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Bitcoin Miners Get Creative as Mining Difficulty Set for New All-Time High


  Bitcoin (BTC) miners are increasingly turning to creative methods to become more efficient, while at the same time attempting to improve the image of the electricity-guzzling industry. The new initiatives come as the difficulty of mining new BTC is already at it its highest level ever, and...

US Senators Fail to Find Stable Ground on Stablecoins


  Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed...

Bitcoin ETFs Remain Popular Among Investors Despite Price Slump


  Exchange-traded funds (ETFs) backed by bitcoin (BTC) futures contracts traded in the US largely retained their trading volumes last week, despite a slump in the bitcoin price over the course of January. According to exchange data, the ProShares Bitcoin Strategy ETF (BITO) – the first bitcoin...

Bitcoin Rises with All Eyes on Ukraine, Fed’s Next Move


  The price of bitcoin (BTC) has been on the rise since the beginning of the week, with traders now keeping an eye on developments in Ukraine, as well as on the US Federal Reserve’s (Fed) next move to combat high inflation. At 10:26 UTC on Tuesday morning, BTC traded at USD 44,137, up 4.5%...

IRA Financial Trust Hack Reportedly Sees USD 36M in Crypto Stolen From Users


  US-based IRA Financial Trust, a regulated financial institution that offers self-directed retirement accounts, has been hit with a hack that resulted in the loss of USD 36m in crypto, Bloomberg reported, citing a person familiar with the investigation.... Read More: IRA Financial Trust Hack...

US Inflation Hits 7.5%, More Than Expected


Inflation in the world’s largest economy reached 7.5% year-over-year for January, coming in well above analysts’ expectations. The change in consumer price index (CPI) since last month came in at 0.6%, above the 0.4% expected. Meanwhile, the so-called Core CPI, which excludes food and beverages...

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