Crypto news

The Bundeskriminalamt (BKA), or the Federal Criminal Police Office of Germany, moved 900 BTC on Tuesday, selling 400 of those to Coinbase and Kraken. Both exchanges received 200 BTC, respectively. On-chain analysis shows a wallet labeled German Government (BKA) moved the assets over three different transactions. While two of those transactions sent assets to exchanges for liquidations, the third transferred 500 BTC to a wallet labeled ‘139Po.’ The reason for the transfer and the relationship...

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Hut 8 has secured $150 million from Coatue Management, causing its stock price to rise by at least 4%. Other Bitcoin miners who provide AI-related services also saw their stock values increase because of the news. Soluna Holdings (SLNH) jumped 17%, and Applied Digital (APLD) rose 10%. The investment depicts Bitcoin miners expanding their computational capabilities to AI firms. Miners are trying to increase revenues, which have taken a hit across the board because of the Bitcoin halving. Hut...

As times change, people’s attitudes towards energy have also changed. They rely on recycling renewable energy such as solar and wind energy to provide fuel for their new energy cloud mining operations, thereby significantly reducing mining costs and integrating remaining resources. Electricity is integrated into the grid. Not only does it save a lot of energy consumption, it also generates high profits, allowing investors to see opportunities in new energy sources. In the fast-paced world of...

Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst first noted on Tuesday that the activity of Bitcoin miners – a cohort “often overlooked” by market watchers. Since the fourth Bitcoin...

Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak. Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours. AI Tokens Rally as NVDA Plunges Crypto traders closely monitor Nvidia as a key indicator for the AI cryptocurrency market. While there have been instances of parallel movement, such as during...

A popular Republican congressman introduced legislation that would require the United States Treasury to accept tax payments in bitcoin. Pay Taxes With Bitcoin The bill, authored by Rep. Matt Gaetz (R-Florida), would order the Treasury Secretary to “develop and implement a method to allow for the payment with bitcoin of any tax imposed on an individual.” The legislation marks the first official national-level efforts from a U.S. politician to bring bitcoin closer to being a...

The Singapore-based cryptocurrency exchange Bybit has overtaken its rival, the U.S.-based Coinbase, to become the second-largest digital asset trading platform after Binance. According to a press release citing a report from crypto analytics platform Kaiko, Bybit’s market share has surged from 8% to 16% since October 2023, while Coinbase’s share increased by 1% over the same period. Due to the steady growth, Bybit surpassed Coinbase in March to become the second-largest...

[PRESS RELEASE – Chicago, United States, June 25th, 2024] GolfN is the first golf app to use the power of tokenization and digital collectibles to empower its members to earn rewards for playing and engaging with a physical sport.  GolfN, Inc., today announced the closure of its $1.3 million Pre-Seed funding round. The round saw participation by prominent blockchain investors, including leading personalities and projects in the Solana ecosystem – CitizenX, Fourth Revolution...

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