Kategorie: Bitcoin News

• Bitfarms mined 286 BTC in March, down from 300 in February.
• Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency.
• Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC.

Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, despite its ongoing efforts to expand and upgrade its mining fleet.

Bitfarms mined a total of 286 BTC in March 2024, down from the 300 BTC mined in February.

This decline in production can be attributed to various factors, including participation in grid-stabilizing curtailment programs and power plant maintenance activities in Argentina.

Additionally, a temporarily lower average operating EH/s and a 4.8% increase in network difficulty compared to the previous month also contributed to the decrease in BTC production.

Bitfarms’ fleet upgrade and expansion plan

Despite the decrease in BTC production, Bitfarms seems to be very committed to enhancing its mining capabilities.

The company has been actively pursuing its fleet upgrade and expansion plan, aiming to reach 21 EH/s and 21w/TH in 2024.

To achieve this goal, Bitfarms has made significant investments, including the purchase of 28,000 Bitmain T21 miners, along with additional S21 miners and S21 hydro miners.

These acquisitions are part of Bitfarms’ strategy to improve operational efficiency and capitalize on the potential for increased mining margins amid rising Bitcoin prices.

Current financial standing and future outlook of Bitfarms

Bitfarms sold 284 out of the 286 BTC earned in March, generating total proceeds of $19.2 million.

Furthermore, Bitfarms increased its BTC treasury holdings to 806, valued at $56.7 million, and held Synthetic HODL™ of 85 long-dated BTC call options, along with $66 million in cash, resulting in total liquidity of $123 million.

Looking ahead, Bitfarms remains optimistic about its growth prospects.

The company is set to participate in several upcoming conferences and events, including DigitalABC’s First Annual Canadian Crypto Asset and Blockchain Policy Conference and the Bitcoin Policy Summit.

With its ongoing fleet expansion efforts and a focus on operational efficiency, Bitfarms is well-positioned to navigate the evolving cryptocurrency landscape and capitalize on opportunities in the market.

By diligently expanding its mining fleet and adapting to market conditions, Bitfarms continues to solidify its position as a key player in the Bitcoin mining industry.

The post Bitfarms mines less BTC in March despite expanding its mining Fleet appeared first on CoinJournal.

Renowned investor Robert Kiyosaki, author of the mega-selling “Rich Dad Poor Dad,” has been a vocal advocate for Bitcoin for years. Recently, however, Kiyosaki’s stance seems to be wavering. While he still believes Bitcoin has potential as a hedge against inflation due to its finite supply, he’s questioning its legitimacy in a system he views as inherently corrupt.

This skepticism has investors wondering: is there a new “best cryptocurrency” on the horizon, perhaps a Dogecoin killer ready to take the top spot? 

Enter Rebel Satoshi, a project with a bold vision and a unique token structure that’s generating a lot of buzz in the world of top altcoins.

Kiyosaki’s Bitcoin blues: why the doubt?

Kiyosaki’s concerns stem from his belief that traditional financial systems are a house of cards. He sees fiat currencies as “fake money” constantly being inflated by central banks. 

While intended to be a decentralized alternative, Bitcoin still relies on traditional exchanges and infrastructure, which Kiyosaki views with suspicion. 

This lack of complete autonomy makes him question whether Bitcoin can truly be the revolutionary force it was envisioned to be.

The rise of alternative tokens: can Rebel Satoshi disrupt the crypto landscape?

Kiyosaki’s doubts about Bitcoin have opened the door for alternative cryptocurrencies to gain traction. Rebel Satoshi stands out among these contenders with its mission to challenge the status quo and empower individuals. 

Built on the secure Ethereum blockchain, Rebel Satoshi boasts a two-token system: $RBLZ and the recently launched $RECQ.

$RBLZ: the OG token fueling the rebellion

$RBLZ, the governance and membership token, is the heart of the Rebel Satoshi ecosystem. It grants holders exclusive access to features like early access to NFTs, participation in community governance, and even free merchandise. 

Owning $RBLZ makes you a “Recusant,” an inner circle member with a say in the project’s future. This focus on community involvement sets Rebel Satoshi apart from many top altcoins, fostering a sense of shared ownership and purpose.

$RECQ: powering the everyday transactions of a rebellious economy

$RECQ, the utility token, is the fuel that keeps the Rebel Satoshi engine running. It’s used for everyday transactions within the ecosystem, including buying NFTs, in-game items, and merchandise. Unlike $RBLZ, $RECQ is designed to be the base currency for daily interactions, ensuring smooth operation and rewarding user engagement. 

