Bitcoin mining company Canaan increased its digital asset holdings to record levels in February, signaling a long-term accumulation strategy despite challenging market conditions for miners. In its February unaudited mining update issued Tuesday, Canaan said it produced 86 Bitcoin (BTC)…
Bitcoin Magazine Bitcoin Price Jumps Above $70,000 After Oil Shock, On-Chain Data Points to New Support Zone Bitcoin price steadied this week after a burst of volatility tied to tensions in the Middle East and a surge in oil prices.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Speaking at the Economic Club of New York on March 9, Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, said there is…
Bitcoin is showing tentative signs of stabilization after its pullback from $74,000, but Glassnode says the recovery still lacks the ingredients of a decisive bullish turn. In its March 9 Weekly Market Pulse, the analytics firm described a market that…
US lawmakers have launched an investigation into several Wall Street underwriters, including Dominari Securities, whose parent company is linked to the Trump family, over their role in bringing Chinese companies to US stock markets that were later tied to stock…
Bitcoin Magazine Bitcoin Price Teeters Near $69,000 Despite Market Volatility and Oil Price Swings Bitcoin price traded near $69,000 on Monday, stabilizing after last week’s brief rally and then sell-off into the weekend. The cryptocurrency has remained resilient even as…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US banks may need regulatory clarity more than the crypto industry, a former Commodity Futures Trading Commission (CFTC) chief said, arguing they risk falling behind the rest…
BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum (ETH) worldwide, announced on Monday that it had made a significant new purchase of nearly 61,000 ETH. BitMine Holds 3.7% Of Total Ethereum Supply BitMine’s latest transaction, comprising 60,976 Ethereum…
Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high. According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12.…
Bitcoin Magazine Public Bitcoin Miners are Dumping Bitcoin for AI, a Historic Mistake There is no doubt about it, this is the age of AI. Corporations are cutting their workforces in half to invest cash flow into hardware, while the…