Blockstream Mining issues hashrate-backed security token in fundraise
Blockstream is essentially selling four-year claims on the proceeds from its Bitcoin mining operations in exchange for funding. Go to Source
Bitcoin
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Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as … Read more
A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC and ETH still lag … Read more
Fractal Bitcoin: good or bad for mining revenues?
August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated. Go to Source
BTC price rides US jobs miss amid warning Bitcoin could retest $49.5K
Bitcoin fails to halt a low-timeframe BTC price decline for long as traders look to the week’s final US jobs data. Go to Source
Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to … Read more
Getting paid in crypto: Dubai court ruling shows increasing acceptance
Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation. Go to Source
Bitcoin transactions dive 30% in 6 months amid BTC price ‘disinterest’
Bitcoin is well and truly stuck, analysis concludes, but there are signs that a BTC price breakout from an increasingly “unstable” range is brewing. Go to Source
Bitcoin DeFi TVL will top Ethereum’s within 2 years: Core DAO contributor
Core DAO contributor Brendan Sedo says it’s a “no-brainer” that most of the $1 trillion dollars of capital in the Bitcoin ecosystem will make its way into sidechains and DeFi. Go to Source
Bitcoin Halving Events No Longer Drive BTC Price, Report Says
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital … Read more