120332
We post daily the best Bitcoin, Cryptocurrency & Blockchain News. Admin: @LevoBNTG
💰 X seemingly drops Bitcoin emoji during Bitcoin Conference week surprising community
Social media platform X, formerly Twitter, has seemingly discontinued its support for the Bitcoin emoji (also known as a hashmoji or hashflag). As of press time, when typing #bitcoin into X, no Bitcoin logo is generated. Initially introduced in 2020, the emoji appeared alongside the hashtag #Bitcoin, adding an orange Bitcoin symbol to tweets. This feature became a hallmark of Bitcoin discussions on the platform, and its recent removal has sparked a backlash from the crypto community.
Source
/channel/Bitcoin_NewsTg
💰 Lummis to propose Fed adopt Bitcoin as reserve asset at Nashville conference
Wyoming Senator Cynthia Lummis known for her pro-crypto stance, plans to propose that the Federal Reserve hold Bitcoin as a strategic reserve asset, akin to gold and foreign currencies, Fox News reported on July 24. The Republican senator, known for her pro-crypto stance, plans to propose that the Federal Reserve hold Bitcoin as a strategic reserve asset, akin to gold and foreign currencies. Sources told Fox that Lummis hopes former President Donald Trump will endorse the bill, lending significant weight to her proposal.
Source
/channel/Bitcoin_NewsTg
🇺🇸 ETHEREUM ETFs TO START TRADING TODAY
🤝 @Cryptocurrency_Inside ✅
💰 Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day for the fund for a week.
Source
/channel/Bitcoin_NewsTg
💰 Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.”
Source
/channel/Bitcoin_NewsTg
💰 Short-term holders recover gains as 87% of Bitcoin’s supply now in profit
Bitcoin's meteoric rise to $64,000 has turned the market green, reversing weeks of bearish performance. This uptick, triggered by shocking news, has significantly boosted short-term holder (STH) profitability metrics. For instance, the percentage of Bitcoin's supply in profit soared dramatically and STH-related ratios like NUPL have finally turned positive.
Source
/channel/Bitcoin_NewsTg
💰 Peter Brandt Anticipates Bullish Move for Bitcoin, Says 'Bears Are Trapped'
Veteran trader Peter Brandt’s recent bitcoin analysis suggests a bullish momentum, noting that a bear trap is confirmed by the July 13 close. However, this outlook is contingent on bitcoin staying above $56,000. Brandt recently predicted a potential BTC peak at $150,000 by late 2025.
Source
/channel/Bitcoin_NewsTg
💰 Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak
Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds have set a new record for cumulative total net inflows: $15.81 billion, according to SoSoValue data. The funds have added over $1 billion in assets under management since the beginning of the six-day streak. Friday, the latest trading day, was also the most successful day for net inflows since June 5, with spot bitcoin ETFs logging $310 million in net inflows.
Source
/channel/Bitcoin_NewsTg
💰 Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas
David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company.
Source
/channel/Bitcoin_NewsTg
🇩🇪 German Government Is Now out of 💰 Bitcoin, Arkham Data Shows
The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services.
Source
/channel/Bitcoin_NewsTg
💰 Bitcoin miner Iris Energy's stock plummets after short seller calls company a 'Prius at the Grand Prix'
Iris Energy’s stock plunged nearly 20% in midday trading Thursday after activist short seller Culper Research published a short report on the bitcoin miner’s stock. The short-seller analogized the company as looking “to win the Monaco Grand Prix, but just arrived to the track in a Toyota Prius.”. “IREN talks a big game of its HPC plans, but ultimately seems entirely disinterested in actually doing what it takes to compete in the space,” Culper analysts wrote in the report.
Source
/channel/Bitcoin_NewsTg
💰 Donald Trump to speak at Bitcoin 2024 conference in Nashville later this month: organizer
Former U.S. President Donald Trump was announced as one of the speakers at the Bitcoin 2024 conference in Nashville, Tennessee. The event, which is one of the world's largest bitcoin conferences, takes place from July 25 to 27. Over the past few months, the presumptive Republican Party presidential nominee has expressed strong support for the cryptocurrency and blockchain industry.
Source
/channel/Bitcoin_NewsTg
💰 US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million
Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the trading session. These inflows follow the $143 million accumulated on Friday, July 5. Blackrock’s Bitcoin Trust (IBIT) led the pack, attracting $187.21 million in inflows. This boost brings IBIT’s reserves to 310,470.32 BTC, valued at $17.83 billion, according to sosovalue.xyz stats.
Source
/channel/Bitcoin_NewsTg
💰 Bitcoin’s price drop created $441 million buying frenzy for crypto investment products
Bitcoin’s recent price struggles presented investors with “buying opportunities,” resulting in the inflow of $441 million into crypto-related investment products, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, explained that digital assets experienced heavy volatility last week due to selling pressures from the German government and news of defunct Mt. Gox’s repayments.
