Hut 8 Corp. has reported $80.7 million in crypto-related revenue for 2024, driven by bitcoin mining and GPU-as-a-service operations. The company expanded its bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain. Hut 8 Expands Bitcoin Mining and Digital Infrastructure with $125M Bitmain Deal Hut 8 Corp., a bitcoin mining and […] Original
El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily accumulating Bitcoin (BTC). “No, it’s not stopping,” Bukele said in a March 4 X post, confirming El Salvador wouldn’t comply with the IMF’s request. “If it didn’t stop when the world ostracized us and most…
Este artículo también está disponible en español. The Bitcoin price action is showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken out and retested its neckline. This technical setup suggests that Bitcoin could be gearing up for a mega rally to $300,000 soon. Analyst Forecasts Bitcoin Price Reversal On Monday, crypto analyst Gert van Lagen took to X (formerly Twitter) to forecast an imminent Bitcoin price surge to $300,000. The analyst presented a detailed price chart depicting the formation of an Inverse Head and…
The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post. Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval. It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases…
Physical Bitcoin may seem like a curious concept to those new to the cryptocurrency world. After all, Bitcoin is a digital asset, right? However, in 2011, Mike Caldwell introduced the idea of physical bitcoins, essentially physical representations of the digital currency. Before this, Bitcoin was strictly a digital currency since its inception in 2009. Caldwell is an early Bitcoin (BTC) believer who jumped on the train before it became a frantic rush in subsequent years. There are threads of him on the BitcoinTalk forum where he used the pseudonym Casascius.…
El Salvador has increased its Bitcoin reserves, purchasing an additional 1 BTC and bringing its total holdings to 6,101.18 BTC, valued at approximately $527 million. This latest acquisition reinforces President Nayib Bukele‘s ommitment to strengthening the country’s Bitcoin strategy. El Salvador’s National Bitcoin Office confirmed the purchase on March 4 in a post on X. This move aligns with El Salvador’s “1 BTC a day” accumulation strategy, aimed at economic diversification and serving as a hedge against traditional financial systems. The purchase also signals the government’s continued confidence in Bitcoin…
Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals. In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days. As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day…
As of 4:35 p.m. ET on March 4, 2025, bitcoin commanded a valuation of $88,165, boasting a market capitalization of $1.72 trillion and a 24-hour trading volume of $69.81 billion. The digital asset oscillated between an intraday trough of $81,463 and a peak of $88,825, reflecting a market teetering between hesitation and ambition. Bitcoin Bitcoin‘s […] Original
Este artículo también está disponible en español. Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours. This steep decline has raised concerns among investors as Litecoin struggles to maintain key support levels. Related Reading Market uncertainty has left Litecoin trading at a crucial level, with bulls trying to defend $100 amid persistent selling pressure. The failure to hold above higher price ranges suggests a weakened bullish…
The Bitcoin Volmex Implied Volatility 30-Day Index extended its four-day green streak, reflecting heightened price swings as President Donald Trump’s tariffs unsettled global markets. Bitcoin (BTC) rose 3% to $87,972, pushing the total crypto market capitalization back above $3 trillion. Altcoins posted modest recoveries, with XRP reclaiming its position over Tether (USDT) while Solana (SOL) and Cardano (ADA) slightly shrugged off the selloff. Publicly traded Bitcoin holders, including Coinbase and Strategy, also saw gains on March 4, rising 4% and 10%, respectively. However, it remains uncertain whether Bitcoin will surge…