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Bitcoin Mining Giants from Wall Street: Ranking the Top 5 by Market Cap
Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of them, and it's where we find the largest publicly traded BTC miners. But which one is the biggest? Let's find out! Who is the Largest Bitcoin Miner on Wall Street? Marathon Digital Holdings (NASDAQ: MARA) is the undisputed leader in the industry, with a market capitalization approaching $6 billion. The company's stock has gained more than fivefold since its low at the end of the crypto winter,...
Arthur Hayes Claims BTC Will Hit $1M, Says Presidential Outcome Irrelevant
Founder of BitMEX, Arthur Hayes, predicts Bitcoin could top US$1 million this cycle—driven largely by continued money printing in the US. Hayes also says the result of the US presidential election will be fairly meaningless for crypto, as regardless of the result, both candidates will continue to print money, driving up the price of crypto. The BitMEX founder also says the SEC leadership is irrelevant as long as the politics around crypto remains the same, if Gensler was replaced you’d just see a new leader implementing the same policies for political reasons. Arthur Hayes, the colourful crypto thought leader and...
Major Sell-Off Imminent? US Gov Transfers $1.9B In Seized BTC to Coinbase Prime
The US government yesterday transferred 19,800 BTC, valued at just under US$2 billion, to Coinbase Prime, potentially indicating a plan to sell. The BTC are part of a huge haul the US government seized as part of its criminal proceedings against the now-defunct illicit online marketplace, the Silk Road. Historically large government sales of Bitcoin have triggered market sell-offs, such as when the German government sold earlier this year — for now though the BTC price remains stable. The US government yesterday transferred 19,800 Bitcoin (BTC), valued at just under US$2 billion (~AU$2.9b), to Coinbase Prime, leading many to believe...
