HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of $25 million due at closing in the first quarter of 2025, with the remaining $31 million to be paid in six equal monthly installments. The $56 Million Purchase...Read More
The altcoin market witnessed intense growth in January following Donald Trump’s return to the White House. In January, the Official Trump meme coin gained significant spotlight as it recorded multiple ATHs in a few hours. As a result, January was a rocky month for the market. Several cryptocurrencies reached record highs only to drop significantly...Read More
The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times Wednesday. On Thursday, the Czech National Bank (CNB) said it would start analyzing the prospects of introducing additional asset classes to its reserve,...Read More
As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of investors hold cryptocurrencies. This metric takes into account the wallet sizes of small and large investors,...Read More
The Bitcoin decentralized finance (DeFi) liquidity protocol, Velar, has unveiled the BTC Name Grant Program to unify digital identities on the Bitcoin layer-2 network Stacks and simplify on-chain transactions. According to a press release shared with CryptoPotato, the latest initiative will boost the use of the .BTC digital identity standard in the Bitcoin ecosystem, significantly...Read More
Elon Musk-owned electric vehicle maker Tesla reported a $600 million gain on its Bitcoin holdings in Q4, benefiting from a new accounting rule that allows companies to adjust digital asset valuations quarterly based on market prices. According to Arkham Intelligence, Tesla holds 11,509 BTC, currently worth approximately $1.19 billion. However, the company did not explicitly...Read More
Roger Ver has publicly pleaded for assistance from U.S. President Donald Trump, expressing fears that he could soon face extradition from Spain to the United States. In a video posted on X, he stated that he could be sentenced to up to 109 years in prison for what he described as “activism within cryptocurrency.” The...Read More
Digital asset investments saw $1.9 billion in inflows last week, bringing YTD inflows to $4.8 billion. Presidential orders proposing Bitcoin as a reserve asset likely influenced this surge in investments. Despite flat price movements, trading volumes reached $25 billion, making up 37% of trusted exchange activity. Bitcoin Dominates Digital Asset Inflows US President Donald Trump...Read More
Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period. All in all, Layer 1 and 2 blockchains collectively earned almost $6.9 billion from transaction fees last year. Ethereum Maintains Fee Dominance Despite...Read More
President Donald Trump splashed the crypto waters earlier this week when he signed an executive order focused on digital assets to be potentially included in the US reserves. Although it’s not officially approved yet, the decision has sparked substantial debates within the community on which cryptocurrencies should be included or whether it should just be...Read More
Speaking with CNBC’s Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland, Pick said his bank is working with US regulators to see how it can enter the market. That’s another big splash into the sea of cryptocurrency by traditional finance corporations, making the industry’s dream of institutional adoption a reality. Crypto’s Institutional...Read More
Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with bullish activity on that prospect alone....Read More
Some brief context: Bitcoin burst up from glances of support at the $92,500 and $93,000 levels earlier this month. On Wednesday, Jan. 15th, the world’s first cryptocurrency flew over $100,000 in daily spot prices for the fourth time since December. This time, BTC may stay above medium-term support for the $100,000 mark. Strong whale moves...Read More
Over the last nine days, bitcoin (BTC) has experienced a sharp dip below $90,000 and a strong recovery above $108,500. Analysts at the crypto exchange Bitfinex attributed the rebound in price to spot demand picking up, especially among crypto exchanges based in the United States. According to the newest edition of the Bitfinex Alpha report,...Read More
A recent opinion piece in The Nation by TIME Business reporter Sam Gustin tells readers to “Be Afraid.” He’s warning them about cryptocurrency and Donald Trump. In it, the author quotes Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz, saying: “There’s an enormous risk of self-dealing here.” Economist’s Warning About Trump, Cryptocurrency “The danger...Read More
Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has insisted that the regulatory body never classified Bitcoin and Ethereum as securities. Additionally, he separated the world’s largest cryptocurrency by market cap from other tokens, saying they still have to prove their actual value. A Clear Distinction for Bitcoin, Ethereum Gensler made the statements...Read More
