BitFuFu’s Bitcoin mining costs increased significantly in Q3, impacting production levels and profitability.The new Ethiopia facility aims to boost BitFuFu’s capacity, offsetting operational challenges in Bitcoin mining. BitFuFu Inc., a cloud mining company funded by Bitmain, has encountered severe hurdles in its Bitcoin mining activities, as detailed in its Q3 2024 financial report. The company’s...
Donald Trump has won this year’s presidential election, overcoming Democratic leader Kamala Harris, a result that aligns with market expectations.After Trump’s victory, Bitcoin’s price surged by 9.6% to a record high of $75,198 while Ethereum followed with an increase of 8%. Bitcoin, the world’s first cryptocurrency hit a new record high of $75,060 on Wednesday...
Following Donald Trump’s re-election, Bitcoin’s price surged over $75,000, driven by optimism surrounding his pro-crypto promises, which could lead to significant regulatory changes benefiting digital assets.Trump’s proposed reforms, including firing SEC Chair Gary Gensler and establishing a National Bitcoin Reserve, have energized the crypto community, fostering expectations of a more favorable environment for Bitcoin’s growth...
IOTA’s Dominik Schiener has disclosed that the team is consistently working to improve liquidity and Total Value Locked (TVL) to effectively convince major exchanges.He also admitted to the poor performance of the IOTA token but assured that the recent US political climate and the movement of Bitcoin (BTC) could trigger a price surge. IOTA co-founder...
The Trump presidency may advance the Bitcoin Act, positioning Bitcoin as a U.S. strategic reserve asset.A crypto-friendly stance under Trump could boost Bitcoin’s institutional adoption and public acceptance. With Donald Trump’s election to the presidency, big changes are predicted in the Bitcoin and crypto spaces. The government is expected to encourage steps that promote Bitcoin,...
El Salvador has accumulated 722 Bitcoins since 2022, achieving gains through consistent daily purchases.Despite Bitcoin’s legal status, only 7.5% of Salvadorans use it for transactions. El Salvador’s investment in Bitcoin has proven to be a risky yet potentially profitable choice. According to Spot On Chain, the country currently boasts a sizable 722 Bitcoins, bought each...
The ColliderScript proposal allows for covenants in Bitcoin without a soft fork, enhancing its programmability and competitiveness with Ethereum.However, it raises concerns about spending restrictions and scalability, requiring further testing and refinement. A new research paper titled “ColliderScript: Covenants in Bitcoin via 160-bit hash collisions” explores an innovative approach to introducing covenants into Bitcoin, a...
Bitcoin and Ethereum ETFs saw record-breaking inflows, showing strong institutional interest in crypto.BlackRock’s IBIT ETF reached an all-time high with $1.12 billion in one-day inflows. On November 7, the crypto market reached significant milestones in terms of institutional investing. Reaching a record-breaking $1.376 billion net inflow, Bitcoin spot ETFs represent a turning point in the...
Bitcoin and gold are both rising as safe-haven assets amid inflation and economic uncertainty.Institutional interest in Bitcoin grows as ETFs see record-breaking inflows and younger investors favor digital assets. The concept of Bitcoin achieving a $1 million valuation may be unrealistic, but industry professionals like Adam Kobeissi and Anthony Pompliano feel it is entirely feasible....
Bitcoin reaches a new ATH of $80,000 amid pro-crypto U.S. policies.BlackRock’s ETF inflows and Trump’s stance boost Bitcoin’s ascent to a new ATH. According to CoinMarketCap, Bitcoin (BTC) has set a new all-time high (ATH) of $80,000. This spike occurred just days after Donald Trump’s re-election as the 47th President of the United States and...