Bitcoin

Jan 31 (Reuters) – Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares. Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million of that. Crypto funds’ total assets under management have risen to $28… Source link

Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.  Speaking via video call, Gouspillou said with a smile: “Bitcoin mining saved the park from bankruptcy.” Virunga is Africa’s oldest protected park and a symbol of the… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

“Their intention is to protect, to shield, the traditional financial system from the toxicity of the crypto economy,” Meisser said. “But maybe, it also helps protect cryptocurrencies from the traditional financial systems with all its faults and mistakes.” Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

The crypto industry may be facing a major setback as the Federal Reserve (FED) appears to be losing control of the markets. This new status quo could lead to even more hawkish measures impacting the traditional and cryptocurrency markets.  A report released on January 29 by Michael J. Kramer – founder of Mott Capital, suggests that the FED needs to “push back against the market before it’s too late.” Since the December Federal Open Market Committee (FOMC) meeting, financial… Source link

Last month, statistics showed that the Crypto Fear and Greed Index (CFGI) had a score of 25, indicating “extreme fear.” Thirty days later, with a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting “greed.” Crypto Fear Index Jumps to ‘Greed,’ Etoro Market Analyst Attributes Bitcoin’s Rise to Shift in Investor Expectations Records show bitcoin (BTC) saw significant value growth in the first month of 2023, with… Source link

“During the trial, some charges can drop but also, other charges can be added,” Loredan explained. “For example, if after the prosecutor goes through his phone and there’s further evidence, he might be subject to charges of money laundering or whatever else.” Source link

Lawyers for Sam Bankman-Fried have argued he should be allowed access to assets and crypto held by his former company FTX, saying there’s no evidence he’s responsible for previous alleged unauthorized transactions. Bankman-Fried, who resigned as FTX’s CEO in November when the crypto exchange filed for bankruptcy, is free from jail on bail as he faces multiple federal criminal charges, including conspiracy to commit wire fraud and money laundering. He has pleaded not guilty to all charges. As… Source link

It’s just gotten even harder to mine Bitcoin. Bitcoin’s mining difficulty has hit a new all-time high, rising roughly 4.68% from 37.59 trillion on Sunday to 39.35 trillion at the time of writing. Mining difficulty is the figure representing the computational power required to mine a single BTC. It’s updated roughly every two weeks, getting more difficult as more miners enter the network and easier when they leave. Bitcoin mining difficulty over the past month. Source: CoinWarz. Mining… Source link