Bitcoin’s consistent performance: Trading within the $40,000 to $45,000 range for 146 days. Bitcoin’s steady stand: 146 days of trading between $40k and $45k

Quick Take Bitcoin’s price rally from October 2023, which saw it soar from $25,000 to $49,000 in January 2024, witnessed the digital asset hitting the $40,000 mark for the first time since April 2022 on Dec. 4. From then on, it steadily consolidated above $40,000 for 49 consecutive days. However, it lost the $40,000 support
The post Bitcoin’s steady stand: 146 days of trading between $40k and $45k appeared first on CryptoSlate.

Leia mais

Bitcoin ETFs could actually be good for the environment

Instead of hopelessly trying to convince institutional investors to “change Bitcoin’s code,” institutions could show a clear preference for cleaning mining practices

Leia mais

Binance Introduces Built-In Marketplace for Bitcoin Inscriptions Specific to BRC-20 Tokens within Its App. Binance Launches In-App Bitcoin Inscriptions Marketplace for BRC-20 Tokens

The Binance Inscriptions Marketplace provides a “one-stop solution” within the Binance Web3 Wallet for Bitcoin BRC-20 tokens such as ORDI.

Leia mais

A fresh approach to Proof of Work – Core Blockchain XCB emerges as an unexpected contender for 2024. A new take on Proof of Work – Core Blockchain XCB is a dark horse for 2024

Welcome to my new weekly column, Core Corner. This feature is focused on Core Blockchain (XCB), a layer-1 ecosystem attempting to reshape the decentralized digital landscape. Last year, I met with the chain’s core developers, CoDeTech, and produced this short documentary on the development up to that point. Since then, the team has launched the first
The post A new take on Proof of Work – Core Blockchain XCB is a dark horse for 2024 appeared first on CryptoSlate.

Leia mais

Hut 8 has entered into a four-year agreement to oversee the Bitcoin mining activities of Celsius through Ionic Digital. Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital

Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy. Ionic would be led by the former Chief
The post Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital appeared first on CryptoSlate.

Leia mais

If Bukele secures another term, El Salvador is set to forge ahead with its Bitcoin initiatives. El Salvador Will Race Ahead With Bitcoin Plans If Bukele Wins Reelection

El Salvador president Nayib Bukele is set to win Sunday’s election, polls say. And if he does, he’ll continue with his Bitcoin push.

Leia mais

During the fourth quarter, Tether generated close to $1 billion in profit each month. Tether made nearly $1B in monthly profit during Q4

Roughly two-thirds of the net profit was due to appreciation of the stablecoin issuer’s gold and bitcoin reserves

Leia mais