November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said. What to know: December is expected to be a profitable month for bitcoin miners, the report said.…
Bitcoin (BTC) took a nosedive on Thursday, hitting an intraday low of $95,578 per coin, slipping more than 7% against the U.S. dollar in just one day. The whole crypto scene has shed over 11% in value, dragged down by…
Cango Inc., a Shanghai-based automotive transaction service platform, announced that it had completed the $256M cash-settled acquisition of on-rack crypto mining machines with 32 EH/s of hashrate from Bitmain. The company had previously announced this acquisition on November 6, together…
Haliey Welch, widely recognized as the “Hawk Tuah Girl” due to her viral online persona and the popularity of her podcast, Talk Tuah, has responded publicly to the ongoing controversy surrounding the $HAWK memecoin following a lawsuit filing. The influencer…
U.S. spot-listed bitcoin ETFs currently have an AUM of $120 billion compared to gold's $125 billion. What to know: Bitcoin's institutional adoption has increased in 2024, with integration into public balance sheets and the success of U.S. spot-listed ETFs. U.S.…
Over the past hour, bitcoin’s price holds tight at prices between $101,696 to $102,057 on Dec. 19, 2024, with a market cap of $2.01 trillion. It danced between $98,839.87 and $104,967 during the day, backed by a lively $104 billion…