Binance Coin (BNB) finds itself at a critical juncture as the broader cryptocurrency market grapples with renewed bearish pressure. With Bitcoin struggling to breach the $60,000 mark, altcoins, including BNB, face mounting challenges in sustaining their recent recovery runs. The past 24 hours have witnessed a staggering $137 million in
Zug, Switzerland, 12th August 2024, Chainwire
In 2024, Bitcoin miners have encountered significant financial challenges, with daily revenue dropping to an unprecedented low of $2.5 million. This decline marks the lowest point in the year and reflects the increased difficulty of mining operations. According to the information on Blockchain.com, the mining revenue has dropped to -0.06%.
Digital asset investment products experienced a notable rebound last week, with inflows totaling $176 million as investors capitalized on recent price weaknesses, reported coinshares. This surge in investment follows a period where total Assets under Management (AuM) dipped to $75 billion, a decline of over $20 billion during a market
A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability. The
A piece of legislation to legitimize Bitcoin (BTC) and crypto mining was adopted by Russian President Vladimir Putin on August 8th. As part of its foreign policy, the nation is working to lessen its need for the US currency. Approved mining enterprises will be able to register via a state
Vancouver, Canada, 8th August 2024, Chainwire
Azarus, a streaming overlay platform, has reported that its Evo Tournament campaign saw record levels of engagement. Setting new standards for user engagement, Azarus collaborated with Twitch to run interactive overlays throughout the AT&T-sponsored event. The world’s top esports players and spectators came together for the Evolution Championship Series (Evo), which took
The UK’s financial watchdog, the Financial Conduct Authority (FCA), has issued fresh guidelines for cryptocurrency companies that promote cryptocurrency services. In October 2023, the FCA implemented laws regarding the marketing of cryptocurrencies and has since been assisting the sector in meeting these requirements. The authority looked at how businesses were
Toronto, Canada, 7th August 2024, Chainwire
