Category: Latest news
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Bitfarms sold 90% of its Bitcoin mined in May
[ad_1] Bitcoin (BTC) miner Bitfarms sold 414 BTC, representing 90.19%, of its mined 459 BTC in May, according to a June 1 statement. According to the statement, the miner generated $11.3 million from the sold assets, reducing its debt by $1.8 million, leaving a balance of $17.4 million as of May 31. BTC production When…
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Bitcoin outperforms commodities as market gears up for high volatility
[ad_1] Despite the broader market crisis induced by the U.S. debt ceiling issue, Bitcoin and commodities, particularly gold and silver, have demonstrated notable performance since the start of 2023. Graph showing the YTD price of BTC, XAU, and XAG on May 31 (Source: Glassnode) Over the last 90 days, Bitcoin has recorded a 15.85% increase,…
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Bitcoin Magazine Ventures launches Bitcoin Ecosystem Fund with Sora Ventures’ support
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Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years
[ad_1] Quick Take The total daily amount of Bitcoin transferred from miners to exchange wallets hit a two-year high yesterday. The transaction occurred between the mining pool, Poolin, and Binance. This does not necessarily mean that the Bitcoin was sold; it only means that it was transferred. CryptoSlate has been monitoring Poolin since it experienced…
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Asiaβs Bitcoin supply continues to increase during bear market
[ad_1] Quick Take Asia’s Bitcoin supply is at its highest level since 2016. This metric estimates the year-over-year change in the share of the Bitcoin supply held or traded in Asia. The year-over-year supply in Asia has just breached 9%; this is the highest level since the bear market back in 2016, which got to…
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Eurozone inflation data trends for core CPI, unemployment remain strong
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Crypto scams and exploits in May led to $60M loss: CertiK
[ad_1] Crypto-related exploits, hacks, and scams in May resulted in nearly $60 million in losses, according to blockchain security firm Certik. On May 31, CertiK confirmed that malicious players in the industry stole $59.8 million through exit scams, flash loan attacks, and DeFi protocol exploits. This brought the total year-to-date malicious losses to $489.57 million.…
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US court says IRS has legal authority to access Coinbase usersβ trading data
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TD Cowen shutters digital assets unit
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NFL players union unable to collect $41.8M in NFT-related revenue
[ad_1] The National Football League Players Association (NFLPA) could not collect tens of millions of dollars in licensing and sponsorship revenue linked to the crypto industry during the 2022 fiscal year, The Athletic reported, citing sources familiar with the matter. The NFLPA disclosed in its annual filings with the U.S. Department of Labor that OneTeam…