Polygon (MATIC), once a high-flying cryptocurrency that crossed the $1 mark in December 2023, is now facing increased selling pressure as defunct Celsius, a notable crypto entity, transfers millions of MATIC tokens to centralized exchanges like Binance and Crypto.com. This move has raised questions about the cryptocurrency’s price trajectory. Spotonchain,
Prominent institutions, including Celsius Network and Alameda Research, are depositing substantial amounts of Ethereum (ETH) onto centralized exchanges like Coinbase. This strategic shift comes at a time when Ethereum’s performance has lagged behind other major cryptocurrencies, such as Bitcoin and Solana, in the ongoing bullish market. Celsius Network’s Noteworthy Ethereum
A long-standing debate in the crypto and blockchain spaces has been regarding the ease of use and convenience of centralized platforms vs. having user-owned-and-controlled wallets for storing and managing customer assets. If the primary motivation behind blockchain development is a desire to move from the risks and restrictions of centralized
Bitcoin bulls are keeping a close watch on past developments that indicate December might be another positive month for the BTC price. Bitcoin’s price has been on an upward trend lately; it gained 28.5% in October and is anticipated to record a 7.18% surge by the end of November. According
MIAMI–(BUSINESS WIRE)–Today, U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp (USBTC) is thrilled to announce that its stockholders have overwhelmingly voted in favor of the proposed business combination (the “Transaction”) with Hut 8 Mining Corp. (“Hut 8”) (Nasdaq: HUT) (TSX: HUT), one of North America’s largest and innovative digital
The spectacular fall of FTX last year shook the crypto world to its core, destroying a good amount of the remaining trust that investors had in the top centralized exchange platforms. Trust in CEX platforms had already been eroded by similar collapses at Three Arrows Capital and Celsius, and the
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
U.S. SEC Chair Gary Gensler went on to criticize the crypto industry today during a Senate hearing with lawmakers, but he would not provide any hints as to the agency’s plans regarding the numerous applications for Bitcoin spot ETFs that it is presently evaluating. Senator Bill Hagerty (R-TN) questioned Gensler
Selected Unaudited Financial Highlights for Q2 FY 2023 Total Revenue of $10.6 Million Self-Mining revenue of $4.9 Million and Hosting revenue of $4.6 Million Self-mined Bitcoin revenue increased 78% Q/Q and Self-mined Bitcoin Increased 50% Q/Q to 182 BTC SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital
