Publicly-traded bitcoin mining company Gryphon Digital Mining (“Gryphon”) is currently mining bitcoin with 100% renewable energy, according to a third-party audit the company has made public.

Gryphon is taking a bold step in #ESG leadership by publishing its #carbonemissions data publicly. Insight into our 100% renewable status is available here: $GRYP #GryphonDigital pic.twitter.com/69jT2nCjWw

— Gryphon Digital Mining (@GryphonMining) March 26, 2024

Gryphon Digital Mining uses CarbonChain, an organization that monitors corporate carbon emissions, to track its carbon footprint. CarbonChain’s recent report on Gryphon shows that the company has used 100%…

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In a significant move, BlackRock, the world’s largest asset manager, has expanded the roster of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The addition of five reputable financial institutions, including Goldman Sachs and Citigroup, signals the growing acceptance of Bitcoin within mainstream finance. These APs play a crucial role in facilitating the creation and redemption of ETF shares, thereby enhancing liquidity and accessibility for investors.

The inclusion of prominent players in the financial industry reflects the increasing demand for regulated investment vehicles providing exposure to digital assets. IBIT and Fidelity’s FBTC have demonstrated remarkable performance, outpacing thousands of other funds and attracting consistent net inflows for 49 consecutive days. With IBIT alone accounting for over half of BlackRock’s net flows year-to-date, the expansion of the Authorized Participant list is poised to further strengthen the fund’s growth and stability, highlighting the growing legitimacy of cryptocurrencies as a mainstream asset class.

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Happy Birthday, Satoshi Nakamoto! The crypto community celebrates the birthdate of Bitcoin’s mysterious creator or group of creators, who remain anonymous to this day. On April 5th, the date registered on the P2P Foundation’s forum under Nakamoto’s profile, enthusiasts around the world pay tribute to the unknown figure behind the world’s first cryptocurrency.

Satoshi’s identity has been a subject of intrigue, but their revolutionary contribution to digital currency through Bitcoin continues to impact the financial world profoundly. This day reminds us of the transformative power of innovation and the enduring legacy of Bitcoin’s inception.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Bitcoin, the flagship digital asset, has experienced notable volatility in recent days as various US leading economic indicators shape its trajectory. A breakdown of the latest developments could signify what they mean for the digital asset.

Bitcoin Tumbles: US Leading Economic Indicators

Bitcoin experienced a significant drop of $5,000 within a 24-hour period as Treasury yields surged. The drop, spanning over two days, occurred alongside rising Treasury yields and strength in the U.S. dollar. Bitcoin fell more than 4.76% on Tuesday, reaching $66,134.00, with a two-day loss totaling 7%.

This drop followed reports of growth in the manufacturing sector and reduced investor expectations for…

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Binance, one of the leading digital asset exchanges globally, recently announced its decision to discontinue support for Bitcoin NFTs (Non-Fungible Tokens) on its NFT marketplace. The move, set to take effect on April 18, marks a significant shift in the exchange’s strategy towards its NFT offerings.

The decision, as stated by Binance, is part of the exchange’s ongoing efforts to streamline its product offerings within the NFT marketplace.

The exchange stated:

“Starting from 2024-04-18 06:00 (UTC), users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network. All impacted listing orders will be automatically canceled at…

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While Jeffrey Gundlach insights wield significant influence in the fixed-income space, his skepticism towards Bitcoin might leave some wondering if he’s stuck in the past. Despite his success in fixed-income investments and his role as CEO of DoubleLine Capital LP, Gundlach’s dismissive attitude towards Bitcoin, labeling it as suitable only for “momentum investors,” seems out of touch with the rapidly evolving financial landscape. 

