Whale Buys $200M in Bitcoin
A Bitcoin whale recently added $200 million worth of Bitcoin to its holdings.
A Bitcoin whale recently added $200 million worth of Bitcoin to its holdings.
Simply put, hash rate is the speed at which a computer can perform hashing computations, which are necessary for validating transactions (also known as cryptocurrency mining).
Defunct Japanese crypto exchange Mt. Gox made headlines early Tuesday by moving substantial amounts of Bitcoin to two wallets.
Pakistan is enhancing its crypto-friendly policies by proposing the use of surplus electricity for Bitcoin and Proof-of-Work (PoW) mining.
Analysts at Bernstein have lowered their 2025 price targets for Bitcoin miners IREN, CleanSpark, and Riot Platforms, citing significant underperformance relative to Bitcoin this year.
In simple terms, Bitcoin mining is the process of creating new Bitcoins by using powerful computers to solve complex mathematical problems.
Tokyo-listed investment firm Metaplanet has increased its Bitcoin holdings by purchasing an additional 150 BTC for $12.5 million at an average price of $83,508 per Bitcoin.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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