In order to increase output and efficiency in preparation for the halving event, Bitcoin miner Bitfarms has purchased 87,796 miners. Bitfarms revealed their ambitions to expand their farm in the future, acquire more miners, and increase their capacity this year in a social media post on X on April 2.
On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
As the cryptocurrency market grapples with a bearish sentiment in the lead-up to the highly anticipated Bitcoin halving, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, finds itself in the spotlight. Renowned crypto analyst Ali Martinez conducted a recent price analysis that suggests ETH may face significant downward pressure in
The first node built on Base, an Ethereum Layer-2 scaling solution developed by Coinbase, marks Powerloom’s entry into the Base ecosystem. Powerloom is a leading composable data network that allows protocols to index and query blockchain data in a decentralized way. In keeping with its mission to provide actionable onchain data
A total of $10 million in cumulative investment has been successfully secured by Web3 gaming platform Gomble Games, a spinoff of the well-known game studio “111%,” with participation from prominent worldwide venture capital firms like Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings, and
A strategic alliance has been announced by GPU network that is decentralized io.net and Allora, a self-improving decentralized AI network. One of the best platforms for ML developers to quickly build scalable GPU clusters for AI model training and inference is Io.net. Moreover, io.net improves the computational efficiency and model accuracy
Leading on-chain credit marketplace Clearpool is excited to announce the debut of Credit Vaults, a unique offering backed by real world assets (RWAs), as part of its expansion into Avalanche. Credit Vaults provide steadier rates and stickier liquidity to accommodate the flood of new on-chain borrowers, including fintech and payment
In March 2024, the Bitcoin mining industry witnessed remarkable growth as cryptocurrency prices surged to new ATHs, propelling mining profitability to new heights. According to recent data, bitcoin miners generated a staggering $2.01 billion in revenue from rewards and transfer fees, marking a significant milestone in the network’s history. Of
Binance Charity, the charitable arm of the world’s leading blockchain ecosystem, joins forces with the Children of Heroes Foundation in an effort to provide aid and psychological rehabilitation to children affected by the continuing conflict in Ukraine. Together, they want to host “I am Da Vinci,” a 12-day rehabilitative camp for
A notable downturn has marked the cryptocurrency market as bears exerted pressure, causing the overall market cap to drop by 5.89%. Bitcoin, the leading cryptocurrency, experienced a sudden decline to as low as $66,000, while Ethereum briefly fell to $3,319. During this period, the entire network witnessed a total liquidation
