Mining
Bitcoin ETFs Absorb Ten Times More BTC Than Miner Output
Bitcoin exchange-traded funds (ETFs) on the spot market scooped 10 times more Bitcoin than was mined on Monday, February 12. Preliminary data indicates that at least $493.4 million, or roughly 10,280 BTC, flowed into spot Bitcoin ETFs as of February 12. This massive inflow illustrates a significant shift in investor sentiment towards the digital asset […]
Celsius To Unstake Ethereum Holdings For Creditor Repayments
The bankrupt crypto lender Celsius Network announced on Jan. 5 that it plans to unstake existing Ethereum (ETH) holdings as part of its efforts to distribute assets to creditors. According to the firm, the “significant” unstaking event will occur in the next few days. Celsius wrote: “Celsius will unstake existing ETH holdings, which have provided […]
Bitcoin Miners Hit Record $44 Million Revenue In A Day
On Nov. 12, the Bitcoin mining community recorded its annual all-time high (ATH), earning more than $44 million in block rewards and transaction fees. This achievement indicates the recovery and resilience of the mining sector, which has experienced many challenges in the past months. Bitcoin miners generate most of their revenue from rewards for confirming […]