Bitcoin revenue per terahash nears record lows as hash rate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Bitcoin mining...
Day: August 28, 2023
Solana-based Clockwork to shutter citing ‘limited commercial upside’
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. The...
Friend.tech threatens to punish users if they use copycat apps
Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited. Crypto’s newest...
Crypto bull run: Traders share their plans for the ‘tornado’ to come
Millions of new crypto investors could be experiencing their very first bull run soon, and those who’ve been through it...
OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version
OpenAI also claims it is two times faster than GPT-4 with enhanced privacy and security standards. OpenAI, the creators of...
BitBoy Crypto brand will no longer include YouTuber Ben Armstrong
The crypto influencer brand had a reach of more than 3.3 million followers at the time the company announced Ben...
Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive...
New tax rules for crypto in the US: Law Decoded
The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers....
US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’...
Sam Bankman-Fried’s lawyers appeal decision on bail, citing First Amendment issues
Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison...
The bright side of Evergrande’s collapse? More crypto volatility
Evergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market. As Evergrande Group, China’s heavily...
SEC charges podcaster in first unregistered securities sales claim against NFT offering
Impact Theory produces entertainment and educational podcasts and was “trying to build the next Disney” when it invited investors to...
Price analysis 8/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, DOT
The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance...
Laos pulls the plug on crypto mining electricity supply after drought
The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power...
Binance leaving Russian market is ‘on the table’: Report
A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regards to Russia, “including a full...
