#bitcoin

A recent global survey indicates that Nigerians are more knowledgeable about crypto than people in major economies like the United States, United Kingdom, Germany, and Japan. According to a report by ConsenSys and YouGov, 99% of Nigerians are fully aware of the asset class, while 70% understand the fundamentals, operations, and value of blockchain technology. […]

As Bitcoin’s rally gains focus, analysts contribute diverse optimistic forecasts for the primary cryptocurrency amid heightened attention. IntoTheBlock, a prominent analytics platform, has thrown its weight behind Bitcoin’s resurgence, citing Grayscale’s triumph over a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The next focal point on Bitcoin’s journey? Bitcoin is back in […]

Data from CompaniesMarketCap shows that 16 publicly traded Bitcoin mining firms have experienced a loss of over $4.47 billion in the last 12 months (TTM). The Bitcoin mining industry faces many hurdles as BTC continues to experience a bear market. The leading cryptocurrency has seen its value fall from a one-time high of $69,000 to […]

Recent investigations show Robinhood holds $3B in Bitcoin and ranks third in wallet size. This amount constitute­s only a fraction of the substantial $11.5 billion worth of cryptocurrency that Robinhood diligently safe­guards for its users. Arkham Intelligence released a report around Aug. 27 stating that Robinhood allegedly possesses over $3 billion worth of Bitcoin held […]

Bitcoin miners are moving to other business ventures, including offering high-performance computing (HPC) services to the fast-growing artificial intelligence industry, according to a JPMorgan research report. The report attributes the move to crypto miners’ desire to reduce their reliance on crypto, enter new business sectors, and access new revenue streams. Nikolaos Panigirtzoglou, an analyst at […]

Prominent XRP supporter Attorney John Deaton has highlighted potential missteps by past U.S. Securities and Exchange Commission (SEC) leaders in the Ripple Labs Inc. litigation. Central to Deaton’s assertions is a sophisticated nexus involving ex-SEC Chairman Jay Clayton, chief enforcer William Hinman, and Ethereum’s co-creator, Joseph Lubin. Deaton, via Twitter, posits that Clayton’s tenure set off […]

Bitcoin’s on-chain indicators are displaying extreme tradings amid record low volatility. Short-term holders of BTC are showing signs of high conviction leading to low liquidations. Since the­ beginning of this year, cryptocurrency enthusiasts have invested ove­r $16 billion in Bitcoin. However, the 4.1% incre­ase in capital inflow is noticeably lower compare­d to the levels se­en […]

Hut 8 Mining Corp, a U.S.-based digital asse­t mining company, has released its financial re­port for the second quarter of 2023, cove­ring the period until June 30. The­ company faced significant challenges during this quarte­r, experiencing a notable­ decline in both reve­nue and Bitcoin mining output. According to the financial results, Hut 8’s re­venue dropped […]

Data from CoinShares revealed that digital asset investment products experienced outflows of $107 million in the past week ending August 4. Bitcoin (BTC) took center stage with outflows of $111 million. However, it is the largest weekly withdrawal of BTC since March of this year. In a report, James Butterful, head of research at CoinShares, […]