Source
/channel/Bitcoin_NewsTg
💰 Robert Kiyosaki Predicts $10 Million Bitcoin and $15,000 Gold After Major Market Crash
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents.
Source
/channel/Bitcoin_NewsTg
💰 MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC
Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block.
Source
/channel/Bitcoin_NewsTg
💰 BlackRock Bitcoin ETF surpasses Invesco QQQ Nasdaq fund in 2024 inflows
The recent performance of the iShares Bitcoin Trust (IBIT) has surpassed the Invesco QQQ Trust Series 1 (QQQ) in year-to-date net flows despite a significant difference in total assets. Spencer Hakimian, Founder of Tolou Capital Management, shared data showing how IBIT has attracted $18,968.31 million in YTD flows, compared to QQQ’s $18,899.72 million. This is despite IBIT’s total assets of $21,969.13 million being dwarfed by QQQ’s $287,224.16 million.
Source
/channel/Bitcoin_NewsTg
💰 Bitcoin miner HIVE Digital to build 100 MW crypto mining facility in Paraguay
The bitcoin mining firm HIVE Digital Technologies announced plans to build a new 100-megawatt (MW) crypto mining facility in Paraguay. "This potential opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to our Bitcoin mining operations, increasing our global EH/s to 12.1 EH/s," the firm's executive chairman Frank Holmes said in a release. "This represents a significant milestone in our diversified growth strategy and supports our commitment to expanding our global footprint with data center operations in Canada, Sweden, Iceland and now Paraguay."
Source
/channel/Bitcoin_NewsTg
💰 Veteran Trader Peter Brandt Identifies Bitcoin's Down Channel Pattern
Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt’s recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff’s bearish stance on the cryptocurrency.
Source
/channel/Bitcoin_NewsTg
💰 US spot bitcoin ETFs post ninth consecutive day of net inflows
The 11 U.S. spot bitcoin exchange-traded funds saw $53.35 million in total daily net inflows on Wednesday, extending the positive streak to its ninth day. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million. The largest spot bitcoin ETF in terms of net asset value saw $1.21 billion worth of trade volume on Wednesday. The only other fund that posted net inflows was Fidelity’s FBTC, which reported $2.83 million.
Source
/channel/Bitcoin_NewsTg
💰 Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days
Crypto exchange Kraken has received a pair of bitcoin and bitcoin cash transfers from the Mt. Gox Rehabilitation Trustee. Kraken appeared to write in an email to clients, according to a screenshot posted in the Mt. Gox creditors Telegram group. “While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.”.
Source
/channel/Bitcoin_NewsTg
💰 Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million
An old BTC wallet established on Sept. 25, 2012, moved 1,000 BTC at block height 852,190, as discovered by btcparser.com. This activation coincided with BTC reaching the $60,000 range for the first time in nearly two weeks. The 1,000 BTC, worth slightly over $60 million, remained untouched for 11 years and nine months. On the day the BTC was acquired, it traded at $12.10 per coin.
Source
/channel/Bitcoin_NewsTg
💰 Robert Kiyosaki Renews Bitcoin Buy Recommendation, Citing Wall Street Loading Up on BTC
Rich Dad Poor Dad author Robert Kiyosaki has renewed his bitcoin buy recommendation, noting that Wall Street is loading up on the cryptocurrency. He urged investors to seize opportunities amidst challenging circumstances. The famous author recently predicted that bitcoin could soar to an astounding $10 million following an economic crash.
Source
/channel/Bitcoin_NewsTg
🚀 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 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_NewsTg
💰 Malaysian crypto miners stole $722 million worth of power: energy official
Cryptocurrency miners in Malaysia stole at least RM3.4 billion ($722 million) worth of power between 2018 and 2023, the country’s energy official said. Akmal Nasrullah Mohd Nasir, deputy energy transition and water transformation minister, said on Wednesday that the illegal crypto mining activities have become more widespread, local news website Malay Mail reported.
Source
/channel/Bitcoin_NewsTg
💰 US national debt equates to 614 million Bitcoin at current prices
According to an infographic from Jeff Park, head of alpha strategies at Bitwise, Bitcoin ETFs have accumulated a staggering 247,018 Bitcoin since their launch. This is roughly double the 124,212 Bitcoin produced by miners since Jan. 11, the ETF launch date. This significant purchasing activity highlights the growing demand for Bitcoin amid a supply constraint exacerbated by the April halving, which cut the daily Bitcoin issuance from approximately 900 to 450 BTC.
Source
/channel/Bitcoin_NewsTg
💰 German Government Liquidates $741M in Bitcoin Holdings
Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in U.S. dollars.
Source
/channel/Bitcoin_NewsTg
💰 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_NewsTg
💰 Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY
Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April.
Source
/channel/Bitcoin_NewsTg