded funds (ETFs). On June 27, Henry Jim, an ETF Analyst with Bloomberg Intelligence, reported on three ETF products that would provide investors access to Bitcoin, Gold, Ethereum, and MicroStrategy. Tidal Investments and Quantify Chaos Advisors have jointly filed a prospectus for a new ETF offering indirect exposure to Bitcoin and Gold.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

27 июня 2024 18:29

💰 Bitcoin options implied volatility rises sharply on short-dated puts as traders prepare for potential downside swings: analysts

According to the CF Benchmarks' Bitcoin Volatility Index, the implied volatility for both short-dated puts and short-dated calls was approximately the same at the end of May, prior to the recent market downturn, during which bitcoin's price has fallen by over 14% in the past month. However, CF Benchmarks analysts are now observing a significant increase in implied volatility for near-term puts compared to their corresponding calls.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

27 июня 2024 06:35

🥇 Bitcoin derivatives poised for 'quadruple witching' volatility as Friday's quarterly options expiry approaches, analyst says

The bitcoin options market is braced for heightened volatility, with over 20% of open interest on Deribit set to expire in-the-money (ITM), several analysts said to The Block on Wednesday. "As we approach Friday’s large quarterly expiry, potentially influenced by ‘quadruple witching’ and related volatility in U.S. markets, over 20% of Deribit open interest is set to expire in-the-money, equating to over $2.7 billion, total notional size of Friday's options expiry is over $10 billion," Deribit CEO Luuk Strijers told The Block.

Source

/channel/Bitcoin_Magazine