In comparison, Bitcoin’s second-best daily gain occurred in August 2021, when the price rose over $7,576 in 24 hours, from $38,871 to $46,448. Source: https://cointelegraph.com/news/bitcoin-sets-record-in-best-daily-gains-at-8-4k-as-btc-nears-90k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category: News
Made in USA: Mara Expands Mining Capacity, Bets Big on Bitcoin’s American Future
Mara, a publicly traded, U.S.-based mining conglomerate listed on Nasdaq, has announced a new expansion of its Bitcoin mining sites in the country. Two sites have already been acquired, and one is in development in Ohio, which will provide the company with 372 megawatts that will be fully energized by 2025. Mara Bets on U.S. […] Source: https://news.bitcoin.com/made-in-usa-mara-expands-mining-capacity-bets-big-on-bitcoins-american-future/
El Salvador and Bhutan see Bitcoin holdings surge amid market rally
El Salvador and Bhutan see major gains in Bitcoin holdings as BTC nears $90,000, raising the value of their crypto assets by millions amid the latest market rally. Source: https://cointelegraph.com/news/el-salvador-bhutan-bitcoin-holdings-surge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitget relaunches UK platform after compliance update with FCA rules
Bitget’s app relaunch in the UK comes a few months after the exchange restricted its website in the UK in accordance with the Financial Promotions regime in May 2024. Source: https://cointelegraph.com/news/bitget-crypto-app-relaunch-uk-fca-compliance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
First Dogecoin Millionaire Gets the Last Laugh: Close to $3 Million Round Trip
Glauber Contessoto, the self-proclaimed first dogecoin millionaire, has recovered from DOGE’s price downfall, which reduced his $3 million fortune to $50,000 last year. The “Slumdoge Millionaire,” as he calls himself on social media, stated that he never lost faith in the meme coin. “People love to kick you when you’re down but not when you’re […] Source: https://news.bitcoin.com/first-dogecoin-millionaire-gets-the-last-laugh-close-to-3-million-round-trip/
Bitcoin nears $90K, stages best weekly return since US banking crisis
Bitcoin’s rally shows no signs of slowing as it edges toward $90,000 in what is shaping up to be its best weekly run since the United States banking crisis in 2023. The Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, but just as a temporary pit stop. The world’s first cryptocurrency is trading at $88,879 as of…
Satoshi Action Fund’s Dennis Porter Heralds the Arrival of Nation-State Hyperbitcoinization
Dennis Porter, the co-founder of the Satoshi Action Fund, has recently revealed that several nations have contacted him to help establish a national bitcoin reserve. He stated that hyperbitcoinization at a nation-state level is advancing “faster than expected.” Satoshi Action Fund’s Dennis Porter: ‘The Lawmaker FOMO on Bitcoin Is Real’ The expected pro-crypto character of […] Source: https://news.bitcoin.com/satoshi-action-funds-dennis-porter-heralds-the-arrival-of-nation-state-hyperbitcoinization/
Sharding may return to scale Ethereum to millions of TPS
An Ethereum researcher’s social media post has sparked speculation over a potential solution for the layer-1 blockchain’s scalability challenges. On Nov. 11, Ethereum researcher Justin Drake posted on X that he would announce an “ambitious” initiative for Ethereum. Drake said he had contemplated a “from-scratch” redesign of the Ethereum consensus layer, which some interpret as a step toward solving its…
Sam Altman Shares Optimism for Cryptocurrency’s Bright Future
In a recent social media post, Openai CEO Sam Altman shared his optimistic outlook for the future of cryptocurrency, expressing confidence in the industry’s potential for growth and innovation. He emphasized the remarkable progress made at the blockchain ID company he co-founded, World (formerly known as Worldcoin), over the past year, crediting the team’s exceptional […] Source: https://news.bitcoin.com/sam-altman-shares-optimism-for-cryptocurrencys-bright-future/
Phishing scam via fake Zoom link costs GIGA investor $6M
A crypto memecoin investor holding Gigachad (GIGA) tokens has lost $6.09 million in a phishing attack involving a fake Zoom meeting link. On Nov. 12, GIGA recorded an unusual price drop triggered by a massive sell-off event. Soon after, a prominent pseudonymous GIGA investor ‘Still in the Game’ proactively alerted against the involvement of a hacker: “Just want to be…