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Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
7.7.2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty...
U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX's Collapse
5.7.2024
The jobs data, due later Friday, is forecast to show that the pace of job additions in the world's largest economy slowed sharply in June
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
World's largest Bitcoin miner didn’t sell any BTC in June
3.7.2024
Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future
Ether investment products record largest outflows since 2022
1.7.2024
Large outflows from Ether funds contrast with movements seen in Bitcoin and other cryptocurrencies
South Korea’s 2nd largest chipmaker to invest $75B in AI through 2028
30.6.2024
The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul
Bybit Beats Coinbase; Becomes Second Largest Crypto Exchange
27.6.2024
In this post Bybit beats Coinbase to be the second largest CEX after Binance. Binance has lost 6% market share dominance amid regulatory crackdowns. Dubai-based Bybit cryptocurrency exchange, run by Bybit Fintech Ltd., has filled the market space left by FTX. The collapse of FTX, run by...
Stablecoin issuers rank as 18th largest holder of US Debt
21.6.2024
The Stablecoin legislation put forward by the American government is noted, and Stablecoin Issuers is the ultimate source of demand for the US treasury. According to the recently available data, Stablecoin Issuers possess more than $120 billion in American treasury notes. Stablecoin Issuers is...
Stablecoin Issuers Now 18th Largest Holder of U.S. Debt
20.6.2024
Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow
Forex Expo Dubai set to be world’s largest online trading event with over 15,000 attendees
20.6.2024
Forex Expo Dubai is gearing up to host over 15,000 attendees from more than 50+ countries, solidifying its position as the largest event of its kind this year. Scheduled to take place once again in Dubai on October 7-8, 2024, this underscores Dubai’s enduring role as a global hub driving...
Keith Gill Boosts Gamestop Stake, Becomes Fourth Largest Shareholder
14.6.2024
Keith Gill, also known by his alias ‘Roaring Kitty,’ has significantly increased his investment in Gamestop, now holding nine million shares, which positions him as the fourth largest shareholder. His portfolio value has risen to around $268 million after he strategically exercised call...
Fidelity’s Spot Bitcoin ETF sees second largest outflow
14.6.2024
Of late, 11 US spot Bitcoin exchange traded funds (ETFs) witnessed net outflows amounting to $226.21, an enormous figure by any count. In the case of Fidelity’s FBTC, it experienced reaching the figure of $106 million, its second-highest figure, in terms of net outflow. Grayscale mentioned...
World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’
12.6.2024
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their...
Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users
11.6.2024
Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase bitcoin (BTC) and ether (ETH), a feature previously available...
China’s largest payments app debuts AI feature that checks if you’re balding
9.6.2024
Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
Largest Bitcoin mining firm sold 63% of mined BTC in May
5.6.2024
Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjust operations after the halving event
Japan’s Premier Web3 Project, RYO Coin, Becomes a Title Sponsor for Canada’s Largest Web3 Event
5.6.2024
PRESS RELEASE. [TORONTO, JUNE 5, 2024] – RYO Coin is proud to announce its role as the Title Sponsor for Canada’s largest Web3 event, the 6th Annual Blockchain Futurist Conference, taking place from August 13-14, 2024 in Toronto, Canada. As a leading project from Japan, RYO Coin is...
Bitcoin-Based DOG Token Climbs to 8th Largest Meme Coin, Nears $1B Capitalization
5.6.2024
The Runes-based meme token DOG•GO•TO•THE•MOON, initiated by Leonidas, the founder of Ord.io, has reached a new pinnacle in its journey. It has ascended to become the 8th-largest meme coin by market capitalization. The token, which combines the fun of a meme coin with the trust of Bitcoin and...
Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot
3.6.2024
Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty...
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
3.6.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched...