Bitcoin nudges the $90K threshold amid resilient market behavior, unperturbed by the Fed’s rate cut news. Bhutan cleverly sells Bitcoin while still holding significant assets, and a coalition of attorneys challenges the SEC’s methods. Meanwhile, a major hacker gets a surprisingly light sentence, and VanEck predicts a bright future for Bitcoin. These events suggest a … Read more
BlockDAG and other crypto companies are re-entering the sports sponsorship arena after FTX’s downfall, targeting major European soccer clubs. BlockDAG has secured a $15 million deal with Inter Milan and Borussia Dortmund, rekindling crypto’s presence in sports amid renewed optimism. This trend signifies a dual effort to innovate fan engagement while expanding the crypto market’s … Read more
In August 2024, CleanSpark mined 478 bitcoins, reaching a total of 4,586 for the year. The company increased its operational hashrate by 1.4 EH/s, now at 22.6 EH/s, and is preparing for a further boost with 65 MW of new capacity. Major facility expansions are underway, reflecting CleanSpark’s commitment to growth in sustainable bitcoin mining. … Read more
China once led the world in cryptocurrency trading and mining, becoming a central hub for Bitcoin. However, growing concerns prompted the government to impose a complete ban on all cryptocurrency activities by September 2021. As of now, China is expediting the development of its digital currency, e-CNY, showcasing its complicated relationship with digital currencies as … Read more
CoinDesk is a leading media entity that excels in covering the cryptocurrency industry. It adheres to strict editorial policies to ensure integrity and independence in its reporting. As part of the Bullish group, CoinDesk emphasizes transparency while participating in equity-based compensation, allowing it to maintain its authoritative voice without bias. In the ever-evolving realm of … Read more
Donald Trump will headline the Bitcoin 2024 Conference in Nashville, marking his rebranding as a ‘crypto president.’ This major event features prominent speakers, including Robert F. Kennedy Jr. and Edward Snowden, with a variety of educational and entertainment activities to engage attendees. Trump’s evolving stance on cryptocurrency reflects a broader trend as he seeks to … Read more
Bitcoin’s value dipped significantly after the German government sold over $900 million in Bitcoin, transferring 16,309 BTC from state wallets to exchanges. The move has put the market on edge, with only 23,788 BTC remaining in government holdings, heightening concerns amid a sluggish trading atmosphere. As the markets took a tremulous turn, Bitcoin recently felt … Read more
The cryptocurrency market is on the brink of a significant transformation, potentially triggered by China’s expected $1.4 trillion stimulus package amidst economic challenges. Bitcoin has nearly doubled in price over the past year, while prominent figures like Donald Trump suggest that new competition may arise. Economists warn that China must take bold actions to restore … Read more
Bitcoin’s price surges above $70,000 spark optimism for the crypto market, with Brock Pierce suggesting an inevitable reopening of China’s cryptocurrency avenues. G7 discussions highlight challenges posed by small banks’ connections to Russia. Meanwhile, Hong Kong positions itself as a crypto hub, piquing interest from international investors, especially as crypto trading becomes accessible to overseas … Read more
Treasury Secretary Janet Yellen warns of the alarming U.S. debt of $34 trillion as Bitcoin price rises to around $70,000. Influential traders predict Bitcoin could soar to $1 million in the next year and a half, fueled by potential Federal Reserve actions and suggestions from Donald Trump’s camp regarding the currency’s role in addressing national … Read more