Bitcoin News and Finance: What You Need to Know

In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity prices. Gradual Decline in Miner Revenue Bitcoin miners’ revenues have fallen by over 30% in the past six months, despite the gradual increase in the price of Bitcoin from its March 10 low of just over $20,000 to just over $38,000 on Dec. 1, 2023. According to banklesstimes.com data , miners’ November revenue of $615.1 million is approximately $300 million less than the January revenue. Since reaching a high of $918.8 million in January, miners’ revenue has gradually declined in the months that followed. The month of October was the only time this trend was bucked, with miners securing the second-highest monthly earnings of 2023 at $885 million. Commenting on the drop in miner revenue, Alice Leetham, an ...

Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to be significantly higher when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “We will see a pretty successful shift of psychology … when the government says ‘you are allowed to buy bitcoin,'” he described. Mike Novogratz’s Bullish Bitcoin Prediction Galaxy Digital CEO Michael Novogratz explained why the price of bitcoin is poised to rise “significantly higher” in an interview on Bloomberg TV Wednesday. His bullish prediction hinges on the potential approval of the first U.S. spot bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). Novogratz detailed: “There’s a bunch of good things happening for bitcoin. We are going to get an ETF. Right now there’s a lot of anticipation. Some of that is built into the price.” He added that when you actually get a spot bitcoin ETF announcement, which he believes to be two months before it starts...

Ripple’s chief legal officer says the U.S. Securities and Exchange Commission (SEC) is “anything but infallible,” emphasizing that the regulator is “bloated, broken, and beleaguered.” He advised investors not to be intimidated when having to deal with the securities watchdog. ‘SEC Is Anything But Infallible’ Ripple’s chief legal officer, Stuart Alderoty, slammed the U.S. Securities and Exchange Commission (SEC) on social media platform X on Thursday. Quoting an article published in the Wall Street Journal stating that the Supreme Court has repeatedly ruled against the SEC in recent years, Alderoty stressed that the securities regulator is “anything but infallible,” noting that the agency is “bloated, broken, and beleaguered.” He also advised investors: “Don’t be intimidated when they come knocking.” Commenting on Alderoty’s statement, lawyer John Deaton shared : “I remember when I sued the SEC and some people said: ‘You’re crazy.’ Why? The SEC is only good at one thing: intimida...

Ocean, a Bitcoin mining pool that recently raised $6.2 million in a seed funding round led by former Twitter (now known as X) CEO Jack Dorsey, is currently filtering ordinal inscription transactions. Giacomo Zucco, a bitcoiner, confirmed that Ocean was using Knots as a node, a software developed by Luke Dashjr known to filter Ordinal inscriptions. Ocean Bitcoin Mining Pool Filtering Ordinal Inscriptions Ocean, a Bitcoin mining pool, has acknowledged that it is currently applying a filter that affects Ordinals-related transactions. The pool, which recently closed its $6.2 million seed round led by former X CEO Jack Dorsey, excludes certain Bitcoin Ordinals transactions using Knots, a Bitcoin node known to apply these filtering policies. Giacomo Zucco, who was part of the conference as part of the relaunch of the pool, confirmed this fact, stating that it was currently using several filtering policies, excluding what he called “spam.” Zucco stated : Some ‘inscription’ spam is don...