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💰 Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month. Source t.me/Binance_Coinbase_Bybit

💰 Judge grants SEC’s deadline extension on Ripple case Judge Analisa Torres has approved a request from the Securities and Exchange Commission (SEC) to extend the deadline for filing a submission that could lead Ripple Labs’ case to an end. Court documents filed on March 1 granted the SEC an extension to file its remedies-related discovery materials submitted by Ripple. The extension allows the regulator to file its opening brief until March 22. The deadline for Ripple's opposition brief has also been extended to April 22, and the new deadline for the SEC to file a reply would be May 6, 2024. Source t.me/Binance_Coinbase_Bybit

💰 Craig Wright claims coincidence in timing of spoofed emails as DNS records altered yesterday The highly contentious COPA vs. Wright trial took a dramatic turn today as Craig Wright faced accusations of manipulating key evidence to support his claim of being Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Reporting via the court live stream, CryptoSlate tuned in to hear Wright’s testimony in what is likely to be his final appearance. The day’s proceedings focused on emails allegedly sent between Wright and his former legal firm, Ontier LLP. These emails are pivotal in proving or debunking Wright’s longstanding assertion of Satoshi Nakamoto’s identity. Source t.me/Binance_Coinbase_Bybit

🏦 Coinbase stock hits multi-month highs despite platform glitch as trading volume surges Coinbase’s stock hit multi-month highs yesterday despite heavy web traffic causing a glitch on the crypto exchange as trading volume surged. Coinbase shares gained just 1% on Wednesday, but that was enough to close above the $200 mark for the first time since January 2022, according to TradingView. COIN traded for $200.80 by market close on Wednesday, up 58% over the past month. Source t.me/Binance_Coinbase_Bybit

🏦 Coinbase Adds 2 Software Programs for Ethereum Staking, to Reduce Concentration Risks Coinbase, the publicly traded U.S. crypto exchange, said it's moving to help reduce risks on the Ethereum blockchain by adding support for two additional computer programs known as "clients" that users rely on to access and run the distributed network. Ethereum is heavily reliant on users running the Geth execution client, currently representing about 74% of all clients. Source t.me/Binance_Coinbase_Bybit

BREAKING:🏦 Coinbase, $COIN, crashes with many users showing $0 balance as Bitcoin hits $64,000. t.me/Binance_Coinbase_Bybit

💰 Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving Euphoric sentiment, institutional buying demand, and historical gains linked to bitcoin’s (BTC) halving event are putting the asset on track to cross its lifetime highs of $69,000 in March, some traders say. Bitcoin halving has always been associated with bull rallies, with the asset’s prices increasing by several hundred percent in the months following previous events. Halvings happen about every four years and decrease the block rewards to miners. Source t.me/Binance_Coinbase_Bybit

💰 Skybridge Capital's Anthony Scaramucci on Warren Buffett Buying Bitcoin: 'Never Say Never' Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has commented on the potential for Berkshire Hathaway, the holding conglomerate founded by Warren Buffett, to buy bitcoin. While acknowledging Buffett’s negative stance on crypto, Scaramucci believes it’s still a possibility. ‘Never say never,’ stated Scaramucci. Source t.me/Binance_Coinbase_Bybit

⬜️ OKX opens crypto exchange in Turkey, expanding its international footprint OKX officially launched a crypto exchange in Turkey on Tuesday as part of its international expansion plans. OKX TR offers Turkish Lira direct deposits and withdrawals as well as bilingual support in both Turkish and English, according to a statement shared with The Block. OKK’s web3 non-custodial wallet is also now available to Turkish customers via its global platform. Source t.me/Binance_Coinbase_Bybit

💰 GBTC records smallest outflow of $44 million since spot ETF conversion Bitcoin ETFs in the US have been an incredible success since their introduction on Jan. 11, as reported by CryptoSlate. In a notable development reported by BitMEX, the sector witnessed a strong inflow of $232 million on Feb. 23. Meanwhile, the Grayscale Bitcoin Trust (GBTC) outflows presented a different narrative. The fund recorded its smallest outflow since the commencement of trading at $44 million, hinting at a potential slowdown in outflows. The day before, GBTC saw an outflow of $56 million, which brings the total outflows to $7.4 billion. Source t.me/Binance_Coinbase_Bybit