About Jeffrey GundlachSource

Jeffrey Gundlach, born on October 30, 1959, is a prominent figure in finance, renowned for his exceptional expertise in fixed-income investments. With a Bachelors degree in Mathematics from Dartmouth College and a Master of…

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Bhutan is set to significantly expand its Bitcoin mining efforts in collaboration with Bitdeer Technologies Group, a strategic move aimed at cushioning the impact of the anticipated crypto halving event. Druk Holding & Investments, the investment arm of Bhutan, and the Nasdaq-listed Bitdeer plan to enhance the nation’s mining capabilities by introducing advanced hardware, increasing capacity by sixfold to reach 600 megawatts by the first half of 2025. This expansion, fueled by a $500 million fund, leverages Bhutan’s rich hydroelectric power resources, promising operational efficiency despite potential post-halving price drops in Bitcoin.

The halving event, expected to slash mining rewards from 6.25 to 3.125 Bitcoins per block, poses a challenge by reducing revenue for miners. Yet, Bhutan and Bitdeer are prepared, banking on their ability to maintain low operational costs. Amidst a 140% Bitcoin rally over the past year and surging computing costs due to increased mining difficulty, Bhutan’s strategic investment in state-of-the-art mining technology not only aims to fortify its economy against fluctuations but also marks a significant step towards embracing blockchain as a cornerstone for innovation and economic diversification.

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$1M – $10M MarketCap:

1. Trava Finance (TRAVA): 58%
2. BizAuto (BIZA): 57%
3. Meme AI Coin (MEMEAI): 35%
4. ArchLoot (ALT): 8.1%
5. Prisma Governance Token (PRISMA): 7.4%

$10M – $100M MarketCap:

1. OAX (OAX): 70%
2. Dejitaru Tsuka (TSUKA): 38%
3. Akropolis (AKRO): 36%
4. Atlas Navi (NAVI): 25%
5. Wrapped Ampleforth (WAMPL): 24%

$100M – $1B MarketCap:

1. Ampleforth (AMPL): 24%
2. Pendle (PENDLE): 22%
3. Metaplex (MPLX): 20%
4. Pundi X (PUNDIX): 18%
5. World Mobile Token (WMT): 15%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Monochrome Asset Management, based in Australia, has made a pivotal move by applying to Cboe Australia for a spot bitcoin (BTC) exchange-traded fund (ETF), marking a potential first for the country. This ETF, aimed at directly holding bitcoin, distinguishes itself from the current exchange-traded products on Cboe Australia, which provide exposure to crypto assets but don’t hold bitcoin in a direct manner. Monochrome’s decision to partner with Cboe, over its larger rival ASX, is strategic, aiming to leverage Cboe’s robust reputation and wide investor base across Asia.

The application follows Monochrome’s successful navigation of regulatory approvals, with the Australian Securities Exchange (ASX) already giving the green light. With anticipation building, Monochrome’s CEO, Jeff Yew, expects a decision from Cboe Australia by mid-year, potentially setting a significant milestone for Australia’s crypto landscape in the second quarter of 2024. This move is seen as a significant step towards broadening access to bitcoin for investors and underscoring the growing acceptance of crypto assets in mainstream financial markets.

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Renowned financial educator Robert Kiyosaki reinforces his belief in Bitcoin as a hedge against inflation, following Federal Reserve Chairman Jerome Powell’s open acknowledgment of inflationary pressures outpacing expectations. Highlighting Powell’s concession that the Federal Reserve struggles to keep inflation at the targeted 2%, Kiyosaki, the author of “Rich Dad Poor Dad,” calls attention to the pivotal economic shift. Advocating for Bitcoin, gold, and silver as essential assets, he criticizes traditional saving methods and stresses the significance of owning “real money” to combat the diminishing value of fiat currencies.

Fed Chairman Powell’s recent statements at Stanford hint at the ongoing uncertainty regarding interest rate adjustments, despite expectations of rate cuts by mid-2024. This uncertainty positions Bitcoin and similar assets in a potential phase of consolidation before their next growth spurt, emphasizing the need for vigilance in asset selection during volatile economic times. Kiyosaki’s endorsement of Bitcoin amidst these developments underscores his commitment to financial education and the empowerment of individuals to secure their financial futures against inflationary threats.

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