Blockstream Mining Launches Hashrate-Backed Security Token Blockstream is initiating a fundraising effort by offering claims backed by its Bitcoin mining operations for a duration of four years. Blockstream Mining has announced a new security token, known as the Blockstream Mining Note 2 (BMN2), which is backed by the hashrate generated by its Bitcoin mining operations. […]
Bitcoin Remains Below $57K, Yet Pro Traders Show Confidence Recent fluctuations have brought Bitcoin’s price closer to $56,000, prompting speculation about the potential end of the bullish trend. The forthcoming US job market data could provide clarity on the situation. Market Analysis Bitcoin (BTC) experienced a 5.5% downturn from September 3 to September 5, hitting […]
Fractal Bitcoin: Implications for Mining Revenues In August 2024, Bitcoin mining revenue experienced a significant downturn, generating only $827.56 million, marking the lowest earnings since September 2023. Fractal Bitcoin is a sidechain solution designed to enhance Bitcoin’s scalability while utilizing the original Bitcoin core code. This innovation may provide miners with an extra revenue stream, […]
Bitcoin Price Faces Decline as US Jobs Data Looms Bitcoin continues to experience a downward trend as it approaches the critical US jobs data release for the week. Impact of US Jobs Data on Market Sentiment Recent data from TradingView indicated a brief improvement in Bitcoin’s price action amid macroeconomic conditions. However, BTC/USD has seen […]
Exploring Animoca Brands: A Journey into Web3 and Gaming The term “Animoca” may not be immediately recognizable to most English speakers. Is it a Japanese word, a particular type of confectionery, or perhaps the latest coffee trend? According to Robby Yung, CEO of the prominent Web3 investment firm Animoca Brands, the name is actually a […]
Launch of Yield-Bearing BTCz Token by Zest Protocol The recent Bitcoin halving has sparked renewed interest in developing decentralized finance (DeFi) capabilities within the Bitcoin ecosystem, the original blockchain network. Zest Protocol, backed by Binance Labs and Tim Draper, has introduced a new yield-bearing token known as BTCz. This development aims to enhance the DeFi […]
Mastercard Partners with Mercuryo for Non-Custodial Crypto Spending Mastercard has teamed up with Mercuryo to introduce a euro-denominated crypto debit card. This innovative offering will allow users to utilize cryptocurrencies stored in self-custodial wallets to make purchases at over 100 million merchants worldwide. Details of the Partnership This new collaboration builds on Mastercard’s previous efforts […]
Bitcoin Transactions Decline by 30% in Six Months Amid Price Stagnation Recent analysis indicates that Bitcoin is experiencing a period of stagnation, but there are hints that a significant price movement from its current unstable range might be on the horizon. Bitcoin’s network activity has reached a three-year low, as a pervasive sense of disinterest […]
Significant Increase in Dogwifhat Open Interest Amid Price Decline The open interest for Dogwifhat has surged following a dip in its price, which has been trading below $1.90 since August 25. A trader has indicated a potential reversal pattern in the market. Futures traders are boosting their positions in Dogwifhat, a memecoin based on the […]
Transitioning Mining Facilities to AI Data Centers: Challenges Highlighted by Sabre56 CEO Phil Harvey, the CEO of Sabre56, a consultancy focused on blockchain data centers, sheds light on the financial expectations and challenges surrounding the conversion of Bitcoin mining companies into AI data centers. He notes that during the current market cycle, Bitcoin miners are […]
