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
In order to finish tasks on time and launch Shibarium—a revolutionary layer-2 blockchain—as soon as possible, the Shiba Inu team is working tirelessly. After meeting with principal Shiba Inu creator Shytoshi Kusama, Lucie, the marketing lead for the Shibarium ecosystem, disclosed this strategy plan. The commentator reaffirmed the team’s commitment to make the Shibarium network … Read more
Four main arguments for purchasing bitcoin have been put up by Mexican millionaire Ricardo Salinas: diversity, long-term growth potential, and defense against inflation and currency depreciation. In addition, he gave the following advice: “You have to know how to invest and be patient; don’t get excited when the market rises and sell, and don’t get … Read more
A research on money laundering trends by Chainalysis states that in 2023, the value of cryptocurrency transmitted by unlawful addresses dropped from $31.5 billion to a minimum of $22 billion, a decrease of nearly $10 billion. The reduction is attributed by the research to the general decline in the numbers of cryptocurrency transactions, both legal … Read more
The smartphone division of Solana Labs, Solana Mobile, handled more than $20 million in transactions in collaboration with Shopify and USDC, the second-biggest stablecoin based on the dollar. According to Solana Labs co-founder Anatoly Yakovenko, 51% of Chapter 2’s payments were made with USDC and there were no additional processing fees. With no processing fees, … Read more
Before making a small retreat, Shiba Inu gained 8%. The SHIB community is still holding out hope that the cryptocurrency may remove the zero from its decimal, something that was last accomplished in December. The SHIB burn rate has become negative at -38%, although the number of active and new addresses has increased over the … Read more
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has described the “very real economic difference” between fiat currencies like the dollar and cryptocurrencies like bitcoin. The head of the SEC pointed out, “You have a whole central bank, and support for one currency, generally per economic region,” noting that bitcoin doesn’t … Read more
As of this writing, the cryptocurrency market is worth $1.93 trillion, of which $1 trillion is attributed to bitcoin alone. There has been a 5.3% increase in Ethereum and a 4.2% increase in Bitcoin. A few cryptocurrency assets, however, have seen even bigger increases in value relative to the US dollar. In the past day, … Read more
XRP is one of the most well-known cryptocurrency projects available, having been introduced in 2012. Over the course of its more than ten-year existence, XRP’s price has risen by more than +9,015%, placing the well-liked remittance payments solution among the largest cryptocurrency projects by market value. The strong price increase raises the possibility of more … Read more