CRYPTO

Bitcoin prices plunged overnight after now-defunct Bitcoin exchange Mt. Gox said it would begin distributing assets stolen from clients in a 2014 hack starting in July, after years of postponed deadlines.

The statement sent BTC down to a $60,000 handle as market participants fear the release – after ten years – of the proceeds will lead to an imminent sell-off in BTC and BCH…

Source: Bloomberg

…its lowest in six weeks…

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Authored by Nik Hoffman via Bitcoin Magazine,

Today, Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leader in Bitcoin mining, has launched an innovative pilot project to recycle heat generated from Bitcoin mining to warm a community in Finland.

The 2-megawatt data center, energized at the end of May, is located in the Satakunta region, home to 11,000 residents.

The initiative marks Marathon's first district heating project and its debut in Europe. District heating involves (more…)

Authored by Fernando Nikolic via BitcoinMagazine.com,

The media is buzzing about Trump's recent endorsement of Bitcoin.

Looking at Bitcoin Perception data (chart below), coverage of Bitcoin together with Trump has increased month-over-month since the start of the year, but last week saw quite a stir, since the endorsement seems to be amplifying an already existing anti-Bitcoin bias among some outlets.

Image credit: Mainstream media coverage of Trump + Bitcoin has increased since the start of 2024. (Bitcoin Perception)

Forbes, Fox, and CNBC covered Trump's move as a positive step for U.S. energy security and economic strength. They highlight how Bitcoin mining could boost energy dominance and act as a defense against centralized digital (more…)