In the second quarter of 2024, Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, which marked a 16% decline quarter-over-quarter. This decrease was primarily attributed to the reduction in block rewards as a result of the BTC halving event that occurred on April 19, 2024. Additionally, Bitfarms reported a net loss
Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with an impressive overall score of 570.1. This places ICP as the second-largest in the Artificial Intelligence (AI) realm, boasting a market capitalization of nearly $3.5 billion. Despite experiencing a bull run in March that saw its price soar to nearly
Over the weekend, Bitcoin’s price stabilized at just over $61,000 after a tumultuous week. The cryptocurrency experienced a significant drop from $66,000 to $49,500, its lowest in six months, before bouncing back to nearly $63,000. However, the rally was short-lived as Bitcoin retraced slightly, but it has managed to hold above $61,000 in the past
CoinShares, a leading European investment company, has reported impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023, reaching £22.5 million ($28.5 million). This represents a significant growth of 110% year-over-year from £10.7 million ($13.5 million) in Q2 2023. The substantial increase in
Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Bitcoin had rallied to as high as $62,000 after recovering from its price crash below $50,000 on August
The crypto exchange Gemini co-founder, Tyler Winklevoss, recently made headlines with his scathing remarks about the Vice President Kamala Harris’ crypto stance reset. In a social media post, Winklevoss labeled Harris’ actions as a “scam” following the Federal Reserve’s crackdown on a crypto-friendly bank. This bold accusation raises significant questions about the motives and implications
The past week has been a rollercoaster ride for Bitcoin and Ethereum ETFs, with significant inflows and outflows impacting the market. The week began with high volatility, leading to a negative note for spot Bitcoin ETFs as nearly $240 million left the market. The trend continued as $168.4 million was withdrawn from the ETFs, with
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, known for his expertise in unraveling the complexities of blockchains and digital assets. With a background in journalism and content creation, Semilore has dedicated himself to educating and informing his audience about the rapidly evolving world of cryptocurrency. Starting his career by writing
During a Berkshire shareholder meeting in the late 1990s, Charlie Munger famously stated, “The first $100,000 is a b—, but you gotta do it.” This blunt advice emphasizes the importance of achieving significant financial milestones, no matter the sacrifices required. Munger’s advice resonates with individuals striving to reach the $100,000 mark in various aspects of
Celsius, a crypto lender that recently emerged from bankruptcy, has taken legal action against stablecoin issuer Tether. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York, accuses Tether of improperly liquidating over $800 million worth of BTC collateral during a market downturn in mid-2022. According to Celsius, Tether breached
