In a recent incident in Malaysia, an illegal Bitcoin mining operation caused an explosion at an uninhabited house in the city of Puncak Alam, located in the Kuala Selangor District. The blast, which was reported to be caused by the excessive electricity usage of the Bitcoin mining rigs, raised alarm among local authorities.
U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions.
Bitcoin and ethereum have diverged in recent months, with the bitcoin price soaring as ethereum struggles
Bitcoin and the broader crypto markets faced a jolt on January 12 after the latest US Consumer Price Index (CPI) data came in hotter than expected. The shock sent Bitcoin briefly downward before bouncing back, spurring a range of reactions among traders and analysts.
Bitcoin's whale activity is at a multi-year high, influencing market trends. Key metrics signal a pivotal moment for BTC's next move.
On February 12, bitcoin ETFs experienced a third consecutive day of outflows, losing $251 million due to significant withdrawals from FBTC and ARKB. Bitcoin ETFs Extend Outflow Streak Bitcoin and ether exchange-traded funds (ETFs) faced significant withdrawals on Wednesday, Feb. 12. Bitcoin ETFs recorded their third consecutive day of outflows, totaling $251.03 million.
Tether, the issuer of the leading stablecoin USDT and one of the largest Bitcoin (BTC) holders, could now be forced to dump part of its BTC reserves, according to JPMorgan analysts. This raises questions on potential market impacts for both Bitcoin and USDT in 2025.
On-chain data shows that most altcoins led by Ethereum and XRP have recorded network growth as Bitcoin traders capitulate.
The move comes as bitcoin has stuttered around $96,000.
Texas lawmaker filed a new strategic Bitcoin reserve bill. The new SB 21 bill gives more control to financial experts.
Bitcoin's bull run faces uncertainty as Fed Chair Powell reinforces QT, delaying liquidity shifts. BTC dominance holds, but macro trends loom.
US-based investment management firm ARK Invest's CEO, Cathie Wood, predicts that Bitcoin (BTC) is on track to reach $1.5 million by 2030. In a recent YouTube video, Wood stated that despite the market's temporary pullback, the odds of BTC hitting this ambitious price target have increased.
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Bitcoin continues to trade in a range that it has set since mid-November.
TL;DR Strategic Reserve Proposal: Several U.S. states are considering a strategic Bitcoin reserve, potentially investing up to $23 billion in Bitcoin to diversify portfolios and hedge against inflation. State-Level Legislation: Arizona, Utah, and Illinois are leading the charge with approved or proposed legislation allowing significant public fund investments in digital assets like Bitcoin.
Bitcoin (BTC) to $1 million? Sounds wild, but Samson Mow has mapped out six ways it could happen.
The Japanese firm raised $25.9M via zero-interest bonds to expand its Bitcoin holdings, aiming for 21,000 BTC by 2026.
BNB Chain introduces an ongoing AI hackathon, encouraging innovation in AI and blockchain. Participants can benefit from prizes, mentorship, and exposure, promoting AI adoption on the blockchain.
Riot Platforms is exploring AI and HPC partnerships to diversify revenue streams amid declining Bitcoin transactions, appointing new board members with expertise in relevant fields. The post Riot Platforms Explores AI Revenue Amid Bitcoin Transaction Slump appeared first on Cryptonews.
Momentum for a Fed audit is building, driven by social media support for Ron Paul to spearhead the effort and an endorsement from Elon Musk.
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BNB surged 22.2% in a week, outperforming the broader crypto market, while SOL's decline reflects growing market volatility among altcoins.
"Whatever Bitcoin does tomorrow, most altcoins will simply follow that," one popular analyst assumed.
The Japanese company is rising from its ashes thanks to the new strategy focused exclusively on BTC.
The changes come amid the Bitcoin miner's continued evaluation of AI and high-performance computing use cases.
From the beaches of El Zonte, the city emerges among the mountains with 150 businesses that accept BTC payments.
