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CoinspeakerIndividual Bitcoin Miner Solves Complete Block as Hashrate Attempts to Recover Post Halving Event Bitcoin mining profitability could drop further in the coming weeks as bearish sentiment grips the crypto industry. Individual Bitcoin Miner Solves Complete Block as Hashrate Attempts to Recover Post Halving Event

Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year. In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are optimistic about BTC price potential to surge beyond $100,000 this year. Investors in the crypto space believe that the approval of a Bitcoin ETF is...

Several companies are anticipating the changes expected from the Bitcoin halving next year and have pumped in more mining investments. The Bitcoin mining industry has consistently picked up steam over the last few months. According to a report from Bitcoin mining consultancy and PR firm BlocksBridge Consulting, Bitcoin miner investment commitments have crossed $1.2 billion year-to-date. In its Miner Weekly report, BlocksBridge Consulting notes that since the year began, twelve public...

As a Democratic-affiliated SEC Commissioner, Gary Gensler has shifted his regulatory role to a politician seeking to be appointed as Treasury Secretary according to some Congressmen. The nomination of the 33rd Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler on April 17, 2021, was viewed as a huge relief in the crypto space. Nearly three years later, the former Goldman Sachs Investment banker has turned against the crypto in what seems like pleasing the...

The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a result of the Financial Accounting Standards Board (FASB) approving new guidelines. Berenberg, a respected investment bank, has...

The Bitcoin Tower will be a center that will host blockchain conferences and also promote AI and cryptocurrency initiatives. The upcoming COP28 Summit scheduled for Dubai has inspired the construction of a Bitcoin Tower, a Bitcoin-shaped and Bitcoin-themed hotel in the heart of the United Arab Emirates city. 40-story Monument to Bitcoin The Bitcoin Tower will be a 40-story architectural monument that will represent the values that Bitcoin has bestowed on mankind. A May 21 release by...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...

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