Crypto

May 30, 2023

Green Gold Rush: Tether Takes Bitcoin Mining to Uruguay

Despite a year fraught with setbacks and significant losses for $BTC, Tether remains undaunted, revealing its plans to invest in sustainable Bitcoin mining operations in Uruguay. ⛏️

This move is a bit left-field, considering Uruguay’s minor role in the global network hash rate compared to powerhouses like the U.S. Yet, with the country generating more than 98% of its electricity from renewable sources, $USDT sees an opportunity to champion a greener approach amidst the dwindling availability of Bitcoin.

And from their website, they seem pretty serious about it:

Despite the controversy surrounding Tether, they’re committed to Bitcoin, even pledging to use up to 15% of its monthly net operating profits to bolster Bitcoin reserves. 💎

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Bitcoin Hits New All-Time High Then Someone Punched It In The Face

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Dear. God. Those. Liquid. Ations.

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March 4, 2024

BlackRock’s Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets

When the first gold ETF came out, it took a couple of years to reach $10 billion in AuM (assets under management). How long did it take Blackrock’s $IBIT? 2 months. 😱

Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock’s IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%.

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