Approximately 6,000 old Bitcoin mining rigs in the United States will soon be unused and sent to a warehouse in Colorado Springs, where they will be refurbished and resold to people looking to profit from mining in a low-cost environment of overseas buyers.
JinseFinanceBitcoin is hovering near its lowest level in about two weeks on lower inflows into dedicated exchange-traded funds and concerns that the scope of U.S. interest rate cuts is narrowing.
JinseFinanceBitcoin extended its pullback as investors digested record single-day outflows from the world's largest exchange-traded fund and fading expectations of a rate cut from the Federal Reserve.
JinseFinanceGlobal NFT sales plunged 63% to $8.7 billion last year, leaving many assets virtually worthless, according to CryptoSlam.
JinseFinanceAs of Monday, the $24.2 billion Grayscale Bitcoin Trust (ticker GBTC) had seen $7.4 billion in outflows in 31 trading days. GBTC has not seen a single inflow since converting to an ETF in mid-January.
JinseFinanceGolden Finance launches the 2239th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceThe number of Bitcoins held by miners has dropped recently; falling reserves could signal a fall in Bitcoin prices.
JinseFinanceBlackRock's iShares Bitcoin ETF (IBIT) reaches a remarkable $2 billion AUM within ten days, indicating a robust investor trust and a significant shift in the cryptocurrency investment landscape.
AlexGolden Finance launches the 2204th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceStar finance writer Matt Levine an entire BusinessWeek magazine issue to write about crypto. That may be game over for hard-line skeptics.
Coindesk