The recent launch of $RECQ’s presale has fueled excitement, with over 268 million tokens already sold in the Early Bird stage – a significant milestone for this new project aiming to be a potential best memecoin.

Rebel Satoshi vs. Dogecoin: a battle for meme coin supremacy?

While Dogecoin, the Shiba Inu-themed meme coin, captured many’s hearts (and wallets) in   2021, its future remains uncertain. It lacks the robust ecosystem and utility that Rebel Satoshi brings to the table. $RBLZ offers real governance rights and a sense of community, while $RECQ facilitates everyday transactions within the Rebel Satoshi world. 

On the other hand, Dogecoin primarily relies on its meme status and celebrity endorsements, which can be fickle in the ever-evolving crypto landscape. 

Dogecoin may have enjoyed a meteoric rise as the hottest memecoin, but can it compete with a project that’s building a sustainable future?

Is $500 a realistic target for Rebel Satoshi?

Whether Rebel Satoshi can reach $500 per token is a question only time can answer. The cryptocurrency market is notoriously volatile, and success hinges on a combination of strong community support, real-world use cases, and a well-defined roadmap. 

However, Rebel Satoshi’s innovative token structure, focus on building a community, and its connection to the ever-popular meme coin trend position it well for potential growth. 

With its sights set on becoming a top altcoin, Rebel Satoshi could be a project to watch in the ever-changing landscape of the best cryptocurrencies.

The road ahead: the future of Rebel Satoshi and $RECQ

With the presale of $RECQ exceeding expectations, Rebel Satoshi has demonstrably captured investor interest. The coming months will be crucial as the project rolls out its features and expands its user base. The success of $RECQ will be a key indicator of Rebel Satoshi’s ability to establish a thriving internal economy, separate from the traditional financial system that Kiyosaki critiques.

While the top spot amongst cryptocurrencies may seem like a distant dream, Rebel Satoshi’s unique approach offers a compelling alternative to the status quo. With a passionate community and a well-defined purpose, Rebel Satoshi has the potential to become a major player in the ever-evolving world of cryptocurrency.

For the latest updates and more information, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

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• Bybit will list VELAR, the native token of Bitcoin liquidity protocol Velar on April 3.
• Velar’s listing on Bybit will be via an initial exchange offering and marks a major milestone for Bitcoin ecosystem.

Velar is set to launch its native token VELAR via an Initial Exchange Offering (IEO) on crypto exchange Bybit.

The Bitcoin liquidity protocol said in an announcement on Wednesday that VELAR will go live on Bybit on April 3 and will coincide with its Initial DEX offering.

Also notably, VELAR on a top tier crypto platform aligns with the project’s roadmap for accelerating its growth and adoption across the global marketplace.

According to a news release shared with CoinJournal, this is significant milestone for the DeFi ecosystem on Bitcoin. In particular, Velar’s launch is expected to bolster liquidity and utility within the Bitcoin DeFi ecosystem.

Bybit’s position as one of the world’s top spot and derivatives exchange platforms will play a huge part in this, the platform noted in the announcement.

“As we prepare to go live on Bybit, one of the world’s top 3 crypto exchanges, with the listing of $VELAR token on April 3rd, we recognize the significance of this moment for the entire Bitcoin ecosystem,” Velar co-founder & CEO Mithil Thakore said.

The Velar chief added, “This marks a pivotal juncture where we’ll witness firsthand the interest and adoption of Bitcoin ecosystem projects on a global scale. It’s not just about our project; it’s about paving the way for countless others.”

The Bitcoin DeFi ecosystem continues to grow

Ethereum has over $50 billion in liquidity locked across DeFi protocols.

According to Velar, this is an outlook that suggests enormous potential for Bitcoin, the benchmark crypto asset. The upcoming launch offers an opportunity for Velar to tap into more than $1 trillion in dormant BTC capital.

The prospect means Bitcoin holders can leverage the opportunities, including yields, that the smart contracts industry offers.

VELAR’s listing on Bybit comes after Velar successfully launched Dharma, an automated market maker (AMM) and decentralized exchange (DEX). The platform has already attracted over 150k users, with users able to access features such as token swaps, liquidity pools, staking and yield farming.

Bitcoin continues to see unprecedented growth and a new era of DeFi, NFTs and gaming is seen as the next big thing. Velar has a first mover advantage as it seeks to bring more BTC into the DeFi landscape.

According to today’s press release, Velar will soon launch its V2 mainnet to introduce a Bitcoin-native perpetual DEX platform. The pioneering non-custodial platform will offer up to 20x leverage.

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