Bitcoin Financial News

29.08 / 15:35

Blockchain Binance SEC Gemini genesis Bitcoin Today in Crypto: Regulator Allows Belgians to Use Binance Poland, US SEC Says an Issuer’s NFTs are Securities and Orders It to Compensate Investors, LimeWire Launches 'World's 1st Blockchain-Based AI Creator Studio on Polygon'

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

29.08 / 15:21

Blockchain Mining NVIDIA GPU Bitcoin generative AI Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.

29.08 / 14:17

markets Predictions Bitcoin Bitcoin Price Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor

Bitcoin (BTC) may offer investors a rare chance to buy at a support zone with a “100% long hit rate,” new analysis says.

29.08 / 13:49

Digital ETF SEC CME Invesco Bitcoin track spot bitcoin stake What's at stake in Grayscale's spot bitcoin ETF case against the SEC?

SEC) wrongly rejected an application from crypto asset manager Grayscale Investments to list an exchange-traded fund that tracks the price of bitcoin. The case is being closely watched by the cryptocurrency and asset management industries, which have been trying for years to convince the SEC to approve a spot bitcoin ETF. They say it would allow investors to gain exposure to bitcoin, the world's largest cryptocurrency, without having to own it. The SEC, though, worries spot bitcoin ETFs will be vulnerable to manipulation.

29.08 / 13:37

Blockchain Twitter Digital Platform Software Bitcoin social network Understanding the Evolution of the Lightning Network

Lightning Network (LN) has been one of the most closely watched innovations in the crypto industry over the past few years. The origins of LN trace back to 2015 when developers Thaddeus Dryja and Joseph Poon published a white paper titled "The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments." Published on January 14, 2016, this paper suggested a radical Layer 2 solution designed to break through the scalability limitations of the Bitcoin blockchain, potentially enabling millions of transactions per second. Following this publication, several teams, including Lightning Labs, Blockstream, and ACINQ, considered testing the Lightning Network (LN).

29.08 / 13:13

regulation Taxes Bitcoin Bitcoin Price Indian Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump

CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28.

29.08 / 13:13

business Mining Mining Pools Cloud Mining Bitcoin Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31%

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and Bitcoin (BTC) mining revenues, while it tackled a significant net loss of $110 million — up 31% on Q1.

29.08 / 11:43

UPS ETF BlackRock Bitcoin track cover social ETF claims ESG credentials for energy-guzzling cryptos

A London-based money manager has just attached an ESG label to a Bitcoin exchange-traded fund, in a move that has environmental experts doing a double take.

29.08 / 11:07

UPS Waves Target Action Racing Bitcoin Is Bitcoin Cash is Going to Zero? BCH Price Drops 5% and Sonik Coin Approaches $700,000

Leading hard-fork Bitcoin Cash (BCH) has fallen -5%, as price action continues to tumble amid tumultuous resistance from the 20DMA - is Bitcoin Cash going to zero?

29.08 / 10:23

ETF SEC CME Invesco Mercantile Bitcoin track spot bitcoin Explainer stake Explainer-What's at stake in Grayscale's spot bitcoin ETF case against the SEC?

By Hannah Lang

29.08 / 10:07

Adoption ETF Europe European Union ESG Bitcoin spot bitcoin Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.”

29.08 / 09:15

regulation Court Digital Currency Group Bankruptcy Bitcoin creditors DCG reaches ‘agreement in principle’ with Genesis creditors, debtors

Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an agreement in principle with creditors of its crypto lending subsidiary, Genesis.

29.08 / 09:15

business Mining Mining Pools Cloud Mining Bitcoin Argo Blockchain cuts 2022 debt by half, down to $75M

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.

29.08 / 08:21

COST BTC Digital SEC BlackRock Bitcoin economic data Bitcoin Price Prediction Amid Mining Challenges, Trading Lulls, and Upcoming Economic Data

Bitcoin, the pioneering cryptocurrency, currently trades at $26,111, marking a modest increase of nearly 0.25% as of Tuesday.

28.08 / 22:33

UPS Provident BTC Platform Strategy Celebrity Bitcoin Best Crypto to Buy Now August 28 – THORChain, dYdX, Bitcoin SV

Since reaching a high of nearly $69,000 in November 2021, Bitcoin has experienced a massive pricess drop, marking the cryptocurrency's most prolonged bear market so far.

28.08 / 21:33

markets Adoption ETF South America GPU Bitcoin Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis

The next Bitcoin halving event is less than 9 months away and the consensus opinion among analysts and investors is that the halving will send BTC price to a new all time high or even above $100,000.

28.08 / 20:03

UPS Digital Telegram coinbase Bitcoin stage The ‘Fidelity Mafia’ Behind Big Crypto

technology companies. The group includes Alex Thorn, head of firmwide research at crypto financial-services firm Galaxy Digital; Juri Bulovic, head of mining at bitcoin miner Foundry; Matt Walsh, founding partner at crypto venture firm Castle Island Ventures, and more than a dozen others. “There are a lot of us that have worked on crypto for so long because Fidelity has worked on crypto much longer than any other traditional financial firm," said Thorn, who set up a Telegram chat group with former colleagues.

28.08 / 19:51

BTC Bitcoin A Look Inside The ‘Fidelity Mafia’ Of Crypto: Who Are They And What Do They Do Now?

Fidelity Investments might seem an unlikely player in the cryptocurrency universe as it has been operating for nearly eight decades. Fidelity’s reputation in the traditional financial management industry is unrivaled which makes it surprising to some to learn it is an early pioneer and adapter of Bitcoin.

28.08 / 18:35

Dogecoin Ethereum XRP Cardano S&P 500 Bitcoin Dollar Price analysis 8/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, DOT

Bitcoin (BTC) is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September either. History shows that every year since 2017, Bitcoin has declined in September.

28.08 / 17:59

Blockchain Target Digital Man Platform BlackRock Bitcoin Asia's Richest Man Mukesh Ambani To Invest In Blockchain To Drive 'Digital Adoption In India'

Indian multinational conglomerate Reliance’s financial services arm – Jio Financial Services (JFS) – is tapping blockchain tech and central bank digital currencies (CBDCs) for its offerings.

28.08 / 16:43

Provident Strategy Fallout Bitcoin stage Silver Powell Speech Fallout: Tech Stocks to Face Resistance; Gold, Silver to Rally?

Last week, everyone had their eyes fixed on what Jerome Powell would say at the Jackson Hole event. The big question was whether he'd once again try and sound cautiously hawkish.

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