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Ad Bitcoin’s (BTC) hashprice has significantly plummeted in recent weeks, dropping to its early January levels — a potential sign that the mining bull run might be over. Hashprice measures the market value for each unit of hashing power. BTC’s price determines Hashprice’s value alongside the network difficulty and transaction fees. With BTC’s network difficulty […]
Our weekly roundup of news from East Asia curates the industry’s most important developments. South Korea invests another $51M in metaverse tech South Korea’s plans for metaverse domination are gathering pace. A Mar. 8 document prepared by the Ministry of Science and Information and Communication Technology (ICT), the National IT Industry Promotion Agency, and the […]
U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper. The budget specifically proposes imposing a “digital asset mining energy excise tax” in one line of its summary tables. The addition is projected to decrease the country’s deficit by $74 million in 2024, $1.38 […]
Ad Bitcoin (BTC) mining firm Hut 8’s financial statements for 2022 showed that the miner earned less revenue despite its higher productivity levels, according to a March 9 statement. According to Yahoo Finance data, the miner’s shares declined 8.78% to $1.35 after the announcement. Bitcoin production increased by 28% Hut 8’s BTC production rose 28% […]
Clara Bullrich must have cloned herself or possibly invoked dark forces that shouldn’t be meddled with. Somehow, she’s managed to cram about four careers into one life. Her main gig is leading her own financial entity, AlTi, managing a whopping investment fund, which grew to $54 billion under management following a recent merger. That’s a […]
Pro-XRP lawyer John Deaton says he “wouldn’t be surprised” if there’s a summary judgment decision on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple in the coming days or weeks. Deaton says in a new interview with Fox Business that he doesn’t think the case will end well for the SEC. “I think […]
Crypto whales are moving Bitcoin (BTC), Ethereum (ETH) and two other digital assets worth hundreds of millions of dollars in multiple transactions. Starting with Bitcoin, blockchain-tracking platform Whale Alert says that deep-pocketed BTC investors have moved 25,820 BTC worth approximately $574 million. In two separate transactions, the Bitcoin was moved from Binance to unknown wallets […]
Silvergate Bank Company in North America Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, based in La Jolla, California. More about Silvergate Info Twitter LinkedIn
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.
Ad Miners that use sustainable energy sources accounted for 91.3% of Bitcoin (BTC) mining during the first two months of the year, according to data shared by Climate Tech Vice President Daniel Batten. Batten noted that Marathon Digital migrated around 300 Megawatts from thermal power to wind power in January, which made a significant contribution […]
