Flash Crash on Bitmex Sends Bitcoin Tumbling to $8,900

Flash Crash on Bitmex Sends Bitcoin Tumbling to $8,900Bitcoin’s price on Bitmex plummeted to $8,900 in a flash crash late Monday, diverging significantly from the global average price of around $67,400, due to large sell orders on the XBT/USDT pair. Bitmex is investigating the incident, which involved over 850 BTC being sold, causing the dramatic price drop while other exchanges showed prices well […]

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$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options

$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call OptionsRecent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets. Confidence Soars With Bets on Bitcoin Exceeding $100K Just last […]

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Over 93% of Bitcoin Mined Ahead of Fourth Halving, Signaling New Era of Scarcity

Over 93% of Bitcoin Mined Ahead of Fourth Halving Epoch, Signaling New Era of ScarcityAs of the current moment, 93.6% of bitcoin’s total supply has already been mined, leaving only 1.34 million bitcoins remaining to be extracted. After the upcoming halving event, the issuance rate of the leading digital currency will decelerate, significantly reducing its availability more than ever before. Additionally, post the 2028 halving, miners will receive 1.5625 […]

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Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues 

Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the […]

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Unveiling ‘Mr. 100’ — The Mystery Bitcoin Wallet Linked to Upbit’s Cold Storage

Unveiling 'Mr. 100' — The Mystery Bitcoin Wallet Linked to Upbit's Cold StorageIn the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that […]

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Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto Earnings

Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto EarningsOver the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming […]

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Speculation Rises on Whether Bitcoin’s Halving Is Reflected in Current Prices

Speculation Rises on Whether Bitcoin's Halving Is Reflected in Current PricesBitcoin has witnessed new highs in its price lately, with the premier cryptocurrency experiencing an over 60% increase since the beginning of the year. Meanwhile, the crypto community is abuzz with debates on whether the impending halving event is already reflected in the price. There’s a prevailing suspicion that despite bitcoin’s climb against the U.S. […]

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UK Court Rules Craig Wright Is Not Satoshi Nakamoto, Ending Weeks-Long COPA Case

UK Court Rules Craig Wright Is Not Satoshi Nakamoto, Ending Weeks-Long COPA CaseOn March 14, Judge James Mellor of the U.K. reached a conclusion in the high-profile case brought by the Crypto Open Patent Alliance (COPA) against Craig Wright, finding him not to be the individual behind the pseudonym Satoshi Nakamoto. This decision came after several weeks of proceedings, concluding with the final arguments recently presented. The […]

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Microstrategy Announces $500 Million Convertible Note Sale to Boost Bitcoin Holdings 

Microstrategy Announces $500 Million Convertible Note Sale to Boost Bitcoin HoldingsOn March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked for bitcoin acquisitions along with covering various general corporate expenditures. Microstrategy Continues Bitcoin Bet, Plans $500M Convertible Bond Sale Microstrategy […]

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Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments

Some of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency demonstrates the real estate agency’s openness and its eagerness to become “a leader within […]

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