Bitfarms, a global vertically integrated Bitcoin mining company, has reported a 34% month-on-month (MoM) increase in earnings in its recent production report. The increase is primarily attributed to recent fleet upgrades and expansion. Bitfarms CEO Ben Gagnon said that the company has earned 62% more Bitcoin since the Bitcoin halving event in April. Bitfarms’ 109%...
VanEck CEO Jan Van Eck forecasts that Bitcoin could reach up to $2.9m by 2050. During an appearance on “The Claman Countdown” on Thursday, Van Eck mentioned that Bitcoin is maturing and predicted it will eventually equal half of gold’s total market cap. Based on gold’s current market cap, this prediction would place Bitcoin’s value...
The Federal Bureau of Investigations (FBI) issued an alert on Thursday over crypto scam artists impersonating crypto exchanges in an attempt to steal victims’ funds. According to the newly released warning, the scam begins by contacting the intended victim, usually through an unsolicited phone call or message pretending to be an employee at a crypto...
Futu Securities International, Hong Kong’s largest online brokerage, has entered the cryptocurrency market by enabling retail cryptocurrency trading. This move is perceived to be part of a broader strategy to establish Hong Kong as a global hub for digital assets and blockchain technology. The new initiative offers incentives, such as shares of prominent companies and...
The Web3 community has launched a number of projects to help bring The 2024 Olympics to life digitally. From Olympic-themed games that can be played in The Metaverse to non-fungible token (NFT) artworks, this year’s Olympic event may be the most open and inclusive thanks to blockchain technology. The Sandbox Brings The Olympics To The...
Can Bitcoin really have value despite lacking any cash flows? In a Twitter post on Thursday, Bitwise CIO Matt Hougan argued why it can. Where Bitcoin’s Value Comes From: Bitwise According to the outspoken executive, what Bitcoin lacks in cash flow makes up for with a service: securing wealth without needing a bank or other...
America’s Bitcoin miner, CleanSpark, is expanding its operations greatly, breaking ground on a new facility in Cheyenne, Wyoming, which is expected to be operational by the end of the year. The new venture is part of a broader expansion strategy that includes acquiring a second Wyoming site and a move into Tennessee through the acquisition...
Bitcoin development company MicroStrategy reported that it has expanded its Bitcoin holdings to 226,500 in the second quarter of 2024 highlighting the firm’s ongoing strategic focus on Bitcoin acquisition. The software firm reported in its second quarter, it has acquired an additional 12,222 bitcoins, investing $805.2 million at an average price of $65,882 per bitcoin....
Terraform Labs co-founder Do Kwon is set to be extradited from Montenegro to his native South Korea following a ruling from the Balkan nation’s court of appeals on Thursday, August 1. The decision concludes a protracted legal battle over whether he should face charges in South Korea or the United States. Both countries have sought...
Crypto.com has surpassed Coinbase in daily trading volume, reaching $3.16 billion on August 1. According to a social media post by Crypto.com, the exchange led in USD-supported spot trading volume in July. Open interest on its derivatives market is nearing $1 billion, marking a fourfold increase since January this year. Reported Trading Volume Continues to...