Third-Biggest Wallet For Bitcoin Has Changed Hands, But It’s Probably The Same Owner

The third-largest bitcoin wallet, known as “1P5ZED,” was the subject of considerable speculation as the price of bitcoin reached new heights in November 2021. Social media was rife with rumors regarding the wallet, and several individuals mistakenly believed

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Non-Whale Bitcoin Buyers Set New Milestone For BTC Accumulation

According to on-chain statistics, some non-whale Bitcoin investors seem to have had no issues with the cryptocurrency bear market or the uncertainty, fear, and doubt (FUD) surrounding the demise of FTX. A report published by the blockchain intelligence platform Glassnode

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Loan Request Drives Iris Energy to Reduce Bitcoin Mining Capacity

Iris Energy, an Australian cryptocurrency mining business focused on establishing BTC mining facilities in Canada that only use renewable energy, has just stopped mining in two subsidiaries. However, the company

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Bitcoins Worth $3 Billion Left Exchanges Amid Concerns About FTX Contagion

With approximately $3 billion in bitcoin removed from exchanges in the last seven days, bitcoin investors are withdrawing money at a rate not seen since April 2021. According to recent statistics from on-chain analytics company Glassnode, there were around 90,000 wallets

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US Attorney’s Office Seizes Billions of Bitcoins Associated With Silk Road

According to a report released on Monday by the Department of Justice (DOJ), the dark web marketplace Silk Road was connected to more than $3.36 billion worth of Bitcoin. Following James Zhong’s Friday guilty plea to one count of wire fraud, who was in charge of receiving the 50,676 Bitcoin in September 2012, the US Attorney’s Office made the disclosure. One Bitcoin was valued at about $10 ten years ago.

The only larger Bitcoin seizure in DOJ history, which ranks second,

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ForUsAll And Fidelity Have Started Offering Crypto For Retirement Plans

This October, Fidelity, an asset management company with a $4.5 trillion market cap, announced that some of its 401(k) retirement plans had started including Bitcoin in their investing options.

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Paraguay Issues Warning Regarding Rise of Illegal Bitcoin Mining Operations

Paraguay’s reputation as a nation with low power costs for bitcoin mining negatively impacts the electric grid, which might undermine the country’s capacity to maintain a stable power system. The National Power Administration, ANDE, reported on October 28

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Shares of Bitcoin Miner Core Scientific Plunge After Bankruptcy Warning

The biggest bitcoin miner in the world, Core Scientific (CORZ), warned that if its financial situation doesn’t improve, it could have to consider filing for bankruptcy. The warning caused its shares to drop 77%, reaching as little as 23 cents. The miner predicted

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Bitcoin’s Mining Difficulty Increases by 3.44%, Hitting a New Record High

The mining difficulty for Bitcoin (BTC) increased by 3.44% over the weekend compared to the level miners faced during the previous two weeks or the previous 2,016 blocks. Following the 3.44% shift on Sunday evening (ET), the network’s difficulty

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Bitcoin Mining Complexity Has Reached All-Time High

On October 10, Bitcoin’s mining difficulty reached an all-time high, making it harder than ever to mine the most valuable crypto asset. After the September 27 difficulty drop, the network’s mining difficulty rose by 13.55%

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