Cryptocurrency miners have received letters from the U.S. Energy Department’s statistics arm, the U.S. Energy Information Administration (EIA), requesting information about their mining sites’ layout and energy usage. One of the letters shared on social media states that miners have until February 23 to disclose any information on the activities that took place in January. … Read more
The value of bitcoin was between $51,850 and $52,350 on Friday, February 16, 2024. Onchain insights from Arkham Intelligence revealed that the massive Nasdaq-listed cryptocurrency exchange, Coinbase, currently has over 1 million bitcoin. With today’s market pricing, the wealth acquired by the San Francisco-based company is estimated to be slightly more than $52 billion. With … Read more
Lucas Nuzzi, Kyle Waters, and Matias Andrade have published a paper on the Social Science Research Network (SSRN) that presents a new method for determining the Total Cost to Attack (TCA) of Ethereum and Bitcoin. The thorough investigation challenges preconceived notions about blockchain vulnerability by illuminating the financial obstacles to 51% attacks. Exposing the Cost … Read more
On February 14, 2024, the price trajectory of Bitcoin demonstrates a strong positive trend, with the cryptocurrency hitting a 24-hour high of $51,814. The digital asset has increased significantly in the middle of a consolidating market; it has increased by 21% over the last month and by 3% today. Bitcoin After hitting intraday highs, the … Read more
Michael Saylor, executive chairman of Microstrategy, has provided an explanation of why bitcoin has emerged as “the world’s most popular investment asset.” He pointed out that the cryptocurrency has “found its footing and now people are beginning to realize that there’s 10 times as much demand for bitcoin coming in through these ETFs as there … Read more
Peter Schiff, an economist and gold bug, has cautioned that the current spike in the price of bitcoin appears to be “another classic pump-and-dump.” He voiced his doubts, saying, “I wonder when the massacre will begin,” despite the notable excitement surrounding the new spot bitcoin exchange-traded funds (ETFs). On the “Pump and Dump” of Bitcoin, … Read more
Hedging-as-a-service, a tool developed by the cryptocurrency platform Umoja to protect customers against cryptocurrency losses, debuted in beta form on Tuesday. Umoja’s goal is to improve the security and usability of cryptocurrency investments, creating chances for hedging in a $500 trillion industry. Umoja Launches A Platform for Beta Hedging The beta release of Umoja’s hedging-as-a-service … Read more
Sometime in the second half of 2023, the billionaire Peter Thiel’s venture capital (VC) firm Founders Fund is said to have purchased bitcoin and ethereum for $200 million. According to reports, the venture capital firm started buying bitcoin when its value was less than $30,000. New Interest in Crypto from Founders Fund Bitcoin (BTC) and … Read more
Shares of publicly traded mining businesses have increased significantly in tandem with the spike in bitcoin and the larger crypto market. According to data, the value of many of these companies’ equities has increased by double digits against the US dollar during the past five days. Major Increase for Mining Companies That Are Publicly Traded … Read more
21 bitcoin miners, the majority of them are Chinese, are said to have inked power supply deals with the Ethiopian state electrical provider. It appears that the African nation’s desire for foreign cash has trumped the issues frequently brought up by proponents of climate change. Ethiopia is about to become China’s Favorite Location for Bitcoin … Read more