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Study Observes Consolidation of Bitcoin Mining Rewards With Antpool
28.12.2023
In a significant shift within the bitcoin mining landscape, Antpool’s resurgence in 2023 has marked a notable trend in the consolidation of bitcoin rewards, surpassing Foundry USA in blocks mined. The Miner Mag’s recent analysis reveals that Antpool, along with other major pools,...
Top Crypto Gainers Today on DEXTools – ANALOS, JUNO, VAB
28.12.2023
Blue chip cryptocurrencies are mixed on Thursday, with Bitcoin (BTC) down 1.5% and back below $42,500, while Ether (ETH) is flat in the upper $2,300s, BNB is up 6.6% in the past 24 hours and Solana (SOL) and Avalanche (AVAX) are both down over 6% over the same time period, as per CoinMarketCap....
Publicly Listed Bitcoin Miners Soar in 2023 — Marathon Leads With 767% Surge
28.12.2023
Since the year began, both bitcoin and the broader crypto economy have risen a great deal in value, with bitcoin climbing over 150% since Jan. 1, 2023. Yet, an impressive 11 out of 13 bitcoin mining firms listed on Nasdaq have seen even more substantial triple-digit increases this year. Topping...
Bitcoin (BTC) consolidation boosts Everlodge (ELDG) and Injective (INJ)
28.12.2023
Bitcoin’s recent bull run took the crypto market by storm. Hundreds of projects surged in value, and Bitcoin hit its highest price in 2023. Now, a recent consolidation has driven up the price of Injective and Everlodge, with Everlodge hitting a new all-time high after stage seven of its presale...
BNB Surges 11% to Overtake Solana as Community Welcomes Sleepless AI
28.12.2023
BNB surges 11.16% to move past Solana (SOL) in market capitalization, sparking several sentiments from traders and igniting a new altcoin push. The last days of the year have seen multiple assets making uphill movements as bulls set sights on good positions before the new year with more...
Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire
28.12.2023
Source: AdobeStock / LIGHTFIELD STUDIOS Jerry Yu is a 23-year-old student at New York University. He’s also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations. Yu, a Chinese national and US resident, is what the Chinese call...
Hong Kong to Become the Next Crypto ETF Hub as BTC ETF Anticipation Continues in US
28.12.2023
Source: Pixabay Hong Kong is poised to become a leading hub for cryptocurrency exchange-traded funds (ETFs), particularly spot Bitcoin (BTC) ETFs, as anticipation grows for the approval of such ETFs in the United States. Industry leaders believe that Hong Kong’s Securities and Futures...
Digital Asset Products Record $103 Million Inflows as Assets Under Management Maintains $52 Billion Position
28.12.2023
Source: Adobe / Luisa Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). Recent data provided by CoinShares shows massive inflows...
Bitcoin Price Prediction as Billionaire Michael Saylor Announces New $600 Million BTC Purchase – Time to Buy?
27.12.2023
In a recent development that’s invigorating the cryptocurrency market, Bitcoin (BTC) has experienced a resurgence, now hovering around the $43,000 mark. This comes after a momentary dip below $42,000, with the digital currency currently trading near $42,300. The global cryptocurrency market...
Altcoin Fortunes Declined When Paired Against BTC in 2023 Despite Crypto Market Surge
27.12.2023
Over the past year, bitcoin surged by 153%, with numerous other digital currencies also seeing substantial increases. Yet, assessing the top cryptocurrencies in relation to bitcoin’s performance, the annual shifts present a distinctly varied perspective. 2023 Sees Altcoins Lag Behind...
Bitcoin Technical Analysis: Analyzing the Push and Pull of BTC’s Market Forces
27.12.2023
Bitcoin’s current price steadies at $42,750 to $42,964 and an intraday range between $41,820 and $43,192. Despite the fluctuations, the market capitalization holds strong at $841 billion, with a 24-hour trade volume of $25.32 billion. Oscillators sway gently in a neutral stance, while moving...
Bitcoin’s 2023 Rollercoaster: The Most Prominent BTC Price Peaks and Troughs This Year
27.12.2023
After a tumultuous 2022 tarnished by the collapse of industry giant FTX, Bitcoin 2023 has been a rollercoaster recovery, yet, with Bitcoin (BTC) now stood atop a +160% gain year-to-date, lets take a deep-dive into how BTC price got here. January Rally: Slowing Inflation Triggered Desperate Bitcoin...
Elon Musk: ‘I Don’t Spend a Lot of Time Thinking About Cryptocurrency’
27.12.2023
Elon Musk, CEO of Tesla, Spacex, chairman of X, and the wealthiest man alive, has declared he doesn’t spend “a lot of time” thinking about cryptocurrency. In a recent X Space hosted by Cathie Wood, CEO of Ark Invest, the self-proclaimed “Dogefather” stated he had more...
Bitcoin Closes 2023 With 27 Dynamic Difficulty Adjustments, Netting a 74% Rise in Mining Challenges
27.12.2023
Three days ago, on Dec. 23, 2023, Bitcoin marked its 27th and final difficulty adjustment for the year. This year witnessed 27 shifts in epochs, with the most substantial one on Jan. 15 at block 772,128, seeing a surge in network difficulty by 10.26%. Bitcoin’s Year: 20 Ups, 7 Downs Total...
2023 Crypto Wealth Surge — Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow
26.12.2023
A recent analysis indicates that Changpeng Zhao, Binance’s former chief, experienced a near $25 billion surge in his estimated wealth in 2023, while Coinbase’s Brian Armstrong enjoyed a $5.8 billion increase. Yet, topping the list was the elusive Satoshi Nakamoto, whose purported...
Ethereum (ETH), Dogecoin (DOGE), Bitcoin (BTC) Plunge After Holders Capitalize On Gains, Analysts Eye Pullix Presale After It Sells Over 5 Million Tokens In Less Than A Week
26.12.2023
Cryptocurrency markets have witnessed a notable downturn, with major players like Ethereum (ETH), Dogecoin (DOGE), and Bitcoin (BTC) experiencing significant price plunges. This trend has been largely attributed to holders capitalizing on recent gains, leading to a substantial sell-off. Could heads...
Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners
26.12.2023
Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared...
Survival of the Fittest: The Evolution and Consolidation of ASIC Bitcoin Mining Rig Makers
25.12.2023
Several years ago, the landscape of ASIC bitcoin mining producers was diverse. Yet, over the recent couple of years, a select few top manufacturers have sustained the production of bitcoin mining rigs. ASIC Mining’s Changing Landscape Once, numerous ASIC producers flourished, but today, only...
Bitcoin Breaks Records: Christmas Eve Sees Lifetime Surge in Daily Transactions and Hashrate
25.12.2023
On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023. Bitcoin’s Festive Feat — Record Transactions...
Bitcoin Price Prediction on Christmas Day: Unwrapping BTC’s Market Trends and Future Outlook
25.12.2023
On this serene Christmas Day, the cryptocurrency market, particularly Bitcoin (BTC/USD), reflects the season’s quiet but does not escape the inherent volatility of its nature. The current price of Bitcoin hovers around $43,125, marking a 1.70% decline in the last 24 hours. Despite this...