BTC mining costs reach 10-month lows as miners use more efficient rigs
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network.
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NYDIG to Provide the New York Yankees With Bitcoin Payroll Services
On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New…
‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’
On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin…
Bitcoin, Ethereum Technical Analysis: BTC Briefly Moves Back Above $20,000 During Volatile Day of Trading
Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United…
Bitcoin, Ethereum Technical Analysis: ETH Remains Below $1,100 Despite Prices Rebounding on Wednesday
Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under…
Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows.
Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength
BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S.…
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000 to Start the Week
Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Following a recent run towards $22,000, the world’s largest crypto dropped below $21,000…
Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been…
70 to 90% Down — Crypto Economy’s Decline Shakes Out $2 Trillion in 8 Months
During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on…
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