Bitcoin miners are experiencing an increase in profitability and a recovery of their hashrate following the recent rally in the price of Bitcoin. As reported by CryptoQuant, the Bitcoin network’s hashrate has rebounded, with only a 3% drawdown from its all-time high compared to 8% in early July. This increase in hashrate is often associated
Bitcoin’s price recently experienced a significant drop following the breakdown of the $64K support level. This drop has positioned the cryptocurrency in a key area that could potentially determine the mid-term fate of the crypto market. The daily chart indicates a continuous drop in price since the creation of a double top pattern at the
Recent economic uncertainty in the United States has had a significant impact on the price of Bitcoin and altcoins. In the span of a few days, Bitcoin’s price plummeted to $60,500, marking its lowest point in almost three weeks. The altcoin market fared even worse, with assets like SOL, TON, and UNI experiencing drops of
Toronto-based Bitcoin mining company, Bitfarms, recently announced that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% year-over-year increase and a 7% rise month-over-month. The company reported that the average operational hash rate for the month stood at 10.3 EH/s, representing a 36% increase from
Satoshi Nakamoto, the mysterious creator of Bitcoin, has managed to keep their true identity under wraps for over a decade. Despite widespread speculation and numerous theories, the enigmatic figure behind the world’s most famous cryptocurrency remains elusive. From claims by individuals like software developer Craig Wright to accusations by Fox Television’s Tucker Carlson, the true
MicroStrategy, known for being the world’s largest public Bitcoin holder, recently revealed its plans to raise up to $2 billion through the sale of its class A shares. This move was outlined in a regulatory filing with the U.S. Securities and Exchange Commission on August 1st. The company did not provide a specific timeline for
In recent news, Futu Securities International has taken a significant step by offering retail cryptocurrency trading services in Hong Kong. This move aims to attract investors by providing opportunities to trade bitcoin and ether on their brokerage platform with both Hong Kong and US Dollars. Futu Securities International has collaborated with HashKey Exchange, one of
Cardano (ADA) has been making waves in the cryptocurrency market recently, particularly in terms of large transaction volume. The data from market intelligence platforms like IntoTheBlock and Santiment have shown that Cardano is experiencing a surge in activity, comparable to that of Ethereum. The large transaction volume recorded in the last 24 hours indicates a
In a recent interview, Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, shared his invaluable insights on the evolving landscape of digital assets regulation. His journey with Xapo Bank began in 2014 and has since then been marked by significant milestones and challenges in shaping regulatory frameworks for
Solana has seen a significant increase in decentralized exchange (DEX) volume, surpassing Ethereum in monthly transactions in July. With $55.8 billion in DEX transactions, Solana outpaced Ethereum’s $53.8 billion during the same period. This surge marks Solana’s second-highest monthly volume, with March 2024’s peak reaching $60.7 billion. The spike in Solana’s volume can be attributed
