Bitcoin AI Generated News

Bitcoin mining has become lucrative again in May 2025, with the price of Bitcoin soaring and transaction fees rising. The profitability of mining, from home setups to large farms, is being questioned. While gaming PCs have powerful GPUs and downtime, mining Bitcoin with them is not worthwhile due to the immense energy and power required. The process of mining adds new BTC to circulation and secures the network through proof-of-work. However, ASICs have dominated the mining scene, rendering GPU mining inefficient. After September 30, 2025, 4GB GPUs will be obsolete for mining due to DAG size limits. Despite the inefficiency of mining Bitcoin with a gaming PC, there are alternative cryptocurrencies like Ethereum Classic, Ravencoin, and Monero that are still profitable for GPU miners in 2025. Read more AI-generated news on: https://app.chaingpt.org/news

Hackers breached LockBit's dark web affiliate panel, leaking almost 60,000 Bitcoin addresses tied to the ransomware infrastructure. The leaked MySQL database dump contained valuable crypto-related information for blockchain analysts to trace illicit financial flows. Ransomware, a malicious malware, locks files or computer systems, demanding ransom payments in digital assets like Bitcoin for decryption keys. LockBit, a notorious ransomware group, faced a joint operation by 10 countries in February 2024 due to significant damages caused to key infrastructure. While no private keys were leaked, the database revealed ransomware builds and negotiation messages between victims and the organization. Analysts suspect a link between the breach and the Everest ransomware site breach. The exposure of addresses aids law enforcement in tracking ransom payments and patterns in the crypto ransomware economy. Read more AI-generated news on: https://app.chaingpt.org/news

The Bybit exchange has successfully restored its liquidity to pre-hack levels within just 30 days after the February 2025 cyberattack that resulted in the loss of nearly $1.5 billion. A recent report by crypto research firm Kaiko indicates that Bitcoin's liquidity, measured by its 1% market depth, has returned to approximately $13 million per day in March 2025. While altcoin liquidity on the exchange has been slower to recover, it has reached around 80% of its pre-hack levels. The Kaiko report suggests that the drop in trading volumes is not solely due to the hack but is also influenced by broader market uncertainties. Bybit's CEO, Ben Zhou, assured investors of the exchange's solvency and received support from the crypto industry, with competitors offering assistance and freezing the stolen funds on their platforms. Read more AI-generated news on: https://app.chaingpt.org/news

Lyn Alden suggests that a weaker US dollar is crucial for stabilizing the financial system. Bitcoin and gold are poised to benefit from de-dollarization as sovereign wealth funds and nations increase their exposure to Bitcoin. The US Dollar Index has declined by 11% since the beginning of 2025, reflecting potential long-term changes in the global monetary order. The current financial system heavily relies on credit expansion, posing risks due to the imbalance between debt and base money. A weaker dollar could lead to a shift away from US monetary hegemony, creating opportunities for alternative assets like Bitcoin and gold. The inverse correlation between Bitcoin and the US Dollar Index indicates that a weaker dollar could trigger a new BTC rally. As the world moves towards de-dollarization, Bitcoin's neutrality and borderless nature position it as a viable option for trade and value storage. Read more AI-generated news on: https://app.chaingpt.org/news

Arizona Governor Katie Hobbs recently approved a bill that allows the state to claim unclaimed cryptocurrencies and establish a 'Bitcoin Reserve Fund' without using taxpayer money. The law, signed on May 7, permits Arizona to take ownership of abandoned digital assets if the owner does not respond to communications within three years. Custodians can stake the crypto for rewards or airdrops, which will be deposited into the Bitcoin and Digital Asset Reserve Fund. The bill's sponsor, Jeff Weninger, emphasized the importance of not letting value go to waste and positioning Arizona as a leader in managing abandoned digital currency. Hobbs vetoed a similar bill earlier due to concerns about using public funds for untested assets. The approval of this new law has raised hopes for the signing of another bill that would allow allocating state funds into Bitcoin, following a trend seen in other states like New Hampshire. Read more AI-generated news on: https://app.chaingpt.org/news

Core Scientific Inc., a Nasdaq-listed Bitcoin mining company, announced a net profit of $580 million in the first quarter of 2025. Despite missing revenue estimates due to a decline in mining profits, the company saw a significant increase in net income compared to the previous year. The total revenue for Q1 2025 was $79.5 million, falling short of analyst predictions by 8.11%. The drop in revenue was attributed to the halving event in April 2024, which reduced mining rewards. However, Core Scientific offset some losses with a rise in Bitcoin prices and lower power costs. The company's shift towards high-performance computing (HPC) hosting also played a role in revenue generation. Core Scientific anticipates significant growth in colocation revenue by 2026, following a data center expansion deal with AI startup CoreWeave. The company's CEO, Adam Sullivan, highlighted the first quarter as a turning point in positioning Core Scientific at the forefront of the evolving computing landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency mining company Diversified Energy left behind unplugged wells and regulatory violations at a natural gas-powered mining site in Elk County, Pennsylvania. The Longhorn Pad A site was brought back to life in 2022 by Diversified for crypto mining, but they did not initially obtain an air quality permit. Despite later receiving the permit, an inspection in March 2025 revealed that the company had removed the mining infrastructure, leading to a violation notice for well abandonment. Diversified claimed the site was not abandoned and may resume gas production, but environmental advocates argue they have not fulfilled their obligations. The company's business model of acquiring aging wells without proper decommissioning plans has raised concerns. Diversified agreed to plug 3,000 wells by 2034 in a legal settlement but faces ongoing regulatory scrutiny. In a separate incident, a proposal for a crypto mining facility in Vilonia, Arkansas, was rejected due to resident opposition. Read more AI-generated news on: https://app.chaingpt.org/news

Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, announced plans to become a Bitcoin treasury company. Through a reverse merger, Strive will go public and utilize the combined company's stock to acquire Bitcoin. The merger with Asset Entities, a Nasdaq-listed social media marketing firm, will result in the new entity operating under the Strive brand. By accessing public equity markets, Strive aims to finance Bitcoin purchases. After finalizing the deal, Strive intends to raise around $1 billion through equity and debt issuance to accumulate BTC. The company plans to employ various strategies to build a substantial Bitcoin reserve and implement a long-term investment strategy to outperform Bitcoin. Additionally, Strive will enable Bitcoin holders to exchange their holdings for public stock in a tax-efficient manner. With approximately $2 billion in assets under management, Strive is venturing into the Bitcoin market by offering an ETF investing in convertible bonds issued by corporate Bitcoin buyers. Corporate Bitcoin treasuries, valued at around $74 billion, have gained popularity as a hedge against fiscal deficits, currency devaluation, and geopolitical risks. Read more AI-generated news on: https://app.chaingpt.org/news

Bhutan, recognized for its involvement in cryptocurrencies like Bitcoin, has introduced a tourism crypto payment system in collaboration with Binance Pay and DK Bank. The system enables Bhutan travelers with Binance accounts to use over 100 different crypto assets, including Bitcoin, USDC, and BNB, to pay for services such as tickets, hotel stays, and tour guides. This initiative also provides a payment gateway for Bhutan businesses to accept crypto payments through a QR code on a phone. The partnership aims to support small businesses in Bhutan, allowing even remote vendors and artisans to accept crypto payments. Tourists can now pay for services without the need for local currency or cash, making it convenient for international travelers. Bhutan's embrace of digital assets is further demonstrated by its strategic crypto reserve and investments in Bitcoin. Despite its crypto-friendly stance, Bhutan's cryptocurrency regulations remain uncertain, as highlighted by the warning issued by the Royal Monetary Authority in 2020 regarding the Pi cryptocurrency. Read more AI-generated news on: https://app.chaingpt.org/news

Several crypto-focused organizations, including Bitcoin mining companies, are considering a return to the US due to geopolitical tensions. However, Hive Digital Technologies is focusing on the untapped potential of the Latin American market, particularly in Paraguay. The company acquired a 200 MW facility in Yguazú and plans to expand to 300 MW by 2025. Despite concerns about a proposed ban on crypto mining in Paraguay, Hive is working with policymakers to ensure clarity in mining legislation. The company is also diversifying sourcing channels for mining equipment to mitigate risks. Hive's CEO emphasized the importance of controlling operational expenses and maximizing energy efficiency to drive profits. With a growing presence in North and South America, Hive aims to create a balanced footprint resilient to geopolitical shocks. Read more AI-generated news on: https://app.chaingpt.org/news

