In a recent report, the community-driven, nonprofit electric provider in Texas, Denton Municipal Electric (DME), is attracting interest from several crypto mining companies seeking to establish operations. These companies are eyeing a five-year agreement for powering their mining activities. Texas’ Denton Municipal Electric in Talks With Unnamed Crypto Miners On Feb. 16, the Denton Record […]
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The balance of Bitcoin on exchanges has recently plummeted to a new record low for the year, with just 2.291 million BTC on exchanges. Data reveals that this figure is reminiscent of levels last observed in March 2018, marking a significant shift in the distribution of the cryptocurrency. Over the previous weekend, a substantial volume of Bitcoin exited the exchanges, primarily attributed to ‘whales,’ or large-scale holders of the digital asset.
The principal outflows were traced to two major cryptocurrency trading platforms, Bittrex Global and Bitstamp. This trend may indicates a more bullish sentiment among large investors as they move their holdings out of exchanges and into private wallets, presumably for long-term holding.
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