Category : Bitcoinist

Bitcoinist

Bitcoin Mining Difficulty Soars 7%, What Does It Mean?

On-chain data shows the Bitcoin mining difficulty has seen a rise of over 7% in the latest adjustment. Here’s what it could mean for the asset. Bitcoin Mining Difficulty Has Registered A Surge Of More Than 7% On the Bitcoin blockchain, there is...

US Gov’t Takes Aim At Crypto Mining’s Environmental Impact With Data Drive

The US government has set its sights on the burgeoning crypto mining industry, launching a data-gathering initiative to assess its environmental impact, particularly its energy consumption. White House Directs EIA: Probing Crypto’s Energy Use...

LUNC Price Surged 20% Over The Weekend, Here’s Why

The Terra community was in a celebratory mood as the LUNC token saw a significant price surge over the weekend. As revealed by a member of the community, this price surge has been attributed to the actions of the foremost crypto exchange, Binance. Bi...

Weekly Crypto Preview: Top 3 Altcoins You Shouldn’t Miss

Several key developments across various altcoin projects are poised to potentially influence this week’s crypto market dynamics. This week’s focus is on Ripple (XRP), Polygon (MATIC), and Avalanche (AVAX) in conjunction with its associate...

China Digs Into Cryptocurrency: Mining Banned In Energy Revamp

Beijing has intensified its efforts to curb cryptocurrency mining, citing its excessive energy consumption and potential environmental harm. This move comes as part of a broader plan to achieve “higher level and higher quality” energy con...

Cardano Founder Argues Bitcoin Can Never Be Like ADA Or Ethereum, Here’s Why

In a recent exchange of ideas on X (formerly Twitter), a debate unfolded between Charles Hoskinson, the founder of Cardano, and Muneeb Ali, co-founder of Stacks, a project focused on enabling smart contracts on Bitcoin. The discussion centered around...

Bitcoin Set To Lead A New Crypto Surge As Downside Factors Get Exhausted – Coinbase Analysts

Bitcoin might currently be trading below a $43,500 resistance level, but analysts see this downside action slowing down and a bullish performance is set to happen anytime soon. In a recently released weekly report by crypto exchange Coinbase, many te...

Crypto Classrooms: US Authorities Charge School Staff In Illegal Campus Mining Scandal

Two high-ranking officials from the Patterson Joint Unified School District in New Jersey face charges for allegedly operating a crypto mining farm on school premises, according to the US Department of Justice. Abuse Of Power, Public Resources Assis...

Analyst Predicts Cardano Price To Skyrocket By 1,400% – Here’s How

Cardano, like the majority of the cryptocurrency market, put up a positive price performance over the past week. While the ADA token largely struggled to replicate its December run in January, the tides seem to be turning in favor of the altcoin at t...

US Top Brokerage Firm Stalls On Bitcoin Spot ETF Engagement – Here’s Why

LPL Financial, the largest independent broker-dealer in the United States, is delaying its involvement in the Bitcoin spot ETF market as it awaits the result of an assessment of the novel exchange-traded products (ETPs) performance. This development...

Dogecoin Adoption Explodes As 890,000 New Addresses Are Added

Dogecoin has been witnessing an impressive increase in the number of addresses created on the network. Such network expansion is also significant, as crypto analyst Ali Martinez had mentioned how this “could soon reflect positively” on DOGE’s prices....

Bitcoin Miner Reserves Fall To Lowest Level Since 2018 – A Worry For BTC Price?

The price of Bitcoin has been in a good recovery form in recent days, making its way back above $43,000 this week. However, the latest on-chain data shows that miners have been offloading their BTC, as they seem to be engaging in a selloff ahead of t...

Bitcoin Miner Reserves Fall To Lowest Level Since 2021 – A Worry For BTC Price?

Thai Authorities Order Zipmex To Halt Operations – Details

The Thai Securities and Exchange Commission (SEC) has ordered Zipmex to temporarily cease its operations as a digital asset trading and brokerage platform. This directive comes as the market regulator is demanding that the embattled cryptocurrency ex...

FTX Faces Lawsuit From Creditors Challenging $16,000 Bitcoin Repayment Plan

A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s. The proposed plan of the defunct exchange wo...

Hong Kong Takes Decisive Crypto Step: Preparing Consultation For Regulating OTC Venues

Hong Kong is set to introduce a new regulatory framework targeting over-the-counter (OTC) crypto trading platforms. This initiative, announced by the region’s Financial Services and the Treasury Bureau (FSTB), underscores Hong Kong’s commitment...

Binance Aids Recovery Of $4.2 Million In XRP, Retrieval Still Ongoing

On Wednesday, the news of a 213 million XRP exploit shocked the Ripple community as speculation of a security breach in the security of the payment firm. Later details provided by Ripple executives clarified that the company did not manage the compro...

Spot Bitcoin ETF Flows Flip Gold: A Mega Capital Rotation In Progress?

The recent launch of spot Bitcoin ETFs (Exchange Traded Funds) has sparked a surge in investment, with capital flows surpassing gold ETFs over the past two weeks, according to Bitwise CIO Matt Hougan. Spot Bitcoin ETFs Draw More Capital, Flip Gold E...

Binance Faces These Regulatory Obstacles In Re-Entering The UK Market, Report

According to a Bloomberg report, Binance, the world’s largest cryptocurrency exchange by trading volume, is encountering obstacles to re-enter the United Kingdom (UK) market. Local partners in the UK have reportedly shown reluctance to work wi...

Crypto Under Fire: Latest Exchange Charged In US Money Laundering Scandal

In a significant crackdown on crypto-related crime, the U.S. Department of Justice announced charges against Aliaksandr Klimenka, a 42-year-old Belarusian and Cyprus national. Unsealed indictments reveal Klimenka’s alleged involvement in a mon...

Fetch.ai (FET) Runs Into Problems As UK Entity Is Put Into Administration

Fetch.ai (FET), one of the best performers in the crypto industry in 2023, seems to be in trouble after such an astounding performance. The firm behind the AI-based cryptocurrency has run into troubles in the United Kingdom after its UK entity was in...

Bitcoin Billionaire Identifies The Best Altcoin To Buy Ahead Of The Bull Market

Authur Hayes, co-founder and former Chief Executive Officer (CEO) of cryptocurrency exchange BitMEX, has singled out Solana as the most suitable cryptocurrency to invest in during the altcoin season. The Bitcoin billionaire hinted at the possibility...

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