Polymarket Users Bet on Bitcoin Reaching $100k By Year’s End

At the time of writing, the Polymarket prediction market shows a 62% chance for Bitcoin to reach the $100k mark as crypto rallies on Trump’s victory. As Bitcoin surpassed the $85,000 mark for the first time, the prediction market for…

byCoinpaper News

November 12, 2024

BlackRock Bought $2.4 Billion in Bitcoin, Signaling Institutional Shift

BlackRock spent approximately $2.4 billion on Bitcoin last week. The giant’s impressive crypto expenditures signalize shifting sentiment among institutional players and contribute to BTC’s mainstream adoption.Hold on tight, hodlers, the institutional adoption of Bitcoin is accelerating. BlackRock, the world’s…

byCoinpaper News

November 4, 2024

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Supreme Court Paves the Way for the Sale of $4.38 Billion Worth of Silk Road Bitcoin

The justices declined to hear the case regarding 69,370 Bitcoins linked to the dark web marketplace Silk Road, clearing the path for their liquidation by the US government.The Supreme Court announced on Monday it had denied a certiorari petition…

byCoinpaper News

October 8, 2024

Bhutan Becomes Fourth-Largest Bitcoin-Holding Country

Explore how Bhutan has emerged as the fourth-largest Bitcoin-holding country, examining the factors contributing to its rise in cryptocurrency mining, and the implications for the global Bitcoin and crypto landscape.Bhutan, a small Kingdom north of China and south of…

byCoinpaper News

September 18, 2024

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Bitcoin Miners Combat Falling Profits with Alternative Revenue Raisers

Bitcoin miners are facing declining profitability due to reduced hashprice and rising costs.Miners are central to the value proposition of Bitcoin. If miners were to stop showing up for work tomorrow, the network would effectively grind to a halt.…

byCoinpaper News

August 29, 2024