Crypto News

Bitcoin mining firm Hut 8 took $331 million in net income in 2024, according to the company’s latest financial report. The firm benefited significantly from the rise in bitcoin’s price over the year.Hut 8 finished the year with a reserve of 10,171 bitcoin (BTC), worth approximately $905 million at the time of writing. The vast majority of this reserve has been pledged as collateral to purchase more ASIC mining machines.The miner saw a sharp reduction in energy costs, with fourth-quarter costs per megawatt-hour dropping by 30% from the previous year to $31.63. While Hut 8 managed roughly 1,020 MW at the end of December, it has more than 12,300 MW in the pipeline.The company deepened its relationship with Bitmain, one...

Crypto exchange Kraken says that the SEC will drop its lawsuit, following similar moves in cases against Coinbase, Robinhood, and more.Source link

On March 3, 2025, while bitcoin (BTC) traded between $92,809 to $93,206 per coin, six distinct addresses initially generated in 2011 transferred about 250 BTC—valued at roughly $23 million—for the first time in 12 years. Old-School BTC Holders Resurface, Move 350 Coins to New Addresses and Exchanges Around 250 BTC departed six legacy P2PKH (Pay-to-Pubkey-Hash)Source link

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3109.04, up 14.5% (+393.25) since 4 p.m. ET on Friday.Nineteen of 20 assets are trading higher.Leaders: ADA (+58.8%) and XRP (+25.5%).Laggards: LTC (-8.5%) and APT (+0.6%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

“Ownership was not renounced? Now it is," the ex-footballer tweeted after a cybersecurity firm flagged that tokens could have been burned at will by the creator.Source link