Venezuela bans crypto mining to deal with energy crisis

Venezuela bans crypto mining to deal with energy crisis

The buzz is that the Venezuelan government is cracking down on power-hungry crypto-mining companies. According to AlbertoNews, the Ministry of Electric Power is ready to pull the plug on these energy-draining operations, which have been sapping the national power grid, SEN. The government’s ultimate goal is to balance energy usage and ensure a stable electricity … Read more

Bitcoin Wallet Innovator Exodus Set to Rock New York Stock Exchange with Public Debut

Bitcoin Wallet Innovator Exodus Set to Rock New York Stock Exchange with Public Debut

Exodus Movement, Inc. is making history as they take their non-custodial crypto wallet, Exodus, public on May 9th, listing on the prestigious NYSE American. This bold move is not only a smart financial decision, but a promising opportunity for investors to join in on the long-term success of this innovative company. Revolutionizing the world of … Read more

Bitcoin miner exploring selling after Stronghold halving

Bitcoin miner exploring selling after Stronghold halving

After the highly anticipated halving event, Bitcoin miners are scrambling to adapt to the new landscape. One particular entity is exploring a multitude of options to stay ahead of the curve. Stronghold Digital Mining is on a mission to boost shareholder value and they’re leaving no stone unturned. From selling the entire company to its … Read more

CryptoQuant: Bitcoin Traders Pause Leveraged Bets Amid Market Uncertainty

CryptoQuant Bitcoin Traders Pause Leveraged Bets Amid Market Uncertainty

Bitcoin’s Funding Rate Plummets to Record Low, Signaling Potential Market Shift According to CryptoQuant’s data, the perpetual futures market is experiencing a concerning trend – traders are paying a negative rate to open new long positions. This highlights a decrease in demand for Bitcoin, which is a stark contrast to the record-breaking demand seen in … Read more

Bitcoin Ransomware Strikes 250 Companies, Nets $42 Million

Bitcoin Ransomware Strikes 250 Companies

The Federal Bureau of Investigation has issued a crucial warning regarding the insidious spread of Akira ransomware. This malicious virus is wreaking havoc across the nation, threatening to lock up your most valuable digital possessions. Devastating and calculated, the Akira Bitcoin (BTC) ransomware has left a trail of destruction and financial ruin in its wake. … Read more

Bitwise CIO: Bitcoin Halving Sparks ‘Buy the News’ Frenzy

Bitcoin Halving

In an exclusive interview with CNBC on April 19th, Hougan revealed his thoughts on the highly anticipated Bitcoin (BTC) halving event. He believes that this year’s halving presents a golden opportunity for savvy investors to “buy the news” and capitalize on the world’s largest cryptocurrency asset. “If you look historically at halvings, the price action … Read more

Will Bitcoin Halving Drive Price Up?

Bitcoin Halving

Amidst the heated debates, one question remains: does halving truly propel Bitcoin’s rise, or are there other forces at play during this pivotal moment? The highly-anticipated halving event is finally here, promising to shake up the market. Many experts predicted a surge in price, but the reality has been quite different. Instead of soaring to … Read more

Miners invest nearly $3.3 million in Bitcoin for the first time in 14 years

Bitcoin Miners

Miners first transferred Bitcoins received as rewards for mined blocks on April 23, 2010. In a shocking turn of events, the latest data from Lookonchain has revealed that a mysterious whale has made a jaw-dropping transaction of 50 Bitcoins (BTC) worth a whopping $3.3 million. But that’s not all – the plot thickens as 17 … Read more

Bitcoin dominance returns to 2021 high as ETFs boost

Bitcoin ETFs boost

Bitcoin reigns supreme in the world of cryptocurrencies, soaring to a three-year high fueled by a surge of interest in U.S. ETFs. According to CoinMarketCap, they make up a staggering 55% of the $2.4 trillion market. This is a level we haven’t seen since April 2021. And leading the pack is the king of all … Read more

Tether’s $500 Million Bitcoin Mining Project Hits Final Phase Before Halving

Tether's 500 Million Bitcoin Mining project

Tether, the leading stablecoin, is on the brink of completing a groundbreaking $500 million Bitcoin mining venture. In a thrilling interview with DL News, CEO Paolo Ardoino spilled the beans on the company’s ambitious plan. Brace yourself, because this project involves not just one, but three countries – Uruguay, Paraguay, and El Salvador. The funds … Read more