Marathon, Riot record highest monthly BTC production since April halving
Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.
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Bitget reserves top $1.44B, claims to be debt free
The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report. 710 Total views 1 Total shares Cryptocurrency exchange Bitget says its total proof-of-reserves ratio has reached 223%. In a July 13 announcement, Bitget revealed that its total reserve currently stands at $1.44 billion spread across 31 different crypto assets. Reserve…
Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days
Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback?The recovery could face headwinds if the United States banking…
Fortune 500 Company Avnet Works With BitBay to Add Bitcoin, Bitcoin Cash Payment Option
Avnet, Inc, one of the world's largest distributors of electronic components and technology solutions providers, has announced a collaboration with crypto payment processor BitPay to accept cryptocurrency for the company’s services and products. The development was disclosed in an official press release published on March 19.Avnet, Inc., which has been listed on Fortune 500 for…
XRP price drops 13% since Flare Network airdrop — But the bottom may be close
XRP is another cryptocurrency that has been doing well alongside Bitcoin (BTC) in the past few months. However, its price has been slumping lately, dropping below $0.50 on Dec. 14, or down nearly 15% over the past two days. On higher time frames, the price of XRP broke upward from $0.20 in the summer, reaching a temporary top…
Solana battles Cardano for the top-five spot as SOL market cap crosses $70B-mark
Solana's (SOL) autumn rally continued on Nov. 3 with its price and market cap hitting a new record high.SOL surged by 7% in the past 24 hours to $236, pushing its market capitalization to over $70 billion for the first time in history. As the token wobbled near its record high levels, it flipped Cardano…
Lido DAO: Ethereum’s biggest ‘Merge’ staker soars 400% in July — but technicals flash warning
Lido DAO (LDO) price has skyrocketed by roughly 400% month-to-date to reach $2.22 on July 28, its highest level in over two months.LDO MergifiedLDO price has benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked (TVL) and market capitalization. Notably, LDO serves as a governance token inside the Lido…
Montana Crypto Mine Back in Action Despite Owner’s Uncertain Legal Fate
A cryptocurrency mine in Butte Montana fired up its servers today, resuming business without its former owner, an alleged fraudster. After a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish started up crypto mining business CryptoWatt once again, pulling the operation out of retirement, according to a Jan. 27 press release. Authorities closed…
FedNow Service has no relation with CBDCs, Federal Reserve clarifies
The Federal Reserve certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test the system before its launch by the end of July 2023. 1164 Total views 2 Total shares The United States Federal Reserve clarified that its new service for…