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Revealed: What causes Bitcoin’s selling pressure
Bitcoin ETFs and exchanges now have up to eight times more of an impact than miners, according to a new report.Sell-side pressure from miners is diminishing with each and every halving, a new analysis from Glassnode says.Meanwhile, centralized exchanges and ETF...
Analyst: Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
Analysts from H.C. Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate.Riot Platforms, Inc. has significantly enhanced its growth and operational capacity by acquiring Kentucky-based Block Mining, Inc. for $92.5...
Bitstamp to distribute Mt. Gox Bitcoin by July 25
Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange. Crypto exchange Bitstamp confirmed receiving Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) from the Mt. Gox Truste intended to...
ASIC market undergoes ‘significant repricing,’ analysts say
Following Bitcoin’s April halving, which cut miners’ rewards, many mining models saw “significant drawdowns” in pricing, according to Hashrate Index.The ASIC market is undergoing significant changes as mining rigs are trying to adapt to a post-halving environment,...
Mt. Gox creditors report Bitcoin balances on Kraken
Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16.Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news...
Mokens League: Experience the Thrill of ‘Win to Earn’ and Get Ready for the Play To Airdrop
Crypto miner HIVE Digital to double revenue with 100MW center in Paraguay
Canadian cryptocurrency mining firm HIVE Digital has announced plans to build a 100MW mining center in Paraguay to boost its revenue.Crypto mining firm HIVE Digital is gearing up to build a 100 megawatt Bitcoin (BTC) mining center in Paraguay, a move that is expected...
US elections to keep driving crypto volatility: report
QCP Capital analysts said U.S. election news will continue to induce crypto market volatility as the presidential result will shape the future of digital assets in America and, perhaps, globally. QCP Capital’s Monday report price movements following the failed...