Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner – News Bytes Bitcoin News
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Bitcoin Tops $70K as Spot Bitcoin ETFs Draw New Investors
Bitcoin topped $70,000 for a time on Monday. At one point, it was $3,931 higher than its previous close and 82.3% higher than its 2024 low, which it reached on Jan. 23, Reuters reported Monday (May 20). The report attributed the rise in part to this year’s approval and launch of spot bitcoin exchange-traded funds (ETFs), which […]
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Skybridge's Scaramucci: Institutional Adoption of Bitcoin Is Happening Now – Featured Bitcoin News
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was […]
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Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining – News Bytes Bitcoin News
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan police and prosecutors to seize and sell off mining equipment […]