💰 Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event in April 2024. The company emphasizes the halving event’s potential to reduce mining rewards as a central concern for its future profitability. Source t.me/Binance_Coinbase_Bybit

💰 Grayscale continues Bitcoin sell-off on Coinbase with $175m transfer Crypto asset manager Grayscale has made a strategic move by transferring 3,443.1 Bitcoin, amounting to over $175 million, to an address associated with the Coinbase exchange. The transfer has sparked significant interest within the financial and cryptocurrency communities, as Grayscale has been known to influence market dynamics significantly. Source t.me/Binance_Coinbase_Bybit

🇺🇸 Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data gathered to date. Source t.me/Binance_Coinbase_Bybit

💰 Interest in Bitcoin Surges in 🇦🇺 Australia Following Spot BTC ETF Approval in the US: Study Following the Securities and Exchange Commission’s (SEC) approval of the first eleven spot Bitcoin Exchange Traded Funds (ETFs) in the United States last month, Australian retail interest in Bitcoin has experienced a surge. The development has grabbed Australian investors’ attention, with 34% acknowledging awareness of the news. This has increased confidence in Bitcoin, with 25% of locals holding a more positive view following the ETF approval. Source t.me/Binance_Coinbase_Bybit

🟠 Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors A federal judge has signed off on crypto exchange Binance's $4.3 billion plea deal with the U.S. Department of Justice. During a sentencing hearing Friday, Judge Richard Jones of the U.S. District Court for the Western District of Washington approved the top-line fine itself, though he did not yet sign off on any monitor for the exchange. Bloomberg first reported the news earlier Friday. Source t.me/Binance_Coinbase_Bybit

💰 Texas Blockchain Council including Riot file lawsuit against US Energy Department over Bitcoin miner survey Riot Platforms and the non-profit association, the Texas Blockchain Council (TBC), have initiated legal action against the US Energy Department and associated entities, such as the Energy Information Administration (EIA) and the Office of Management and Budget (OMB), concerning their recent move to survey Bitcoin miners. The EIA justified this survey, sanctioned by the OMB, as an emergency data collection measure, claiming that US miners accounted for approximately 2.3% of the nation’s total electricity demand in 2023. Source t.me/Binance_Coinbase_Bybit

🥇 Bitcoin Miner Marathon to Start 'Slipstream' to Make Complex BTC Transactions Faster Bitcoin miner Marathon Digital (MARA) to roll out Slipstream - a new offering that will help expedite the processing of complex transactions. If a complex transaction meets Marathon's minimum fee threshold and conforms to the network's consensus rules, the miner will add the transaction to the members pool or mempool for mining, the miner said. Mempools are essentially waiting rooms for Bitcoin transactions. Source t.me/Binance_Coinbase_Bybit

🇿🇦 South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases South Africa's Intergovernmental Fintech Working Group will conduct analytical work on use cases for stablecoins and consider an appropriate policy and regulatory response during the course of this year. The group is also considering the impact of tokenization on domestic markets. Tokenization is the representation of real-world assets (RWA) like securities on a blockchain. Source t.me/Binance_Coinbase_Bybit

🪙 Coinbase urges SEC to approve listing of Grayscale's proposed spot ether ETF Coinbase has urged the Securities and Exchange Commission's to list the Grayscale Ethereum trust for trading, according to the company's chief legal officer Paul Grewal. Taking to the social media platform X, Grewal announced Coinbase had responded to the SEC's request for comment. He said Coinbase had provided the "legal, technical, and economic rationale" needed for approval. Source t.me/Binance_Coinbase_Bybit

💰 Ripple would “welcome” an XRP ETF, CEO says Ripple CEO Brad Garlinghouse commented on prospects for an XRP exchange-traded fund (ETF) in an interview with Bloomberg on Feb. 20. However, he did not describe any definite plans toward that end. When asked whether Ripple is currently in talks with asset managers such as BlackRock to issue an ETF. In November 2023, a leaked filing suggested that BlackRock was pursuing an XRP ETF. However, the asset manager quickly confirmed that the filing was fake. Source t.me/Binance_Coinbase_Bybit

Whales have sold over 30,000 BTC in the last 48 hours, amounting to $1.56 billion. @cryptomagazine

🦊 MetaMask integrates Blockaid security alerts for wallet users across multiple chains Crypto wallet app MetaMask has enabled, by-default, integration of security alerts — powered by security firm Blockaid — for its extension and mobile app users across multiple chains. These security alerts were integrated by default on Ethereum (via extension) in January 2024 and are now available for mobile and extension on the following networks: Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche. Source t.me/Binance_Coinbase_Bybit

🏦 Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon. Source t.me/Binance_Coinbase_Bybit

🟠 Binance to shut down multiple leveraged token services Binance urged users to convert and redeem their tokens into other assets before the deadline. Crypto exchange Binance has said it will cease support for some of its leveraged tokens linked to Bitcoin, Ether and BNB on April 3. Binance announced the decision to end support for leveraged tokens paired with Tether on Feb. 19. The leveraged tokens affected include BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN. Source t.me/Binance_Coinbase_Bybit

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🇳🇬 Nigeria Can Benefit from $1.2 Trillion Crypto Market Experts at the 3.0 Verse Summit 2024-Africa edition in Lagos have highlighted Nigeria’s immense potential to benefit from the booming $1.2 trillion global cryptocurrency market. Obinna Iwuno, President of the Stakeholders in Blockchain Association of Nigeria (SiBAN), emphasized the transformative impact blockchain technology could have, particularly in facilitating cross-border transactions and attracting foreign direct investment. Source t.me/Binance_Coinbase_Bybit

📣 Genesis GBTC sell-off will balance out in crypto market — Coinbase Coinbase forecasts that funds from Genesis’ GBTC sell-off would “remain within the crypto ecosystem” despite fears of potentially impacting Bitcoin’s price. Cryptocurrency exchange Coinbase believes that the approval for bankrupt crypto lending firm Genesis to sell its Grayscale Bitcoin Trust (GBTC) shares won’t disrupt the crypto market. It argued that most of the funds will flow back into the crypto ecosystem, resulting in a neutral impact on the market. Source t.me/Binance_Coinbase_Bybit

💰 FTX creditors sue bankruptcy law firm S&C alleging fraud involvement FTX creditors are seeking damages against the law firm Sullivan & Cromwell for its prior involvement with the crypto exchange. FTX bankruptcy case has unfolded to a new chapter as the exchange’s creditors have filed a class-action lawsuit against the law firm overseeing the case. In a court filing on Feb. 16, FTX creditors alleged that law firm Sullivan & Cromwell, also known as S&C, “actively” participated in the “FTX Group’s multibillion dollar fraud,” Source t.me/Binance_Coinbase_Bybit

🥇 Bitcoin mining difficulty surpasses 80 trillion ahead of halving Bitcoin mining difficulty, which measures how difficult it is to solve the complex cryptographic puzzles used in the mining process, passed 80 trillion on Friday, Feb. 16. The network’s hash rate, which measures the total computational power used by miners, reached 562.81 exahashes per second (EH/s), and the mining difficulty hit a record 81.73 trillion, according to BTC.com. Bitcoin mining difficulty has steadily risen since January 2023 and is expected to reach 100 trillion in the next few months. Source t.me/Binance_Coinbase_Bybit

💰 Surge in stablecoin supply ratio signals increased Bitcoin buying power The Stablecoin Supply Ratio (SSR), a key metric that quantifies the supply forces between Bitcoin and various stablecoins, has been signaling increased “buying power” for Bitcoin in the past ten days. Glassnode defines the SSR as the ratio of Bitcoin’s market cap to that of stablecoins denoted in Bitcoin, which serves as a proxy for the demand-supply mechanics of BTC versus USD. When the SSR dips, it implies a heightened buying power for the current stablecoin supply to purchase Bitcoin. Source t.me/Binance_Coinbase_Bybit

📣 Attacks on Bitcoin and Ethereum now 'economically unfeasible': research The current security models for Bitcoin and Ethereum make 51% and 34% attacks, respectively, “economically unfeasible,” according to a new research paper published on Feb. 15. A 51% attack is an attempt by an entity to gain control of more than half of a blockchain’s mining hash rate, theoretically allowing it to alter the distributed public ledger maliciously. Source t.me/Binance_Coinbase_Bybit

