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CryptoCurrency

Hut 8 Reports Decline in Q2 Revenue amid Low Mining Output

  • The company's revenue declined 56% year-over-year during the quarter.
  • The decline was contributed by the closure of the miner's North Bay facility.
Monday, 14/08/2023 | 18:01 GMT by Jared Kirui
CryptoCurrency

Binance Acknowledged in El Salvador, Granted Crypto Exchange License

  • The exchange was awarded a BSP license by the Salvadoran central bank.
  • So far, Binance is licensed in 18 countries.
Tuesday, 08/08/2023 | 15:55 GMT by Jared Kirui
CryptoCurrency

Coinbase Considers Integrating Bitcoin’s Lightning Network for Payments

  • OKX, Kraken, and Bitfinex have already integrated the network.
  • Lightning Network facilitates faster transactions on Bitcoin.
Wednesday, 02/08/2023 | 11:22 GMT by Jared Kirui
CryptoCurrency

South Korea Introduces Special Unit to Combat Illegal Crypto Activities

  • The unit is expected to protect investors in the country.
  • Crypto-related crimes have increased by nearly 120% in South Korea.
Wednesday, 26/07/2023 | 08:32 GMT by Jared Kirui
CryptoCurrency

Bitcoin and NFTs Propel Crypto Market in H1 2023: Report

  • The cryptocurrency market cap is up by nearly 50% year-to-date.
  • Across the sectors, meme tokens are the most popular type of digital asset.
Thursday, 20/07/2023 | 11:23 GMT by Jared Kirui
CryptoCurrency

Bitcoin Exchange-Traded Products (ETPs) Post Record Monthly Investments

  • The inflows were the second-highest since the launch of the first Bitcoin-based ETF.
  • The recent applications for spot Bitcoin ETFs await the SEC’s approval.
Wednesday, 19/07/2023 | 10:24 GMT by Jared Kirui
CryptoCurrency

HIVE Blockchain Crypto Production Falls in June to 259 BTC

  • HIVE produced 259 Bitcoins in June, which is less than the previous month.
  • The company maintained an average of 3.3 Exahash of Bitcoin mining capacity.
Monday, 10/07/2023 | 07:18 GMT by Damian Chmiel
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

With a New Act in Place, the UK May Be Embracing Crypto More than Ever

  • The new Financial Services and Markets Act enables regulation to safely adopt crypto.
  • VC firm a16z moving to London, while Binance exits the UK, and the BoE looks to CBDCs.
Friday, 07/07/2023 | 02:00 GMT by Sam White
CryptoCurrency

Hut 8 Reports Double-Digit Decline in Bitcoins Mined in June

  • The crypto miner produced 120 Bitcoins in June.
  • The figures represent a decline of 18% compared to the previous month.
Thursday, 06/07/2023 | 14:38 GMT by Jared Kirui
CryptoCurrency

Bitcoin Maintains Pole Position among Retail Traders in Q2 despite Market Fluctuations

  • Bitcoin strengthened its position as the most-held crypto on the eToro platform.
  • During Q2, BTC experienced an upswing that distinguished it from other cryptos.
Tuesday, 04/07/2023 | 12:44 GMT by Damian Chmiel
CryptoCurrency

SEC Dismisses Latest Spot Bitcoin ETF Applications as Inadequate

  • The remarks were made in relation to the applications by BlackRock and Fidelity.
  • There has been renewed interest lately in spot BTC ETFs among Wall Street giants.
Friday, 30/06/2023 | 22:00 GMT by Jared Kirui
CryptoCurrency

Fidelity Officially Submits Its Spot Bitcoin ETF Application

  • A previous spot Bitcoin ETF application of the company was rejected in 2022.
  • Following BlackRock’s application, several other firms also seek Bitcoin ETF approval.
Friday, 30/06/2023 | 08:28 GMT by Arnab Shome
CryptoCurrency