Strike, a Bitcoin payment company, has introduced Bitcoin-backed loans for its American customers. CEO Jack Mallers announced the new service, which allows customers from 26 U.S. states to secure loans ranging from $75,000 to $100,000. Mallers mentioned that the service will expand to other regions, including Europe. The concept behind Strike Lending is to enable customers to access cash without selling their Bitcoin assets, offering loans with a minimum 12% APR using Bitcoin as collateral. Individuals and companies can also qualify for larger loans exceeding $2 million. Strike, known for facilitating cryptocurrency transactions, is affiliated with Twenty One, a Bitcoin treasury company formed through a SPAC merger with support from Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. Additionally, Strike collaborated with El Salvador on its Bitcoin initiative, assisting in establishing the infrastructure for using Bitcoin as legal tender. Despite recent policy changes, El Salvador's President Nayib Bukele continues to invest in Bitcoin. Read more AI-generated news on: https://app.chaingpt.org/news

Investment bank Benchmark has raised its rating on Bitcoin mining hardware manufacturer Canaan to a 'buy', with a $3 price target. Analyst Mark Palmer believes Canaan's expansion in North America will drive stock growth, despite challenges in the industry. Other mining companies like MARA Holdings have faced setbacks due to declining hash rates and reduced Bitcoin rewards. Canaan, known for its ASIC chips, is venturing into consumer markets to diversify revenue. The company's stock closed at $0.60, down 21% in the last month. Despite industry headwinds, Canaan's strategic moves and focus on home mining rigs have garnered optimism. Bitcoin mining, a resource-intensive process, faces profitability challenges, but Canaan's innovative approach and market diversification are seen as positive steps in a competitive landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Binance recently surveyed its Asia-based users on security, with positive results. Over 80% use 2FA, and 73% verify transfers. The survey highlighted user education as key to leveraging growing security interest. Exchange-led scam simulations could aid in anti-fraud knowledge dissemination. With crypto phishing scams increasing, user vigilance is crucial. Binance emphasized the importance of 2FA adoption but noted low rates in other security practices due to lack of awareness. The survey revealed users' willingness to engage in anti-scam training, preferring gamified approaches. Users also expect exchanges to manage security actively. Regional variations in security preferences were observed among Asian users. Follow-up surveys may be necessary for broader insights. The data can inform global anti-fraud policies and educational initiatives. Transparency and verification are recommended when using this information. Read more AI-generated news on: https://app.chaingpt.org/news

A recent report from Cambridge confirms the US as the top global Bitcoin miner, raising questions about China's reaction. Despite China's anti-crypto stance, its mining pools have historically controlled a significant portion of the global Bitcoin hashrate. The US's current lead and trade tensions may prompt China to reconsider its position. The Coin Bureau and Wanchain representatives discussed potential factors that could influence China's stance on digital assets. The US now dominates Bitcoin mining, accounting for 75.4% of the reported hashrate. This shift marks a significant change in Bitcoin mining power dynamics. China, once a leading mining nation, cracked down on the industry in 2019, signaling its disapproval. However, China still plays a role in Bitcoin mining, accounting for about 15% of the global hashrate. China's strategic response to US dominance in mining and its efforts to de-dollarize its economy through digital assets will shape its stance on cryptocurrencies in the future. Read more AI-generated news on: https://app.chaingpt.org/news

Investors have been flocking to BlackRock's spot Bitcoin exchange-traded fund for over three consecutive weeks, driving the asset's price up to $97,000 on May 7. The BlackRock iShares Bitcoin Trust has experienced 16 days of inflows for the spot BTC ETF, with an additional 280 Bitcoin, equivalent to around $36 million, pouring into the fund on May 6. ETF Store President Nate Geraci highlighted the fund's approaching milestone of $5 billion in new capital. Since April 9, the BlackRock fund (IBIT) has accumulated approximately $4.7 billion in inflows. Notably, it is the sole spot BTC ETF in the US to record inflows this week, while other funds have either seen outflows or remained stagnant since May 1. The recent surge in inflows has been viewed positively for the long term, with expectations that BTC ETFs will surpass gold ETFs' assets under management in the next 3 to 5 years. Read more AI-generated news on: https://app.chaingpt.org/news

Two Bitcoin whales, dormant since 2014, recently moved a total of 3,422 BTC valued at $324.2 million. The whales, known as '1NWPS' and '1PiEK,' had been inactive for over a decade before making these significant transfers. The reasons behind the movements remain a mystery, with the identities of the wallet owners undisclosed. This surge in whale activity coincides with a trend of increased movement among long-dormant Bitcoin holders. Recent data shows a 110% rise in the transfer of aged BTC compared to the previous year. The resurgence of old-school whales has been notable, with one wallet inactive since 2016 moving over $250 million in Bitcoin. The motivations behind these resurgences vary, from capitalizing on high prices to simply reorganizing holdings. The reactivation of long-dormant wallets may also stem from owners recovering lost keys or updating storage methods. Read more AI-generated news on: https://app.chaingpt.org/news

Binance co-founder Changpeng “CZ” Zhao predicts that Bitcoin could reach $500,000 to $1 million in the current market cycle. He emphasized the impact of Bitcoin spot ETFs in attracting institutional money to the crypto market. Zhao mentioned that the majority of US investments in Bitcoin are institutional. Alex Obchakevich from Obchakevich Research stated that 70% of Bitcoin's growth comes from new institutional capital. Zhao also noted the increasing trend of governments buying Bitcoin, citing El Salvador and Bhutan as examples. He highlighted the shift in the US towards a more pro-crypto stance under the current administration. Zhao mentioned that retail investors had ample time to invest in Bitcoin and that their delay was a personal choice. Overall, the rise of ETFs and institutional investments are driving Bitcoin's price surge, with governments also joining the trend. Read more AI-generated news on: https://app.chaingpt.org/news

Cointelegraph recently participated in an investigation led by cyber threat intelligence expert Heiner Garcia, revealing a network of North Korean operatives seeking freelance work in the cryptocurrency sector. The suspected operative, known as 'Motoki,' inadvertently exposed links to a group of threat actors during a dummy job interview. Garcia's analysis connected Motoki to a cluster of GitHub accounts and fake Japanese identities associated with North Korean operations. Motoki's behavior during the interview raised suspicions, leading to the discovery of his collaboration with a higher-level operative, 'bestselection18.' The investigation shed light on North Korean operatives infiltrating the crypto gig economy through platforms like OnlyDust. Despite Motoki's disappearance following the interview, the findings highlighted the ongoing threat posed by DPRK operatives in various tech industries, including cryptocurrency exchanges. Read more AI-generated news on: https://app.chaingpt.org/news

Are you uncertain about whether the market is bullish or bearish? This guide explains how to differentiate between the two using price action, volume, sentiment, and onchain data. It teaches you to identify market cycles, recognize signals, and adjust your strategy accordingly for smarter trading. In a bull market, prices rise continuously, creating excitement and optimism about the future. Conversely, a bear market sees consistent price drops, leading to investor retreat and negative sentiment. Understanding these market phases enables strategic investment, risk management, and emotional control. Various indicators like trading volume, the Crypto Fear & Greed Index, moving averages, and institutional adoption can help in gauging market trends. By utilizing tools like TradingView, Cointelegraph, LunarCrush, and Glassnode, investors can track market movements and make informed decisions based on the market cycle. Whether it's trend following, profit-taking, risk management, defensive positioning, dollar-cost averaging, or focusing on fundamentals, adapting your trading strategy to the market conditions is crucial for success in the volatile crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin advocate Charlie Shrem recently introduced 21million.com, a Bitcoin faucet that aims to distribute small amounts of the cryptocurrency to users who complete simple CAPTCHA tasks. This idea is not novel, as early Bitcoin developer Gavin Andresen created the original Bitcoin faucet in 2010, which gave out five bitcoins to promote adoption. Despite the initial success of distributing 19,700 BTC, valued at $1.86 billion today, Shrem's new faucet currently offers no BTC rewards. The website, designed with a minimalist style reminiscent of the original faucet, is not operational as of May 5, 2025. Shrem described the project as 'vibe coded,' utilizing AI tools to develop software without traditional coding methods. Despite facing challenges, community members have shown support by offering to donate Bitcoin to sustain the faucet's operations. The initiative reflects a shift towards AI-driven development in creating websites and applications, especially in the context of Bitcoin's increased value making traditional faucets less economically feasible. Read more AI-generated news on: https://app.chaingpt.org/news