Australian Bitcoin mining company Iris Energy has outlined ambitious plans to ramp up its hash rate to 20 exahashes per second (EH/s) by the latter part of this year, as detailed in a Feb. 7 update. To achieve this significant milestone, Iris agreed with Bitmain to secure 10 EH/s of…
Quick Take In its Q4 earnings report, MicroStrategy disclosed its substantial Bitcoin investment in Q4 2023 of $1.25 billion, which is now worth a staggering $8 billion. The firm holds 190,000 BTC in its corporate treasury. MicroStrategy’s Q4 2023 Earnings Presentation shows that this strategic decision has paid dividends, as…
The Financial Services Commission of South Korea has announced that the implementation date of its Virtual Asset User Protection Law is July 19, 2024. Last year, the law was established to safeguard users in the digital asset market and instill a regulated environment. This legislation embodies provisions aimed at curtailing…
Ripple has requested an extension until Feb. 20 to provide the U.S. Securities and Exchange Commission (SEC) with the essential financial documents the court approved. “Ripple requests this extension because, absent a brief extension of the current deadline, Ripple would have just one week in which to produce responses to…
Quick Take Bitcoin’s hash rate has reached an unprecedented high, marking a fourteen-day moving average of 566 exahashes per second (EH/s). This surge follows Feb. 2, a 7.3% rise in difficulty adjustment, bringing it to a record-setting 75.50T. Hash Rate Adjustment Change: (Source: Glassnode) Over the past three weeks, since…
The decentralized finance (DeFi) ecosystem has hit a significant milestone as the total value of assets locked (TVL) surpassed $60 billion, marking a return to levels last seen in August 2022. According to data from DeFiLlama, the sector surged by an impressive 68% to $60.72 billion from November 2023, when…
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Quick Take Binance has overtaken CME as the leading exchange in terms of Bitcoin futures open interest once again. This change in ranking represents the total amount of funds allocated in open futures contracts, which now stands at approximately 105,000 BTC on Binance and roughly 101,000 BTC on CME. BTC…
Bitcoin options data, particularly open interest and strike prices, is crucial for understanding the market’s expectations for future price movements. Options are financial derivatives that give the buyer the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a predetermined price (strike…
Bitcoin mining firm CleanSpark said that it will acquire four new mining facilities in a press release published on Feb. 6. The company said it has entered definitive agreements to acquire three “turnkey” Bitcoin mining facilities in Mississippi. Zach Bradford, CEO of CleanSpark, said: “With the addition of Mississippi to…