According to the latest data from the analysis platform Santiment, XRP is experiencing significant growth in its network, marked by a notable increase in the number of active wallets. This positive trend sharply contrasts with the situation of Bitcoin, which has lost over 277,240 active wallets in the past three weeks.
An illegal Bitcoin mining operation was discovered in a house in Malaysia, adding to the toll on the country's power grid and contributing to the trend in electricity theft driven by illicit crypto mining activities. On Feb.
Binance Coin (BNB) rallied above $700 and moved ahead of Solana (SOL) after a revival of the Binance Smart Chain ecosystem, complete with new meme token launches.
Here's how U.S. state-led BTC reserve bills could impact BTC markets
The SPDR S&P 500 ETF Trust (NYSE:SPY) is the world's largest and arguably the most popular exchange-traded fund, with a whopping $630 billion in assets under management. What happened: Launched in Jan. 1993, the SPY was also the first ETF to list on U.S.-based exchanges.
Amid today's market retrace, BNB is leading the market with a 9% surge and surpassed Solana after flipping the cryptocurrency's market cap. Some analysts suggest BNB's breakout could attempt to reclaim the $700 level and target new highs.
After a significant rally in January, the Cardano price troubles have increased, as the token is becoming the victim of volatility. This altcoin was among the bullish cryptos at the time, hitting an ATH at $3.10, but is struggling to move past $1 these days.
The Israeli Securities Authority (ISA) approved six Bitcoin ($BTC) mutual funds, managed by local firms Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. $BTC mutual funds are different from exchange-traded funds (ETFs) launched in the US in 2024.
BNB Chain has unveiled a series of major upgrades set for 2025, aiming to significantly enhance transaction speed, reduce costs, and introduce AI-driven features. The post BNB Overtakes Solana to Become 5th Largest Crypto as BNB Chain Unveils 2025 Upgrades appeared first on Cryptonews.
BNB Chain's 2025 roadmap focuses on reducing transaction latency, zero gas fees, combating malicious MEV, and integrating AI to revolutionize Web3 interaction.
JPMorgan analysts estimate that only 66%–83% of Tether's reserves comply with proposed U.S. stablecoin regulations, potentially requiring asset restructuring.
Sometimes, all it takes is one asset making a strong move for traders to start connecting the dots. Right now, that asset is Binance Coin (BNB), which just surged 20% in three days.
Bitcoin has faced challenges in breaking above the $100,000 level this month, showing volatility as it struggles to close above this critical threshold.
The BNB coin price has reclaimed its important resistance of $700 with an intraday surge of over 11%. Moreover, with a surge of ~88% in its daily trading volume, this altcoin is currently changing hands at $708.10.
Japanese Bitcoin investment firm Metaplanet has secured $26 million (4 billion yen) through the issuance of zero-interest, unsecured, and unguaranteed bonds, according to a Feb. 13 statement. The company intends to use the proceeds to strengthen its Bitcoin reserves as part of its broader financial strategy.
It seems like any time the doubters claim that Bitcoin (BTC 0.20%) is dead, it simply bounces back to reach fresh all-time highs. This leading digital asset has soared in the past few years, but in the past seven weeks, it's been trading around the $100,000 level.
Bitcoin has recently faced some turbulence, with the price dipping by 2.55% over the past 24 hours, leaving many investors questioning whether the cryptocurrency can reclaim its upward trajectory. As of this writing, Bitcoin was trading at approximately $95,936, marking a 1.56% decline on the weekly charts.
An explosion in Lorong Cakera, Purnama, led to the discovery of an illegal Bitcoin mining setup in Malaysia. A local reported the smoke to the Sungai Buloh district police headquarters.
U.S. states are actively considering major shifts in how they allocate public funds, with several legislative proposals focused on incorporating Bitcoin into state budgets.
BNB is the top performer from the larger-cap alts today alongside SUI.
Bitcoin is holding firm while ERC-20 altcoins struggle. Will BTC continue to dominate, or is there a shift on the horizon?
Bitcoin's recent performance has left the market in a state of uncertainty. Trading below the $100,000 mark for days now, the cryptocurrency seems to be grappling with a lack of upward momentum.