Bitcoin

The third-largest Bitcoin address has long been a topic of intrigue, given that nobody knows the owner of its vast coin pot. Over the last week, the mystery whale added another $28 million in Bitcoin to his holdings, bringing his total Bitcoin stack to over 126,000 coins. The notorious 1P5ZED address accumulated 318 Bitcoin on Monday, followed by another 412 on Tuesday. The 730 coins were bought at an average price of $38,400. As Bitcoin’s price has risen since then,…

Kimbal Musk took a straightforward approach when talking about Tesla's investment in Bitcoin. At ETHDenver, Elon's younger brother said the company was "very ignorant" of the cryptocurrency's impact on the environment. His revealing words come little over a year since Tesla had bought $1.5 billion in Bitcoin. Now, crypto enthusiasts wonder whether Kimbal's comments will impact BTC's price like Elon's tweets previously did. Bitcoin Purchase has Divided Tesla Supporters Last year, when Tesla announced a humungous $1.5 billion investment in…

Billionaire investor Bill Miller has become more optimistic about Bitcoin since Russia invaded Ukraine. Currently, the Western sanctions are crushing the Eastern superpower’s economy and currency. This turn of events makes him believe they will likely look to regain control of their wealth with Bitcoin. Does Russia Need Bitcoin? On Thursday, Squawk Box’s Andrew Sorkin, a Bitcoin skeptic, asked Miller how Russia’s economic situation could impact the crypto market. Miller focused his response on Bitcoin, which he called “unique” from…

It’s not just El Salvador. Lugano – an Italian-speaking city in southern Switzerland – has now confirmed plans to make Bitcoin legal tender. Not technically, however. The city’s infrastructure and laws surrounding Bitcoin will simply allow it to serve all functions that fiat money can. As a result, it could become a ‘de facto’ currency. Another Bitcoin Focused Economy The city’s adoption plans were detailed during “Lugano’s Plan B,” presented by city director Pietro Poretti, mayor Michele Foletti, and Tether…

Samson Mow – Chief Strategy Officer at Blockstream – announced on Tuesday that he is leaving the company. Going forwards, he will continue working on other Bitcoin-related projects, while supporting its adoption by nation-states, such as in El Salvador. So Much Bitcoin; So Little Time The Bitcoin expert explained the details of his departure in a Twitter thread, showing pride in the work he has achieved at Blockstream. Mow spent five years with the company, which provides Bitcoin network infrastructure…

With Russia’s invasion of Ukraine underway, crypto users have risen up to help the nation defend against its hostile neighbor. The Ukrainian military has reportedly raised $4 million in crypto through NGOs and volunteer groups since the attack began. International Crypto Crowdfunding According to live data from Elliptic – a blockchain analytics firm – crypto donations to Ukrainian NGO’s have “soared” since the beginning of the invasion. Hovering near-zero earlier this month, donations rose above $500,000 on February 24th, and…

Crypto markets crashed 10%, together with the stock market, as Russian forces started military operations against Ukraine.  Bitcoin fell to a one-month low as the crypto markets reacted to geopolitical instability. The biggest crypto traded at $35,300, down 9% from $39,000. Ethereum dropped even more, by 12.5% to $2,373. All major cryptos were in the red, posting 24-hour losses from 8% to 20%. Among the biggest losers were Cardano, Doge, Polkadot and Shib, all down 17%. Crypto markets followed a…

Superstar Canadian rapper Aubrey “Drake” Graham appears to be very generous with his Bitcoin holdings. According to Florida-born rapper Kodak Black, his northern neighbor recently donated him $250k worth of the asset – for seemingly no reason. This comes less than two weeks after Drake won big in Bitcoin bets during the Rams vs Bengals NFL finals. A Surprise Gift From Drake Bill Kapri – aka “Kodak Black” – discussed Drake’s surprise gift on an episode of The Breakfast Club…

Intel – a multinational chip manufacturer – recently unveiled its 2nd generation “Bonanza Mine” Bitcoin mining ASIC. It also ]offered details on its first-generation miner (BMZ1), a 3600W miner delivering 40 terahashes per second (TH/s). Exploring Intel’s Mining Chips The company unveiled its new processor at the 2022 International Solid-State Circuits Conference (ISSCC) on Sunday. As covered by Tom’s Hardware, the second 2nd generation chips (BMZ2) will be a derivative of the BMZ1 series. They offered no details beyond that…