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Bitcoin (BTC)

Mt. Gox Transfers $709M in Bitcoin to Unknown Wallet

On Tuesday night, Mt. Gox transferred 12,000 Bitcoin, valued at $709.44 million, to an unknown wallet address, according to blockchain analytics firm Arkham. The transaction took place at approximately 11:39 p.m. UTC. In addition to this, 1,264.69 BTC, worth $74.77 million, was sent to another address identified by Arkham as a cold wallet belonging to Mt. Gox. These funds have not been transferred further since the initial move. Late last week, one of the wallets linked to the BitGo exchange...

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Crypto Assets-Ökosystem immer diverser: Vielfalt in der Schweiz und Liechtenstein wächst

Das Crypto Valley konzentriert sich in Zug und Zürich – mit gewichtigen Ablegern in Liechtenstein, Genf, Tessin und Waadt. In der Schweiz und Liechtenstein hat sich in den letzten Jahren ein diverses Ökosystem rund um Investitionen in Crypto Assets entwickelt. Auch in den letzten zwölf Monaten ist dieses stetig gewachsen und hat an...

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Hut 8 Reports $71.9M Q2 Loss Despite 72% Surge in Bitcoin Mining Revenue

Hut 8 Corp. (HUT), a leading North American Bitcoin miner, announced its financial results for the second quarter ending June 30, 2024. The company reported a net loss of $71.9 million despite a 72% year-over-year revenue increase to $35.2 million. Hut 8’s Q2 Financial Results In an August 13 press release, Hut 8 reported that its revenue for the quarter ending June 30, 2024, rose to $35.2 million, up from $20.5 million in the same period last year. This growth was fueled by...

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Experts Refute Damning IMF ‘Attack Piece’ on Crypto Mining

In a post on X on Aug. 16, crypto ESG advocate and researcher Daniel Batten posted a rebuttal to an Aug. 15 IMF report on Bitcoin mining emissions. He argued that the IMF report uses flawed rhetorical techniques, such as “guilt by association,” by linking Bitcoin mining with AI data centers’ energy consumption. The report titled “Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help” bundled crypto and AI together, labeling them as “power hungry” threats to...

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