Mining

Bitcoin miners are reporting dropping revenues across the board due to the halving event that occurred in April. Now that it has been over a month since Bitcoin halving, miners are expectedly receiving lesser rewards from the Bitcoin network, compared to what they earned over the previous four years. Halving on the Bitcoin network happens once every four years or after every 210,000 blocks, cutting the block rewards miners receive for mining blocks by half. Four halvings have occurred so far...

Marathon Digital, the largest Bitcoin mining outfit, sold 63% of the 616 bitcoins mined in May, amounting to 390 bitcoins. Its balance sheets revealed $290.4 million worth of cash and cash equivalents by the end of the month. Marathon’s 616 bitcoins generated was a massive difference compared to other mining companies, as CleanSpark followed it with 417 bitcoins and Riot Platforms with 215 bitcoins. CleanSpark only sold 2.43 bitcoins and Riot none. The Bitcoin halving is pushing miners...

Riot shares experienced a recovery on June 5 following a report from short seller Kerrisdale Capital. The paper, released just before the Nasdaq opened, accused Riot of mismanagement and predicted the firm’s impending collapse, stating that Bitcoin miners are selling “snake oil.” Kerrisdale ‘Declares War’ on Bitcoin Miners Kerrisdale’s June 5 report said that RIOT was more proficient in “playing energy arbitrage games and issuing stock” than generating value for shareholders...

Friday’s NFP release will be a pivotal event in shaping market sentiment and determining the near-term trajectory of Bitcoin and other cryptocurrencies, according to Bitfinex analysts. In a statement to CryptoPotato, the macroeconomic dynamics, including the ECB’s rate cut and the potential for increased liquidity, add further complexity to the equation, making it crucial for market participants to closely monitor these developments and their potential impact on the crypto...

Connexus Crypto: Bitcoin-Wechselstube in Tiflis, Georgien. Vielleicht die bekannteste Crypto-Wechselstube, direkt beim Freedom-Platz in Tiflis. Georgien, ein Land an der Schnittstelle zwischen Europa und Asien, hat sich in den letzten Jahren zu einem interessanten Standort für Bitcoin-Mining und Kryptowährungen entwickelt. Mehrere Faktoren tragen zu dieser Entwicklung bei: Eine Bitcoin-ATM der Marke Lamassu an einer Tankstelle auf dem Lande in Georgien. Connexus Crypto:...

Bitcoin is already entering the latter part of its S-curve adoption cycle, leading to less volatility for the asset than old investors may be used to, according to Fidelity’s Director of Global Macro Jurrien Timmer. During an interview published on Tuesday, the macro analyst explained how he believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. Bitcoin’s Place Among Traditional Assets Timmer acknowledged that the recent...

The supply of bitcoin held by miners has dwindled to levels not seen in over 14 years. This massive decline in miner reserves comes at a time when the broader cryptocurrency market is witnessing a surge in institutional interest and growing mainstream adoption. Bitcoin Miner Reserves Hit 14-Year Low According to on-chain analysis firm CryptoQuant’s latest analysis, the last time miner reserves were this low, bitcoin was still in its infancy. Bitcoin creator Satoshi Nakamoto...

Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In an update on June 3rd, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the reasoning that it is “impossible to agree on a group of people perceived as credibly neutral by nearly everyone.” Matter Labs Drops “ZK” Trademark Effort Matter Labs had previously filed to trademark the term zero-knowledge...

Amid dynamic market shifts, the crypto landscape is teeming with excitement. Dogecoin is anticipated to soar to $1, driven by rising investor sentiment toward riskier assets, as outlined by crypto expert Kaleo. Concurrently, the legal tussle between Uniswap and the SEC stirs uncertainty in the DeFi community, affecting Uniswap’s market value. Amid these fluctuations, BlockDAG introduces significant updates, propelling its presale to a remarkable $37 million, courtesy of its refreshed user...

BlockDAG’s engaging Shibuya keynote has significantly resonated within the cryptocurrency community, drawing attention alongside the buzz around Ripple (XRP) price forecasts and tales of Dogecoin millionaires. As a standout investment in the presale arena, BlockDAG has demonstrated its market strength by selling over 6,700 miners and swiftly advancing through its presale phases, currently in its 16th batch. This article unpacks the keynote’s revelations, outlines methods to profit from...