Monthly archives: August 2024

Quick Take In 2024, IREN achieved a record Bitcoin mining revenue of $184.1 million, reflecting an increase in operating hashrate and Bitcoin prices. The company mined 4,191 BTC, a substantial rise from the 3,259 mined in FY23. As of Aug. 28, 2024, IREN has installed 15 EH/s in Bitcoin mining capacity, with plans to reach …

Continue reading “IREN shares rise 8% in pre-market trading following strong FY24 results and no debt”

Former US President Donald Trump‘s fourth NFT collection has generated over 22,000 transfers on the Polygon network, translating to more than $2 million in sales, according to on-chain data. This level of interest is noteworthy, mainly since these NFTs cannot be sold on secondary markets until Jan. 31, 2025. However, this performance starkly contrasts his …

Continue reading “Trump’s new NFT collection series 4 generates $2 million despite slow start”

Onchain Highlights DEFINITION: The Futures Term Structure is a graphical representation of the pricing for futures contracts expiring at increasingly distant dates into the future. The most common state of the graph, an upward slope, indicates a premium must be paid to purchase exposure, or delivery, of an asset in the future. Conversely, a downward …

Continue reading “Ethereum futures show strong upward trend across major exchanges”

The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell might be setting the stage for an uptick in market volatility. Glassnode Analysis Shows Bitcoin Market Entering a Tranquil Phase Amid Decline in Speculative Activity …

Continue reading “Bitcoin Market Reaches ‘Equilibrium’ as Speculation Declines, Glassnode Reports”

On Thursday, former President Donald Trump posted a video on X, where he announced his intention to chart a course for making the United States the “crypto capital of the planet.” As the video concludes, the logo of World Liberty Financial, a decentralized finance (defi) project founded by Trump’s sons, prominently appears. Trump Claims to …

Continue reading “Trump Set to Share Bold Vision: Turning the US Into the ‘Crypto Capital of the Planet’”

There’s a new meme coin making waves, and it’s caught the attention of industry experts. Crypto All-Stars (STARS) is trying to break the mold of typical meme tokens. Instead of just depending on a cute mascot, it’s aiming to bring something fresh to the table – a unique staking platform called the “MemeVault.” MemeVault – …

Continue reading “Crypto Expert Says This Meme Coin Could be the Best Buy for the Next Bull Run”

On Wednesday, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows, while spot ethereum ETFs managed to break their nine-day losing streak, pulling in $5.84 million in inflows. Spot Bitcoin ETFs Face $105M Outflow, Ethereum ETFs Bounce Back The biggest hit among spot bitcoin ETFs was ARKB, which saw a loss of $59.27 million. …

Continue reading “Bitcoin ETFs Lose $105M in Outflows as Ether ETFs Snap Losing Streak”

On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up …

Continue reading “Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump”

Sanctor Capital is a sanctuary where bright minds can find the support they need to maximize their impact on the industry. They have a long successful track record of guiding early-stage projects to Web3 market success. Ilya Abugov is a Partner at Sanctor Capital, a blockchain investment firm. He recently joined the Bitcoin.com News Podcast …

Continue reading “Navigating the Web3 Gaming Frontier: Insights From Ilya Abugov of Sanctor Capital”

The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players to support the development of Hong Kong’s tokenization market. Testing Tokenized …

Continue reading “Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions”