Tag: Bitcoin

Polyhedra Network has announced the launch of Expander, an open-source zk-proof system that claims to be the fastest available globally.  Zero-knowledge (zK) systems are among the numerous scaling solutions available for blockchain networks especially Ethereum. They stand out from other solutions because they use mathematical processes to verify transactions. Expander ...

On May 1, 2024, Bitcoin mining firm Riot Platforms published its 2024 first-quarter financial results report, revealing a net income of $211.8 million—a 1,000% increase from last year.  The company's success was driven by a 55.4% spike in mining revenue, reaching $74.6 million, primarily fueled by a 131% surge in ...

BlackRock’s iShares Bitcoin Trust experienced its first-ever outflow day during the trading ending May 1, 2024. According to data from Farside Investors, the spot Bitcoin ETF ended the day with a significant $36.9 million flowing out of its coffers.  The outflows were not limited to BlackRock’s Bitcoin fund alone. Nine ...

MicroStrategy, an American software company known for pioneering the addition of Bitcoin to its corporate balance sheet, is further immersing itself in the Bitcoin ecosystem.  During the MicroStrategy World conference in Las Vegas, Michael Saylor, the firm’s co-founder and executive chairman, unveiled plans to introduce a decentralized identity protocol named ...

Several Bitcoin developers are outraged at a fellow enthusiast who admitted to “griefing” one of Bitcoin’s testnets by generating three years' worth of blocks in a week. This caused some developers to pause the applications they were testing, and many of the affected entities expressed their displeasure with the act. ...

In an exceptional turn of events, a single Bitcoin miner has defied the odds by successfully solving a Bitcoin block alone, claiming the full 3.125 Bitcoin (BTC) block reward. This accomplishment was announced by Con Kolivas, a software engineer and administrator from the solo mining pool, ckpool. According to Kolivas, ...

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 ...