bitcoin
* Riot Platforms, the largest shareholder of Bitfarms, has issued an open letter to Bitfarms' shareholders, calling for additional changes to the company's board of directors. * Riot holds a 19.9% stake in Bitfarms and proposes the election of two independent directors, Amy Freedman and John Delaney. * Riot
bitcoin
* Craig Raw emphasizes the importance of privacy and self-sovereignty in Bitcoin. * He advises against address reuse and using rounded amounts in transactions. * Sparrow Wallet offers privacy-enhancing features like fake two-person coinjoin transactions. * Raw warns against relying on hardware wallet interfaces for UTXO management. * He believes pain and loss will ultimately
bitcoin
* Bitcoin fell 4.5% to trade below $57,000 due to a selloff in U.S. stocks and weak Asian markets. * The fall was attributed to weak August ISM data and a knee-jerk reaction to the weak Asian stock market. * Analysts predict a potential 15-20% decline in Bitcoin following a
bitcoin
* 21.co, the parent company of 21Shares, is launching its own wrapped Bitcoin token called 21BTC on the Ethereum blockchain. * Wrapped Bitcoin allows traders to use their Bitcoin holdings in the Ethereum DeFi ecosystem. * The launch of 21BTC aims to enable DeFi's broader adoption and bring institutional-grade custodians
bitcoin
* BTC falls to lowest level since August 8, erasing gains from past month. * CoinDesk 20 index drops nearly 6%, with solana's SOL and ether (ETH) leading losses. * U.S. and Asian equity markets see major stocks tumble nearly 10%. * Nasdaq 100 and S&P 500 fall as
bitcoin
- Investors pulled $319 million out of Bitcoin ETFs as bets on price drop increased. - Short Bitcoin investment products received $4.4 million, highest since March. - BlackRock's iShares ETF saw inflows of over $219 million, bucking the trend. - Strong US economic data reduced likelihood of
bitcoin
* The bearish environment in early August may have set a tactical bottom for Bitcoin. * Looser monetary policy in the US could create a more favorable environment for Bitcoin. * Fed Chair Jerome Powell's comments indicate a reversal in monetary policy is likely imminent. * Bitcoin's price dropped nearly
bitcoin
* Bitcoin is currently valued at $63,500, deemed fair market price according to Bitcoin Cycle Master chart and Bitcoin Magazine Pro data. * Bitcoin Cycle Master chart analyzes on-chain metrics to assess Bitcoin's position within economic cycles. * Bitcoin is currently at a fair market value, suggesting a balanced state
bitcoin
* Bitcoin traders show mixed reaction in derivatives market after Jackson Hole symposium. * Increased buying of call spreads indicates optimism for future price increases. * Significant selling of Bitcoin call options with $100,000 strike price suggests caution for immediate price surge. * Volatility indicators show shift toward put options, reflecting concerns about
bitcoin
* Hong Kong's spot Bitcoin ETFs saw $15 million in inflows, the highest in a month. * The ChinaAMC Bitcoin ETF had its biggest single day of inflows since July 12th. * Bosera Hashkey and Harvest Bitcoin ETFs saw no flows on August 22nd. * Hong Kong approved its first three spot
acquisition
* Bitfarms has acquired Stronghold Digital Mining in a $175 million deal to resist a hostile takeover by Riot. * The acquisition will boost Bitfarms' valuation and operations, making it a more challenging acquisition target for Riot. * Bitfarms will add 307 MW of power capacity to its mining operations, strengthening its
bitcoin
* Bitcoin's price rises following the release of the US Federal Reserve's minutes suggesting an interest rate cut in September. * Ethereum also sees a slight increase in price. * Most officials at the meeting agreed to cut interest rates depending on economic data. - Jerome Powell is expected