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BTC – Bitcoin

  • Bitcoin News

    Bitcoin mining difficulty increases 13.2%

    Bitcoin miners saw another mining difficulty adjustment on Wednesday night, with an increase of 13.24%, according to data from BTC.com. Fast facts The mining difficulty level is now at 17.62 trillion at block height 697,536, reflecting a 13.24% increase from the last adjustment, the data showed. The latest adjustment follows two increases after four consecutive […]

    Timmy Shen

  • Bitcoin News

    Chinese tech company Meitu reports $17M loss on Bitcoin holdings in 1H 2021

    Meitu, a Hong Kong-listed Chinese technology company best known for its popular beauty apps, saw an RMB111,907, 000 (US$17.3 million) impairment loss on its Bitcoin holdings in the first six months of 2021, the company reported in its latest financial results. Fast facts According to Meitu’s Aug. 25 HKEX filing: “the decrease in fair value […]

    Michelle Lim

  • Regulation

    Bitcoin ATM firms and Chainalysis form cooperative to protect public

    Bitcoin ATM operators DigitalMint and Coinsource are joining blockchain analytics company Chainalysis to form the Cryptocurrency Compliance Cooperative (CCC). The mission of the CCC is to bolster compliance standards and protect consumers in the cash-to-cryptocurrency industry. Fast facts Leaders in the cash-to-crypto business say they are on the mission to create a safer environment for […]

    Lucas Cacioli

  • Bitcoin News

    El Salvador rolls out 200 Bitcoin ATMs ahead of nationwide adoption

    In preparation for El Salvador adopting Bitcoin as legal tender, the nation is rolling out 200 ATMs and preparing 50 bank branches across the nation to allow residents to exchange crypto for fiat easily, President Nayib Bukele has announced over the weekend via Twitter. Fast facts With El Salvador’s Bitcoin adoption bill coming into effect […]

    Lachlan Keller

  • Investment Insights

    Solana sees investment inflows of $7M, largest of any digital asset: CoinShares

    After six consecutive weeks of outflows, institutional sentiment for digital assets is turning, with net inflows of US$21 million last week, according to CoinShares, Europe’s largest digital assets fund manager. Fast facts Total assets under management (AUM) across all digital asset fund providers rose to US$57.3 billion, the highest since mid-May, driven by the recent […]

    Michelle Lim

  • Bitcoin News

    Aussie tech entrepreneur offers Bitcoin to those vaccinated against Covid

    Finder.com CEO Fred Schebesta is offering AU$5 (US$2.85) worth of Bitcoin to every Australian who is fully vaccinated against Covid-19. Fast facts Announcing the plan on Sydney radio this week, the self-made millionaire said he was looking for a way to contribute to the vaccination effort and thought this could be a way to help. […]

    Lachlan Keller