Bitcoin price keeps falling under $60K — Here is why

The two-year-old layer-1 blockchain is teaming up with the digital assets financial services provider to create new infrastructure options.

Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.” 265 Total views 22 Total shares Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase…

Despite partial crypto bans, the Chinese Government has included blockchain technology in official state development policy. Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTOn Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled "2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms…

Colony, an early Ethereum project aimed at building decentralized governance tooling, announced today that it is preparing for a relaunch that’s been five years, multiple missteps, and a few half-starts in the making.If successful, however, the new app could be a boon for the dozens of decentralized finance (DeFi) protocols currently struggling with the clumsy…

The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found. 227 Total views 18 Total shares The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC), the independent United States government body that provides deposit insurance to

According to Yuri Group, the Yamakoshi village’s experimental NFT strategy could attract attention from other nations facing declining birth rates.

A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close.Eerily accurate Bitcoin bottom punditAs of Sept. 22, approximately 30% of Bitcoin's LTHs were facing losses due to BTC's decline from $69,000 in November 2021 to around $19,000…

Armstrong was selling shares under a plan set up in August that sometimes made him money and other times not; the June 5 sale was still good timing. 470 Total views 3 Total shares Coinbase CEO and co-founder Brian Armstrong sold company shares the day before the United States Securities and Exchange Commission (SEC) filed…

Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust. According to Bloomberg, a Dec. 6 complaint was filed against Grayscale at the Delaware Court of Chancery and seeks to have Grayscale lower its fees, start redemptions…