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Bitcoin News / Bitcoinist - 5 months ago

Bitcoin ETF Meltdown: Over $860 Million Outflow Stuns Market As Bulls Push Back

Bitcoin faced renewed selling pressure this week as large investment funds pulled money out at a pace not seen in months. Reports from Farside Investors showed that spot Bitcoin ETFs recorded about $866 million in withdrawals on Thursday, a sharp mo...

Bitcoin News / Bitcoin.com - 5 months ago

Bitfarms to Wind Down Bitcoin Mining Operations, Announces AI Pivot

Bitfarms’ CEO Ben Gagnon announced that the company was focused on abandoning the bitcoin mining business and converting its sites to support artificial intelligence workloads in the following two years. The company’s facility in Washington will be s...

Bitcoin News / Bitcoin.com - 5 months ago

Strategy’s Michael Saylor Denies Bitcoin Sale Rumors: ‘We’re Buying’

Michael Saylor, executive chairman and co-founder of Strategy, the largest bitcoin treasury company, denied the rumors of a possible bitcoin sale. At CNBC’s Squawk Box, Saylor stated that Strategy is still buying bitcoin, putting these reports to res...

Bitcoin News / Bitcoinist - 5 months ago

Bitcoin And Crypto Sentiment Is Now Sitting At Worst Levels Since February, Index Reads 15

Sentiment across the cryptocurrency market has sunk to its weakest point since February after a sharp sell-off pushed Bitcoin below the $100,000 psychological support level.  The downturn has fed directly into investor emotions, dragging the Fear &am...

Bitcoin News / Bitcoin.com - 5 months ago

Is a New User Activated Soft Fork Brewing? Bitcoin May Face Another UASF Push

Over the past two weeks, the Bitcoin community has encountered a fresh Bitcoin Improvement Proposal (BIP) aimed at orchestrating a soft fork designed to curb what some describe as network spam. In a coincidence reminiscent of the User Activated Soft...