Riot Platforms mined 6,626 BTC in 2023.

Mining company Riot Platforms mined 6,626 BTC in 2023, up 19% from 2022. This follows from the company's report.

The document notes that Riot Platforms' total revenue grew by 8%, from $259.2 million in 2022 to $280.7 million in 2023. Revenues from Bitcoin mining amounted to $189 million.

Additionally, the report states that as of December 31, 2023, the company had $597 million in cash, 7,362 BTC worth approximately $311 million, and nominal long-term debt.

 

Hackers hacked MicroStrategy's X account to send phishing scams.

On February 25, attackers gained control of MicroStrategy's X account and posted malicious links to a “giveaway” of MSTR tokens.

After clicking on the link in the post, users were asked to connect their wallets and request a fake airdrop. Thus, the hackers gained control over the victims’ addresses.

According to Detective ZachXBT, the estimated losses amounted to about $440,000.

Scam Sniffer researchers reported that one user lost more than $420,000 in various altcoins.

According to DeBank, the hacker is holding $329,684 at the time of writing.

 

An Australian crypto exchange mistakenly sent $653,000 to a user's account instead of $65,300.

An Australian crypto exchange is reportedly working to recover nearly $328,000 from a user after it was falsely credited to his account due to a significant fat-finger error.

The incident involved Rhino Trading, the parent company of crypto exchange OTCPro, mistakenly transferring $653,000 ($A995,000) to a user, significantly higher than the intended amount of $65,300 ($A99,500), ABC News reported, citing court documents.

The exchange admitted its mistake on February 4, but attempts to contact the user, identified as Kou Seng Chaya, to return the funds were in vain.

Chai did not respond to emails from the exchange on the issue. Court documents show that the user allegedly used mistakenly deposited funds to buy Tether and then made multiple transactions worth approximately $626,700 ($956,000 AUD), each of which is limited to a daily withdrawal limit of $100,000.

Subsequent complications arose when Rhino Trading attempted to contact Chai. A phone call to the number associated with his account was answered by a person who said it was not Chai's number. Additionally, Chai failed to appear in court, leading to further legal action.

 

The Fear and Greed Index reached a reading of 82 "extremely greedy" for the first time since November 2021.

To understand how greedily the crowd is now buying #BTC - the last time such purchases were in November 2021. Near the current ATH of $69,000, when avatars with laser eyes on Twitter wrote about an imminent hike to $100,000. And the bear market began.

 

HOWEVER, interest in Bitcoin in the Google search engine is still not great. According to Google Trends - 20 points. For comparison, in October 2021, before the ATH, there were 46 points.

 

You can decipher this data as follows: the price is at local highs and you should wait for a correction. But this is not the high of the entire cycle, because #BTC has not yet attracted a crowd on the scale that it did at the peak of the cycle in 2021.

 

Bitcoin exceeded $64,000. Ethereum soared above $3,500.

Bitcoin soared to $64,000 on Wednesday, but then fell sharply, briefly falling below $60,000. The main catalysts for Bitcoin's rise were the influx of big money into spot ETFs and manifold liquidations of short positions.

In many countries, BTC has already set all-time highs against local currencies. Now investors are waiting for a significant event to happen with the US dollar.

The dynamics of capital flows, exchange activity, leverage in crypto derivatives and demand from institutions all indicate a jump in risk appetite among Bitcoin investors, Glassnode notes. The current situation is reminiscent of the boom seen in 2020-2021.