Month: June 2024

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

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With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value … Read more

Go All-In On Ripple (XRP) and Crypto AI Says Top Trading Platform, Here’s Why

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Amid the crypto market’s misgivings, prominent crypto exchange Bitrue touts Ripple (XRP) and RCO Finance (RCOF) as viable digital assets to invest in, recommending users “go all-in” on them.  This unprecedented backing comes as the prices of leading crypto assets, Bitcoin (BTC) and Ethereum (ETH), crash, leaving investors looking for a way out. Let’s find … Read more

Whales Are Betting Big on BlockDAG! 1300% Price Surge Shakes Up Crypto—Dogecoin & Brett Insights Await

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The utility coin market is currently buzzing with activity, offering long-term growth potential. This shift has seen cryptocurrencies like Dogecoin adopting the utility label. Industry experts anticipate a breakout for Dogecoin (DOGE) following its robust performance against a backdrop of a 17% decline. Predictions for Brett also remain upbeat after it witnessed a nearly 21% … Read more

Several Sleeping Bitcoin Wallets Reactivate After Years of Inactivity

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According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its first transaction in over 11 years. Hundreds and Notably a 1,000 Stack of Vintage Bitcoin Transferred From Idle … Read more

Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask

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Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On … Read more

Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’

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Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in El Salvador and Milei in Argentina have shown Latam that proposals including … Read more

SEC’s Case Against Binance Moves Forward With Major Allegations Intact

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The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against … Read more