In this section you will find all news, analysis and forecasts related to bitcoin.
In an official communication, the prominent Bitcoin-oriented marketplace Babylon generated $18 million in a Series A funding round. The successful fundraising was led by the leading investment company in San Francisco, Polychain Capital, in collaboration with Hack VC. Other participants included in…
In readiness for the fourth Bitcoin halving, crypto firms are exploring ways to maximize their profits before April 2024, when the reward for mining BTC will be reduced by half. The attempt to solve the complex puzzle revolving around the upcoming Bitcoin…
The prominent lightning wallet provider Wallet of Satoshi (WoS) has suspended its services in the US. In an advanced communication, the WoS claimed to have removed its application from Apple and Google app catalogs, marking a dramatic exit from the US market….
In a recent report, Fidelity Investment seeks to expand its product offering by introducing the Ethereum exchange-traded funds (ETF). On Thursday, November 16, the Fidelity team filed for the Ethereum ETF with the US Securities and Exchange Commission (SEC). This impressive move…
As the countdown to April 2024 Bitcoin halving begins, critical players in the crypto sector forecast that the demand for BTC will double down. Michael Saylor, the co-founder of MicroStrategy, anticipates that BTC will increase by ten times before the end of…
In an advanced announcement, hackers launched a malicious attack on the Poloniex hot wallet, draining assets worth $126 million. The hacking incident was first flagged by Peckshield at 10:55 UTC on November 10 after hackers transferred a measurable amount of funds to…
There are high hopes for the approval of a spot Bitcoin ETF in the U.S. This has led to optimism that Bitcoin’s price will rise, so the entire industry is looking forward to the approval. However as decisions on the already submitted…
Analysts at JP Morgan have said the rally in the crypto market is “overdone”, making them doubt the sustainability of the ongoing trend. The analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday that said the rally has been fueled…
Tether has extended its loan facility to German data center operator, Northern Data Group. The $610 million loan will help Northern Data Group expand its Bitcoin mining, AI, and data center operations. “Northern Data Group entered into a loan agreement with a…
The year has been mostly rough for the crypto market, and investors were already getting used to the status quo. However, Bitcoin made a comeback recently, rising close to $35,000 and taking the rest of the market with it. The comeback wasn’t…
In the past few days, the bulls have been active in the market. The resurgence of the bulls has triggered an uptrend among best-performing crypto assets. The bullish movement in the crypto industry has become a point of discussion among blockchain analytic…
With the ongoing spot Bitcoin exchange-traded fund (ETF) discourse, the leading asset manager in Sao Paulo, Hashdex, has made an exciting move to end the US Securities and Exchange (SEC) delays in approving the pending applications. On Thursday, October 26, the Hashdex…
In an official communication, Paul Brody, the head of blockchain at Ernst & Young (EY), observed the changes in demand for Bitcoin among institutional clients. Addressing the CNBC team on Monday, October 23, the executive stated that institutional clients have been reluctant…
Applied Digital, a Dallas-based crypto mining company, has dramatically intensified its Bitcoin mining output. On Friday, the Applied Digital team officially launched a new data center in Texas. According to the announcement, the new mining facility will generate 200 megawatts. The report…
In a recent report the government of Uzbekistan revealed plans to adopt restrictive measures in crypto mining. A bill on licensing crypto mining activities has been discussed in several Uzbekistan legislative bodies. In an exclusive interview with a local newsroom, the National…
As the crypto sector prepares to tap new opportunities in the upcoming Bitcoin halving, miners in Kazakhstan have expressed concerns on the limitations imposed by the government on crypto mining. In October 3 report the crypto miners advised President Kassym-Jomart Tokayev to…
Foundry, the US-based crypto mining service provider, has shared a report on the amount of Bitcoin hash rates generated in the region. The report demonstrated that Texas leads other states in developing Bitcoin hash rates. Per Foundry report, Texas generates approximately 28.5%…
JPMorgan financial arm Chase Bank announced plans to impose restrictions on crypto transactions in the UK. In a blog post, the Chase bank team confirmed that from October 16, UK retail and institutional clients will be restricted from engaging in crypto transactions….
Mixin Network, prominent blockchain protocol that addresses scalability concerns, has suffered loss of substantial assets after the hackers compromised its database. In a September 23 update, the Mixin team lamented that hackers launched a malicious attack on the protocol, draining assets worth…
The Japanese Bitcoin exchange platform Mt. Gox has prolonged the deadline for repaying the creditors to next year. A letter penned by Nobuaki Kobayashi, the head of trustee, illustrated that the repayment period has been moved to October 31, 2024. The trustee…