Crypto ETFs Attract Record Cash amid Regulatory Crisis in the US

  • In June, Wall Street giants took an interest in Bitcoin ETFs.
  • This triggered a record influx of dollars into already existing instruments, including the BITO fund.
Monday, 26/06/2023 | 11:44 GMT by Damian Chmiel
CryptoCurrency

Valkyrie Joins the Race for Spot Bitcoin ETF Approval

  • BlackRock, Invesco, and WisdomTree have also applied for spot Bitcoin ETFs.
  • But, the SEC has shown reluctance in the past citing inadequate market regulations.
Thursday, 22/06/2023 | 11:10 GMT by Jared Kirui
CryptoCurrency

Invesco and WisdomTree Join BlackRock in Pursuit of Spot Bitcoin ETF Approval

  • Bitcoin surges amid renewed interest in ETFs from Wall Street's giants.
  • Will Invesco and WisdomTree receive approval from the SEC this time around?
Wednesday, 21/06/2023 | 08:23 GMT by Damian Chmiel
CryptoCurrency

BlackRock Seeks Approval for a Spot Bitcoin ETF in the US

  • The SEC earlier rejected several applications for spot Bitcoin ETFs.
  • BlackRock launched a spot Bitcoin private trust for institutional clients last year.
Friday, 16/06/2023 | 09:31 GMT by Arnab Shome
CryptoCurrency

Binance Launches BTC Cloud Mining Product outside US

  • The new product is unveiled when the exchange and its CEO face a lawsuit in the US.
  • The exchange sells a minimum of 1 Terahash per second (Th/s) unit at $10.7280.
Thursday, 15/06/2023 | 07:44 GMT by Arnab Shome
CryptoCurrency

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

  • The new futures contracts only target institutional clients.
  • BTI and ETI futures are sized 1 BTC and 10 ether per contract.
Friday, 02/06/2023 | 15:58 GMT by Jared Kirui
CryptoCurrency

Binance Australia's $9k Bitcoin Discount Signals Investor Concern

  • Binance Australia sells Bitcoin way cheaper than competing exchanges in the region.
  • The discount results from investors fleeing before June's withdrawal suspension.
Tuesday, 30/05/2023 | 07:14 GMT by Damian Chmiel
Thought Leaders

Redefining Risk-Off Assets: The Continued Rise of Bitcoin Amid Growing Economic Turmoil

  • The global financial ecosystem is currently walking a tightrope.
Tuesday, 16/05/2023 | 13:25 GMT by FM
Thought Leaders

Mintlayer CEO Enrico Rubboli Is Bullish On Bitcoin - Here’s Why

  • Finance Magnates spoke to Enrico for his insights on the Bitcoin sector.
Friday, 12/05/2023 | 10:56 GMT by FM
CryptoCurrency

American Gets 4 Years Jail for Stealing Bitcoins from Crypto Mixer Helix

  • He siphoned over 712 Bitcoins using his brother’s credentials.
  • These Bitcoins were linked to Helix.
Friday, 28/04/2023 | 06:42 GMT by Arnab Shome
CryptoCurrency

Bitcoin NFTs on the Rise: The Impact of Ordinals on the Bitcoin Network

  • NFTs saw a popularity explosion in 2020, mostly minted and traded on the Ethereum blockchain.
  • Ordinal Theory is a numbering scheme that assigns a number to each Satoshi.
Monday, 24/04/2023 | 06:49 GMT by Sergei Khitrov
CryptoCurrency

HIVE Blockchain Produces More BTC in March 2022 despite Rising Mining Difficulty

  • HIVE mines more Bitcoin than in January and February 2023.
  • The more robust numbers were achieved despite the record-high mining difficulty.
Monday, 17/04/2023 | 08:24 GMT by Damian Chmiel
CryptoCurrency

Is MicroStrategy a Bitcoin Proxy for Institutions?

  • MicroStrategy recently purchased 1,045 BTC, taking its total holdings to 140,000 BTC.
  • Institutional buying of MicroStrategy shares increased in Q1, meaning greater BTC exposure.
Monday, 17/04/2023 | 06:38 GMT by Sam White
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