Bitcoin (BTC)

Bitcoin (BTC) has fallen 4.5% in the past seven days, going to a monthly low of $65,000. This plunge in the digital asset’s value could be linked to increased selling from mining entities. In the latest CryptoQuant weekly report, analysts revealed that the number of BTC sent from Bitcoin mining entities to exchanges has reached a two-month high amid a decline in their revenues due to lower transaction fees. Miner Selling Hits Two-Month High On June 9, the hourly transfer of...

After 18 months of continuous uptrend in the Bitcoin network’s hashrates, June saw a decline. While several theories emerge about the cause of the phenomenon, it looks like miners with older ASIC systems (specialized mining rigs) are disconnecting from the network because it is no longer profitable. Thus, the reduction in the total hashrate of the network. Bitcoin’s hashrate, which has currently dropped to 600 exahashes, is the processing power miners need to solve a cryptographic puzzle to...

« Rejoignez nous au Bar Bello pour notre Meetup de juin. Venez parler Bitcoin et socialiser avec vos maxis montréalais préférés. La cuisine sera ouverte et des cocktails seront servis. Toutes les factures peuvent être payées via Lightning – alors apportez vos sats ! Ce mois-ci, il y aura une brève présentation sur les initiatives minières décentralisées présentée par Jonathan de D-Central. » Où...

Bitcoin, PayPal, WISE oder SEPA gefällig? Binance P2P sichere Plattform für den Handel mit Kryptowährungen, der Millionen von Nutzern weltweit vertrauen. Sie bietet mehr als 800 Zahlungsmethoden und mehr als 100 Fiatwährungen. Der Peer-to-Peer (P2P)-Markt von Binance lockt mit der Aussicht auf lukrative Einnahmen durch den Handel mit Kryptowährungen. Doch wie viel lässt sich tatsächlich monatlich verdienen? Die Antwort ist nicht pauschal, sondern hängt von mehreren Faktoren...

Bitcoin’s price actions have calmed during the weekend, as it has happened quite frequently lately, and the asset remains still at just over $66,000. The weekly scale is quite painful for most crypto assets, as BNB and NEAR have dumped by double digits. UNI and TON are among the few exceptions. Bitcoin’s Volatile Week As mentioned above, the last several weekends have been quite dull in terms of price movements and so was the previous one, in which BTC stood at around...

Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since the start of the year. $500M Not Enough Ever since August 2020, when it announced its first BTC purchase, the NASDAQ-listed business...

Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied offering payment options in digital currencies. Bitcoin Dominates Transactions According to TRM Labs, the overall...

El Salvadoran president Nayib Bukele is advancing a proposal that will create ‘Banks for Private Investment’ (BPI) offering increased financial services with fewer restrictions to Bitcoin and Dollar investors. Bukele has been a proponent of Bitcoin adoption in the country, making it BTC legal tender in 2021. In fact, El Salvador was the first nation to do so. As his second presidential term rolls on, he is pushing for the introduction of BPIs working differently than the country’s traditional...

Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has failed to hold above the $66K level and is currently going through a correction. This is not a good sign, as the cryptocurrency recently broke above a large descending channel but has struggled to continue higher, making it a fake breakout. The...

Canadian singer, rapper, and songwriter Drake has placed two bets of $500,000 each on the NHL’s Edmonton Oilers and the NBA’s Dallas Mavericks to win the Stanley Cup and NBA finals, respectively. However, these teams winning their leagues looks highly unlikely as they have registered three losses and zero wins so far. Drake placed the bets using BTC on Stake, a popular online crypto casino he is often known to frequent and livestream his gambling activities. He posted on Instagram, “Dallas...