CRYPTO

Donald Trump reiterated his support for the Bitcoin mining industry on Wednesday after hosting a meeting with several executives from United States crypto mining firms.

As Bitcoin Magazine reports, among the attendees were representatives from leading Bitcoin mining firms, including CleanSpark, Riot Platforms, Marathon Digital, and other notable industry players. Key figures present included S Matthew Schultz from CleanSpark, Jason Les and Brian Morgenstern of Riot Platforms, Salman (more…)

Authored by Mark Jeftovic via BombThrower.com,

We’re a little over one month since the fourth halving, with the price more or less chopping sideways and the action and sentiment being rather subdued – despite the fact that in terms of immediate post-halving periods, we’re completely in line with prior cycles.

As Ecoinometrics observes,

When comparing prior post-halving moves to where we are now, we’re still on track for a typical year 12-24 month run up. (more…)

Authored by Jesse Coghlan via CoinTelegraph.com,

Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two months’ worth of the cryptocurrency’s mining supply in the first week of June.

With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin in the trading week between June 3 and 7 – around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital. (more…)