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2024-05-03 07:35:11 Kenya's president discusses the "transformative" economic potential of collaborating with Marathon to bring Bitcoin mining to the nation

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2024-05-02 20:40:34 MicroStrategy decentralized identity solution leveraging Ordinals attracts criticism from core Bitcoin proponents

MicroStrategy’s chairman, Michael Saylor, revealed the firm’s ambitious plan to introduce a decentralized identity solution called MicroStrategy Orange on the Bitcoin network during his Bitcoin For Corporations talk on May 1. This initiative aligns with MicroStrategy’s transformation into a Bitcoin-focused development company. The Virginia-based company holds 214,400 Bitcoin, valued at around $12.4 billion, making it the largest public holder of the flagship digital asset.

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2024-05-02 07:35:11 MicroStrategy launches an enterprise platform for building decentralized identity applications on Bitcoin — MicroStrategy Orange

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2024-05-01 22:04:58 Bitcoin begins May with plunge to two-month low as crypto market sees widespread losses

The crypto market started the new month of May in red, with Bitcoin’s price plunging to a two-month low of under $56,500. This decline extends the downtrend from April, marking Bitcoin’smost challengingt month since the November 2022 crash triggered by the collapse of the FTX exchange. Bitcoin’s slide mirrors a broader market trend, with major cryptocurrencies like Solana, Ethereum, Cardano, and Avalanche each seeing losses exceeding 7% during this period.

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2024-05-01 08:29:58 NEW: Bitcoin spot ETF recently went live in Hong Kong

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2024-04-30 19:54:58 Bitcoin price on track for first monthly loss since August

Bitcoin seems to be heading towards its first monthly loss, potentially ending a seven-month streak where it closed each month at a higher value than it started — a trend that has persisted since August. The largest digital asset by market capitalization commenced April with a price hovering around $70,000. However, as the month draws to a close, bitcoin is presently hovering just above the $61,000 mark — indicating a monthly decline of over 12%.

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2024-04-30 09:00:42 Small Bitcoin holders are accumulating even as prices fall

Bitcoin prices fluctuated dramatically over the past month, a fascinating trend emerged among different Bitcoin holder categories. Analysis of Glassnode's latest data reveals that while larger entities were reducing their holdings, possibly due to profit-taking or reaction to market changes, smaller entities did just the opposite. The balance for entities holding between 0.01 - 0.1 BTC saw the most notable increase.

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2024-04-29 19:31:16 Bitcoin 'hash price' slides to all-time low following fourth halving event

Bitcoin's so-called hash price has dropped to fresh all-time lows following Bitcoin’s fourth halving on April 20, despite a brief jump in revenue attributed to the hype surrounding Runes etching and hash rate remaining at comparatively high levels. Hash price is a term coined by Bitcoin mining services firm Luxor, referring to the expected value of 1 PH/s or 1 TH/s of hashing power per day. The metric quantifies how much a miner can expect to earn from a specific quantity of hash rate.

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2024-04-29 06:30:50 Transaction Fees Plunge to 35% of Bitcoin Miner Revenue Post-Halving: CryptoQuant

Transaction fees have fallen from $80 million on the halving day to $6 million as of April 26. The portion of Bitcoin miner revenue coming from transaction fees has fallen significantly after surging on the day of the last halving event. A CryptoQuant report revealed that transaction fees now represent 35% of total miner revenue, a significant decline from the 75% recorded on April 19.

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