💰 History of #Bitcoin lost on exchanges

➡️ @Bitcoin_Insights

💰 JP Morgan's #Crypto wallet is now officially a registered trademark in the US

➡️ @Bitcoin_Insights

🥇💰 Binance has overtaken Coinbase to become the largest BTC reserve holder.

➡️ @Bitcoin_Insights

💰 Bitcoin hashrate is still almost at all-time-high levels:

Many ways this can end up badly for the poorly isolated #BTC miners and the market.

In 2018 cycle, BTC hashrate continued to climb as price hit the $6k floor and the ultimate miner capitulation came for BTC at $3k.

➡️ @Bitcoin_Insights

💰 CoinMarketCap has launched the exchange reserve data function, which shows the reserve of Binance exceeds $78.7 billion.

🔗 Link

➡️ @Bitcoin_Insights

🥇 Bitcoin Miner Core Scientific Has Lost $1.7 Billion This Year

🔸Core Scientific anticipates that existing cash resources will be depleted by the end of 2022 or sooner and failed to repay some of its debt in October.
🔸The insolvency could have a broad impact on the mining industry given the company’s scale. 
🔸The miner contributes to nearly 10% of the computing power to secure the Bitcoin network.
🔸Company shares down almost 99% this year to around 16 cents.

🔗 Link

➡️ @Bitcoin_Insights

🥇 BTC is currently flowing out of exchanges at a rate of -172.7k BTC per month, eclipsing the previous peak set following the June 2022 sell-off.

➡️ @Bitcoin_Insights

💰 Mt. Gox Bitcoin Awakened

Seven-year-old Bitcoin has been reawakened as a crypto wallet linked to the infamous Mt. Gox hack started moving currency. Around 10,000 BTC, worth an estimated $167 million, was moved to two unidentified recipients. 65 BTC were sent to HitBTC a few hours ago, so it doesn't seem to be a government auction or anything.

🔗 Link

➡️ @Bitcoin_Insights

🇱🇧 In Lebanon, the local currency has lost more than 95% of its value, pensions are worthless, banks shutdown, and ATMs are out of cash.

👉🏻 People are surviving with Bitcoin 🥇

➡️ @Bitcoin_Insights

🇧🇷 🥇 Brazil approves cryptocurrency bill recognizing Bitcoin as a payment method

Lawmakers in Brazil have approved a cryptocurrency framework bill for the use of digital currencies in the Latin American country.

Once passed into law, Brazilians can use Bitcoin as a payment method, while digital assets will be recognized as an investment asset class.

🔗 Link

➡️ @Bitcoin_Insights

💰 #BTC

Previous Bear Market lasted: 364 Days

Current Bear Market lasts: 385 Days counting.

➡️ @Bitcoin_Insights

🟠 Binance accounted for 75% of total crypto trading volume in November - $481 billion

This is 8.5 times more than its closest competitor, Coinbase. The total trading volume of all exchanges was $642 billion📈

➡️ @Bitcoin_Insights

🔵 ELON MUSK: Government requests to take down content on Twitter should be made public.

➡️ @Bitcoin_Insights

🥇 Russia's head of Congress finance committee: Bitcoin and crypto products will "definitely" be legal next year.

➡️ @Bitcoin_Insights

🥇 Bitcoin mining difficulty drops by 7.32%

➡️ @Bitcoin_Insights

⚡️ Twitter announces they are discontinuing the Bitcoin lightning tip feature after usage fails to surpass $8500 TOTAL volume.

Twitter to replace it with “coin tips” which transacts fiat instead of BTC.

➡️ @Bitcoin_Insights