Italy’s largest banking institution, Intesa Sanpaolo, has reportedly bought Bitcoin worth €1 million. The transaction marks the first direct cryptocurrency purchase by a bank in the country, potentially reshaping its cautious approach to digital assets. Breaking Tradition Rumors of the acquisition first emerged on 4chan after a user shared screenshots of emails attributed to Intesa’s...Read More
A recent survey conducted by the on-chain analytics platform CryptoQuant has revealed key trends in demographics and digital asset exchange preferences for crypto users in 2024. According to a report shared with CryptoPotato, CryptoQuant carried out the survey between November and December 2024. There were 1,478 respondents, all residing in Asia, Europe, North America, South...Read More
Despite the current state of the crypto market, Bitcoin miners are having an even more difficult time producing blocks and running their operations. Bitcoin mining difficulty hit an all-time high, but an even more notable occurrence is that this uptick is the eighth consecutive one, which could mean several things for the budding crypto network....Read More
An unnamed Canadian crypto forum moderator was reportedly forced to go into hiding with his family following an alleged kidnap attempt where the criminals intended to steal his Bitcoin. According to the local press, the man has been forced to move his family from one Airbnb to the next because the police are apparently unable...Read More
The year 2024 saw the Bitcoin mining industry record significant developments and historic milestones. According to a report by the Bitcoin mining entities NiceHash and Digital Mining, 2024 was a record-breaking year for the promising industry. NiceHash and Digital Mining revealed that in 2024, the mining industry witnessed high block space demand, increased hashrate, and...Read More
Nevada-based Bitcoin mining firm – CleanSpark – has reached a significant milestone by surpassing 10,000 BTC in its treasury. All the Bitcoins were mined exclusively from its US-based operations. The latest figure reflects a 236% year-over-year (YoY) increase in its Bitcoin holdings. CleanSpark Hits Milestone Zach Bradford, CEO and President of the firm attributed the...Read More
Standard Chartered has announced the launch of a new entity in Luxembourg to serve as its regulatory entry point for providing crypto and digital asset custody services to clients within the European Union (EU). The multinational bank’s initial crypto services in the region will focus exclusively on Bitcoin (BTC) and Ethereum (ETH), with plans to...Read More
Russian authorities are reportedly looking to liquidate a major Bitcoin stash seized during investigations into an international cybercrime gang that operated between October 2010 and February 2018. According to local reports, the government will initially dispose of about $10 million worth of BTC and plan to sell more than 1,000 BTC, which are currently valued...Read More
With Bitcoin’s increasing presence in traditional financial systems and speculation around a US BTC strategic reserve, some experts foresee a major supply shock during this cycle, potentially disrupting the 4-year cycle theory with extraordinary price growth. However, a new report indicates that such a supply shock is unlikely to happen in 2025. Analyzing Bitcoin Long-Term...Read More
Bhutan’s newly established Special Administration Region – Gelephu Mindfulness City (GMC) – announced plans to recognize digital assets such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) as part of its strategic reserves. The latest move has made the region one of the first jurisdictions to officially hold digital assets within its reserve portfolio....Read More
The US entities’ share of global Bitcoin reserves has reached an all-time high amidst increasing confidence in the asset class. The figure is now 65% higher than non-US entities, according to CryptoQuant CEO Ki Young Ju. This milestone is based on an analysis of Bitcoin holdings by identifiable US entities – including miners, MicroStrategy (MSTR),...Read More
Before winning the 2024 presidential election in a landmark victory for the cryptocurrency sector, former president Donald Trump promised to establish a national Bitcoin reserve. As a result, crypto markets have been making big bets on Bitcoin’s price increasing throughout 2025. But Trump hasn’t yet committed the federal government to making any new Bitcoin purchases....Read More
Musk will head the newly-created White House advisory office named D.O.G.E. It’s a play on the Texas techno king’s love for Dogecoin and an acronym that stands for Department of Government Efficiency. DOGE Aims to Whip Inflation Now We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk (@elonmusk) December 26, 2024...Read More
Governments and central banks, from the United States to Switzerland, are giving Bitcoin serious consideration as an alternative to traditional reserve assets, with the Czech Republic being one of the latest to signal interest. The governor of the Czech National Bank (ČNB), Aleš Michl, has floated Bitcoin as a potential diversification strategy for the country’s...Read More
