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Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to RecoverLast week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over the past three days, the hashrate has bounced back, rising by 11 EH/s from its […]

Two California Men Charged by Feds in Alleged $22,000,000 NFT Investment Scheme

Two California Men Charged by Feds in Alleged $22,000,000 NFT Investment Scheme

Two California Men Charged by Feds in Alleged ,000,000 NFT Investment Scheme

The U.S. Department of Justice (DOJ) is charging two California men for allegedly masterminding a multimillion-dollar non-fungible token (NFT) investment scam. In a new press release, the DOJ says it’s charging 23-year-olds Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks with conspiracy and wire fraud charges after they were accused of pulling […]

The post Two California Men Charged by Feds in Alleged $22,000,000 NFT Investment Scheme appeared first on The Daily Hodl.

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

HBAR and AAVE Lead Top Altcoin Gainers, Vote-to-Earn Crypto Flockerz Could Rally Next

HBAR and AAVE Lead Top Altcoin Gainers, Vote-to-Earn Crypto Flockerz Could Rally NextThe crypto market has been indecisive over the past few days, but a few altcoins are now making moves. HBAR and AAVE are rallying, posting double-digit gains that have caught everyone’s attention. This has traders wondering which coin could be next to take off. Another coin generating a lot of excitement is Flockerz – which […]

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

Bitcoin (BTC) May Be Due for Significant Correction As Technical Indicators Overextend: Benjamin Cowen

Bitcoin (BTC) May Be Due for Significant Correction As Technical Indicators Overextend: Benjamin Cowen

A widely followed crypto analyst is warning that Bitcoin (BTC) may suddenly undergo a massive correction. In a new strategy session, Benjamin Cowen tells his 850,000 YouTube subscribers that the extension from the 20-week simple moving average (SMA) is flashing bearishness for Bitcoin. “If you look at the short-term bubble risk, which is also just […]

The post Bitcoin (BTC) May Be Due for Significant Correction As Technical Indicators Overextend: Benjamin Cowen appeared first on The Daily Hodl.

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over $574,000,000

El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over 4,000,000

The government of El Salvador raised its daily Bitcoin (BTC) purchase by elevenfold on two separate days in the past week. The Central American country started buying one BTC every day in November 2022, shortly after the crypto exchange FTX imploded. Last Friday, however, El Salvador purchased more than 11 BTC worth $1.07 million, and […]

The post El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over $574,000,000 appeared first on The Daily Hodl.

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange

FBI and Other Federal Agencies Identify Hacker Behind 8,000,000 Hack of DMM Crypto Exchange

North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japan’s National Police Agency and the Department of Defense Cyber Crime Center identified the North Korean group known as “TraderTraitor” as responsible for the theft of 4,502.9 Bitcoin, according to a new […]

The post FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange appeared first on The Daily Hodl.

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

Bitcoin Supply Reaches 19.8 Million Mark, Nearing Maximum Limit

Bitcoin Supply Reaches 19.8 Million Mark, Nearing Maximum LimitData reveals that Bitcoin’s total circulating supply has surpassed the 19.8 million mark, a notable milestone as the cryptocurrency edges closer to its maximum supply cap of 21 million. 19.8 Million Bitcoin Mined, Less Than 1.2 Million Left Bitcoin’s supply mechanism has always been one of its defining features, with its capped issuance ensuring scarcity. […]

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

Lobby Representing JPMorgan, Goldman Sachs and Others Sue Federal Reserve Alleging ‘Stress Tests’ Violate Law

Lobby Representing JPMorgan, Goldman Sachs and Others Sue Federal Reserve Alleging ‘Stress Tests’ Violate Law

The Federal Reserve is being sued by several groups representing America’s biggest banks on allegations that the Fed’s annual capital “stress tests” violate US law. Groups including the Bank Policy Institute, the Ohio Bankers League, the Ohio Chamber of Commerce, the U.S. Chamber of Commerce and the American Bank Association (ABA) have filed a joint […]

The post Lobby Representing JPMorgan, Goldman Sachs and Others Sue Federal Reserve Alleging ‘Stress Tests’ Violate Law appeared first on The Daily Hodl.

Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

Many mining stocks are on track to close the year in the red, even with Bitcoin’s gains in 2024.

Bitcoin (BTC) is posting a 113% return in 2024 as of Dec. 24, yet most miners’ stocks have struggled to capitalize on the cryptocurrency’s gains, closing the year in the red.

According to data from the Hashrate Index and Google Finance, the majority of publicly listed miners are ending 2024 on the negative side of the charts, with declines as high as 84%.

Among the 25 listed miners in the Index, only seven companies are delivering gains for investors year-to-date. At the time of this writing, Bitdeer (BTDR) is soaring 167%, Cipher (CIFR) is gaining 33%, Hut 8 (HUT) is jumping 91%, Iris Energy (IREN) is rising 72%, Northern Data (NB2) is up 58%, Core Scientific (CORZQ) is climbing 327%, and TeraWulf (WULF) is at 169%.

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Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover