Paraguay hydroelectric power sustains Bitcoin mining with 2% energy use
Paraguay asserts Bitcoin mining consumes 2% of its energy, with Itaipu Dam supplying 90% hydroelectric power, as industry leaders like Bitfarms expand operations.
Circle insiders transfer $1.4 billion in shares following IPO surge
Circle insiders transferred $1.4 billion in shares after the IPO surge, involving entities like BlackRock and Goldman Sachs, with USDC market cap at $28 billion.
Binance Bitcoin reserves hit 579,000 BTC as market recovers in Q1 2024
Binance Bitcoin reserves increased to 579,000 BTC, reflecting institutional confidence. Bitcoin trades at $42,000, with Ethereum at $2,250 amid market recovery.
Bitpanda enters UK market with 600+ crypto assets and Arsenal FC deal
Bitpanda expands to the UK offering 600+ crypto assets, partners with Arsenal FC, and targets 1 million users by 2025 with its trading platform.
Strategy LLC becomes StratX as Bitcoin hits $50,000 and Fed holds rates
Strategy LLC rebrands as StratX, signaling expansion. Bitcoin hits $50,000, Ethereum up 15%. Fed maintains 5.25% rate amid inflation concerns.
XLM tests $0.4569 resistance with $120M volume as market stabilizes
XLM tests resistance at $0.4569 with 24-hour volume of $120M. Analysts note potential breakout as Bitcoin and Ethereum stabilize.
Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin
Bessent reversed stance, Treasury seeks budget-neutral Bitcoin options. Bitcoin (BTC) rose 3% after the statement. SEC Chair Gensler reiterated caution on crypto.
BtcTurk security breach affects 10% of wallets, user funds secure
BtcTurk, a Turkish crypto exchange, confirmed a security breach affecting 10% of wallets; Bitcoin and Ethereum holdings remain secure with no user losses reported.
Citigroup evaluates crypto ETF custody and stablecoin services for $2.57T assets
Citigroup explores stablecoin and crypto ETF custody, with $2.57 trillion in assets. Bitcoin and Ethereum mentioned as key focus areas.
American Bitcoin orders 10000 Bitmain rigs amid US-China trade tensions
American Bitcoin purchased 10,000 Bitmain Antminer S19 rigs as US-China trade tensions escalate, boosting its mining capacity by 1.5 exahashes.
