Category Archives: Bitcoin News

Bitcoin miners can prove green potential by undergoing ESG ratings check

Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in May saying that his company would no longer accept Bitcoin payments due to… Read More »

‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days

Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by Santiment as “millionaire tier” addresses — are now the largest segment of… Read More »

Hong Kong brokerage Futu halts crypto futures over regulatory issues

A major Hong Kong-based online brokerage firm has reportedly suspended cryptocurrency futures trading due to regulatory concerns. Futu Securities, one of the biggest trading brokerages in Asia, has halted support of crypto futures contracts and trading services in response to regulatory requirements, Chinese financial publication Sina Finance reports Thursday. The platform’s customer service reportedly stated… Read More »

Over 2 million adults in UK now hold crypto, FCA survey finds

A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country. On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold crypto assets, up from 1.9 million last year. Alongside the increasing number of crypto… Read More »

Bitcoin Uptick Leads to Growth in Daily Transactions

With Bitcoin prices skyrocketing, the crypto market is seeing an uptick in the finance sector bigger than ever before. Despite that, the reoccurring argument remains: “nobody uses the top cryptocurrency for actual transactions.” Although this claim has existed for a long time, there has been a shift in daily transaction volume, and it is nearing… Read More »