“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace […] Source: https://news.bitcoin.com/greenpeaces-anti-bitcoin-mining-for-power-report-receives-fierce-backlash-on-x/
The Bitcoin halving—the quadrennial event that slashes the rewards miners earn for supporting the network—looked to be on target for April 20 (4/20) as of Valentine’s Day last month. And at the time, Bitcoin investors were praying for a new all-time high price of $69,000. Ahem. Just over a week ago, however, the halving target had moved up to April…
The current regulatory environment in the United States is creating barriers for institutions attempting to enter the crypto space, says VanEck Head of Digital Assets Research Matthew Sigel. But this could soon change with the next presidential election. “The Biden Administration does not want banks and brokers to touch digital assets,” Sigel told Decrypt in an interview at the VanEck…
The Terra blockchain encountered an unexpected halt on Thursday, marking the second disruption within the month. The core team is actively investigating the issue, as stated in an official update. Despite this setback, the price of LUNA, Terra’s native token, has remained largely unaffected, with a weekly loss of nearly 13%. The Terra blockchain issued an official update regarding the…
Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at the next adjustment, set for on or around March 28, 2024. With the […] Source: https://news.bitcoin.com/bitcoin-miners-on-the-brink-of-surpassing-february-earnings-as-2-difficulty-adjustments-loom/
BlackRock (NYSE:BLK), the world’s largest asset manager, demonstrates its commitment to the digital asset space by launching its inaugural tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This move comes on the heels of its recent introduction of a spot Bitcoin (BTC) exchange-traded fund (ETF). In collaboration with Securitize Markets, LLC, BlackRock aims to offer qualified investors the…
The momentum of Bitcoin Exchange-Traded Funds (ETFs) experienced a decline as BlackRock’s inflows dropped significantly. On March 20, BlackRock’s inflows amounted to $49.28 million, while Grayscale’s ETF witnessed higher outflows at $386 million. For the second consecutive day, spot Bitcoin ETFs recorded negative flows. According to data from the financial research platform ‘SosoValue,’ Grayscale’s ETF GBTC observed a substantial outflow…
The price of Bitcoin may have fallen back below its earlier 2021 all-time high after touching a record level of nearly $74,000 last week, but some analysts are still bullish on the leading cryptocurrency. Global investment firm AllianceBernstein said in a Thursday note that the biggest digital coin by market cap will hit $90,000 by the end of this year,…
An investigation carried out by blockchain sleuth Zackxbt has found that the trend where individuals ask for funds on social networks and promote their meme coin launches has grown in popularity. Almost $150 million has been raised on Solana after Book of Meme (BOME), the token that pioneered this trend, launched earlier this month. Meme […] Source: https://news.bitcoin.com/meme-coin-presale-trend-goes-wild-on-solana-almost-150-million-raised/
Dymension—a layer-1 blockchain network built with Cosmos tech for app-specific “RollApps”—launched a massive token airdrop back in February, raining down $390 million worth of DYM tokens on crypto users across various communities. Now anyone who staked DYM can claim another airdrop from a RollApp building on the chain. NIM Network, a RollApp powered by Dymension and Celestia that is focused…
