Bitcoin

Bitcoin prices must move a lot to make mining feasible, so while the miners could be a juiced way to play a Bitcoin price increase, they also carry a lot more risk and Bitcoin prices will need to double just to keep their economics the same.

Jessica Jonas, chief legal officer of the nonprofit Bitcoin Legal Defense Fund, discussed the potential legal ramifications of a high profile lawsuit against Bitcoin core developers during the Bitcoin 2023 event in Miami on May 18.

There are growing hopes that the Securities and Exchange Commission is close to finally approving a so-called spot Bitcoin exchange-traded fund, an ETF that would be allowed to buy actual Bitcoin at its current price as opposed to Bitcoin futures.

While the agency has rejected spot bitcoin ETFs, it has approved bitcoin futures ETFs, which track agreements to buy or sell bitcoin at a pre-agreed price.

As spot Bitcoin ETFs gain traction, more and more retail investors can gain exposure to Bitcoin through their brokerage accounts, without going through the hurdles of actually holding Bitcoin.

BITO differs from Bitcoin by owning Bitcoin futures without exposure to the Bitcoin spot market.

Generation Bitcoin founders Ella Hough and Arsh Molu officially launched the Bitcoin Student Network (BSN) to unite Bitcoin student groups, globally.

Now people are wondering what will happen to Bitcoin miners given that the reward has decreased from 6.25 Bitcoin to 3.125 Bitcoin.

The price decline came a week after the Bitcoin “halving” event, which cut the reward for miners who create new Bitcoin from 6.25 Bitcoin to 3.125.

Also Wednesday, the bankruptcy trustee for Mt. Gox, once a massive Bitcoin exchange that is no longer active, said he'd sold about $400 million in Bitcoin and Bitcoin Cash over the past several months.

One of the reasons for the decline in bitcoin value is the split of bitcoin cash – an offshoot of bitcoin – into two different cryptocurrencies, which are now competing with each other and causing turmoil in the cryptocurrency space.

Although lower interest rates and the possible launch of Bitcoin ETFs point to price trends carrying on, if things fail to play out in line with expectations, Bitcoin could take a big tumble, knocking down WULF and other miners alongside it.

As you all know, our strategy is to acquire and hold Bitcoin and we plan to continue to accumulate Bitcoin over time using our excess cash and with the net proceeds of capital markets transactions.

Bitcoin Cash has a market capitalization of $2.55 billion and $127.72 million worth of Bitcoin Cash was traded on exchanges in the last day.

Bitcoin dominance, the ratio of Bitcoin’s market cap to the overall crypto market, in March amid the recent banking crisis that saw three central US banks collapse in one week.

Bitcoin mega-supporter and MicroStrategy co-founder Michael Saylor recently revealed that his company bought 6,455 Bitcoin in late March, a transaction worth $150 million.

Bitcoin mining is an energy-intensive process in which miners use powerful computers to validate transaction data on the Bitcoin blockchain, keeping the network running and earning the token as a reward.

Bitcoin mining validates Bitcoin network transactions and introduces them to the blockchain.

Bitcoin News recently highlighted the staggering $958 million in dormant bitcoin transactions in 2023.

Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock.