Senator Cynthia Lummis of Wyoming has introduced a groundbreaking bill known as the Bitcoin Act. This bill proposes the addition of 1 million BTC, valued at approximately $64 billion, to the U.S. government holdings over a period of five years. Senator Lummis has likened this move to the historic Louisiana Purchase, emphasizing the significance of
In the latest financial report, Riot Platforms revealed a staggering net loss of $84.4 million in the second quarter of this year, a significant increase from the $27.4 million loss recorded in the same period last year. These widened losses can be attributed to the ongoing effects of April’s Bitcoin halving, which has had a
Opeyemi is a writer who has ventured into the world of cryptocurrency and blockchain technology with great enthusiasm. Despite not originally intending to be part of the digital asset industry, he has found himself deeply engrossed in it for the past two years. Opeyemi takes pleasure in creating insightful pieces that help to demystify the
In July, the total stablecoin market capitalization experienced a 2.11% growth, reaching an impressive $164 billion. This steady increase marks a ten-month consecutive ascent for major stablecoins, with their market dominance now standing at 6.93%. Tether, the largest stablecoin by market cap, saw a substantial 1.61% increase to $116 billion, setting a new all-time high.
Marathon Digital (MARA) recently released its second-quarter revenue report, which failed to meet Wall Street’s expectations. The company reported revenue of $145.1 million, missing the forecast of $157.9 million by approximately 9%. This revenue miss was attributed to various operational challenges, including unexpected equipment failures, transmission line maintenance at its Ellendale site, an increased global
Bitcoin, the pioneer cryptocurrency, is currently facing a crucial support level at $63,000. A crypto analyst, DonAlt, has warned that if Bitcoin fails to hold this support level, it could potentially crash to new lows, hovering around $42,000. DonAlt emphasized the importance of Bitcoin maintaining its price above the $63,000 mark. He pointed out that
Telegram, a popular social messaging platform, has recently launched a new in-app browser with built-in Web3 capabilities for its massive user base of nearly a billion people worldwide. This innovative feature aims to seamlessly integrate communication and news consumption by allowing users to easily switch between websites and messaging services within the Telegram app. The
Semilore Faleti is a well-known cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a keen eye for detail and a passion for unraveling the complexities of blockchain technology and cryptocurrency, Semilore has established himself as a trusted voice in the industry. Starting out by covering
The cryptocurrency market witnessed significant volatility this past week, with BTC experiencing a drastic drop of ten thousand dollars from Monday to Sunday morning. While there were various factors at play, many of them seemed to be closely tied to events in the United States. The week began on a positive note, with Bitcoin’s price
Over the past few hours, Bitcoin has experienced a significant price drop, falling below the $60,000 mark for the first time in several weeks. This sudden decline has sent shockwaves throughout the cryptocurrency market, with altcoins also suffering losses in response to the crash. Ethereum, for example, has dropped below $2,900, while other popular assets
