Bitcoin (BTC) Hashrate Hits New High but Profitability on Decline
In 2023, the Bitcoin hashrate has surged by a staggering 130% which shows growing competition and reduced profitability for miners.
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In 2023, the Bitcoin hashrate has surged by a staggering 130% which shows growing competition and reduced profitability for miners.
The timing aligns perfectly in 2024 for a spot ETF approval to have already attracted significant investment, and then the halving decreases Bitcoin’s supply right when demand shoots higher.
Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry.
According to analysts at Bitfinex, crypto is undoubtedly gaining more traction globally. Moreover, considering the current state of the crypto market, especially with asset prices, it appears that even more global acceptance is on the way for crypto.
Following a spike in demand, Solana has canceled some orders of Saga mobile phones due to shortages. Demand rose due to the free 30 million BONK tokens that come with the phone.
In a strategic move to propel the growth and adoption of Polkadot (DOT), Parity Technologies, the driving force behind the innovative blockchain, made three key appointments to its leadership team on November 25.
Following the devaluation of its local currency and years of inflation, Argentina now legally recognizes contracts that stipulate Bitcoin as its currency of choice.
The legislative overhaul attracts the philanthropic foreigners keen on contributing to the economic, social, and cultural development of El Salvador through Bitcoin donations.
During the recent rapid surge in Solana’s value, significant players appear to have been offloading their holdings.
Coinbase has officially received a license in France and can offer French users trading, custody, and several other related crypto services.
Anyone with the will and the technical ability is free to run their own Ethereum validator and connect to SSV.
The partnership between Framework Ventures and Merit Circle will involve locking up BEAM tokens to receive USDC usable for investments.
In addition to the expected surge in crypto-related probes, the survey uncovered a noteworthy trend in the adoption of blockchain analytics tools.
A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year.
The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry.