Bitcoin

In a pioneering move to foster sustainability in the blockchain industry, PayPal’s Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions Inc., is incentivizing Bitcoin miners to adopt green energy practices.  This initiative leverages cryptoeconomic incentives to encourage using low-carbon energy sources, a crucial step given Bitcoin’s significant environmental impact.  Accelerating Sustainable Bitcoin Mining Annually, Bitcoin mining is estimated to produce 85 million metric tons of carbon dioxide. This emphasizes the need for sustainable practices in Proof-of-Work…

Jack Dorsey’s fintech company Block Inc. announced on Tuesday that it has completed the development of its advanced Bitcoin mining chip, marking an important milestone for the firm’s mining project. Decentralizing Bitcoin Mining Per a statement shared by Dorsey over Twitter, Block’s three nanometre (3mn) Bitcoin mining chip is now in the process is completing its full design tapeout with a leading semiconductor foundry. “Our mining chip will utilize the most advanced semiconductor process currently available and will deliver the…

While bitcoin’s performance over the last couple of years has been nothing short of spectacular, the latest analysis suggests that the world’s largest cryptocurrency has failed to attract safe-haven flows. This was evident in the case of an increased demand for such assets following the escalating conflict in the Middle East, according to Kaiko. Bitcoin Struggles to Capture Safe-Haven Status While gold and the US dollar have rallied, bitcoin’s value dropped by 6% in April. One potential reason for this…

In the midst of the dramatic changes that have occurred in the cryptocurrency space after the Bitcoin halving event, Bitfinex provides a perceptive analysis that reassures investors that the market dynamics of BTC have remained positive in the post-halving period. Bitfinex examines the on-chain data and finds encouraging signs for Bitcoin in spite of the United States economy’s current state of uncertainty in its most recent Alpha report, which was released on April 22. Bitcoin Market Dynamics Remains Bullish According…

Grand Cayman, Cayman Islands, April 23rd, 2024, Chainwire The cryptocurrency sector is continually evolving, and ApeBond is at the forefront with its new offering: ⚡Flash Bonds. This feature enables participants to acquire Bitcoin (BTC) at specific discounts. ⚡Flash Bonds will be launched on the ApeBond website on April 23rd at 17:00 UTC, with transactions being conducted in USDT. Exclusive Access, Exclusive Rewards ⚡Flash Bonds offer a structured way to purchase BTC at a set discount. Participants need to achieve a…

[PRESS RELEASE – London, UK, April 23rd, 2024] SatoshiDEX, the pioneering Bitcoin DEX, announces the Staking system, enabling users to earn rewards in advance of the platform’s official launch. Boasting a successful presale exceeding $10 million, SatoshiDEX continues to gain momentum. The SatoshiDEX team has implemented a dynamic APY for their Staking System, allowing presale participants to access significantly higher rewards. To get started, users can visit the SatoshiDEX staking dashboard and lock their $SATX tokens (Polygon, Optimism, Binance Smart…

Bitcoin completed its fourth halving on April 20th, with block rewards falling from 6.25 BTC to 3.125 BTC. Historically, halvings have been related to growing bitcoin prices and eventually marked the beginning of new cycles followed by massive surges in value. The latest halving is no different, even as BTC reached an all-time high beyond $73K before the event for the first time in its history. Previous Halvings Cycles The first halving of Bitcoin in November 2012 marked a watershed…

BlackRock’s Bitcoin ETF, IBIT, has achieved a notable milestone positioning itself among the top 10 exchange-traded funds with the longest streaks of daily inflows. U.S.-based spot Bitcoin exchange-traded funds recorded a total net inflow of $62 million on Monday, with Fidelity’s FBTC leading. BlackRock Bitcoin ETF IBIT has hit a new milestone recently recording 70 consecutive days of inflows ever since the launch this year in January 2024. This puts BlackRock’s Bitcoin investment fund among the top 10 exchange-traded funds…

Octoblock’s USDC airdrops maintained a high APY on the Monday event, amidst Bitcoin’s $10.000 slide from its ATH. After a record Bitcoin price of $73K in March, the pioneer crypto is now at $61K, its lowest level since attaining the all-time high. Bitcoin Price Action: Has It Topped? Bitcoin price dipped on April 14 to $61K, pulling other cryptocurrencies to their lows, especially the meme coins. Bitcoin price prediction suggests that the Iran and Israel tensions may have played a…