Category: BTC

MicroStrategy adds another $10 million in bitcoin to its holdings

MicroStrategy adds another $10 million in bitcoin to its holdings

MicroStrategy has made yet another addition to its growing stockpile of bitcoin. On Tuesday, the publicly traded company bought 229 BTC for $10 million at an average of roughly $44,000 per BTC, according to an 8-K form filed with the Securities and Exchange Commission.  MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in […]

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Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars

Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars

The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to “attract new customers and sales.” Collector Car Auctions Giant Plans to Start Accepting Crypto Assets at Dana Mecum’s Original Spring Classic The Wisconsin-based […]

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FTX partners with Magnus Carlsen’s chess company to sponsor tour and bonus prize of $100K in bitcoin

FTX partners with Magnus Carlsen’s chess company to sponsor tour and bonus prize of $100K in bitcoin

Crypto exchange FTX has partnered with Norway-listed chess company Play Magnus Group, founded by current world chess champion Magnus Carlsen, for a long-term deal. As part of the deal, FTX will become the official crypto exchange partner of the Meltwater Champions Chess Tour and the presenting partner of the next Major of the Tour, the […]

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Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy

Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy

The crypto economy has dropped significantly in value during the last few days tapping a low of $2.06 trillion on Monday. Additionally, the leading crypto asset bitcoin has seen its market dominance drop to 40% of the crypto economy’s overall valuation. Bitcoin’s dominance index hasn’t been this low since June 2018. Bitcoin Dominance Drops to […]

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Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process

Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process

Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for […]

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Greenidge Generation announces plan to offset its bitcoin mining emissions

Greenidge Generation announces plan to offset its bitcoin mining emissions

The hybrid bitcoin miner and power plant Greenidge Generation Holdings says it will buy carbon offsets in an effort to become carbon neutral starting June 1. The company also said it will redirect some of its profits into renewable energy initiatives, according to a release published Friday.  The New York-based bitcoin mining firm has joined […]

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Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations

Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations

The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However, onchain data […]

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While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High

While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High

After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced two weeks ago. Bitcoin’s Mining Difficulty Jumps to 25 Trillion, Could Hit 30 Trillion in […]

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