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Bitcoin Starts The Week With 3% Loss As Market Correction Events Trigger Realized Losses

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The new trading week commenced with Bitcoin, the leading cryptocurrency, experiencing a 3% decline in its value. This downturn comes amid a broader trend of market correction events impacting the cryptocurrency landscape. Glassnode data has provided insights into the realized losses among Bitcoin short-term holder constituent cohorts, spanning various timeframes from 1 day to 6 … Read more

South African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil

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Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian wife, Steynberg left no will and had no assets that could be inventoried. South African Police Investigate Steynberg’s Reported Death Johann Steynberg, a South African … Read more

Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

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According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting … Read more

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

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In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per … Read more

The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns

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Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation … Read more

Bitcoin Sees Upsurge To $67,000 Amidst Whales’ Accumulation

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Bitcoin experienced a notable upsurge in the past 24 hours, reaching a high of $67,000, buoyed by strong support from key whale tier holders with holdings ranging from 1,000 to 10,000 BTC.  🐳 #Bitcoin’s key whale tier holding 1K-10K $BTC are supporting this rise, and have now accumulated 266K more $BTC since the start of … Read more