Several Bitcoin mining firms reported lowered BTC production in June, mainly due to power curtailment in Texas. Riot Platforms produced 450 Bitcoin (BTC) in the month, a 12% decline from May, when the firm mined 514 BTC, it stated in an announcement on Thursday. Riot CEO Jason Les said the firm’s power strategy includes “economic…
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The governor of Arizona has rejected a bill that would have seen the US state hold on to seized crypto assets in a fund. Arizona Governor Katie Hobbs vetoed House Bill 2324 on Tuesday, stating in a letter that it “disincentivizes local enforcement from working with the state on digital asset forfeiture by removing seized…
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New York Attorney General Letitia James has urged Congress to strengthen pending stablecoin and crypto legislation, saying the current versions of the bills don’t protect investors. James said in a letter addressed to Congress on Tuesday that the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National…
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Bitcoin could be set for a 9% rally in July as it ended the month of June on a high with its highest monthly candle at just over $107,000, according to 10X Research. Bitcoin’s previous highest month was May, with a monthly candle closure around $104,600, followed by January, when it closed the month at…
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Analysts covering the crypto exchange-traded fund (ETF) space have tipped a 95% chance for Solana, Litecoin, and XRP ETFs to be approved by the US Securities and Exchange Commission this year. Bloomberg’s ETF specialists Eric Balchunas and James Seyffart increased their odds for several altcoin spot exchange-traded funds in an X post on Monday. “We…
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Japanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin after buying another 1,005 BTC for $108 million. The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion. Bitcoin mining company…
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Long-term holder selling pressure has stunted the growth of Bitcoin’s price, despite recent moves from institutions and corporations to buy the asset, according to an analyst. “People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO,” said Capriole Investments founder Charles Edwards on Sunday. He added that this is…
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US stock futures are at record highs as the country’s largest markets are nearing their peaks, which could help propel Bitcoin to reach another all-time high, according to analysts. S&P 500 futures entered new all-time high territory on Thursday with the index tapping 6,145 points, surpassing February’s peak. The tech-heavy Nasdaq Composite futures also hit…
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Crypto software firm Bakkt Holdings Inc. is looking to raise up to $1 billion through various types of securities offerings, which could be used to fund Bitcoin purchases. The company, a subsidiary of The Intercontinental Exchange, which owns the New York Stock Exchange, filed a Form S-3 with the US Securities and Exchange Commission on…
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Seattle-based crypto ATM operator Coinme has agreed to pay a $300,000 penalty for violating daily transaction limits for crypto ATMs in California. California caps crypto ATM transactions at $1,000 per customer per day under a law brought in last year. The company also failed to include required disclosures on customer receipts at its kiosks located…
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