Bitcoin Financial News

United States lawmaker Tom Emmer has criticized the Office of Management and Budget’s (OMB) decision to approve the Energy Information Administration (EIA) request to collect data on Bitcoin (BTC) mining firms.

Block, a payment platform led by ex-Twitter boss Jack Dorsey, has made enormous Bitcoin gross profits in Q4 2023. Block earned $66 million from selling Bitcoin through Cash App, the firm’s recent Q4 2023 earnings report noted.

Bitcoin (BTC) mining firm Riot Platforms achieved impressive results in 2023, with total revenues reaching an all-time high of $281 million.

The Texas Blockchain Council (TBC) and crypto miner Riot Platforms sued the US Energy Information Administration (EIA) on Wednesday, accusing the agency of making unlawful data collection demands from the Bitcoin mining sector.

Following NVIDIA’s remarkable fourth-quarter earnings revelation, with revenue leaping to $22.1 billion and earnings per share hitting new highs, the financial sphere is abuzz, significantly affecting sectors beyond traditional markets, notably cryptocurrencies and Bitcoin.

Household social media platform Reddit holds Bitcoin (BTC) and Ether (ETH), according to a public IPO filing.

On February 20, self-proclaimed Bitcoin creator Craig Wright submitted 164,000 pages of fresh evidence in his legal battle against the Crypto Open Patent Alliance (COPA). The ongoing trial has sparked increased scrutiny over Wright’s claim that he created Bitcoin.

Bitcoin ETFs had their first day of net negative outflows for the month of February on Wednesday– a possible sign that hype around the investment vehicles is starting to die down.

Bitcoin is still a pernicious phenomenon with no intrinsic value despite its US approval as an asset for inclusion in Exchange-Traded Funds, two European Central Bank staff members wrote. The blogpost on Thursday by Ulrich Bindseil, the Frankfurt institution's market infrastructure and payments director general, and Juergen Schaaf, an adviser, reiterates their long-held view that the digital currency presents risks to both society and the environment.

As major cryptocurrencies remain mostly stuck within recent ranges as the market takes a breather following its recent bull run, investors looking for a better chance of quick gains are looking at AI coins that could be the best crypto to buy today.

By Ashitha Shivaprasad and Manya Saini

Meltem Demirors, the former chief strategy officer of CoinShares, was part of a reshuffle at the firm and is no longer on the executive committee.

Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has seen a remarkable growth in crypto assets under its custody. 

In a blog post published by the European Central Bank, Ulrich Bindseil, director general of market infrastructure and payments and Jürgen Schaaf, an advisor to the central bank, say that for bitcoin lobbyists the formal approval by the SEC confirms that Bitcoin investments are safe and the preceding rally is proof of an unstoppable triumph. In the mid-2010s, the hope that bitcoin's value would inevitably rise to ever new heights began to dominate the narrative. But bitcoin is neither suitable as an investment or even as a real-world means of payments, the blog argues. Bindseil and Schaff believe that lower interest rates and the SEC green light have opened the floodgates to Wall Street for bitcoin, promising large inflows of funds, "the only effective fuel in a speculative bubble".

As an example,Bitcoin (BTC)'s price grew by a whopping 155% from the start till the end of 2023. Such high returns naturally get the attention of investors looking to add to their wealth. But before you jump on this train, it makes sense to get a lay of the land. In this article, we'll highlight the advantages and disadvantages of crypto investing in India. This will allow you to make an informed decision about whether to invest in this blossoming asset class or not. But before we dive in, let's understand what are cryptocurrency actually is.

The European Central Bank (ECB) has reiterated its position on  Bitcoin (BTC) , stating that the approval of spot ETFs for the cryptocurrency does not change its unsuitability as a means of payment or investment. 

Bitcoin halving season? Just google for Joe Biden's tweet right after the Super Bowl. Those red eyes on Biden? Bitcoin Maxis call them the bitcoin laser eyes. Every four years, a significant event occurs in the world of Bitcoin known as «Bitcoin halving.» This event, integral to understanding Bitcoin's dynamics and future, is a reduction in the block reward for miners, ultimately leading to a finite supply of 21 million Bitcoin.

Bitcoin (BTC) has recorded massive growth in price amid institutional inflows this year following spot ETF approval by the United States Securities and Exchange Commission (SEC).

Bitcoin is trading value of $51,400 reflects a modest decrease of 1.20% on Thursday. This financial landscape is continuously shaped by various factors, including regulatory discussions and global market trends. Amidst this backdrop, the anticipation around Bitcoin price predictions gains momentum, offering insights into potential future trajectories.

Grayscale, the world’s largest crypto asset manager, is looking to invest in the emerging market for data privacy with a new exchange-traded fund.

Fundstrat analyst Tom Lee believes Bitcoin (BTC)’s price could reach $150,000 by the end of the year, rising 3X from its current value.