Bitcoin mining expenses surge 168% amid capacity growth
BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.
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‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week
Bitcoin (BTC) sees a volatile start to a new week and a new month after its first ever monthly close above $60,000 — what’s next?After a highly anticipated end to “Uptober,” bulls are looking to November to provide the next phase of what they hope — and sometimes promise — will be a BTC price…

Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long
Nowadays, it seems everyone is bearish on Ethereum and its Ether token (ETH) except for Placeholder VC partner Chris Burniske, who, earlier this week, made the case for why he believes ETH/USD is a great long-term investment. According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its use…

FTX investors end lawsuit targeting Sullivan & Cromwell
The Moskowitz Law Firm, the lead plaintiffs’ counsel, said that it had dismissed Sullivan & Cromwell voluntarily and that no settlement was associated with the dismissal.

Bitcoin FUD and negative social sentiment typically precede a bounce
Social media sentiment for Bitcoin has slumped to two year lows which is good for those wanting to go against the crowd. On-chain analytics provider Santiment asserts that Bitcoin and crypto assets tend to bounce when social sentiment indicates there is a lot of fear, uncertainty and doubt, which suggests that now is a buying…

Spatial digital art exhibitions to level up metaverse experiences
Art curators are “unframing” contemporary art to create interactive experiences for metaverse goers that more closely emulate IRL experiences. 175 Total views 49 Total shares In Decentraland’s third annual Metaverse Art Week held on Aug. 24–28, curators turned to new ways to utilize digital space to bring more interactive and true-to-life experiences of art. The metaverse…

Crypto, Fiat Firms Discuss Cryptocurrency Legitimation in Closed-Door Nasdaq Meeting
A closed-door meeting was held by Nasdaq Inc. this week to discuss steps for legitimizing the crypto industry in global markets, Bloomberg reports today, July 27. Around half a dozen representatives from both traditional finance and the crypto industry firms –– among them reportedly the Winklevoss twins’ Gemini –– held a closed meeting in Chicago…

Ex-FTX CEO moved to transit facility after interview
Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson. 236 Total views 2 Total shares Officials with the Federal Bureau of Prisons have moved former FTX CEO Sam “SBF” Bankman-Fried to a transit facility days after right-wing political commentator Tucker Carlson interviewed him. As

SEC files appeal in Ripple lawsuit
The Securities and Exchange Commission first filed the lawsuit against Ripple Labs and both its founders in December 2020.