Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential […] Source: https://news.bitcoin.com/report-bitcoins-mining-landscape-braces-for-shift-as-halving-could-slash-100-eh-s-of-hashpower/
In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an […] Source: https://news.bitcoin.com/from-rollups-to-sidechains-l2-watch-catalogs-dozens-of-bitcoin-layer-2-solutions/
In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In […] Source: https://news.bitcoin.com/9-new-bitcoin-etfs-accumulate-1-3b-in-btc-in-6-days-as-funds-near-the-500000-milestone/
Karate Combat has professional fighters, former UFC champions, and crypto influencers facing off in fast paced fights with minimal rules—while over 40,000 users bet on who will win. The league has been running fights since 2018, but over the past year has slowly garnered more and more attention, all culminating with its most recent fight—where beleaguered influencer Ben “BitBoy” Armstrong…
This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with […] Source: https://news.bitcoin.com/nft-sales-tumble-18-57-in-7-days-amid-broad-crypto-market-retreat/
Artificial intelligence and its convergence with blockchain technology were hot topics at the annual VanEck Blockchain Conference in Los Angeles. For Tom Bilyeu—creator of the Project Kyzen 3D avatar and game platform—proof of authenticity is the perfect first use case, particularly in the face of AI-generated deepfakes. “I think [AI deepfakes] are going to escalate so dramatically in 2024 as…
As of March 22, the bitcoin holdings of Grayscale’s Bitcoin Trust (GBTC) have diminished by 27,917.37 compared to its status three days prior, now amounting to 350,252 bitcoin valued at approximately $22.2 billion. Since evolving into an exchange-traded fund (ETF) listed on public exchanges, GBTC has shed billions in bitcoin over the preceding 71 days. […] Source: https://news.bitcoin.com/from-peak-to-present-gbtcs-bitcoin-holdings-decrease-by-266827-btc-in-71-days/
About the Author Alexander Zaidelson is the CEO of Secret Labs, or SCRT, which specializes in scaling technologies to ensure privacy across Web3. He previously served as Chief Business and Data Officer of Israel-based decentralized exchange (DEX) VirtuSwap, where he remains a strategic advisor. The views expressed here are his own and do not necessarily represent those of Decrypt. We…
A London resident reportedly caught with bitcoins worth over $4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical Assets A British woman, found in possession of bitcoins currently valued at over $4.3 […] Source: https://news.bitcoin.com/uk-court-convicts-woman-found-with-more-than-4-3-billion-in-btc/
Illustration by Mitchell Preffer for Decrypt. Bitcoin seemed to be on a roll earlier this month, reaching a new all-time high ten days ago. Now it’s struggling to break above its longstanding top of $69,000 set in November 2021. What’s going on? For a start, Grayscale selling coins isn’t helping. The massive fund manager was again shifting crypto to its…
