Riot Platform, a significant player in the Bitcoin (BTC) mining industry, has recently refuted claims that BTC mining contributes significantly to environmental pollution and exploits power grids to generate profits. Consequently, these reports come after the New York Times article claimed that Riot Inc uses a large amount of electricity
CleanSpark, a Bitcoin miner based in Sandersville, Georgia, in the United States, has announced the completion of a $144.9 million transaction to acquire 45,000 of Bitmain’s Antminer S19 XP Bitcoin mining machines. The first 25,000 miners will start trickling in over the month of August, with the remaining devices coming
MicroStrategy, an American software firm, has the highest corporate Bitcoin (BTC) holdings and is presently profiting from its cryptocurrency wager. According to an SEC filing made by MicroStrategy on April 5, the business and its subsidiaries bought roughly 1,045 Bitcoin for about $29.3 million between March 24 and April 4.
Bitcoin (BTC), also known as the queen of cryptocurrency and the leading cryptocurrency by market capitalization, has recently attracted the attention of investors in the crypto market. The reason for this recent buzz in the cryptocurrency market is that Bitcoin has managed to push its price up by over 6%
Bitmain, a cryptocurrency mining company located in Beijing, allegedly broke Chinese tax law and was fined heavily as a result. On April 11, the local news source Sina Finance reported that Bitmain Technologies had been hit with a tax penalty by the Beijing Municipal Office of the State Administration of
Bitcoin crossed the $30,000 mark, putting an end to its three-week-long consolidation. This largest cryptocurrency recorded its 10-month-high at $30,430, which is the new high peak after a cascade of crashes in 2022 — from Terra Luna collapse, Celsius, and FTX to the recent US bank runs. This breakout is
Since the beginning of the year, Bitcoin (BTC) has been rapidly increasing in value, attracting investors and traders in the cryptocurrency market. This follows a bumpy trend last year that caused the price of BTC to plummet to the $15K level. However, BTC bulls have recently managed to keep the
With a 70% increase this year, Bitcoin (BTC) has reached its highest price in nine months, substantially over $29,000. While the derivatives market has been revitalized by the recent upswing, total leverage use is still modest, indicating a minimal probability of “liquidations-induced” severe price movements. For almost three weeks, the
The greater a cryptocurrency’s market valuation, the more influential it is thought to be. This is why many people consider market capitalization to be the most crucial factor when deciding how to rank various cryptocurrencies. Since the beginning of the year, Bitcoin’s value has climbed by leaps and bounds, causing
Robert Kiyosaki, the author of Rich Dad Poor Dad, has expressed worry about the future of the United States, hyperinflation, and the possible collapse of the U.S. currency. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997. It has been on the list of best-sellers at
