Bitcoin miner profits drop as halving, power costs weigh — JPMorgan

The value of the tokens underpinning decentralized finance, or DeFi, protocols has again surpassed $1 billion.The milestone comes amid a spike in the proliferation of DeFi projects, with data aggregator DeFiMarketCap estimating 246 projects to be active.The combined capitalization had crashed below $1 billion amid the March crypto crash that sparked a liquidity crisis for…

Bitcoin (BTC) energy consumption is becoming rapidly more efficient, new data shows as hash rate continues to hit record highs.Record hash rate with less powerData from aggregator Statista accessed on Sept. 5 showed that despite more computing power being dedicated to Bitcoin mining, less electricity is required to fuel it. According to one chart, energy consumption…

Bitcoin (BTC) price has retaken $12,000 in a final push following several days of intense upwards price action.Bitcoin 7-day price chart. Source: Coin360Bitcoin bulls reverse multi-week downturnData from Coin360 showed BTC/USD hitting $12,142 on Aug. 6, bringing its weekly gains to over 25%. The pair is now trading at its highest since July 11, and comes…

There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about.An anonymous source contacted this Cointelegraph reporter, asking to be put in touch with Tron to collect the company’s $1 million bounty for identifying the people responsible for last week’s Twitter hack. Cointelegraph extended the courtesy of connecting…

After three months of consecutive growth, centralized exchange trading volumes fell to their lowest this year in April. 114 Total views 1 Total shares Own this piece of history Collect this article as an NFTCentralized crypto exchanges have seen a dip in trading volumes in April for the first time in three months as digital…

Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively. The slump in traditional markets…

Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex. Crypto investment firm Paradigm’s Special Counsel Rodrigo Seira has become the latest to slam the United States securities regulator, this time for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.In a July 11…

Dutch crypto derivatives exchange Deribit launched a block trading solution in partnership with American trading communication platform Paradigm.World’s first block trading tool for crypto derivativesThe institutional block trading solution is reportedly the first one of its kind offered by a crypto-derivatives exchange, the firms said in a press release shared with Cointelegraph on Aug. 22.The…

Fantom’s FTM asset has been one of the top trending tokens of the week, and it barely noticed Bitcoin’s (BTC) midweek swoon that halted many altcoin rallies. Despite Bitcoin’s price dropping below $43,000, FTM has added 114% in U.S. dollar terms and 127% in its BTC pair over the last seven days. FTM’s monthly stats look…