Search results for bitcoin
Why Bitcoin- And Ethereum-Related Stock Hut 8 Mining Is Skyrocketing Again Today
Hut 8 Mining Corp. (NASDAQ: HUT) shares are trading higher by 17.6% to $3.48 Friday afternoon on continued strength after the company Thursday reported 30.7% year-over-year revenue growth. What Happened? Hut 8 says revenue increased by $10.3 million to $43.8 million compared to $33.5 million for the quarter ended June 30, 2021. The Company mined 946 Bitcoin in the quarter ended June 30, 2022, a 71% increase compared to the same period in 2021 due to an increase in hashrate from additional highly efficient miners and initial ramping of activities at Hut 8's third mining site in North Bay, Ontario... Read More See Also: Here's Why Bitcoin- And Ethereum-Related Stock Marqeta Is Getting Hammered According to data from Benzinga Pro, Hut 8 Mining has a 52-week high of $8.34 and a 52-week low of $1.27. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
CFTC Files Charges Against $12 Million 'Bitcoin Ponzi Scheme'
The CFTC claims an Ohio man and his associates used would-be investors’ cash and Bitcoin to fund a lavish lifestyle.
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CFTC accuses Ohio man of operating $12 million ‘bitcoin Ponzi scheme’
An Ohio man is accused of fraudulently soliciting funds for digital asset trading in a new CFTC civil enforcement action. The post CFTC accuses Ohio man of operating $12 million ‘bitcoin Ponzi scheme’ appeared first on The Block.
Anonymous Crypto Wallet Moves $95M Worth Of Bitcoin Onto Gemini
What happened: An anonymous cryptocurrency wallet holding $95,573,220 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS You can view more details about the transaction here. Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds on a hardware wallet, as these devices offer better security than cryptocurrency exchanges. Hardware wallets store investors' private keys offline, securing their digital assets from online hacks. When whales transfer bitcoin onto an exchange, this typically means they are looking for liquidity. It's unlikely that the investor plans to hold their crypto on Gemini, as the security risks of holding large amounts of cryptocurrency on an exchange are higher than holding these assets in a hardware wallet. It's likely that this Bitcoin whale is planning either on selling Bitcoin or trading it for other altcoins. Price Action: Bitcoin is down -1% in the past 24 hours. See Also: How To Buy Bitcoin Public Blockchain data sourced from Whale Alerts Twitter. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Bitcoin Whale Moves 3,000 BTC Off Gemini
What happened: A Bitcoin (CRYPTO: BTC) whale just sent $71,301,833 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3KiC6mvNu5GBPnxKhtHKS88Km3UWVxhWtx. Why it matters: Bitcoin "Whales" (investors who own $10 million or more in BTC) typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, as exchange wallets are the most sought-after target for cryptocurrency hackers. The best way to secure Bitcoin is through holding it on a hardware wallet, which can't be done through holding digital assets on an exchange. Hardware wallets store one's private keys in an offline device, making it impossible for funds to be hacked via the internet. According to Glassnode, only 12.43% of the total supply remains liquid across all centralized exchanges. The removal of BTC from an exchange reduces potential sell side pressure, allowing the price of Bitcoin to increase more easily. See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers Price Action: Bitcoin is down -1% in the past 24 hours. See Also: How To Buy Bitcoin Public Blockchain data sourced from Whale Alerts Twitter. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
2,500 Bitcoin Was Just Transferred From Coinbase To Binance
What happened: An anonymous Bitcoin (CRYPTO: BTC) whale just transferred $59,733,263 worth of Bitcoin off Coinbase, and the investor then sent these funds to Binance. You can view more details about the transaction here. Why it matters: Bitcoin "Whales" (investors who own $10 million or more in BTC) typically send cryptocurrency between exchanges when looking for liquidity. If a whale were to sell all of their Bitcoin on one exchange, there would be a high price impact. That is, the investor would push down the price of Bitcoin on that exchange significantly. Instead, the whale can distribute the funds across exchanges to be able to have sufficient liquidity. Of course, we don't know for sure whether this Bitcoin wallet is transferring the funds to sell, as this is just speculation. Another reason investors transfer Bitcoin across exchanges is for security preferences. The best way to secure Bitcoin is through holding it on a hardware wallet, which can't be done through holding digital assets on an exchange. However, certain exchanges, like Coinbase, hold investors' funds in hardware wallets for them, adding an extra level of security for your digital assets. Price Action: Bitcoin is down -1% in the past 24 hours. See Also: How To Buy Bitcoin Public Blockchain data sourced from Whale Alerts Twitter. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Scaling Bitcoin: Liquid
Quick Take Liquid Network is a Bitcoin sidechain that was launched in 2018 Since then, it has seen modest but steady growth in Total Value Locked (TVL) Liquid Network offers faster and cheaper transactions, with privacy features for users However, for all the benefits that Liquid Network provides, it sacrifices a great deal of decentralization and censorship-resistance
Crypto Flipsider News – Ankr Gains 50%; BlackRock Bitcoin Trust; Huobi Sells Stake; Ethereum Classic Rally; Zipmex Restores Withdrawal
Click here to read our crypto digest. Continue reading Crypto Flipsider News – Ankr Gains 50%; BlackRock Bitcoin Trust; Huobi Sells Stake; Ethereum Classic Rally; Zipmex Restores Withdrawal at DailyCoin.com.
World’s Largest Asset Manager BlackRock Has Launched a Spot Bitcoin Private Trust
BlackRock has taken another major step into digital assets, launching a spot Bitcoin private trust. Continue reading World’s Largest Asset Manager BlackRock Has Launched a Spot Bitcoin Private Trust at DailyCoin.com.
Bitcoin Drops Below $24,000 But Ethereum Edges Higher; Here Are The Top Crypto Movers For Friday
Bitcoin (CRYPTO: BTC), the world’s oldest cryptocurrency, moved lower, falling below the $24,000 mark on Friday. The second-most valued cryptocurrency, Ethereum (CRYPTO: ETH), meanwhile, rose slightly as Ethereum developer Angsar Dietrichs said that the ETH developers had decided to bring forward the scheduled date of the merge from Sept. 19 to Sept. 15. Other popular crypto coins, including Dogecoin (CRYPTO: DOGE), Solana (CRYPTO: SOL), and Ripple (CRYPTO: XRP) remained in red today. Ankr (CRYPTO: ANKR) was the top gainer over the prior 24 hours, while THORChain (CRYPTO: RUNE) turned out to be the biggest loser. ANKR jumped around 40% after leading crypto exchange Binance announced a strategic investment in the blockchain platform. At the time of writing, the global crypto market cap fell to $1.14 trillion, recording a 24-hour decline of 1.5%. BTC was trading lower by around 2.4% to $23,960, while ETH edged higher by around 0.2% to $1,890.50 on Friday. Investors are now awaiting earnings results from Broadridge Financial Solutions, Inc. (NYSE: BR) and Spectrum Brands Holdings, Inc. (NYSE: SPB), scheduled for release today. Here are the top ten crypto gainers and losers over the past 24 hours: Gainers Ankr (CRYPTO: ANKR) Price: $0.04913 24-hour gain: 40.3% Theta Fuel (CRYPTO: TFUEL) Price: $0.08136 24-hour gain: 20.2% Huobi Token (CRYPTO: HT) Price: $5.28 24-hour gain:18.9% Ethereum Classic (CRYPTO: ETC) Price: $41.63 24-hour gain: 7.6% Bitcoin Gold (CRYPTO: BTG) Price: $31.61 24-hour gain: 7.5% Losers THORChain (CRYPTO: RUNE) Price: $2.87 24-hour drop: 7.1% Lido DAO (CRYPTO: LDO) Price: $2.57 24-hour drop: 6.8% Convex Finance (CRYPTO: CVX) Price: $7.25 24-hour drop: 6.4% Arweave (CRYPTO: AR) Price: $14.59 24-hour drop: 5.8% Elrond (CRYPTO: EGLD) Price: $65.11 24-hour drop: 5.6% © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•