Crypto Whales Scoop Up $227 Million in Bitcoin Amid Market Dip
TL;DR Crypto whales have withdrawn 4,014 BTC from Binance valued at $227.7 million over the past week. An investor withdrew 999.999 BTC, equivalent to $55.09...
Tag : Bitcoin
U.S. Spot Bitcoin ETFs Witness $1 Billion in Net Outflows Over Seven Days
by jose
TL;DR Significant Outflows: U.S. spot Bitcoin ETFs saw net outflows exceeding $1 billion from August 27 to September 5, reflecting growing investor concerns and market...
ZachXBT Analyzes Block Explorers: The Good, the Okay, and the Worst
TL;DR ZachXBT criticized the quality of several block explorers, noting that many need a complete overhaul. Bitcoin explorers like Blockchair, Mempool, and WalletExplorer were rated...
Bitcoin Hashrate Hits Record High: Impact on BTC Price and Mining
by Fernando
TL;DR Hashrate Record: The Bitcoin network’s hashrate reached a historic high of 742 EH. Increased Production Costs: The total cost to mine one BTC has...
Bitcoin Struggles Below $59,000 Amid Market Uncertainty
by jose
TL;DR Market Struggles: Bitcoin has faced significant challenges, struggling to stay above $59,000 amid declining demand from US spot Bitcoin ETFs and large whale deposits...
Metaplanet and SBI Group Form Strategic Alliance to Boost Bitcoin Trading and Custody
by Fernando
TL;DR Metaplanet Inc. announces a strategic alliance with SBI VC Trade for the management and custody of Bitcoin. The collaboration seeks to improve tax efficiency...
Anonymous Investor Withdraws Nearly $500 Million in Bitcoin from Coinbase: Market Speculates on Next Moves
TL;DR An anonymous investor withdrew nearly $500 million in Bitcoin from Coinbase, distributing the funds across 50 transactions of 157 BTC each. There is speculation...
BlackRock IBIT Dominates Bitcoin ETF Market with Record Inflows
by Fernando
TL;DR BlackRock leads net inflows into Bitcoin ETFs with $20.931 billion. BlackRock’s IBIT recorded $224.1 million in a single day, outperforming other ETFs. Other ETFs,...
Bitcoin Centralization: Two Mining Pools Control 57% of Hashrate
TL;DR Foundry USA and AntPool control 57% of Bitcoin’s hashrate, raising concerns about centralization. The concentration of power in a few pools increases the risk...
El Salvador’s Bitcoin Journey: Leading the Way in Crypto Adoption
by jose
TL;DR Daily Bitcoin Purchases: Since March 16, 2024, El Salvador has been buying one Bitcoin daily, adding 162 Bitcoins to its reserves, now totaling 5,851...
