Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the second quarter of 2024. However, this marked a 16% decline quarter-over-quarter. The decrease in revenue is primarily attributed to the reduction in block rewards resulting from the BTC halving event that took place on April 19, 2024. In addition
Santiment recently released a ranking of the top digital assets in terms of notable development activity for the last 30 days. Taking the lead in this ranking is Internet Computer (ICP) with an overall score of 570.1. This token is the second-largest in the Artificial Intelligence (AI) realm, boasting a market capitalization of almost $3.5
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism, with a keen focus on blockchain and digital assets. His journey in this field has been marked by a deep passion for demystifying the complexities of crypto and advocating for its widespread adoption. Semilore Faleti’s career in crypto journalism began with a strong
After a tumultuous weekend that saw Bitcoin’s price drop to a six-month low of $49,500, the cryptocurrency managed to make a strong recovery, surging back to almost $63,000 by Friday morning. This rapid increase in value marked a gain of over $13,000 in less than a week. However, Bitcoin failed to sustain this upward momentum
CoinShares, a leading European investment company, has announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled from the same period in 2023, with a recorded revenue of £22.5 million ($28.5 million) in Q2 2024, representing a 110% year-over-year growth. After paying taxes, CoinShares’ operations generated profits of £403.9
Recently, crypto analyst Benjamin Cowen discussed the potential impact of the death cross indicator on Bitcoin’s chart. This indicator has reappeared, making the $62,000 price level a crucial point for Bitcoin to avoid another price crash. In a video posted on his YouTube channel, Cowen highlighted the significance of Bitcoin holding above $62,000 to prevent
Tyler Winklevoss, co-founder of the crypto exchange Gemini, did not hold back in his recent criticism of Vice President Kamala Harris’s “reset” of the crypto stance. In a bold post on X, Winklevoss labeled Harris’s actions as a “scam.” This scathing critique comes on the heels of Winklevoss’s disappointment in Harris for skipping a roundtable
The past week was a rollercoaster ride for investors of Bitcoin ETFs. Starting on a negative note, nearly $240 million left the eleven funds, marking the worst day in three months. The trend continued with $168.4 million being withdrawn at the beginning of the new week. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were
Celsius, a once-prominent crypto lender, has filed a lawsuit against Tether, claiming that the stablecoin issuer wrongfully liquidated more than $800 million worth of BTC that Celsius had posted as collateral. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York, alleges that Tether breached its contract with Celsius by
In the late 1990s, during one of Berkshire’s famous shareholder meetings, Charlie Munger emphasized the importance of reaching the first $100,000, calling it a crucial step in financial success. This advice still holds true today, especially in the world of Bitcoin. As of 2024, there are more than 450,000 Bitcoin addresses holding BTC worth $100,000