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Major Shiba Inu (SHIB) Updates, Bitcoin (BTC) Price Decline, and More: Bits Recap April 29

TL;DR Post-halving, Bitcoin dipped to $62,500 but analysts foresee a rally influenced by financial institutions’ involvement and historical trends. Upgrades to Shiba Inu’s Shibarium include a new user interface and…

Continue ReadingMajor Shiba Inu (SHIB) Updates, Bitcoin (BTC) Price Decline, and More: Bits Recap April 29

Veteran Trader Peter Brandt Suggests BTC May Have Topped, Predicts a Decline to Mid-$30K

According to veteran pro trader Peter Brandt, bitcoin may have peaked when it achieved a new all-time high of $73,835. However, there is a possibility that it could now decline…

Continue ReadingVeteran Trader Peter Brandt Suggests BTC May Have Topped, Predicts a Decline to Mid-$30K

South African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil

Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian…

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Binance Faces Stiff Competition as This Bitcoin Metric Declines: Kaiko

Binance’s dominance in Bitcoin trading outside the U.S. is dwindling as offshore exchanges expand their reach and regulatory landscapes evolve, reshaping the competitive dynamics of the digital asset industry. According…

Continue ReadingBinance Faces Stiff Competition as This Bitcoin Metric Declines: Kaiko

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about…

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Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per…

Continue ReadingAmid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs