First Mover Asia: Bitcoin Sticks Near $19K; the Most ‘Profitable’ Mining GPU Makes You Back Your Money in 3 Years
Ether and other major cryptos spend much of the weekend in the red to close a turbulent week. Original Source
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Sticks
Tether Sticks to Decision Not to Bar Tornado Cash Addresses
Notably, Circle – the issuer of stablecoin USDC – blacklisted Tornado Cash smart contracts within hours of Treasury’s order. “We believe that, if made without instructions from U.S. authorities, the move by USDC … was premature and might have jeopardized the work of other regulators and law enforcement agencies around
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Bitcoin Miner Core Scientific Sticks With Its Year-end Hashrate Projection
CEO Mike Levitt said in a statement that given enhanced liquidity from selling bitcoin, a new equity facility and “line of sight to improved hosting margins and manageable principal and interest payments” on their debt, the company is “well positioned” to navigate the market and emerge bigger, stronger and more
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Cipher Mining Scraps Plan to Buy Bitfury Rigs, Sticks With Bitmain, MicroBT
The bitcoin miner wants to stay nimble to potentially grab opportunities in a fast market. Source
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Hut 8 Sticks to Its ‘Hodl’ Strategy After Mining 265 Bitcoins in November
Hut 8 also said it has completed the deployment of its high-performance Nvidia chips at Hut 8′s site in Medicine Hat, Alberta, which is generating roughly 1.8–2.0 additional bitcoins per day. The miner is currently generating a total of 8.8 bitcoins per day. Source
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Market Wrap: Bitcoin Sticks Around $13K While Ether Locked in DeFi Dips
Bitcoin stays in bull mode but on lower volume while the amount of ether locked in DeFi falls.Bitcoin (BTC) trading around $13,103 as of 20:00 UTC (4 p.m. ET). Gaining 3% over the previous 24 hours.Bitcoin’s 24-hour range: $12,685-$13,232BTC above its 10-day and 50-day moving averages, a bullish signal for
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Market Wrap: Bitcoin Sticks to $10.7K; DeFi Site dForce Doubles TVL in 24 Hours
Buying volume is pushing bitcoin higher. Meanwhile, DeFi investors continue to seek places to park crypto for steady yield.Bitcoin (BTC) is trading around $10,730 as of 20:30 UTC (4:30 p.m. EDT). Gaining 0.50% over the previous 24 hours.Bitcoin’s 24-hour range: $10,550-$10,795BTC above its 10-day and 50-day moving averages, a bullish
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Market Wrap: Bitcoin Sticks to $11,000; Derivatives, DeFi Keep Growing
Bitcoin, crypto derivatives and DeFi continue to be hot in late July. Just one week ago, bitcoin’s price hit an intraday high of $9,568 in a low-volume environment. This week’s action, fueled by increased exchange volumes, has traders excited at the thought a long-term bull market may be back. As much
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Market Wrap: Bitcoin Sticks Around $9,200 as Traders Eye Other Markets for Action
Traders look towards altcoins and equities as volatility dips in a quiet July bitcoin market. Bitcoin (BTC) trading around $9,185 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours.Bitcoin’s 24-hour range: $9,153-$9,279BTC below 10-day and 50-day moving average, a bearish signal for market technicians.Bitcoin trading on
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Market Wrap: Do-Nothing Markets Stay Steady as Bitcoin Sticks to $9,200
Markets globally are mostly flat Tuesday, and bitcoin is trading sideways along with them. The price of bitcoin is stuck in the $9,200 price range as low volumes continue to plague the markets, said Katie Stockton, an analyst for Fairlead Strategies. “Bitcoin has been tethered to its 50-day moving average recently
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