Funding Wrap: 2024 kicks off with Solscan deal, Saylor sales

One of the crypto space’s best-known data providers expanded its scope this week with an acquisition in the Solana space. This marks one of the first notable deals of what could be a momentous year for the industry.

Etherscan’s acquisition of Solscan was characterized as a “collaborative merging” in a Jan. 3 announcement. It sounds like a bit of an acqui-hire — that is, an acquisition of both team and technology — and an early data play for 2024.

“The Solscan team has proven their expertise over the years by offering detailed insights and analytics,” Matthew Tan, CEO of Etherscan, said in a statement. “Their expertise in making blockchain data accessible and…

Read more on Blockworks

Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Solana: Market Cap of $41.2 Billion.
  2. Bitcoin: Market Cap of $859 Billion.
  3. Arbitrum: Market Cap of $2.2 Billion.

MIDCAP COINS:

  1. Bonk: Market Cap of $710 Million.
  2. Sleepless AI: Market Cap of $153 Million.
  3. Myro: Market Cap of $69.8 Million.

RISING COINS:

  1. Shido: Market Cap of $64.3 Million.
  2. Satellite Doge-1 Mission: Market Cap of $9.21 Million.
  3. Mask Network: Market Cap of $357 Million.

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.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Bitcoin Paper Wallet

Introduction

A bitcoin paper wallet represents a form of cold storage, meaning they are entirely disconnected from the internet, thereby offering a secure method to store Bitcoin information offline.

Fundamentally, a paper wallet is a physical document that contains both the public key (which you can share with others to receive bitcoin) and the private key (which you use to access and send your bitcoin). It’s a straightforward, cost-effective way to secure your bitcoin, but it’s not devoid of risks.

Context and Advantages of Bitcoin Paper Wallets

A paper wallet, in essence, is a piece of paper that includes both your public and private keys. While…

Read more on bitcoinnews

Marathon Breaks Records with 1,853 BTC Mined in December

In a groundbreaking achievement, Marathon Digital Holdings, a prominent bitcoin miner based in Florida, has set an industry record by mining an unprecedented 1,853 bitcoin in December 2023. This remarkable feat represents a 56% surge compared to the previous month and an astonishing 290% increase from the same period in 2022.

Marathon Digital Holdings’ December 2023 #Bitcoin Production Update is here:– Record BTC Production of 1,853 BTC in December and 12,852 in 2023– Increased Average Operational Hash Rate 18% M/M to 22.4 EH/s– BTC Holdings Now Over 15,000, Total Cash & BTC of $1.0B as of…

— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) January 4, 2024

The…

Read more on bitcoinnews

Bitcoin Mining Companies | A Closer Look In 2024

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

Read more on bitcoinnews

Cipher Mining | Purchase Of 16,700 Miners

As the Bitcoin landscape evolves, Cipher Mining Inc. (CIFR) continues to make strategic moves, securing significant expansions in its Bitcoin mining capacities. The company recently announced major acquisitions and expansions in line with the upcoming Bitcoin halving event, slated for mid to late April.

Cipher Mining, a leading developer and operator of Bitcoin mining data centers, revealed plans to bolster its operations significantly. Through agreements with Canaan, a prominent provider of Bitcoin mining machines, Cipher’s joint venture entities, Bear LLC and Chief Mountain LLC, have procured 16,700 units of the latest-generation Avalon A1466 miners. These miners are expected…

Read more on bitcoinnews

LATEST: Bitcoin’s Mysterious $1.1 Million Transaction: Satoshi Nakamoto’s Wallet Stirring Up Crypto World

In a baffling development that has the crypto community buzzing, an anonymous sender has transferred a staggering 27 BTC, worth over $1.1 million, to the wallet linked to Bitcoin’s enigmatic creator, Satoshi Nakamoto. This wallet, known for holding the first-ever Bitcoin block mined back in 2009, came alive with this historic transaction on January 6, 2024. The sender withdrew this hefty sum from the Binance exchange just 50 minutes before making the move to Satoshi Nakamoto’s address (1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa), leaving many to speculate about the identity and motive behind this transfer.

This fascinating development occurred as the crypto community marked Bitcoin’s 15th genesis block anniversary, stirring up excitement and speculation. Numerous theories are circulating: some believe this might be a strategic move to boost Bitcoin ETF approval buzz in the U.S., a gesture of philanthropy, or perhaps a costly mistake. Despite Binance’s rigorous adherence to KYC standards, the identity of the sender remains a mystery. This event has sparked renewed conversations about the enigmatic Satoshi Nakamoto, leading to speculation about whether this event could be a sign of the return of the Bitcoin founder or a strategic effort to spotlight Bitcoin again.

U.Today

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Rocky the dog (ROCKY): 216%
  2. UniLayer (LAYER): 41%
  3. Metastrike (MTS): 25%
  4. Ispolink (ISP): 14%
  5. Lithium Finance (LITH): 11%

$10M – $100M MarketCap:

  1. Myro ($MYRO): 48%
  2. Kishu Inu (KISHU): 22%
  3. GamerCoin (GHX): 21%
  4. Everscale (EVER): 19%
  5. Velo (VELO): 17%

$100M – $1B MarketCap:

  1. Uquid Coin (UQC): 100%
  2. ConstitutionDAO (PEOPLE): 46%
  3. Power Ledger (POWR): 35%
  4. Metaplex (MPLX): 30%
  5. Polymesh (POLYX): 28%

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.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Grayscale, Fidelity join expanding fray in final stretch for a possible spot bitcoin ETF

More stock exchanges filed potentially crucial documents on behalf of prospective spot bitcoin ETF issuers ahead of long-awaited decisions by the SEC.

The New York Stock Exchange filed a new 19b-4 document on behalf of Grayscale late Friday, signaling the crypto asset manager firm is in the final stages of its bid to launch a bitcoin ETF.

The Securities and Exchange Commission can still block the proposal, as it has done to such planned funds over the years. 

NYSE, the exchange on which the Grayscale ETF would trade, filed amendments for planned funds by Hashdex and Bitwise as well.

Meanwhile, Cboe BZX filed amended 19b-4s for proposed spot bitcoin ETFs by Ark and 21Shares; Invesco and…

Read more on Blockworks

DCG repays all short-term loans to Genesis

Digital Currency Group said Friday that it has paid off its short-term loans from its bankrupt subsidiary Genesis.

The disclosure means that DCG’s total debt payoff to creditors is more than $1 billion, including almost $700 million paid to Genesis alone, the company added. 

Genesis in September sued its parent company in an effort to recoup an outstanding loan balance of more than $610 million that matured in May 2023. The September court filings show that DCG owed more than $1.7 billion to Genesis and other creditors. 

Genesis, in a separate complaint filed in September, also sought to recover 4,550 BTC, worth about $199 million as of Friday. 

The crypto lender came to an…

Read more on Blockworks