Bitcoin

Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

December 24, 2024 The Daily Hodl

Bitcoin

Russian authorities reportedly plan to prohibit cryptocurrency mining in 10 regions and impose seasonal restrictions in three others beginning January 1, 2025, amid growing concerns over energy shortages. According to a new report from the state-controlled TASS, the complete ban will affect regions including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and the recently annexed […]

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Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

December 24, 2024 Bitcoin.com

Bitcoin

Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over the past three days, the hashrate has bounced back, rising by 11 EH/s from its […]

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Bitcoin (BTC) May Be Due for Significant Correction As Technical Indicators Overextend: Benjamin Cowen

December 24, 2024 The Daily Hodl

Benjamin Cowen

A widely followed crypto analyst is warning that Bitcoin (BTC) may suddenly undergo a massive correction. In a new strategy session, Benjamin Cowen tells his 850,000 YouTube subscribers that the extension from the 20-week simple moving average (SMA) is flashing bearishness for Bitcoin. “If you look at the short-term bubble risk, which is also just […]

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Bitcoin miners struggle despite BTC’s 130% surge in 2024

December 24, 2024 The Crypto Briefing

Bitcoin

Despite Bitcoin's 130% surge to $98,600 in 2024, most mining firms struggled due to decreased block rewards and increased operational costs.

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over $574,000,000

December 24, 2024 The Daily Hodl

Bitcoin

The government of El Salvador raised its daily Bitcoin (BTC) purchase by elevenfold on two separate days in the past week. The Central American country started buying one BTC every day in November 2022, shortly after the crypto exchange FTX imploded. Last Friday, however, El Salvador purchased more than 11 BTC worth $1.07 million, and […]

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Bitcoin Supply Reaches 19.8 Million Mark, Nearing Maximum Limit

December 24, 2024 Bitcoin.com

19.8 million

Data reveals that Bitcoin’s total circulating supply has surpassed the 19.8 million mark, a notable milestone as the cryptocurrency edges closer to its maximum supply cap of 21 million. 19.8 Million Bitcoin Mined, Less Than 1.2 Million Left Bitcoin’s supply mechanism has always been one of its defining features, with its capped issuance ensuring scarcity. […]

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

December 24, 2024 Coin Telegraph

2024

Many mining stocks are on track to close the year in the red, even with Bitcoin’s gains in 2024.

Bitcoin (BTC) is posting a 113% return in 2024 as of Dec. 24, yet most miners’ stocks have struggled to capitalize on the cryptocurrency’s gains, closing the year in the red.

According to data from the Hashrate Index and Google Finance, the majority of publicly listed miners are ending 2024 on the negative side of the charts, with declines as high as 84%.

Among the 25 listed miners in the Index, only seven companies are delivering gains for investors year-to-date. At the time of this writing, Bitdeer (BTDR) is soaring 167%, Cipher (CIFR) is gaining 33%, Hut 8 (HUT) is jumping 91%, Iris Energy (IREN) is rising 72%, Northern Data (NB2) is up 58%, Core Scientific (CORZQ) is climbing 327%, and TeraWulf (WULF) is at 169%.

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

What’s next for DeFi in 2025?

December 24, 2024 Coin Telegraph

agentic ai

Industry executives say Bitcoin staking, tokenized RWAs and AI agents will reshape the cryptocurrency ecosystem.

Decentralized finance (DeFi) will hit an inflection point in 2025, as Bitcoin staking, real-world asset (RWA) tokenization, and agentic artificial intelligence (AI) catalyze adoption, several industry executives told Cointelegraph.

In 2024, Bitcoin surpassed $100,000 per coin for the first time as investors poured more than $100 billion into spot BTC exchange-traded funds (ETFs). 

“Bitcoin’s (BTC) all-time high will spark renewed interest in crypto from institutions and regulators alike and should reinvigorate the entire crypto sector in 2025,” Dean Tribble, CEO of layer-1 network Agoric Systems, told Cointelegraph. 

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Microstrategy’s Bitcoin Yield Hits 3,177 BTC Last Week—Saylor Calls It a $300M ‘Gift to Shareholders’

December 24, 2024 Bitcoin.com

Bitcoin

Microstrategy’s treasury operations secured 3,177 bitcoins last week—worth $299 million—intensifying its aggressive BTC acquisition push and reinforcing its position as the largest corporate bitcoin holder. Microstrategy’s Treasury Move Nets $299M in BTC Last Week Michael Saylor, Executive Chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), highlighted the company’s bitcoin investment performance in a post on […]

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

December 24, 2024 Coin Telegraph

Bitcoin

Bitcoin bulls everywhere may be in for a green Christmas as BTC price action sees a snap rebound.

Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as “large spot buyers” lifted  deflated BTC price action.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $98,020 on Bitstamp.

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report