Bitcoin mining is being examined more closely by the U.S. Department of Energy (DOE). This week marks the beginning of a six-month energy consumption evaluation of selected U.S.-based miners by the Energy Information Administration (EIA). The EIA is a statistics department under the Department of Energy (DOE). The survey was
Despite Bitcoin’s (BTC) attempts to breach the $43,500 resistance level, it faced challenges in extending its gains, slipping below $42,800 in recent trading sessions. At the time of writing, Bitcoin was trading at $42,701, with a slight decline of 0.57% in the last 24 hours. In contrast, BlackRock and Fidelity’s
Ark Invest, led by Cathie Wood, has been buying up cryptocurrency-related stocks, including its Ark 21Shares spot Bitcoin ETF (ARKB). Last week, the ARK Next Generation Internet ETF (ARKW) spent $51 million buying 1.27 million ARKB units. The ARK Next Generation Internet ETF (ARKW) managed by Cathie Wood maintained its
Bitcoin (BTC), the largest cryptocurrency, has kept its investors on edge with a stagnant price movement in recent weeks. Currently, experiencing a modest surge of 0.33% in the last twenty-four hours and a 3.16% increase over the past seven days, it has slightly broken the tight trading range between $40,000
At Thursday’s hearing before the Senate Banking Committee, Senator Elizabeth Warren and other Democrats condemned the purported use of cryptocurrency in illegal financing and frauds. Senator Lindsey Graham (R-S.C.) is one of 19 senators who have lent their support to Warren’s Digital Asset Anti-Money Laundering Act, which she has been
After Bitcoin and altcoins plummeted post Jerome Powell’s speech, the cryptocurrency market has swiftly recovered. According to the chairman of the Federal Reserve, the members of the Federal Open Markets Committee (FOMC) did not believe that interest rate reduction could be implemented by March. The outcome was a negative market,
Social Network’s testnet release marks the formal debut of the first decentralized Bitcoin Layer 2 Staking Protocol with Native Yield. The protocol finally unlocks the potential for decentralized social networks on Bitcoin by addressing the network’s scalability, cost-effectiveness, and environmental sustainability. Top testnet contributors will get ‘Taproot Farmers,’ a unique
Marathon Digital Holdings Chairman and CEO Fred Thiel said on a recent edition of The Pomp Podcast that the impending halving puts Bitcoin in a better position for a greater rate of appreciation. Especially when compared with gold. Also, it should make things more stable when the market isn’t doing
Tech Giant Google has decided to lift its ban on cryptocurrency-related advertisements after five years, opening up its extensive advertising network to specific offerings, including the newly introduced spot Bitcoin ETFs. This marks a notable shift from Google’s stance in March 2018, when it and Facebook banned crypto-related ads to
GRIID, a cryptocurrency mining firm, situated in the United States, has formally gone live on the Nasdaq stock exchange. Up until this point, GRIID was known for operating Bitcoin mining operations that were vertically integrated and made use of cheap, low-carbon energy. Although it was founded in 2018, it wasn’t
