Kazakhstan Eyes Flare Gas to Power Bitcoin Mining
Using gas now burned at oil fields could turn an energy waste stream into power for miners, with estimated annual output of about 1.2 TWh.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Using gas now burned at oil fields could turn an energy waste stream into power for miners, with estimated annual output of about 1.2 TWh.
The weekly record marks a sharp pickup in demand for spot Bitcoin exposure, though the flow figure alone does not establish how long buying will persist.
ETF inflows and rising volume add support to the recovery, but $84,000–$85,000 resistance and the $77,000 True Market Mean remain key tests.
Allowing minting during the rescue window could avoid an on-chain distress signal, but it also leaves new buyers exposed to a reserve shortfall.
Ripple reports more than $100B in processed volume, but does not disclose how much settled in XRP, leaving the token-demand case unproven.
The reversal follows a $5.8B year-to-date deficit in July, while inflows also returned to Ether and Solana funds, pointing to a broader rebound in demand for crypto ETF exposure.
A reported overseas stablecoin initiative could serve US goals of expanding dollar use and Treasury demand, but no deal with Tether has been established.
1.7K $BTC (≈142.6M) moved from #Kraken to unknown wallet.
Its profitable balance sheet and partnerships with Nasdaq and the London Stock Exchange let Payward expand without making an IPO the funding hinge.
The ranking puts Bitcoin's quarterly performance near a historical extreme, though the seed provides no return figure or year-over-year comparison.
616 $BTC (≈51.9M) moved from Coinbase Institutional to unknown wallet.
616 $BTC (≈51.7M) moved from Coinbase Institutional to unknown wallet.
The £207,384 claim tests how X protects creator payments from coordinated activity, with consequences for trust in feeds far beyond crypto.
2.4K $BTC (≈201.8M) moved from unknown wallet to Coinbase Institutional.
XRP ETFs lead the group with six consecutive months of net inflows, extending the signal beyond a single month of demand.
The figure points to low turnover across Bitcoin’s supply, but dormancy alone does not show whether holders will keep holding or sell.
Bitcoin funds logged seven straight days of net inflows, while Ethereum funds reached six, with BlackRock products leading both groups.
The phased reopening keeps withdrawals offline until security checks are complete, while Mandiant and SlowMist continue investigating the Sept. 24 incident.
The design could hide payment amounts and identities without a Bitcoin protocol change, but deposits, withdrawals and key security questions remain unresolved.
Sygnum’s off-exchange custody can separate eligible institutional collateral from Bitget wallets, but it does not remove reliance on the exchange’s trading and settlement systems.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Kazakhstan Eyes Flare Gas to Power Bitcoin Mining" — read at /en-US/a/kazakhstan-eyes-flare-gas-to-power-bitcoin-mining.