Fractal Bitcoin: good or bad for mining revenues?
August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.
Related Posts
Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program
The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools. 2484 Total views 6 Total shares Decentralized finance (DeFi) liquidity hub Kyber Network (KNC) is set to become the next DeFi protocol to enter the expanding Polygon (MATIC) ecosystem.In a statement issued on Wednesday, Kyber announced…
Rate hikes, CPI and war in Europe — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine.As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up.A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly looking for…
Hut8 Mining operates as U.S.-domiciled entity following USBTC merger
Amid the delisting and relisting process, Hut8 shareholders received 1 New Hut common stock for every Hut 8 share held, an official announcement confirmed. 131 Total views 1 Total shares Crypto mining companies Hut 8 Mining Corp. and US Bitcoin Corp (USBTC) have combined operations in an all-stock merger of equals to form a new
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees. 331 Total views 2 Total shares The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be…
Bitcoin, Tesla and avocados: millennial traders are saying ‘OK boomer’
Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (TSLA) surged from $330.21 to $449.76, by 36.2%.Millennials love TSLA stock and BitcoinTesla stock and the Bitcoin price have seen an uncanny correlation in recent weeks. The correlation might come from the similarities between…
Peruvian stablecoin launches on Stellar blockchain
Anclap expects to launch two more Stellar-based stablecoins for Chile and Colombia later this year. 775 Total views 24 Total shares Latin American stablecoin issuer Anclap is expanding its Stellar-based stablecoin network by launching a new stablecoin in Peru, Cointelegraph en Español reports.Pegged to Peru’s official fiat currency, the Peruvian sol (PEN), the new stablecoin is designed…
‘Sidequests,’ sponsorships, and e-sports as DeFi protocols ponder user acquisition
One of the most intractable problems in DeFi may be facing a ecosystem-wide effort as a growing number of protocols are beginning to get creative with their advertising and outreach efforts. Automated market maker Uniswap announced today a collaboration with esports group Team Secret. Funded by the Uniswap Grants Program, Uniswap will become an official sponsor…
Tron is building a gas-free stablecoin solution for Tron, Ethereum chains
Tron’s founder Jusin Sun believes gas-free stablecoins could take corporate adoption of blockchain to a new level.