Global #Bitcoin

According to new data, mining Bitcoin (BTC) may not be as profitable as it once was. Bloomberg reports that the profitability of mining Bitcoin is getting dangerously close to a record low, not seen since the days after FTX collapsed, which presents serious difficulties for those tasked with maintaining network security.

Square Merchants can now use the Cash App to convert their daily sales into Bitcoin thanks to a new feature from financial services company Block. Jack Dorsey, the creator of Block, made the news on the social media network X.

In the upcoming months, bitcoin transactions will be allowed again, according to plans disclosed by global payment company Stripe.

In the early afternoon of East Asia's trading day, Bitcoin (BTC) is trading above $64,000 despite a notable increase in withdrawals from bitcoin exchange-traded funds (ETFs).

Creating additional assets on top of Bitcoin was viewed as a gimmick or a publicity ploy until recently. In 2023, "ordinals," a type of NFT that was also included in a Bitcoin block, were one of the biggest trends.

American economist and gold bug Peter Schiff has interpreted the fact that the majority of the assets in the cryptocurrency industry are losing money as a sign that Bitcoin (BTC) is headed for collapse, issuing a particularly grim warning to owners of spot BTC exchange-traded funds (ETFs).