📣 Crypto money laundering drops nearly 30% in 2023 as cyber criminals change tactics 📉 Crypto money laundering experienced a significant decline of 29.5% in 2023 compared to the previous year, primarily due to a decrease in overall crypto transaction volume. According to a Chainalysis report, illicit addresses moved approximately $22.2 billion in digital assets to various crypto services in 2023, marking a notable drop from the $31.5 billion transferred in 2022. This decline aligns with a 14.9% decrease in legitimate and illegal crypto transaction volumes. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin ETFs attract $4.1 billion amid $3 billion gold outflows A data analysis snapshot from Bitcoin Munger presents an interesting nuance in the financial landscape. Historically considered a safe haven asset, Gold has experienced significant outflows from its ETFs. Bloomberg’s chart shows a downward trend, with roughly $3 billion outflows from various gold ETFs YTD and approximately $9 billion over the past year. Specifically, SPDR Gold shares and iShares Gold Trust witnessed about $2.5 billion and $500 million outflows YTD, respectively, with gold prices dropping 3% YTD. Source t.me/Binance_Coinbase_Bybit

💰 BlackRock’s spot BTC ETF tops $720M in daily volume, marking highest level to date BlackRock’s spot Bitcoin ETF — the iShares Bitcoin Trust (IBIT) — surpassed a record high of $720 million in daily volume on Feb. 14 to take the number one spot in terms of volume, according to data from Coinglass. Commenting on IBIT’s more than $700 million in volume on Feb. 14, Bloomberg ETF analyst Eric Balchunas described the trend as a “more unusual second wind strength” for the fund. Source t.me/Binance_Coinbase_Bybit

💰 Skybridge Founder Says It's Not Too Late to Buy Bitcoin — Foresees 'Face-Ripping Rally Incoming' Skybridge Capital founder Anthony Scaramucci has explained that it is not too late to buy bitcoin. With bitcoin’s price surging past $50,000, he anticipates that many are wondering if they’ve missed the opportunity to buy the crypto. Scaramucci stressed that his answer is a hard “no.”. Scaramucci stated in January, that he expected BTC to soar above $170,000 next year if the price of the cryptocurrency stays at current levels until the halving in April. Source t.me/Binance_Coinbase_Bybit

🪙 Spot ETH ETFs have 50% chance of May approval: Bitwise, Grayscale, Galaxy execs Executives at three asset management firms agreed during a Feb. 13 panel discussion that pending spot Ethereum ETFs have a 50% chance of approval this May. Dave LaValle, Global Head of ETFs at Grayscale, also placed approval odds at 50% by May. On whether Grayscale would sue the U.S. Securities and Exchange Commission (SEC) in the event of a rejection, LaValle said: “We’ll have to wait and see how it plays out. We have to look at the facts.” Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin Mining Stocks Surge — Double-Digit Gains Highlight Rapid Growth in Digital Currency Sector Publicly-listed firms linked to the digital currency sector have seen notable increases in the past week. Coinbase Global (Nasdaq: COIN) climbed 3.75% in the last 24 hours, and Michael Saylor’s Microstrategy (Nasdaq: MSTR) soared by 11% in Monday’s market activity. Over the preceding five days, COIN advanced more than 24%, while MSTR experienced an increase of 45.45%. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin Commands 98% of Digital Asset Investment Products’ $1.1 Billion Inflows CoinShares revealed that the momentum of investments into new issuers shows no signs of slowing, with inflows totaling $1.1 billion. According to Coinshares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated with nearly 98% of the inflows over the past week, raking in $1.09 billion. CoinShares’ report revealed that Ethereum and Cardano also benefited in terms of weekly inflows, attracting $16 million and $6 million, respectively. Source t.me/Binance_Coinbase_Bybit

💰 Short-term Bitcoin holders send over $4B in profit to exchanges Recent data analysis has uncovered fascinating patterns in the behavior of short-term Bitcoin holders—investors who have held their Bitcoin for less than 155 days. This cohort, known for its propensity towards speculation, has been shown to influence Bitcoin’s market conditions significantly. The launch of the Bitcoin ETF on Jan. 11 marked a period of significant activity from these investors. Source t.me/Binance_Coinbase_Bybit

🪙 Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559 Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated. Source t.me/Binance_Coinbase_Bybit