Recent data from Bitbo, a leading BTC on-chain analysis platform, reveals a significant decline in mining revenue for Bitcoin miners in the month of August. The figures show that BTC mining activities generated only $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This drop represents a 57% decrease from
Crypto
The past 24 hours have not been kind to Bitcoin as the price took a sharp downturn, hitting a 2-week low of $57,100. This downward trend has also impacted most altcoins, with tokens like TON, DOGE, and ADA seeing drops of 2-4%. Bitcoin’s recent price actions have been quite underwhelming, to say the least. Just
The payments industry has experienced substantial growth over the last five decades, making it one of the largest and fastest-growing sectors globally. Despite this growth, the sector still relies on outdated 50-year-old technology rails that are becoming increasingly inefficient over time. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed an intriguing question to his 262K+ followers on X. He asked whether Bitcoin, the well-known cryptocurrency, will ever need a bailout. This question sparked a lively discussion among participants, with many providing insightful perspectives on the matter. One responder highlighted the fact that
In a groundbreaking development, a London resident named Habibur Rahman has been charged with operating a Bitcoin ATM without proper registration. This marks the first instance in the UK where such charges have been brought before the courts. The 37-year-old was arrested following a raid at a gadget shop in Chatham by Kent Police. Moreover,
Crypto.com, a well-known cryptocurrency exchange based in Singapore, has recently announced a partnership with Standard Chartered, a multinational banking institution. This partnership aims to offer fiat services to retail users worldwide. By leveraging Standard Chartered’s banking and payment solutions, Crypto.com will enable users to make deposits and withdrawals in the United States dollar (USD), the
The latest report by TRM Labs has shed light on a troubling trend in the cryptocurrency industry – the prevalence of illicit activity at crypto ATMs. Unlike traditional cryptocurrency exchanges, these machines lack stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, making them a magnet for criminals looking to anonymously move funds. The
The demand for bitcoin (BTC) in the United States has been on the rise recently, particularly following comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium. This increased interest in BTC from U.S. investors has been reflected in various metrics, such as the Coinbase Premium, which surged to 0.11%, its highest
As the highly-anticipated 2024 bitcoin bull run continues to unfold, it is quite evident that the journey towards the coveted $100,000 mark has hit some roadblocks. Despite breaking its 2021 all-time high earlier in the year, Bitcoin has struggled to maintain its momentum and has faced several challenges along the way. While hopes were high
Recently, the U.S. Securities and Exchange Commission (SEC) filed a complaint against brothers Jonathan Adam and Tanner Adam for allegedly running a $60 million Ponzi scheme. The complaint was lodged in the United States District Court for the Northern District of Georgia, Atlanta, accusing the siblings of defrauding over 80 individuals. The brothers purportedly claimed