Bitcoin mining difficulty has soared to a new record high of 110.45 trillion. This marks a significant increase from the original network difficulty, making mining approximately 110.45 trillion times harder than when Bitcoin first launched. Difficulty adjusts every 2,016 blocks,…
The US Senate has voted to confirm crypto advocate and billionaire hedge fund manager Scott Bessent as the Treasury Secretary. The vote ended with the majority of 68 in favor, confirming that Bessent will formally be joining Trump’s cabinet. Scott…
Updated Jan 27, 2025, 5:37 p.m. UTCPublished Jan 27, 2025, 12:18 p.m. UTC Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy (MSTR) brought its bitcoin holdings to 471,107 following another week of accumulating tokens. Alongside, the company…
As bitcoin’s valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network. Miners have seen a marked…
Tuttle Capital Management has filed applications for ten cryptocurrency-based leveraged exchange-traded funds (ETFs), including funds tied to popular meme coins. Analysts suggest the filings are part of a broader strategy to test the boundaries of a Securities and Exchange Commission…
Jan 27, 2025, 9:24 a.m. UTC Bitcoin (BTC) miners Bitdeer Technologies (BTDR), CleanSpark (CLSK) and Core Scientific (CORZ) were initiated with an outperform rating by KBW, the investment bank said in a report Monday. The three bitcoin mining companies offer varying…
Operators of the world’s largest bitcoin (BTC) mining pools are quietly discussing a problem with BTC payouts. Despite mining BTC, securing BTC, and earning 100% of their revenue in BTC, pool operators are occasionally finding the currency itself to be…
Crypto exchange KuCoin on Monday pleaded guilty to operating an unlicensed money transmitting business and agreed to pay nearly $300m in fines and forfeitures. Peken Global, the company behind KuCoin, presented its guilty plea before US District Judge Andrew Carter…
Publicly traded U.S. crypto mining companies doubled their bitcoin (BTC) holdings last year, taking the total to 92,473 valued at $8.6 billion as of end-December while the price of the largest cryptocurrency rose 120%, according to data from TheMiningMag. The…
Bitget Wallet, a Web3 non-custodial wallet, unveiled its 2025 strategy on Monday, highlighting PayFi as a central component. In an announcement shared with Cryptonews, Bitget said that, as a platform with over 60 million users, it planned to redefine crypto’s…