Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with the mining pool Foundry USA at the forefront, delivering 204.41 EH/s. Bitcoin Edges Closer to Zettahash […] Original
The Bitcoin price is creeping up once again, rising to a new all-time high above $71,000 in the early hours of Monday. As the price surge continues, it has put a record number of shorts at risk, where a less than 10% move upward from here will see $1 billion in shorts liquidated. $1 Billion In Shorts At Risk Of Liquidation Crypto trader and analyst Ash Crypto took to X (formerly Twitter) to share a map that showed the number of short positions at risk as the price of Bitcoin…
“The integration of Tether USDT on the Celo platform, which is built for the real world, will represent a significant step forward in our mission. By leveraging the unique capabilities of Celo, we can further enhance the usability and accessibility of Tether for millions of people,” said Paolo Ardoino, CEO of Tether. Source
On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers, the digital currency showcased a strong performance amidst a trading volume of $27.57 billion. Ethereum Ethereum’s (ETH) journey on March 11 marked a significant upturn, […] Source CryptoX Portal
To be sure, the GOP standard bearer for the 2024 presidential election is a long way from becoming a Bitcoin maxi or showing anything other than a passing interest in the crypto. “I want one currency, I want the dollar, I don’t want people leaving the dollar,” he continued, before moving on talking about the great interest shown in some of his NFT offerings. “People were going crazy for these things [NFTs], and so many of these were bought with this new cryptocurrency and I couldn’t believe the amount,” he…
“In marketing, crypto is unique with its 24/7 media cycle, so learning to navigate that and developing strategies, such as partnering with big podcasters, was key,” he continued. I also learned a lot about team building; we had a phenomenal team at BlockFi, many of whom are staying in the crypto industry, and some have even started new crypto companies, which makes me proud.” Source
The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion. MicroStrategy acquired its latest batch of BTC for ~$68,477 per coin, Saylor said in a post on X on Monday. In total, the company acquired the bitcoin for $821.7 million, using the proceeds from the debt raise and excess cash. Source
Bitcoin (BTC) price has surged above the $72,000 milestone on March, 11 2024, sparking early signals of another bullish outing in the week ahead. Bitcoin price continues its blistering 2024 performance, soaring above the $72,000 milestone on around 12:00 GMT on March 11, adding over $100 billion to its market cap within the last 72 hours. Bitcoin (BTC) price action January to March 2024 | Source: TradingView As Bitcoin price reached a new all time-high of $72,286.9, its market cap soared to $1.4 trillion for the first time ever, bringing…
Indian cryptocurrency investment platform Mudrex plans to offer U.S. spot bitcoin exchange-traded funds (ETFs) to institutional and retail investors in India, CEO and co-founder Edul Patel said. “This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies, but “as far as we know,” we are the first in India to offer this service to institutions, Patel said. “We are certainly the first Indian crypto platform…
On Friday, a record 28,899 standard futures contracts were open or active on the CME. That amounts to a notional open interest of $10.3 billion at bitcoin’s going market rate of around $71,500. The standard contract, sized at 5 BTC, is widely considered a proxy for institutional activity. Original