Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri province seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity from […]
Crypto ETFs Soar: Nearly $1 Billion Poured Into Bitcoin Funds in a Single Day
On Friday, spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) posted gains, reversing losses from the previous day. Approximately $ 908.10 million was poured into these ETFs, with dominant players like IBIT, ARKB, and FBTC securing the majority of the inflows. A Billion-Dollar Day: Bitcoin and Ether ETFs Deliver a Positive Ending to …
Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russia’s Energy Resources
Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners will increasingly employ renewable energy sources. Russia’s Cryptocurrency Mining Energy Expenditure Nears 1% of the Nation’s Total The growth in Russia’s cryptocurrency mining industry energy […]
Meet Bitcoin’s Biggest Players: The Top 10 Holders Commanding Nearly 15% of the Circulating Supply
As of Dec. 7, 2024, at 3:25 p.m. EDT, bitcoin (BTC) is trading at $ 100,297 per coin, making it the seventh-largest asset globally by market capitalization, with a total valuation of $ 1.98 trillion. Before stepping into 2025, here’s an in-depth look at the top ten entities holding bitcoin and their stakes. …
Nearly 20,000 Bitcoin Shuffled by US Government Amid Talk of Strategic Reserve
On Monday, bitcoin hovered near the $ 96,000 range when the U.S. government shuffled 19,799.989 BTC at around 11:30 a.m., valued close to $ 2 billion. Following the transfer, bitcoin is teetering on the edge of dipping below $ 95,000. $ 2 Billion Bitcoin Transfer Sparks Speculation Over U.S. Crypto Agenda …