BTC

Ukrainian military group receives hundreds of thousands in BTC donations

Ukrainian military group receives hundreds of thousands in BTC donations

advertisement Bitcoin donations to a pro-military Ukrainian group have surged in the past day. Russian President Vladimir Putin deployed what he termed a special military operation against Ukraine early Thursday morning, launching a series of missile attacks. Ukraine is now facing a full-scale invasion from Russia on three fronts. As Ukraine braces itself against further …

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Genesis reports a downtrend in Bitcoin demand as institutions move on to Ethereum, DeFi

Genesis reports downtrend in BTC demand as institutions prefer ETH, DeFi

‘Tis the season of releasing earnings reports, and the third-quarter growth has not so well for some companies directly engaged in cryptocurrencies. This has been largely thanks to the wild price fluctuations Bitcoin has experienced lately. For instance, Microstrategy, the world’s biggest corporate holder of Bitcoin, witnessed paper losses from holding the digital asset on …

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MicroStrategy takes its Bitcoin holdings to 114,000 BTC ($5.1 billion)

MicroStrategy takes its Bitcoin holdings to 114,000 BTC ($5.1 billion)

Business intelligence firm MicroStrategy has purchased a further 5,050 bitcoin, taking its total holdings to 114,042 BTC, according to a statement today. The firm spent $3.16 billion on this entire stash, which has a current value of $5.1 billion — a 42% gain. Since making several major purchases toward the end of last year and …

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A lack of precedent leads Swedish court to return 33 BTC after law enforcement seizure

A lack of precedent leads Swedish court to return 33 BTC after law enforcement seizure

A Swedish court has mandated that the country’s government owes an alleged drug dealer more than $1.3 million in bitcoin due to the way in which law enforcement sold some of their seized crypto. Swedish Law Enforcement seized the man’s holdings of 36 BTC in connection with the offenses during proceedings, and a court valued …

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Poolin launches Ethereum hash rate token worth $30 million

Poolin halts payout for BTC, ETH hash rate tokens after China’s crackdown

Poolin, one of the major Chinese crypto mining pools, has temporarily halted the bitcoin and ether mining payouts to users who have staked their hash rate tokens on Poolin’s Mars protocol. Poolin said in a blog post on Friday that the operations of its proprietary bitcoin miners that serve as the underlying assets backing its …

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Bitcoin transaction values and fees grew in 2020’s third quarter

The U.S. government auctions off 0.7501 BTC for $9,000 above market price

The United States General Services Administration (GSA) auctioned off 0.7501 Bitcoin at just over $9,000 above market price on Wednesday.  There were 31 total bidders, and the highest bid was for $53,104 — about $9,000 above the current market price of roughly $44,000 that 0.7501 BTC is currently priced. The GSA auction took place in …

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Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH

Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH

Meitu, a Chinese photo retouching app listed in Hong Kong, has announced it purchased $40 million worth-of bitcoin and ethereum. The firm said in disclosure Sunday on the Hong Kong Stock Exchange that it has bought 15,000 units of ETH and 379.12 units of BTC in open market transactions at an average cost of $22.1 …

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With under 2.434 million Bitcoin left to mine, how much should a newbie invest in BTC?

With under 2.434 million Bitcoin left to mine, how much should a newbie invest in BTC?

Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates. Many traditional financing institutions have included Bitcoin in their portfolios and are increasing their hold on Bitcoin. Now that there is less than 2.434 million Bitcoin left to mine, the race to …

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Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,971-$16,487 BTC above its 10-day and …

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