Bitcoin Price Prediction: Germany’s Final BTC Sell-Off and the Path to $100,000

Bitcoin Price Prediction: Germany’s Final BTC Sell-Off and the Path to $100,000

The cryptocurrency market, led by Bitcoin, has shown a dynamic trajectory in 2024. Although marked by significant price fluctuations, the overall sentiment remains cautiously optimistic, driven by growing institutional interest and a gradual shift towards mainstream acceptance. Bitcoin Price Prediction: German Government Completes BTC Sell-Off – Is $100,000 Possible? BTC Daily Chart Source: CoinGecko Bitcoin, ... Read more
Greenidge Generation Deploys 2,400 Bitcoin Miners at New Mississippi Site

Greenidge Generation Deploys 2,400 Bitcoin Miners at New Mississippi Site

Greenidge Generation Holdings Inc., once one of the largest public Bitcoin miners in the United States, has launched a new site in Mississippi, featuring 2,400 BTC mining capabilities. New Mississippi Mining Site The expansive 12-acre mining facility currently operates with 8.5 megawatts (MW) of power, according to the company’s official release. Greenidge is also seeking ... Read more
Michael Saylor Announces 10-for-1 MicroStrategy Stock Split: Implications for Bitcoin

Michael Saylor Announces 10-for-1 MicroStrategy Stock Split: Implications for Bitcoin

Michael Saylor, the Bitcoin billionaire, announced on Thursday that MicroStrategy (MSTR), his business intelligence software and Bitcoin development company, will implement a 10-for-1 stock split. Making Shares More Accessible A stock split involves dividing outstanding shares into smaller amounts, making shares more accessible to smaller investors. For MicroStrategy, the split will be effected by a ... Read more
Bitcoin Network Cools, But Adoption Heats Up: What’s Next?

Bitcoin Network Cools, But Adoption Heats Up: What’s Next?

This report examines the Bitcoin ecosystem and BTC price movements in June 2024, highlighting the potential implications for the leading cryptocurrency's future. Key Takeaways: Price Decline: Bitcoin started June at $67,741 but closed at $61,529, marking a 15.2% decline. Market Sentiment: The Crypto Fear and Greed Index hit its lowest in 18 months, indicating waning ... Read more
Trump to Speak at Nashville Bitcoin Conference Amidst 2024 Presidential Campaign

Trump to Speak at Nashville Bitcoin Conference Amidst 2024 Presidential Campaign

Republican Presidential hopeful Donald Trump is set to address one of the crypto industry's largest upcoming conferences in Nashville, Tennessee, later this month. The Bitcoin 2024 conference, scheduled from July 25-27, announced on Wednesday that Trump will be the event's main headliner. Trump Supports American Bitcoin Industry Trump's participation in the Bitcoin 2024 conference is ... Read more
US Department of Energy Seeks Industry Feedback on Crypto Mining Energy Usage Survey

US Department of Energy Seeks Industry Feedback on Crypto Mining Energy Usage Survey

The US Department of Energy (DOE) is making another attempt to survey the energy usage of crypto mining firms after the first effort was halted by a lawsuit. On Wednesday, the Energy Information Administration (EIA), the DOE's statistics division, held a public webinar to gather input from industry stakeholders, including crypto miners and other interested ... Read more
Elliptic Research Reveals Rampant Scams Facilitated by Huione Guarantee

Elliptic Research Reveals Rampant Scams Facilitated by Huione Guarantee

Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group, has been implicated in facilitating extensive online scams across Southeast Asia. According to a recent research report by blockchain analytics firm Elliptic, the platform has facilitated transactions exceeding $11 billion, with a significant portion linked to money laundering and cyber scams. Blockchain Analytics ... Read more
Tech Coalition Urges Biden to Back Crypto Regulation to Engage Young Voters

Tech Coalition Urges Biden to Back Crypto Regulation to Engage Young Voters

In a letter dated July 9, the Chamber of Progress, a prominent tech coalition, called on President Joe Biden to endorse comprehensive cryptocurrency regulation. This move is seen as a strategic effort to engage young voters in the upcoming election. The Political Advantage of Crypto Regulation The Chamber emphasized the potential political benefits of addressing ... Read more
Bitcoin Spot ETFs See Strong Net Inflow of $216 Million as Investors Capitalize on Market Dip

Bitcoin Spot ETFs See Strong Net Inflow of $216 Million as Investors Capitalize on Market Dip

On Tuesday, spot Bitcoin exchange-traded funds (ETFs) recorded a notable net inflow of $216.33 million, marking the third consecutive day of positive fund flows. According to data from SoSoValue, BlackRock’s IBIT led the inflows with $121.03 million, followed by Fidelity’s FBTC, which garnered $90.95 million. Ark Invest and 21Shares’ ARKB also saw significant inflows of ... Read more
Bitcoin Miners Positioned for Strategic Advantage in AI Data Center Projects: Bernstein Report

Bitcoin Miners Positioned for Strategic Advantage in AI Data Center Projects: Bernstein Report

Bitcoin miners are emerging as key players in the development of artificial intelligence (AI) data centers, leveraging their significant power supplies and operational expertise. According to a recent report by broker Bernstein, AI-related deals, including Core Scientific’s 12-year contract with CoreWeave and Coatue Management’s $150 million investment in Hut 8, are driving growth in this ... Read more