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A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels.
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Bitcoin’s 4th halving event is scheduled to occur on April 22nd, at event block height 840,000. As each block, containing executed transactions, is mined, it is stamped with a block height, noting how many blocks have been generated before the latest one.
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Bill Ackman, a well-regarded investor and CEO of Pershing Square Capital Management, outlined a hypothetical scenario that has sparked intense debate among crypto enthusiasts, economists, and environmentalists.
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Bitcoin miner Argo Blockchain sold one of its sites to repay debt amid its declining BTC production last month.
Argo sells site to repay debt
In a Mar. 5 statement, the miner explained that it sold its Mirabel Facility in Quebec for $6.1 million.
The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council.
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Bitcoin mining and technology firm Marathon Digital reported record growth in a number of categories in its 2023 annual earnings report.
The firm also revealed the development of a Layer-2 network for Bitcoin called Anduro to build upon the flagship crypto’s ecosystem.
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