Argo Boosts Bitcoin Mining Efficiency by 14% in January

Argo Blockchain, listed on various stock exchanges such as London Stock Exchange, OTCQX, NASDAQ and ETR, reported that it mined 168 Bitcoin or its equivalents in January, representing a 14% rise from the previous month. The information was shared in the latest update from the London-based cryptocurrency mining firm. The rise in mined Bitcoin was mainly due to fewer reduced …

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MicroStrategy's Q4 Report Drags Bitcoin Down

MicroStrategy’s Q4 Report Drags Bitcoin Down

On Thursday, MicroStrategy, a business intelligence firm, announced its eighth straight quarter of losses but remains committed to keeping Bitcoin on its balance sheet. The value of Bitcoin dropped to $23,439 after the publication of the Q4 financial results. Despite this, shares of MicroStrategy increased by nearly 10% to $300 on Thursday, although it traded below $280 in pre-market hours. …

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Bitcoin Soars to Record Heights with its Best January in Last 10 Years

Bitcoin Soars to Record Heights with its Best January in Last 10 Years

The world’s largest cryptocurrency, bitcoin, has experienced a strong start to 2023 after a rough 2022. It has risen 40% in January, marking its best January performance in a decade since 2013.  The overall crypto market has seen an increase of $280 billion this month, with major players like bitcoin and Ethereum leading the charge with a 40% rise. In …

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Nigerian Bitcoin Premium Reaches 60% as ATM Withdrawals are Restricted

Nigerian Bitcoin Premium Reaches 60% as ATM Withdrawals are Restricted

The rise in the price of bitcoin in Nigeria clearly indicates the growing demand for digital currencies in the country. The Nigerian central bank has been pushing for a transition towards a cashless society. The restrictions on cash withdrawals from ATMs have played a major role in driving the adoption of digital currencies. Currently, 1 Bitcoin has a value of …

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Bahrain's Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments

Bahrain’s Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments

Bin Faqeeh, a real estate developer in Bahrain, is the newest business to accept Shiba Inu and Bitcoin payments. Recently, Bin Faqeeh stated that its clients could now pay for real estate properties using Shiba Inu(SHIB) and Bitcoin (BTC). Clients must use their Binance Pay app to scan a QR code issued by the real estate company to pay for …

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Russia Proposes a Ban on Cryptocurrency Mining in Residential Areas

Russia Proposes a Ban on Cryptocurrency Mining in Residential Areas

According to local media reports, the State Council’s Energy Committee advises the Russian president, who has suggested a ban on creating digital currencies in residential areas to lower the risk of fires.  Cryptocurrency mining, a popular source of additional income for many Russians, is currently unregulated in the country. However, a bill aimed at regulating the activity is currently under …

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Bitcoin Soars to Record Heights with its Best January in Last 10 Years

Bitcoin Increases to $23,000, Appearing Bullish as Miner Sales Drop to a Three-Year Low

Bitcoin, the world’s largest cryptocurrency by market capitalization, has seen a significant increase in value, reaching a new all-time high of $23,000. This bullish trend is attributed to a decrease in miner sales to a three-year low, indicating a decrease in supply and an increase in demand for digital assets. The drop in miner sales results from the difficulty of …

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