Marathon Digital, a leading Bitcoin mining firm, has announced a significant increase in its 2024 hash rate target, aiming to reach 50 exahashes per second (EH/s). According to the Hashrate Index, Marathon's Bitcoin mining hash rate is currently 24.7 EH/s. If the miner achieves its 50 EH/s target, it would ...
Bitcoin's value has declined by over 5% over the past 24 hours, with the token currently priced at around $63,300, according to data from CoinMarketCap. This drop follows a fluctuating trend, with the token's value plummeting from a high of $63,575 on April 24. The recent price movement of Bitcoin ...
Following Bitcoin's halving event on April 20, Runes, a new token standard on the Bitcoin blockchain, has become increasingly popular, accounting for more than two-thirds of all transactions on the network. Data from Dune Analytics dashboard, shared by blockchain research firm Crypto Koryo, indicates that over 2.38 million Runes transactions ...
Bitcoin's price has remained stable and has maintained pressure on key resistance levels following the recent movement following the halving event. As of press time, the token is currently hovering around the $66,000 mark. As highlighted by data from TradingView, Bitcoin's stability is underpinned by significant buying activity from large ...
PayPal's Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions, has proposed a new system to incentivize Bitcoin miners to adopt low-carbon energy sources. The proposal, explained in a blog post published on April 22, involves implementing "cryptoeconomic incentives" to encourage miners to embrace green energy practices. ...
Tokens associated with Bitcoin Layer 2 solutions have outperformed Bitcoin (BTC) since the blockchain's recent mining reward halving event on April 20, 2024. According to CoinGecko, following the event, STX, the native token of the Stacks network, surged nearly 20% to $2.87, while Bitcoin saw a modest 4.7% increase to ...
Switzerland is witnessing a resurgence in efforts by Bitcoin proponents to persuade the Swiss National Bank (SNB) to add Bitcoin (BTC) to its reserves. Led by 2B4CH, a non-profit think tank, the initiative seeks to amend the Swiss Federal Constitution to allow the SNB to hold Bitcoin alongside traditional assets. ...
The relationship between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry has been turbulent. There is this atmosphere of hostility and uncertainty that continues to put the U.S. at odds with the global crypto market. The regulator has repeatedly taken action against crypto companies and issued warnings ...
Bitcoin's price, currently hovering above $60,000, has drawn keen attention from market observers amid signals of a potential rebound. Despite recent liquidations of long positions, traders are cautiously optimistic about a price upturn, noting high bid liquidity near crucial support levels, which suggests a market ripe for a bullish reversal. ...
Financial Analyst and author Lyn Alden has suggested that Bitcoin (BTC) could reach the $100,000 price mark or beyond within the next eighteen months. In a recent interview, Alden pointed out that the current supply dynamics could set Bitcoin on its path towards six-figure prices in just months. She noted ...
