In a significant shift, Bitcoin (BTC) spot exchange-traded funds (ETFs) listed in the U.S. recorded net inflows of just over $28.7 million on Monday, marking the end of an unprecedented streak of outflows totaling $1.2 billion. This surge in inflows is noteworthy given the recent bearish sentiment surrounding the cryptocurrency, particularly as outflows from these … Read more
In a notable development, U.S. spot Bitcoin ETFs have experienced a significant outflow of approximately $1.2 billion over the past eight days. From August 30 to September 6, investors withdrew substantial amounts from 12 spot BTC ETFs, marking the longest period of outflows since these funds were introduced in January 2024. This wave of withdrawals … Read more
Bitcoin ATMs have become increasingly popular for individuals looking to buy or sell cryptocurrency, offering a level of convenience that mirrors traditional ATMs. However, as reported by CNBC on September 8, these machines have also attracted the attention of hackers and scammers, exposing users to new risks. Timothy Bates, a cybersecurity professor at the University … Read more
The cryptocurrency market is experiencing significant turbulence as Bitcoin (BTC) and Ethereum (ETH) linked exchange-traded funds (ETFs) report record outflows. This development is amplifying the already volatile market conditions and raising concerns among investors. Bitcoin ETFs Face Record Withdrawals On September 6, Bitcoin ETFs suffered a staggering $170 million in withdrawals, contributing to a total … Read more
Despite a recent decline in Bitcoin’s price, long-term investors are making a notable move by withdrawing significant amounts of Bitcoin from exchanges. Over the past week, $728 million worth of Bitcoin has been taken off exchanges, reflecting a strategic accumulation by long-term holders amid market uncertainty. Large Withdrawals from Crypto Exchanges Data from IntoTheBlock reveals … Read more
Agile Energy X, a subsidiary of Japan’s Tokyo Electric Power Company (TEPCO), is venturing into Bitcoin mining by utilizing surplus renewable energy. This innovative approach aims to transform wasted green energy into significant revenue, potentially generating $2.5 billion annually from excess power. Using Surplus Green Energy for Crypto Mining Agile Energy X is setting up … Read more
Fractal Bitcoin, a highly anticipated scaling solution for Bitcoin, has officially launched its mainnet today. Developed by wallet provider Unisat and supported by blockchain investor and development firm Block Space Force, Fractal Bitcoin introduces a unique approach to Bitcoin scalability by working directly with the Bitcoin Core codebase. The mainnet launch follows extensive testing on … Read more
Bitcoin (BTC) has recently experienced a sharp decline, falling by 7% and dropping below $52,900 for the first time in over a month. This significant drop has sparked concern among investors and crypto enthusiasts. Understanding the factors contributing to this sudden downturn is crucial for predicting Bitcoin’s future movements. U.S. Job Data Triggers Bitcoin Decline … Read more
In the ever-evolving world of cryptocurrency, the strength and security of Bitcoin’s network are increasingly evident. Recent data highlights that the network is executing an impressive average of more than 740 quintillion hash computations per second, a testament to the immense computational power being applied by miners globally. This surge in hash rate not only … Read more
In a significant development for the cryptocurrency landscape, the Core Foundation has introduced LstBTC, a groundbreaking ERC-20 token designed to bridge the gap between Bitcoin’s staking rewards and liquidity. This innovative liquid staking token is pegged 1:1 with Bitcoin (BTC) and aims to address a persistent issue for Bitcoin holders: the challenge of earning rewards … Read more