Tags : million

Bitcoin

This firm turned an old power plant into Bitcoin farm—and

Over the past few years, private equity firm Atlas Holdings has created arguably the most ambitious and self-sufficient Bitcoin mining facility in the U.S. by repurposing a whole abandoned power plant into a crypto farm. According to Ars Technica’s report published earlier this week, Atlas bought the Greenidge power plant in upstate New York back […]Read More

Cryptocurrency

Traders lost $200 million trading Dogecoin and Shiba Inu (SHIB)

Dogecoin (DOGE) and Shiba Inu (SHIB) traders lost over $200 million yesterday after Ethereum’s Vitalik Buterin dumped part of his stack, data from markets taken by Bybt shows. While Dogecoin has been memed into supposed legitimacy by the likes of Elon Musk, ‘petcoin’ Shiba Inu went from near-obscurity to temporarily become the world’s twelfth-largest cryptocurrency […]Read More

Cryptocurrency

Traders lose $46.5 million on first day of SHIB futures

Shiba Inu (SHIB), the meme coin that was launched as a Dogecoin rival back in 2020, zoomed to the top-20 market cap yesterday after a TikTok- and social media-driven frenzy, data shows. Traders, however, lost millions of dollars punting on the currency’s futures. Millions gone SHIB “investors,” as recent as those in the past week, […]Read More

Cryptocurrency

Ethereum (ETH) breaks $4,000 as ‘shorts’ lose $77 million

Ethereum broke the $4,000 level this morning ahead of the upcoming Ethereum Improvement Proposal (EIP)-1559 in July, data from multiple sources shows. The world’s second-largest asset by market cap ($470 billion) and is arguably the most-used blockchain (it settles billions of dollars in transactions each day). ETH’s circulating supply is 115 million and it trades […]Read More

Bitcoin

Another U.S. public listed company just bought $7 million in

MercadoLibre (Nasdaq: MELI), Latin America’s leading e-commerce technology company, has purchased a small amount of Bitcoin, as per a filing yesterday with the US Securities and Exchange Commission (SEC). Saving grace “A South American company protecting itself in terms of currency,” noted MacroScope, a pseudonymous trader popular in crypto circles on Twitter. In an SEC […]Read More

Bitcoin

Tesla sells $272 million of Bitcoin, but Elon Musk is

American electric vehicle and clean energy company Tesla has sold nearly $275 million worth of Bitcoin months after a landmark $1.5 billion investment, it revealed in a filing yesterday. The sale meant Tesla cut its position by 10%, adding over $101 million to its revenues in total. Tesla has made more profit by selling bitcoin […]Read More

Cryptocurrency

1 million crypto traders see nearly $10 billion in liquidations

Traders saw nearly $10 billion in liquidations on Sunday morning as the crypto market saw a deep pullback, data from markets tool Bybt shows. Over 1 million individual accounts were liquidated. aftermath of today pic.twitter.com/ujSlotcglr — red (@redxbt) April 18, 2021 Wooosh ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading […]Read More

Bitcoin

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s $200 million cash injection back in early March.  In the previous funding round, Robert […]Read More