Bitcoin

Grayscale’s Bitcoin ETF Appeal Oral Arguments Scheduled
Bitcoin

Grayscale’s Bitcoin ETF Appeal Oral Arguments Scheduled

According to a court order filed on Monday, the District of Columbia Court of Appeals will commence the hearing of oral arguments on Grayscale Investment’s appeal against the SEC’s denial of converting Grayscale Bitcoin Trust into an ETF. However, both sides will argue their cases in the District of Columbia Court of Appeals on March […]

Jan. 25, 2023
BlockFi Sells Off $160 Million In Bitcoin Mining Machine Loans: Report
Bitcoin

BlockFi Sells Off $160 Million In Bitcoin Mining Machine Loans: Report

As part of bankruptcy proceedings, the bankrupt cryptocurrency lending company BlockFi intends to auction off $160 million in debts secured by over 68,000 Bitcoin mining rigs, according to reports. As stated in a January 24 Bloomberg report citing “people familiar with the subject,” the New Jersey-based company began the loan bidding process last year. In November 2022, […]

Jan. 24, 2023
Bitcoin Getting Green, Tops $21,000
Bitcoin

Bitcoin Getting Green, Tops $21,000

Bitcoin, the world’s largest and most popular cryptocurrency, continues to rise in 2023. Over the weekend, the price hit its first high of $21,000 after FTX and Alameda Research’s crypto market collapse. It traded as high as $21,360 on Sunday. It is still far from November 2021 high of $69,000. However, this has given markets […]

Jan. 17, 2023
Bitcoin Rises Over $18,000 For The First Time In A Month As US Inflation Falls
Bitcoin

Bitcoin Rises Over $18,000 For The First Time In A Month As US Inflation Falls

Bitcoin rose to its highest level in over a month on Thursday as traders gambled on a slowing of US inflation and absorbed the news that attorneys for collapsed crypto exchange FTX had discovered billions of dollars in assets. For the first time since December 14, the world’s largest digital currency has risen beyond $18,000, […]

Jan. 12, 2023
Stacks A Blockchain Project, Aims To Add Smart Contracts To Bitcoin
Bitcoin

Stacks A Blockchain Project, Aims To Add Smart Contracts To Bitcoin

The Stacks blockchain project has published a whitepaper outlining how a new currency dubbed “Stacks bitcoin” (sBTC) may be used to make Bitcoin completely programmable. Developers can only create a certain amount on the network. Additionally, Bitcoin has a less complex programming language than Ethereum or Solana. Launching sBTC, a new digital asset derived from […]

Dec. 30, 2022
Bitcoin Miner Argo Blockchain $65 Million Deal With Galaxy Digital For Texas Facility
Bitcoin

Bitcoin Miner Argo Blockchain $65 Million Deal With Galaxy Digital For Texas Facility

Argo Blockchain, a Bitcoin mining company, said it had entered legal contracts with Galaxy Digital Holdings. Under the terms of the deal, Argo’s company would sell its Helios facility in Dickens County, Texas, for $65 million. As stated in the announcement, Galaxy will also house Argo’s mining equipment at Helios. In addition, to restructure its asset-backed […]

Dec. 28, 2022
Bitcoin Hash Rate Down By 40% Due To Energy System’s Stress Days
Bitcoin

Bitcoin Hash Rate Down By 40% Due To Energy System’s Stress Days

The Hash rate for Bitcoin mining is once again at normal levels. The nation’s energy system was under stress days after freezing conditions across the country caused a brief reduction in hash rate. Between December 21st and December 24th, as per data from BTC.com, BTC hashrate decreased by around 100 exahash per second (EH/s), or […]

Dec. 26, 2022
Blockware Customer Alleges Fraud, Theft, And Breach Of Contract In A Lawsuit
Bitcoin

Blockware Customer Alleges Fraud, Theft, And Breach Of Contract In A Lawsuit

In a lawsuit, a customer accused Blockware Solutions of breach of contract, fraud, unfair trade policies, and theft. The lawsuit, filed on December 17 in U.S. District Court for the Northern District of Illinois, focuses on a charge that Blockware sold Faes & Co. 50 mining rigs for $525,000. Per the Faes, Blockware does not […]

Dec. 24, 2022
Bitcoin Miner Core Scientific’s Stock Price Rose By 240%
Bitcoin

Bitcoin Miner Core Scientific’s Stock Price Rose By 240%

Following the news from one of its major creditors, B. Riley Financial, that new money would be presented to help the firm escape bankruptcy on December 14, the shares of Bitcoin (BTC) mining company Core Scientific have grows by almost 243%. CORZ was trading at $0.46 earlier today, according to Tradingview data. In one year, […]

Dec. 16, 2022