BTC

Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July

Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility. The Alberta-based company generated 330 Bitcoin in July at an average production rate of 10.61 BTC per day, bringing its total reserves to 7,736 BTC. …

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Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, the firm announced on Friday. With the average BTC price of $22,670, the …

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Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

Former Twitter CEO Jack Dorsey’s digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin business slumped on decreased customer demand and a fall in Bitcoin (BTC) prices. The financial services firm primarily generates Bitcoin revenue by providing BTC trading services via its digital payments …

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Bitcoin price retests key $22.8K as metric points to ‘BTC buying spree’

Bitcoin (BTC) returned to base on Aug. 4 as higher levels gave way to a battle for the 200-week moving average (MA). BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Battle for classic Bitcoin price trendline rages  Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to repeatedly test the key bear market trendline as …

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Foundry Digital Donates 1 BTC To Fund Bitcoin Mining Pools – Bitcoin Magazine

Foundry Digital has donated 1 BTC to a pseudonymous open-source developer – 4ss0. The developer is working on Stratum V2, a communication protocol for miners and mining pools. Specifically, the developer will improve the decentralization of block templates and strengthen censorship resistance on the protocol. Foundry Digital, an institutional service provider for bitcoin mining, has …

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Bitcoin miners now hold a record 1.856M BTC — new data

Bitcoin (BTC) miners now own more BTC than at any time in history as the impact of the past months’ turbulence wears off. According to data from on-chain analytics firm CryptoQuant, miners’ BTC holdings increased dramatically in July. Miners keep stacking sats In the latest sign of miners recovering from recent price weakness, the amount …

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BTC wholecoiners up by 40K since June crash began

Smaller Bitcoin (BTC) investors have found a unique opportunity during the crypto slump to snap up their favorite cryptocurrency. The number of “wholecoiners” has surged by 40,000 since the June slump alone.  According to LookIntoBitcoin, the number of BTC “wholecoiners” has been steadily increasing since January 31, when the BTC price was around $38,000. However, …

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