Artificial Intelligence (AI) has become ubiquitous, making its presence felt across various sectors. Gradually infiltrating every aspect of human activity, this buzzword, although not entirely new, has captivated the minds of both seasoned tech gurus and novices alike. The integration of the digital asset space and AI was inevitable. Industry …
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The report highlights that the rapid growth in the Bitcoin hashrate is unlikely to continue at the same pace after the halving event. As the next Bitcoin (BTC) halving event approaches, analysts at American investment banking giant JPMorgan Chase & Co (NYSE: JPM), led by Nikolaos Panigirtzoglou, recently highlighted its …
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Bitcoin (BTC) starts the first week of July with a sigh of relief for traders as $30,000 support holds. BTC price action refuses to succumb to bears after 20% gains in Q2, with weekly and monthly timeframes looking strong. What’s next? A quiet week is expected on TradFi markets, with …
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June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership. In a nutshell, over the past 30 days, the Belgian financial regulator ordered Binance to cease all crypto …
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Bitcoin’s on-chain data provides evidence that Bitcoin miners are offloading their holdings. The factors influencing the selling pressure could be reduced earnings from a cooldown in Ordinals activity as well as mining difficulty and hash rate reaching an all-time high. According to on-chain analytics firm Glassnode, “Miners have been sending a …
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Amid the continuous regulatory scrutiny in crypto, there have been a diversified sentiment among different participant groups about the Bitcoin market. According to latest data from data provider Glassnode, long-term holders have remained resilient and unwavering in their commitment, displaying a calm sentiment amid the elevated market distress. Meanwhile, Bitcoin miners …
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The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas …
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Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible token (NFT)-like inscriptions using the Ordinals protocol. Transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12, according to Dune Analytics data. The rise came on the back of a …
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The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling revenue and low BTC prices. The firm couldn’t withstand the heat …
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With efficient administration software program, bitcoin miners can take full benefit of the trade’s distinctive efficiencies and potential income. That is an opinion editorial by Mitch Klee, an analyst on the mining administration platform Foreman. After China banned bitcoin mining in May 2021, practically 75% of worldwide hash charge was …
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Bitcoin mining firm Compass Mining claims to have discovered “three issues” within the ASIC design of the 2 new Antminer S19 miners, models which are primarily used to mine Bitcoin (BTC). These points may consequence within the machines overheating and in some instances, utterly breaking down. The agency’s mining operations …
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Even with the current rise within the bitcoin value, public bitcoin mining shares begin the 12 months with extra spectacular features than the asset itself. The under is an excerpt from a current version of Bitcoin Journal PRO, Bitcoin Journal’s premium markets e-newsletter. To be among the many first to …
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