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Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars

Bitcoin.com
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
Bitcoin
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate SoarsBitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady: Bitcoin Hashrate Rises, Selling Pressure Decreases The latest onchain market activities report […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022

Bitcoin.com
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
Bitcoin
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor

Bitcoin.com
Bitcoin Miner Argo Blockchain Secures .3 Million From an Institutional Investor
Argo
Bitcoin Miner Argo Blockchain Secures .3 Million From an Institutional InvestorBitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8 […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns

Bitcoin.com
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns
Bitcoin (BTC)
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike ConcernsWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining activities, and Salvadoran basic goods’ prices reach record highs. US […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024

Bitcoin.com
190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024
ASIC miners
190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules per terahash (J/T). Microbt Reveals Cutting-Edge Whatsminer Rigs Microbt, the developer […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High

Bitcoin.com
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
Bitcoin
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 HighAccording to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate Breaks Records Bitcoin’s hashrate has reached new peaks […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud

Bitcoin.com
Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud
bitcoin.com
Georgia Man Sentenced to Prison for Cryptocurrency Computer FraudSteven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between August 2021 and April 2022, promising to deliver cryptocurrency mining […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

VanEck says Bitcoin could hit $2.9 million per coin by 2050

Coin Telegraph
VanEck says Bitcoin could hit .9 million per coin by 2050
Analysis

Bitcoin Layer-2s could be collectively worth around $7.6 trillion, the report added.

Investment manager VanEck foresees Bitcoin (BTC) potentially hitting $61 trillion in total market capitalization — or some $2.9 million per coin — in 2050 as a result of massive demand for the decentralized currency as collateral for trade settlement and a reserve for central banks, according to a July 24 report. 

“It is conceivable that by 2050 Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade,” VanEck said in the report. “This scenario would result in central banks holding 2.5% of their assets in BTC.”

VanEck adds that scaling solutions for Bitcoin’s blockchain network — Bitcoin Layer-2s — could collectively be worth approximately $7.6 trillion, or around 12% of BTC’s total value.

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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center

Bitcoin.com
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center
AI cloud computing
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data CenterIris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris Energy Expands Texas Operations On Wednesday, Iris Energy […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains

Bitcoin.com
Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains
Bitcoin mining
Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest RemainsSantiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to be consulted with the operators and that more companies in the industry are waiting to enter the […]
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Solana DEX volume hits record high: Is SOL price headed to 0?

Solana DEX volume hits record high: Is SOL price headed to $300?

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