Bitcoin miners record lowest daily revenue of 2024
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.
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Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’
Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time.After Bitcoin (BTC) attempted another recovery yesterday to break above $7,500, the biggest cryptocurrency has dipped below the $7,200 threshold again today.Among the few coins that report some green…
Going cashless: Norway’s digital currency project raises privacy questions
The small Nordic country of Norway may not be particularly notable on the global crypto map. With its 22 blockchain solution providers, the nation doesn’t stand out even at the regional level. However, as the race to test and implement central bank digital currencies (CBDCs) accelerates every day, the Scandinavian nation is taking an active stance…
ETH once pumped 6x after a big Ethereum Foundation sale — Arkham
In 2020, the Ethereum Foundation sold 100,000 ETH, and the price surged over 500% in the months that followed — there’s no telling what will happen this time.
Vitalik Buterin donates over $500K in animal-themed coins to charity
Vitalik Buterin urged the community to send the memecoin token funds they want to send him directly to charities.
More than $100M worth of NFTs stolen since 2021 — Elliptic
The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole an estimated 4,647 of the tokens in July 2022. 187 Total views 6 Total shares Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or…
VCs back Balancer with $24.25M investment
Investors are backing the Balancer protocol with greater conviction. Could this be a sign that market hype surrounding DeFi is ramping up again? 427 Total views 3 Total shares The capital raise was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founder of DeFi protocol Synthetix. The…
Crypto makes up 70% of South Korea’s reported overseas assets: Tax agency
1,432 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets. 162 Total views 3 Total shares Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization.South Korea’s National Tax
UK inflation rate hits 10.1%, British Bitcoin community responds
The British Bitcoin community wades in on the latest inflation print, which once again hit the double digits in the United Kingdom. 356 Total views 2 Total shares Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices…