Bitcoin surged to a 10-month high on Thursday, topping $30,000 after the recent banking turmoil that has rocked the traditional financial system. The cryptocurrency had been steadily increasing in value since March, fueled by expectations that the US central bank, the Fed, would halt its interest rate increases to minimize stress on the banking sector. … Read more
Bitcoin (BTC) has surged above $30,000 for the first time since June 2022; the flagship digital asset will now seek support above $30,000 and push on to test higher highs. Given the surge of over 80% year-to-date and considering that the adoption of Bitcoin has skyrocketed recently, nearing 1 million holders of at least one … Read more
XRP has been struggling to gain traction in the competitive cryptocurrency market. After a 14% crash from its 2023 high of $0.58, XRP rebounded slightly when TV personality Jim Cramer expressed doubts about the SEC’s lawsuit against Ripple. Crypto analyst Ali Martinez has predicted that XRP could surge by 47% if it can close above … Read more
Russia has set a new record in cryptocurrency mining. The country’s mining operations have increased by 31 percent in the first quarter of 2021, reaching 1.7 billion rubles ($22.9 million) in revenue. This increase is a result of the rising demand for digital assets, particularly Bitcoin. The recent surge in mining activity in Russia can … Read more
The state of North Carolina is considering implementing stricter regulations for cryptocurrency mining in order to address environmental concerns. The proposed regulations would require cryptocurrency miners to register with the North Carolina Secretary of State’s office, obtain a permit, and comply with various environmental regulations. This would ensure that miners are held accountable for their … Read more
A recent survey conducted by OKX found that 63% of respondents believe that Ethereum (ETH) will reach $5,000 by the end of 2023. The survey also found that 83% of participant expect more ETH to be staked in the next three months. Wu Blockchain, a popular cryptocurrency analyst, tweeted the results of the survey on … Read more
Bitcoin has been on an impressive rally in the first quarter of 2021, reaching a key trading point of $28,000. However, this advance has stalled, according to analysts. Over the last three weeks of trading, Bitcoin has been trading within 15 percent of a key trendline, its average price over the past 30 days. This … Read more
The Ethereum network is set to undergo a technical revamp called the “Shanghai” upgrade on April 12th. This upgrade will allow users to withdraw tens of billions of dollars worth of Ether, the network’s native token, which was previously locked in the protocol for staking. The shift from a proof-of-work to a proof-of-stake process in … Read more
Russia has become a world leader in cryptocurrency mining, according to the Kommersant business daily. Citing Bitriver, Russia’s largest bitcoin mining provider, the article reports that Russia’s generating capacity reached 1 gigawatt in January-March 2023, making it the second-largest country in the world for cryptocurrency mining. While the United States remains by far the world’s … Read more
Bob Lee, the creator of Cash App and Chief Product Officer of cryptocurrency company MobileCoin, was fatally stabbed in San Francisco at the age of 43. Police received a report of the stabbing at around 2:35 a.m. on Tuesday and found a man with apparent stab wounds. While police did not confirm the victim’s identity, … Read more