Recent data from Bitbo, a leading bitcoin on-chain analysis platform, reveals a concerning trend for BTC miners. In August, miners suffered their worst month in nearly a year in terms of revenue generation. The total revenue generated from mining activities dropped to $827 million, a significant decrease of more than 10% from July’s $927.35 million.
Crypto
The digital asset investment products market experienced a significant $305 million in outflows last week, leading to a widespread negative sentiment among various providers and regions. CoinShares has attributed this trend to the release of stronger-than-expected economic data from the United States. This economic data has not only impacted the market sentiment but has also
Bitcoin’s price took a significant hit in the past 24 hours, dropping to a 2-week low of $57,100. This sudden slump comes after a period of volatility in the market where the leading cryptocurrency failed to sustain its previous gains. Just a week ago, BTC surged to over $65,100 following positive developments in the US,
Recently, a London resident named Habibur Rahman made history by becoming the first person in the UK to face criminal charges for operating a Bitcoin ATM without proper registration. This groundbreaking incident occurred after a raid conducted by Kent Police at a gadget shop in Chatham, where Rahman was found to have multiple crypto ATMs,
Bitcoin, the popular cryptocurrency, has been receiving a lot of attention lately for its reliability and success in the digital space. With a track record of never failing to execute new transactions and never being hacked at its core, Bitcoin has proven its ability to deliver on its promises. As one commentator aptly put it,
The payments industry has seen significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. However, it faces a critical issue – the reliance on outdated technology that is becoming increasingly inefficient. As highlighted in a report by Binance Research, blockchains, distributed ledger technology (DLT), and applications built on
In a game-changing move for the cryptocurrency world, the Singapore-based exchange Crypto.com has recently partnered with Standard Chartered, a multinational banking giant, to offer fiat services to retail users globally. This collaboration opens up new possibilities for users looking to seamlessly transition between traditional fiat currencies and cryptocurrencies. Standard Chartered will provide banking and payment
The latest report by TRM Labs has shed light on a concerning trend in the world of cryptocurrency – illicit activity at crypto ATMs. The findings reveal that these machines have processed over $160 million in illicit volumes since 2019, with the proportion of illicit transactions at crypto ATMs reaching 1.2% of their total volume
The recent surge in demand for bitcoin (BTC) in the United States can be attributed to Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium. While BTC has seen a rally in the U.S. market, the overall demand for Bitcoin globally has remained relatively low in recent weeks. This discrepancy highlights the growing
The highly-anticipated 2024 bitcoin bull run has not gone according to plan, despite the asset breaking its 2021 all-time high early on. As Bitcoin struggled to maintain its momentum towards the $100,000 mark, Perplexity identified several factors that could potentially fuel another run by the end of 2024. Earlier this year, Bitcoin made history by