In the crypto universe, bitcoin’s quest to hit $ 100,000 feels like reaching the climactic level in a video game—an epic showdown that embodies years of persistence, strategy, and transformation. The $ 100K Milestone: A Historic Moment in Free Market Economics When bitcoin (BTC) crosses the $ 100,000 mark in U.S. dollars, …
Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $ 6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing. Core Scientific’s Denton Campus to Host $ 6.1 Billion AI Project Core Scientific’s (Nasdaq: CORZ) revised …
Canaan Inc., a publicly listed manufacturer of bitcoin (BTC) mining hardware and blockchain infrastructure provider, has shared plans to broaden its self-mining footprint in North America. Publicly Listed Bitcoin Miner Canaan Bolsters U.S. Presence The announcement published on Wednesday says Canaan (Nasdaq: CAN) aims to reach a computing capacity of 10 exahash per second (EH/s) […]
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […]
On Nov. 14, 2024, a mysterious mega whale, tracked by our newsdesk since 2020, splashed back onto the scene by shifting an impressive 40 block rewards from 2010—a total of 2,000 BTC. This rare transaction, the first of its kind in well over a decade, has onchain watchers buzzing as this major holder once again […]
With bitcoin sitting comfortably at all-time highs, Satoshi Nakamoto, the elusive creator of the blockchain, now ranks between the 17th and 18th wealthiest entities worldwide, according to the Forbes Real-Time Billionaires List. Bitcoin’s Skyrocketing Value Catapults Creator Into the Top 20 Billionaire Ranks In the last 24 hours, Satoshi Nakamoto’s estimated 1.1 million bitcoins have […]
Singapore-based cloud mining service Bitfufu has obtained a $ 100 million credit line from Antpool Technologies, intended to reinforce its bitcoin holdings. Antpool Backs Bitfufu With $ 100 Million Credit Agreement In a move reflecting Bitfufu‘s ambitious growth goals, the cryptocurrency mining company entered into a two-year Master Loan Agreement (MLA) with Antpool …
On Sunday, bitcoin hit a fresh all-time high, sparking a wave of price predictions across social media for what the currency might reach by the end of 2024. With bitcoin currently trading in the $ 80,000 range, many enthusiasts are setting their sights on a potential $ 100,000 by Dec. 31. Crypto Enthusiasts …
The Kenyan government collected $ 77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $ 465 Million in Crypto Taxes The Kenyan government collected $ 77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year, Anthony Mwaura, head of the Kenya Revenue …
Market optimism over an expected Federal Reserve rate cut is eclipsing election worries, with investors betting that reduced borrowing costs will bolster economic growth. Election Worries Sidestepped as Markets Bank on Fed’s Economic Lifeline, Green Says Concerns over the U.S. presidential election are being overshadowed by optimism about a likely interest rate cut from the […]
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use of stablecoins for making remittances and how this might drive retail users away from regulated exchanges. Latam […]
Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining’s October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was valued at $ 54.52 per PH/s, the highest hashprice in 30 days. As of today, however, the …
From Oct. 1 to Oct. 31, 2024, a total of 1,970.401 BTC was spent from vintage wallets originally created between 2010 and 2017, according to the latest metrics. Dormant Bitcoin Wallets Show Restraint In September, long-quiet bitcoin wallets suddenly woke up, releasing 4,066.81 BTC back into the crypto stream. While bitcoin (BTC) prices rose by […]
PRESS RELEASE. Since its inception, Merlin Chain has adeptly leveraged its technical strengths and flexible strategies to foster innovation within the Bitcoin ecosystem. With a robust community foundation spanning areas such as BRC-20, BRC-420, Blue Box, and Bitmap Game, Merlin is evolving from a Bitcoin sidechain to a ZK Layer 2 solution, unlocking significant potential […]
Tether’s third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether’s Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest attestation, Tether Holdings Limited reports a third-quarter net profit of $ 2.5 billion, pushing its nine-month consolidated profit to $ 7.7 …