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Cryptocoins News / The Cointelegraph ​ - 1 month ago

Bitcoin ETFs shed $450M in biggest outflow since June

The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows.Spot Bitcoin exchange-traded funds recorded their largest day of outflows since late Jun...

Bitcoin News / Bitcoin.com - 1 month ago

Ethiopia’s Bitcoin Mining Boom Just Ran Into a Water Problem

Ethiopia has cut electricity deliveries to bitcoin miners by 75%, leaving them with just 23% of contracted power after El Niño reduced reservoir inflows by roughly 20%. The twist is that miners had become one of Ethiopian Electric Power’s biggest cus...

Cryptocoins News / The Cointelegraph ​ - 1 month ago

BIS paper finds major gap in Bitcoin onchain transfer estimates

A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins. Researchers at the Bank for International Settlements found that estimates of Bitcoin onchain transfer...