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Bitcoin

Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city

Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city

1 month ago by Crypto InsightsCrypto

Crypto mining was banned in Moscow, the surrounding Moscow Region and parts of Kursk, with the restrictions set to run through Dec. 31, 2032. The measure, established under government decree No. 936, also prohibits participation in crypto mining pools. The decree was signed on July… Read More

Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options

Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options

1 month ago by Crypto InsightsCrypto

Banking giant UBS, with over $7 trillion in assets under management, has reported a more than 24-fold quarterly increase in call option exposure tied to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter. That increase, which gives it the right to acquire IBIT shares… Read More

Live updates: Bitcoin slips below $63,000 as oil, yields climb

Live updates: Bitcoin slips below $63,000 as oil, yields climb

1 month ago by Crypto InsightsCrypto

WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.

Bitcoin at $63,600 as Japan’s Metaplanet moves 3,881 BTC between wallets

Bitcoin at $63,600 as Japan’s Metaplanet moves 3,881 BTC between wallets

1 month ago by Crypto InsightsCrypto

Metaplanet shifted 3,881 BTC, worth about $247 million, across several transactions over three hours on Wednesday, per Arkham data. The move went from the company’s cold wallets to new addresses it also controls, not to an exchange. Transfers to fresh self-custody wallets don’t add to… Read More

Bitcoin split after BIP-110 fails, the new chain stopped after two blocks

Bitcoin split after BIP-110 fails, the new chain stopped after two blocks

1 month ago by Crypto InsightsCrypto

Opponents argue that anyone paying the transaction fee has bought the right to use the space however they like, and that miners and node operators should not be deciding which transactions count as legitimate. Bitcoin mining firm AntPool mined the first non-signaling block, which the… Read More

Bitcoin hits block 961,632 as the controversial BIP-110 soft fork attempt begins

Bitcoin hits block 961,632 as the controversial BIP-110 soft fork attempt begins

1 month ago by Crypto InsightsCrypto

Bitcoin has reached block 961,632, triggering the long-awaited mandatory signaling period for BIP-110, a controversial proposal designed to temporarily curb non-financial data from being embedded on the network. The proposal entered the signaling phase at around 19:35 UTC on Saturday, with support from miners seldom… Read More

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