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Bitcoin News
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Daily News on Bitcoin and Lightning. #BitcoinNews

JUST IN: #Bitcoin mining Hashprice crashes to new all-time lows of $57.20/Ph/Day as the Rune fad slows down and the lower block subsidy of 3.125 #Bitcoin /block takes effect.

BREAKING: Founders of Samourai Wallet have been arrested and charged with running an unlicensed money transmitting business that executed over $2 billion in "unlawful transactions" 👀😮

NEW: The DoJ's press release regarding Samourai calls out the founders' Twitter activity for "promoting and encouraging users to launder criminal proceeds through Samourai."

The press release cites the following message regarding Russian oligarchs looking to evade sanctions 👀

GLASSNODE: "#BTC potential trajectory may offer Buy-the-dips opportunities.

#BTC ’s 50-day EMA near $62K provides potential support, targeting $72K for a rebound.

Shorter EMAs signal a tendency to buy, while longer EMAs suggest a preference for selling."

JUST IN: The “Buy Bitcoin” sign sells for 16 #BTC in auction, the highest price for any good sold on scarce.city 👀🙌

How would the currency run without a central bank, what would replace it?

Thomas Sowell: When you remove a cancer, you don’t ask what you would replace it with 👀 https://video.nostr.build/c98ed68b9bdb80d771fc89c6809b00deca483fe063fd71a958c0b238102fc435.mp4

JUST IN: Jack Dorsey's Block announces they have finished development on their 3-nanometer #Bitcoin mining chip and are in the process of developing a "full bitcoin mining system" 👀

JUST IN: Today's $38 million inflow marks the 71st consecutive day of inflows for $IBIT 👀

BlackRock's #Bitcoin ETF now has the 10th longest streak of inflows for a new fund in ETF history.

NEW: PayPal proposes rewarding ⛏️ miners using sustainable energy with "green keys" that unlock preferential transaction routing and additional #Bitcoin rewards 🤔

NEW: Finland's tax authorities find 💶 €30M in unreported profits and are now requiring residents to report income from #Bitcoin  and cryptocurrency ⛏️ mining and sales.

Investors also face a 💶 €10M tax bill for past gains.

NEW: ⛏️ Mining cost surged to 💵 $77.4k per #BTC but due to high transaction fees, block reward + fees are even higher at $244k.

This imbalance rarely happens and could lead to #BTC price soaring, miner shutdowns, or continued high transaction fees, per Capriole investments.

NEW: CNBC reports that bitcoin miners' demand for semi-stranded energy assets is driving the economic viability of renewables in Africa 👀

This demand allows power suppliers to profit from selling previously unused energy and reduces costs for energy consumers 🙌

Importantly, bitcoin’s value is derived from the immense electrical and computational resources required for its mining process. This intrinsically ties Bitcoin’s monetary supply to real-world energy expenditure.

https://bitcoinnews.com/learn/what-is-bitcoin-mining/

NEW: Dirty Coin wins Best Film at the 2nd Annual Bitcoin FilmFest 👀🙌

Since Friday's Halving, #Bitcoin now has a higher Stock-to-Flow than gold 👀🙌

We are two weeks out from Freedom Festival 2024 🙌

Join the Bitcoin News team for the East Coast's largest #Bitcoin  gathering 👀

Use code Bitcoinnews20 to receive a 20% discount on all tickets 👇

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NEW: #Bitcoin symbol projected onto 🇵🇱 Warsaw’s Palace of Culture and Science 👀🙌 https://video.nostr.build/cba48bfc1bc64736f1173dcba9801cc6416388309b2e7071d44fe0b3b83f8810.mp4

JUST IN: The halving block had 37.6 #Bitcoin worth of fees 👀😮

Now is NOT a good time to consolidate UTXO’s 😮

#Bitcoin is beautiful 🌀

Happy Halving 🙌