Bitcoin Staking Protocol Babylon Raises $70 Million
Babylon raises $70M, led by @Paradigm, to enhance #Bitcoin utility via Proof-of-Stake. Contributions from @PolychainCap, @HashkeyCapital, and HTX Ventures. #Crypto #Updates
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Babylon Bitcoin Staking Achieves Record-Breaking Investment
Babylon secures $70M led by @Paradigm, with support from Bullish Capital & Polychain Capital. Aims to integrate Bitcoin into PoS systems, enhancing economic security. #Bitcoin #CryptoNews
Bitcoin Miner OCEAN Expands to El Salvador
OCEAN, supported by @jack, opens a new Bitcoin mining hub in El Salvador. This aims to decentralize mining and boost local development. President Bukele’s BTC commitment remains strong. #Bitcoin #CryptoNews
Feds Uncover $169M Bitcoin in 911 S5 Botnet
Chainalysis uncovers $169M in Bitcoin linked to 911 S5 botnet, leading to the arrest of Yunhe Wang. The botnet facilitated cybercrime activities like financial fraud and identity theft. #CyberSecurity #BlockchainForensics
Bitcoin Liquid Staking Launch by Babylon and pSTAKE
pSTAKE Finance, backed by @BinanceLabs, partners with Babylon to launch Bitcoin liquid staking, enhancing Bitcoin’s utility in DeFi. BTC deposits start soon. #CryptoNews #DeFi #Updates
SOL Milestone Nears, DOGE Stagnates, Rebel Satoshi Surges
“Solana ($SOL) nears $200 milestone, with analysts predicting it could surpass $260 by June. Meanwhile, Dogecoin’s ($DOGE) growth levels off amid high market cap and competition. #CryptoNews”
Visual: Graph showing $SOL and $DOGE trends.
Bitcoin Unstoppable Says Cathie Wood at Consensus 2024
ARK Invest CEO Cathie Wood at Consensus 2024 declared Bitcoin “unstoppable,” highlighting its decentralized nature and strategic value. She praised El Salvador’s adoption and noted the spot Ethereum ETF approval as a sign of growing U.S. pro-crypto sentiment. #Bitcoin #CryptoNews
NYSE Launches Bitcoin Options Tracking Collaboration
NYSE partners with @CoinDesk to launch a cash-settled Bitcoin index for options trading. This move integrates crypto with traditional finance, enhancing risk management for investors. #CryptoFinance #Bitcoin
Ethereum ETF to Capture 20% of Bitcoin ETF Inflows
Ethereum ETFs may capture only 20% of Spot Bitcoin ETF inflows, forecasts @EricBalchunas. Expected initial volume: $1-2B. Ethereum likened to silver, complementing Bitcoin’s gold role. #Crypto #ETFs
Experts Recover Lost $3M Bitcoin Wallet Access
Experts recovered access to a crypto wallet with 43.6 BTC ($3M) after nearly a decade! Led by @JoeGrand and Bruno, they cracked the password from a corrupted RoboForm file. #Bitcoin #CryptoSecurity
Cyber Engineers Recover $3M Bitcoin from Password Manager
American engineer Joe Grand recovered $3M in Bitcoin by exploiting an old flaw in RoboForm. This highlights the importance of robust digital security measures. #Bitcoin #CyberSecurity
Bitcoin Hashrate Surge Threatens Miners’ Profits
Public Bitcoin miners are set to boost ASIC orders in 2024, leading to a projected +5.97% difficulty adjustment. Bitcoin’s hashrate hits a record 659 EH/s, up 13.6%. #Bitcoin #CryptoNews
BlackRock’s IBIT Surpasses Grayscale’s GBTC in Bitcoin ETF
BlackRock’s IBIT has surpassed Grayscale’s GBTC as the largest U.S. spot bitcoin ETF, managing nearly $20B in bitcoin after a $102M inflow. Lower fees drove investor preference. #Bitcoin #CryptoNews
Bitcoin ETFs Attract $45M Inflows
Spot Bitcoin ETFs saw $45M inflows on May 28, while @Grayscale GBTC had major outflows. This marks the 11th consecutive day of inflows, highlighting strong investor confidence. #CryptoNews #BitcoinETFs