Bitcoin Exchange Raises $320M to Repay Hack Victims
Japanese crypto exchange @DMM_Bitcoin to raise $320M to refund victims of recent hack. Over 4,500 BTC lost. Compliance with regulations ensures full refunds. #CryptoNews #Bitcoin
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
DMM Bitcoin Exchange Announces Hack Compensation Plan
Japanese exchange @DMMBitcoin lost 4502.9 BTC ($320M) in a hack. To compensate users, DMM Bitcoin plans to buy the same amount from parent company @DMM_com by June 10, 2024. #CryptoNews #Bitcoin
Top Bitcoin Cloud Mining Platforms of 2024
Top Bitcoin cloud mining platforms in 2024 like GDMining, Binance Pool, Genesis Mining, and Hashflare offer efficient, passive mining solutions. NiceHash and Cudo Miner add flexibility. #CryptoMining #Bitcoin
Bitcoin ETFs See $886.6M Inflow, Second-Best Day Since March
Bitcoin ETFs saw their second-best inflow day on June 4, 2024, with nearly $1B added. Leading were Fidelity’s $FBTC at $378.7M and Blackrock’s $IBIT at $274.4M. #Bitcoin #CryptoNews
Bitcoin NFT Sales Hit $171M Monthly Record
Bitcoin’s NFT sales hit $171.8M in 30 days, with a top sale of $681K. Bitcoin leads monthly NFT sales, followed by $ETH, $SOL, and $MATIC. #Crypto #NFTs
Rootstock Expands Bitcoin L2 Across Latin America
Rootstock’s @ricardocastro reveals plans to expand Bitcoin layer-2 protocol in Latin America at Money 20/20 Amsterdam, boosting DeFi access in emerging markets. $BTC #CryptoNews #DeFi
Bitcoin Mining Reserves Plummet to 14-Year Low
Bitcoin miner reserves hit a 14-year low, holding just 1.8M BTC ($126B). Analysts warn of a supply crisis amid rising demand and spot ETF inflows. #Bitcoin #CryptoNews
Crypto Arcade Revolution: SOL, PEPE, Rebel Satoshi Games
Solana ($SOL), Pepe ($PEPE), and Rebel Satoshi Arcade ($RECQ) are gaining traction ahead of a potential bull run. $RECQ’s ICO stage 2 nearly sold out, predicts 50x jump! #Crypto #Updates
Thailand Launches First Spot BTC ETF for Wealthy Investors
Thailand SEC approves the first spot Bitcoin ETF, managed by ONEAM, for ultra high net-worth individuals and institutions. This marks Thailand’s entry into the global crypto ETF market. #Bitcoin #CryptoNews
Spot BTC ETFs See Record-Breaking Inflows for 4th Week
Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have started their fourth week with positive inflows, recording $105.1 million on June 3. This marks a significant streak of gains since May 10, with only one day of no inflows. VanEck Bitcoin Trust ETF and WisdomTree Bitcoin Fund also saw gains, recording $2 million and $1.1 million respectively. Notably, this is the second-longest positive run for BTC ETFs in the U.S., with 16 consecutive days of inflows. Bitcoin has been consolidating between $68,800 and $69,300, briefly touching a seven-day high of $70,230. Despite a 0.11% price decline, BTC’s market cap… Read More »Spot BTC ETFs See Record-Breaking Inflows for 4th Week
Adopt Bitcoin as Secondary Currency for Economic Growth
Chamath Palihapitiya suggests nations adopt Bitcoin as a secondary currency, predicting $BTC could hit $500,000 by Oct 2025. Bitcoin’s 11% growth in May 2024 underscores its potential. #CryptoNews
Bitcoin ETF Launches in Australia Tuesday
Australia’s first spot Bitcoin ETF, the Monochrome Bitcoin ETF, will start trading on the Cboe Australia exchange on Tuesday. Listed as IBTC, it carries a management fee of 0.98% and allows investors to access Bitcoin within a regulated framework overseen by the Australian Securities & Investments Commission (ASIC). This ETF is the first in Australia to hold Bitcoin directly, granting investors legal rights to their Bitcoin and enabling withdrawals. Monochrome collaborates with Gemini as the Bitcoin custodian, ensuring security and compliance. The ETF aims to mirror BTC market prices and withstand manipulation, enhancing its reliability. The launch comes amid a… Read More »Bitcoin ETF Launches in Australia Tuesday
Bitcoin Investors Are Rational and Wise
New study by the University of Toronto shows Canadian Bitcoin investors are financially literate and emotionally stable, debunking stereotypes of being reckless. #Bitcoin #CryptoNews
Bitcoin and Ethereum Price Predictions by Experts
Bitcoin surges past $69,000, ending June above $64,899, while Ethereum hits $3,800. Experts predict minimal corrections, indicating further upward momentum for both assets. #crypto #Bitcoin #Ethereum