Investigation Launched Against Chinese Crypto Platform ‘Feixiaohao’ Feixiaohao, established in 2017, is one of the few cryptocurrency-related platforms in China that continued its operations following the country’s ban on cryptocurrencies in 2021. Current Investigation Details According to reports, Feixiaohao is currently being investigated by local law enforcement in Inner Mongolia. Several executives from the platform […]
Former Square and Coinbase Executives Secure $58 Million for Bridge Stablecoin Initiative Bridge is on a mission to establish a worldwide stablecoin payment network that competes with established systems like SWIFT and credit cards. Bridge, a new payment platform co-founded by former Square and Coinbase leaders Zach Abrams and Sean Yu, has reportedly raised $58 […]
Solo Miner Wins $200K Bitcoin Jackpot with Minimal Hashrate A solo Bitcoin miner, part of the Solo CK pool, has remarkably solved a block using a mere 0.012% of the average hashrate. Recent Achievement The miner recently processed block number 858,978 at 4:21 PM UTC, as reported by Mempool.space. This particular block included 2,391 transactions, […]
Dell’s Earnings Report Shows No Bitcoin Acquisition Despite CEO’s Optimistic Remarks Many anticipated that Dell would join the ranks of companies holding Bitcoin in its financial statements during its Q2 earnings announcement. Overview of Recent Developments Dell Technologies has not indicated any Bitcoin holdings in its second quarter financials, despite the CEO’s intriguing comments regarding […]
Bitcoin Mining Executive Considers Hashrate Contracts to Mitigate Rising Expenses The impending reduction of the Bitcoin block subsidy from 6.25 BTC to 3.125 BTC, expected during the April 2024 halving, poses significant financial challenges for cryptocurrency miners. In response to the increasing costs and dwindling block rewards, Andy Fajar Handika, the CEO and co-founder of […]
Rethinking the Bitcoin Power Law Theory The Bitcoin Power Law Theory is primarily rooted in mathematical concepts, yet it fails to consider the human behavior that drives Bitcoin trading. The Limitations of Power Law Relationships The scientific community’s fascination with identifying patterns in complex systems has led to the rise of the Power Law concept, […]
Ncr Atleos and LibertyX Launch BTC to Cash Feature at U.S. ATMs LibertyX ATM users can convert Bitcoin (BTC) into cash at various ATMs across 30 states, enabling more accessible cash transactions for cryptocurrency holders. NCR Atleos, a prominent ATM service provider, has introduced its LibertyX Bitcoin Cashout feature, facilitating customers within the United States […]
El Salvador’s Bitcoin Adoption: A Mixed Reality President Nayib Bukele of El Salvador has acknowledged that the nation’s adoption of Bitcoin has not met his expectations, despite his previous enthusiasm for the cryptocurrency. Key Insights from Nayib Bukele In a recent interview with TIME magazine, Bukele described the Bitcoin adoption as a “net positive” for […]
Peter McCormack: A Personal and Professional Transformation Peter McCormack has openly shared his journey with his audience, detailing his early experiences with Bitcoin, including a dramatic episode involving the Silk Road that led to a hospital visit in 2014. In 2019, he revealed in a publication that he once made $1.2 million from Bitcoin investments […]
Bitcoin Traders Anticipate $62K as BTC Gains 3% Bitcoin (BTC) is making a push to reclaim $60,000 as it nears the Wall Street open, with buyers actively looking to challenge the overhead liquidity. As of late August 29, BTC was on the verge of reaching $61,000. BTC Price Shows Strength According to data from trading […]
