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Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining report, with research led by James Butterfill, reveals that bitcoin mining costs are rising, reaching an estimated $49,500 per bitcoin (BTC) … Read more
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility. Go to Source
Bitwise’s chief investment officer predicts bitcoin could reach $200,000 without a U.S. dollar collapse, outlining a path for the cryptocurrency to surge toward unprecedented highs. Bitcoin’s Path to $200K: No Dollar Collapse Required The chief investment officer of asset management firm Bitwise, Matt Hougan, addressed bitcoin’s potential to reach a $200,000 valuation without a collapse … Read more
Bitmex founder Arthur Hayes predicts China’s aggressive monetary easing could spark a historic bitcoin rally, as yuan expansion indirectly fuels crypto demand. Bitcoin Boom Incoming? Arthur Hayes Weighs in on China’s QE Policies Arthur Hayes, Bitmex’s founder and former CEO, published a blog post on Monday projecting that China’s quantitative easing measures could trigger a … Read more
In a move billed as “historic,” a purported revelation of Satoshi Nakamoto’s identity is scheduled for a live press conference on Oct. 31, sparking debate and skepticism within the bitcoin community. Will the Real Satoshi Nakamoto Please Stand Up? Community Questions Latest Identity Claim Slated for White Paper Anniversary A recently announced press statement, distributed … Read more
A top financial officer of the U.S. state of Florida is advocating for state retirement funds to consider cryptocurrency investments, calling bitcoin a hedge against market volatility. US State Official Pushes Bitcoin as Hedge for Public Retirement Stability Chief Financial Officer and State Fire Marshal Jimmy Patronis, a statewide elected official and member of Florida’s … Read more
As bitcoin’s price nears its all-time high, the network’s hashrate is hitting impressive heights once again this year. Bitcoin’s Computational Power Climbs to New Highs—Will the Trend Continue? Following the trajectory of BTC’s rising value against a variety of fiat currencies, including the U.S. dollar, bitcoin’s network hashrate is soaring. At 11:30 a.m. Eastern Time … Read more
Bitcoin’s shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow? Go to Source
Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax. Go to Source
According to Reddit, the popular platform known for its forums and discussions, the company recently made a modest sale of bitcoin (BTC) and ethereum (ETH). Reddit Cashed out Its Crypto Right Before October’s Price Spike In a 10-Q SEC filing, Reddit disclosed the sale of these digital assets, which occurred before bitcoin saw its price … Read more
