Bitcoin (BTC/USD) demonstrates robust performance, with a notable price surge to $66,270, an uplift of approximately 2.50%. This positive momentum places Bitcoin’s trading dynamics in the spotlight, crucial for those monitoring Bitcoin price predictions. As it surpasses the pivotal $64,853 mark, the digital currency may be poised for further gains, with key resistance levels emerging...
Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to €30 Million ($31.9 million). As a result, the EU nation has mandated reporting of income from the sale of mining digital assets. Per a report from a local media outlet Verkkouutiset, in line with the tax supervision following the...
Terraform Labs and its founder, Do Kwon, are facing hefty financial trouble after the United States Securities and Exchange Commission (SEC) filed a motion on April 19. The SEC is demanding $5.3 billion in fines following the commission’s win in its civil Terra-Luna case against the crypto mogul. Terraform Labs And Founder Facing Billions In...
The Nvidia stock and Bitcoin are two assets that stand out for their potential and volatility in the landscape of investment opportunities. Both have had their share of dramatic rises and falls, sparking debates among investors about their viability and future growth. This article aims to explore the performance and potential of each, helping investors decide which asset might...
PayPal unveiled a new program to encourage low-carbon Bitcoin mining on April 22. The payment giant plans to reward cryptocurrency miners using sustainable energy with Bitcoin. The proposed eco-friendly initiative for Bitcoin miners is a collaboration between PayPal’s Blockchain Research Group (BRG), Energy Web, and DMG Blockchain Solutions, a publicly traded blockchain company. Can New...
In a recent report, crypto investigator ZachXBT uncovered that nearly 12 Solana presale meme coins have been “completely abandoned” within the past month, collectively raising 180,650 SOL, equivalent to approximately $26.7 million. Despite the major fundraising, many of these meme coin projects have experienced sharp declines in value post-launch, with one project failing to launch...
Bitcoin halvings are a significant event in the world of cryptocurrencies. A halving occurs approximately every four years and has a direct impact on the issuance rate of new Bitcoins. Here’s how it works: The halving mechanism: Bitcoin’s block reward halves every 210,000 blocks (roughly every four years). Initially, miners received 50 Bitcoins per block,...
Power theft in the Sarawak state of Malaysia for crypto mining has been a growing problem for past several years. Recently, three covert crypto mining operations, suspected of electricity thefts, were uncovered in shophouses and residential homes in Miri region. Representatives from the Sarawak police and Sarawak Energy plant revealed estimated monthly losses of 30,000...
Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued,” despite revenue decline. According to its annual report released last week, Canaan’s total revenues shrank by 67.5% to $211.5 million in 2023 from $651.5 million in 2022. Canaan...
The Samsung subsidiary Samsung Next, an affiliate of Samsung Electronics, has made an undisclosed investment in the DePIN player Roam. Per the South Korean media outlet Global Economic, the money will help Roam build a network of global WiFi roaming nodes. The firm, operated by MetaBlox, is also building a DeWi (decentralized WiFi) ecosystem. #Roam...