Riot Platform has acquired Block Mining for $93 million, boosting its self-mining hashrate by one exahash per second, enhancing competitiveness and solidifying its position in the cryptocurrency mining sector.
Jersey City’s Mayor Steven Fulop plans to invest in Bitcoin ETFs for the city’s pension fund, potentially setting a precedent for municipal finance and reflecting a growing acceptance of cryptocurrency among Americans.
Jersey City, led by Mayor Steven Fulop, will invest part of its pension fund in Bitcoin ETFs, following Wisconsin’s $160M move. This decision, expected to finalize by summer’s end, shows growing institutional interest in $BTC. U.S. pension funds manage over $27T. #CryptoNews
BitcoinOS has achieved a historic milestone by verifying the first zero-knowledge proof on the Bitcoin mainnet, enhancing privacy and scalability, and positioning Bitcoin for advanced decentralized applications.
The Bitcoin 2024 conference in Nashville on July 27 will feature Donald Trump, highlighting the crucial intersection of politics and cryptocurrency, with over 40% of attendees stressing political engagement for Bitcoin’s growth.
Bitcoin’s recent volatility reflects shifting market sentiments, with over 60% of investors prioritizing regulatory compliance, signaling a move towards a more structured and sustainable crypto economy.
Bitstamp has initiated repayments to Mt. Gox creditors, distributing around 200,000 BTC. This significant step enhances market confidence and sets a precedent for future crypto recoveries.
Marathon Digital Holdings, the largest Bitcoin miner, invested $100 million in Bitcoin, committing to a ‘full hodl’ strategy and showcasing confidence in Bitcoin’s long-term value by not selling mined BTC in June.
Web3 gaming has surged with a 30% increase in active users in 2024, marking a pivotal shift as players engage in decentralized environments and cross-platform games, enhancing social connections through unique quests.
The crypto market faces a major downturn today, with $1 billion in liquidations following a sharp sell-off, highlighting the fragility of investor sentiment and the importance of risk management.
VanEck predicts Bitcoin could soar to $2.9 million by 2050, with Layer-2 solutions potentially valued at $7.6 trillion, highlighting Bitcoin’s pivotal role in enhancing transaction efficiency.
Mt. Gox, once a top crypto exchange, still holds 90,000 Bitcoin worth $6 billion, offering hope for creditors after nearly a decade of waiting. This highlights the need for stronger regulatory frameworks in crypto.
Bitcoin is edging closer to the crucial $65,000 resistance level, signaling potential short-term recovery amidst US stock market struggles, highlighting its resilience as a preferred portfolio diversifier.
Galaxy Digital, led by Mike Novogratz, raises $113M for a crypto VC fund targeting $150M. The fund plans to invest $3-5M in 30 crypto startups like Monad and Ethena, reflecting increased institutional interest in digital assets. #CryptoNews
