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From Peak to Present: GBTC’s Bitcoin Holdings Decrease by 266,827 BTC in 71 Days
23.3.2024
As of March 22, the bitcoin holdings of Grayscale’s Bitcoin Trust (GBTC) have diminished by 27,917.37 compared to its status three days prior, now amounting to 350,252 bitcoin valued at approximately $22.2 billion. Since evolving into an exchange-traded fund (ETF) listed on public exchanges...
Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some Cases
15.3.2024
Ethereum rollups, the layer 2 scaling structures, have started reaping the benefits of the recently applied Dencun upgrade. The update, which included EIP-4844, also known as Proto-Danksharding, has allowed transaction fees to decrease by 99% in some cases, with Arbitrum, Base, Optimism,...
Ethereum Price Prediction as Dencun Upgrade Successfully Goes Live – Where Next for ETH?
13.3.2024
The Ethereum (ETH) price is consolidating just below $4,000 and close to multi-year highs in wake of the successful implementation of the Dencun upgrade, that, amongst other things, is set to deliver a major boost to the Ethereum ecosystem via delivering a significant reduction in Ethereum layer-2...
Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022
13.3.2024
Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses.
The post Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022 appeared first on Cryptonews
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Solana Price Prediction as Daily Trading Volume Pumps Past $2 Billion – Are Whales Buying?
23.2.2024
The Solana price has dropped by 4.5% in the past 24 hours, slipping to $101.82 as the crypto market suffers a 1.5% reduction today.
The post Solana Price Prediction as Daily Trading Volume Pumps Past $2 Billion – Are Whales Buying? appeared first on Cryptonews
Bitcoin Price Holds Above $52,000 As Pre-Halving Rally Intensifies
16.2.2024
Bitcoin’s recent price surge past $52,000 has sparked speculation about a pre-halving rally, a historical trend associated with the upcoming reduction in mining rewards. Analyst Jag Kooner, Head of Derivatives at Bitfinex, believes the current market movement aligns with such a rally...
Crypto Custody Firm Fireblocks Latest to Cut Jobs Amid Tech Layoffs
7.2.2024
Crypto custody provider Fireblocks has announced a reduction in its workforce as part of a restructuring effort. In a recent interview with Bloomberg, Fireblocks said it has been working on restructuring its go-to-market and customer support operations over the past six months. The goal is...
Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan
7.2.2024
Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on Bitcoin mining activities, thwarting its remnants....
Grayscale’s GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
3.2.2024
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024...
Grayscale’s Bitcoin Trust Sees Reduction Slowdown as New ETFs Gain Ground With Over 160,000 BTC Acquired
31.1.2024
In the most recent update, Grayscale’s Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33...
Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap
31.1.2024
Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately 13,000...
$867 Million Erased — Grayscale’s GBTC Experiences Record 20,803 Bitcoin Reduction in 24 Hours
27.1.2024
Recent data from Grayscale’s GBTC spot bitcoin exchange-traded fund reveals a significant reduction in its holdings, with 20,803.83 bitcoin, valued at $867.98 million, being withdrawn from the fund’s reserves. This substantial outflow, occurring over the past 24 hours, marks the most...
North Korea Hackers’ Illicit Gains Dwindled in 2023 Despite More Attacks – Chainalysis
24.1.2024
Source: AdobeStock Blockchain analytics and security firm Chainalysis has reported a decrease in cryptocurrency theft in 2023. Sharing its insights in a blog post, the firm disclosed that the crypto market witnessed a collective loss of $1.7 billion. This marks a significant 54.3% reduction from...
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap
20.1.2024
On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment anticipated on Feb. 4, 2024. Bitcoin Difficulty...
GBTC’s Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus
20.1.2024
Over a span of six days in the U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in...
Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition
18.1.2024
Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09...
Grayscale Sees Over $477 Million Bitcoin Exodus as Blackrock and Fidelity ETFs Bolster Holdings
17.1.2024
Recent data reveals that since the update on Grayscale’s website three days prior, the firm’s most recent figures indicate a significant reduction in its holdings, with over 11,189 bitcoin, valued at approximately $477 million, being withdrawn from GBTC’s reserves....
Fantom Reduces Validator Requirement to 50k FTM, Prioritizes Decentralization
16.1.2024
Source: Adobestock Fantom Network has announced a 90% reduction in validator requirements, taking the assets needed to run a self-staking node to 50,000 FTM from 500,000 FTM. The company wrote on X (formerly Twitter) about the new developments, informing its community of changes, reasons, and...