BTC

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 …

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

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 …

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

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 …

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

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 …

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

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 …

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

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 …

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

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 …

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

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

According to a recent lawsuit filed in the Western District Court of Texas, data center power management firm Lancium has accused bitcoin mining firm Layer1 of infringing upon its patented technology to adjust power usage in bitcoin mining facilities.  Backed by investors like PayPal Co-founder Peter Theil and the Digital Currency Group, CoinDesk’s parent company, …

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement Read More »

Bitcoin mining at home yields 'pristine BTC with more privacy'

Bitcoin mining at home yields ‘pristine BTC with more privacy’

Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers. As Bitcoin’s mining difficulty surged, thanks to professional mining groups with specialized computer chips and high processing power, the mining industry carved a niche …

Bitcoin mining at home yields ‘pristine BTC with more privacy’ Read More »

50 BTC Just Moved for First Time Since 2009 – But It Doesn't Look Like Satoshi

50 BTC Just Moved for First Time Since 2009 – But It Doesn’t Look Like Satoshi

The bitcoin market sold off more than 7% Wednesday, according to Bitstamp market data, after a Twitter bot alleged a recent bitcoin transaction came from a wallet possibly belonging to Satoshi Nakamoto, the protocol’s creator.  But almost nothing supports the rumour that the coins indeed belong to Nakamoto. “Whale Alert”, a popular Twitter bot account …

50 BTC Just Moved for First Time Since 2009 – But It Doesn’t Look Like Satoshi Read More »