Bitcoin
In-depth research, opinions, and analysis of Bitcoin trends.
Binance’s Bitcoin Reserves Are Collateralized 101%
<p>Following a review of the crypto exchange Binance’s proof-of-reserves and proof-of-liabilities, global auditor Mazars came to the conclusion today that the bitcoin reserves are properly collateralized. The collateralization ratio takes into account in-scope assets that are backed by out-of-scope assets and are loans through the margin and loans service offering. It was only concerned with</p>
Over 40% Of Australians Believe Bitcoin Can Hit $30,000 By 2023: IRCI Survey
<p>Bitcoin ranks first in brand identification, ownership, and general mood among 2,000 Australians polled by the Independent Reserve Cryptocurrency Index (IRCI). While 92% of Australians have heard of cryptocurrencies, Bitcoin has the highest levels of brand recognition, according to the survey. As a result, 90.80% of respondents had heard of Bitcoin. The majority of people</p>
Bitcoin Miners Revenue Hits Two-Year Low
<p>Bitcoin miners’ revenue fell to two-year lows due to poor market performance and increased computational demand amid rising network difficulty. Total Bitcoin mining revenue in US dollars fell to $11.67 million, according to Blockchain.com. In addition to the foregoing, the difficulty of mining a Bitcoin block has risen to an all-time high of about 37</p>
Bitcoin Is Not A Security, According To Belgian Regulator
<p>Bitcoin (BTC) and Ethereum (ETH) are not securities, according to a statement released on Thursday by Belgium’s Financial Services and Markets Authority. According to FSMA, the Belgian regulation is neutral as regards technology, i.e., whether an asset utilizes a blockchain or a more conventional method shouldn’t affect whether it is classified as a financial instrument</p>
More Than 50% Of Bitcoin Addresses Are Lost
<p>Most addresses holding bitcoin, the largest cryptocurrency, are now losing money, the first time that’s happened since the start of the coronavirus-induced crash of March 2020. Just over 51%, or 24.56 million addresses of the total 47.85 million, are below purchase price on their investments, according to data provided by blockchain analytics firm IntoTheBlock. About</p>
Bitcoin Miner Wallet Balances Hit A 10-month Low
<p>The amount of Bitcoin held by miner wallets has decreased to a 10-month low, according to data monitored by Glassnode. According to data monitored by blockchain analytics company Glassnode, the balance held in miner wallets has decreased by $30.4 billion over the last seven days. The Bitcoin mining hashrate, on the other hand, is moving</p>
Binance Saw 127,351 BTC Transferred To The Exchange
<p>Binance is seeing a massive amount of 127,351 BTCs inflows and a massive outflow of nearly 68,200 BTCs on Binance today. According to CryptoQuant data monitoring, 2 hours ago a large amount of 127,351 bitcoins were transferred to Binance, then 1 hour later, 68,200 bitcoins were withdrawn back to the wallet. These inflows and outflows</p>
Riot Reported Third Quarter 2022 Financial Results with 1,042 Bitcoin Produced
<p>On November 7, Riot reported financial results for the third quarter of 2022, current operational and financial highlights. Riot Blockchain, Inc., a Bitcoin mining and data center hosting industry leader, released financial results for the three months that ended September 30, 2022. Riot reports third-quarter 2022 results of $46.3 Million in total revenue, 1,042 Bitcoin</p>
CleanSpark Continues Expansion Of Bitcoin Mining With 3,843 More ASIC Miners
<p>CleanSpark today announced the purchase of 3,843 Antminer S19J Pro bitcoin mining equipment for $5.9 million, or about $15.50 per terahash, bringing the Company’s total number of machines purchased since the bear market began to over 26,500. The company recently purchased two facilities from other owners, as well as over 16,000 machines at a reduced</p>
Stone Ridge Launches A Program For The Bitcoin Lightning Network
<p>Stone Ridge, a multibillion-dollar fund manager, has announced a Bitcoin Lightning startup incubator. The Wolf accelerator program is now accepting applications for its inaugural batch. Each startup will get $250,000 in investment as well as consulting services from Stone Ridge and its sister business NYDIG, which focuses on institutional bitcoin services. Other venture capitalists and</p>
Global Bitcoin Payments Market Will Reach $3.7 Billion By 2031
<p>According to Allied Industry Research, the worldwide Bitcoin payments market will reach $3.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector to rise. According to the study, the primary causes driving development in the industry in the next</p>
Tesla Lost $170 Million On Bitcoin In The First Nine Months Of 2022
<p>Tesla stated that it has spent a total of $1.5 billion into Bitcoin since early 2021 in its most recent Q3 earnings report, which was submitted to the US Securities and Exchange Commission. The firm presently has $170 million in unrealized loss from the fluctuation in the fair value of its investment, which represents a</p>
Chinese Intelligence Officer Bribed $61,000 In Bitcoin To Collect US Secret Documents
<p>The US Department of Justice has found that two Chinese intelligence officers obstructed the US investigation into the Chinese-run company by bribing $61,000 in Bitcoin to obtain confidential documents about the investigation. On October 25, the US Department of Justice announced that it had successfully conducted a counterintelligence operation, discovering that two Chinese intelligence officers</p>