El Salvador Generates 474 Bitcoins with Geothermal Energy

In recent days, reports unveil El Salvador’s venture into Bitcoin mining, leveraging geothermal energy. The nation, currently holding 5750 BTC, mined 474 Bitcoins since 2021 through geothermal means. Notably, El Salvador’s Bitcoin stash is valued at approximately $355 million. Embracing Bitcoin: El Salvador’s Progressive Move El Salvador’s embrace of Bitcoin as a legal tender alongside…

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Bitcoin Whales Make $3 Billion Purchase: Entering a New Era

Major Bitcoin owners made extraordinarily large purchases in a single day, totaling 47,500 BTC. CEO of CryptoQuant Ki Young Ju offered shrewd analysis, predicting a dramatic change in the market environment. Bitcoin Resilience: Less Stress from the Fed Bitcoin has surpassed $64,500 today, solidifying its position as the most popular cryptocurrency despite earlier losses. Since…

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Individual Bitcoin Miner Hits 1 in 5000 Odds: Earns $220,000

Following the halving event, where miner rewards were halved, approximately 10 days ago, an individual miner successfully found a block solo, securing both the reward and transaction fees, amounting to nearly $220,000. Solo Success Amidst Diminishing Odds While the number of individual miners dwindles daily, they occasionally achieve solo block discoveries. Last night, a miner…

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Arthur Hayes: Crypto Prices Set to Rise to Absurd Levels

Investor and cryptocurrency analyst Arthur Hayes reaffirmed his optimistic outlook in a recent blog article. Because of the US elections and the depreciation of the major foreign currencies, there was early skepticism, but Hayes boldly predicted that prices would keep rising until they reached ludicrous levels. Hayes’s Confident Manner In his most recent blog post,…

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Grayscale’s Strategic Move: Introducing the Bitcoin Mini Trust

Greyscale, the world’s largest asset manager, is challenging to maintain its dominance in the spot bitcoin ETF market. Despite a significant capital withdrawal from the GBTC core, Greyscale remains adamant. Ten has unveiled plans for a smaller bitcoin ETF that features more competitive fees, to fend off competition from rivals. Grayscale’s Response to Market Trends…

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Deutsche Bank Survey: 1 in 3 Anticipate Bitcoin Below $20,000

Deutsche Bank, one of the world’s largest investment banks headquartered in Germany, conducted a notable survey regarding Bitcoin and cryptocurrencies. Interestingly, the survey indicates a gradual shift away from previously held negative sentiments towards the crypto sphere. Over half, 52%, believe cryptocurrencies will become significant investment assets. Expectations Below $20,000 by 2024 Among the intriguing…

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BlackRock’s Latest Update: Bitcoin ETF Prospectus Enhanced

Today, Eric Balchunas, an ETF analyst at Bloomberg, disclosed via social media that BlackRock has made revisions to its Bitcoin ETF prospectus. This update incorporates the addition of several new authorized participants, marking a significant development in the realm of digital assets. Notably, names such as Citadel, Goldman Sachs, UBS, and Citigroup emerge as fresh…

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Bitcoin Spot ETFs Witness Net Outflows Amidst Market Volatility

Recent data from SoSoValue has shed light on the movement within Bitcoin spot ETFs. On March 22nd, these ETFs experienced a notable net outflow totaling $51.6 million. This movement reflects a period of uncertainty and fluctuation in the market, prompting investors to reconsider their positions. Grayscale ETF GBTC: A Singular Event One standout in this…

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El Salvador’s Growing Bitcoin Reserves

El Salvador’s dedication to cryptocurrency, particularly bitcoin (BTC), is strengthening as it implements strategic initiatives to bolster its digital asset reserves. President Nayib Bukele’s recent announcement regarding the country’s plan to purchase one bitcoin daily until it becomes economically unfeasible with fiat currencies underscores its steadfast commitment. Consequently, El Salvador’s bitcoin holdings have surged to…

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