As Bitcoin recoups its 2022 losses, analysts point to macro events in the market, like D.C. regulators, stablecoin chatter, and fading worries about COVID.
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Bitcoin Miner Bitfarms Posts $142M Loss in Q2 as Rising Energy Prices Bite
Publicly traded Bitcoin mining company Bitfarms saw a $142 million net loss in the second quarter, the company reported today. During the quarter, Quebec-based Bitfarms sold 3,357 Bitcoin for $69.3 million, in part to pay […]
Finnish Customs Sells Off $47 Million in Seized Bitcoin, Will Donate Proceeds to Ukraine
Finnish customs authorities have announced that they recently sold confiscated Bitcoin worth €46.5 million ($47.35 million). According to a press release issued today, the 1,889.1 in Bitcoin was confiscated mostly in raids before 2018. The […]
Crypto VC Firm Castle Island Ventures Launches $250 Million Web3 Fund
Crypto venture capital firm Castle Island Ventures today announced a new $250 million fund. The firm said the new fund, named Castle Island Ventures III, would invest in new blockchain startups and Web3 projects. The […]