HIVE Digital Technologies, an Indian mining company, has achieved 6.0 EH/s in operational hash rate, a 47% increase from the previous year in the same time period. Bitcoin (BTC): 269 per cent. Hit 6.0 exahashes per second in operational hash rate is a major milestone for Bitcoin miner HIVE Digital Technologies, which has made considerable progress. This represents a 47% increase from 4.08 EH/s at the end of 2023. The company, which has its headquarters in Vancouver, stated in a news release dated January 2 that the expansion resulted from upgrading its Bitcoin mining fleet with the most recent Avalon…
Author: Mubbsher Jutt
The Floki Decentralized Autonomous Organization (DAO) has approved a proposal stating that a percentage of the Floki supply should be allocated as liquidity funding for a Floki exchange-traded product. The decentralized autonomous organization, which supports the development of the FLOKI-0.63% FLOKI project, unanimously passed the proposal. This means that part of the 16.3 billion FLOKI tokens in the community buyback wallet will help fund the soon-to-be-launched Floki ETP. Meanwhile, the project will permanently burn the rest of the tokens. Floki to Launch ETP on SIX Exchange in 2025 Floki has a strong chance to become in light of this new…
Several influential figures in the digital asset market speculate that the leadership change could result in more favorable Crypto Regulations and laws. Less than a month separates this speculation from the scheduled inauguration of a new presidential administration and Congress in the United States. Ripple Chief Expects SEC Validation on Crypto Rules The actions taken by the Securities and Exchange Commission (SEC) could make any policy change implemented by the United States government visible to certain executives operating in the financial sector. Several enforcement proceedings were taken against cryptocurrency companies in the United States, including Ripple and Coinbase, by the…
The stock market on Wall Street is moving down a little. This is Tuesday, the last trading day of the Wall Street year, which has been beneficial overall. Bitcoin Gold and Stocks and gold are poised to end the year with substantial gains, while China’s industrial sector grew slower than expected in December. china’s Manufacturing Grows for Third Month On Tuesday, purchasing managers index data showed that China’s manufacturing sector expanded in December, although slower than expected. This marks the third consecutive month of expansion, thanks to the plethora of new stimulus measures that have been put in place. The…
In 2024, Bitcoin was by far the asset class that performed the best. This was because new exchange-traded funds brought about more widespread adoption of the Crypto ETF Growth, and the aspirations for deregulation that were brought about by a new presidential administration brought digital assets to record heights. The ownership of Bitcoin, however, was not without its typical unpredictability and dizzying swings, as evidenced by the trading activity of this month. Bitcoin Surges Then Slows Amid Fed Rate Cut Concerns The period immediately following the presidential election in the United States was the most prosperous stretch of the year…
A fresh record high of stablecoin reserves on cryptocurrency exchange Binance suggests that the price of Bitcoin Eyes $120K could be preparing to break out to $120,000. Based on statistics from Cointelegraph Markets Pro, Bitcoin BTC ($93,827) may be ready for a rally after a 10% fall from its all-time high of $108,300 on December 17th. According to Ryan Lee, chief analyst at Biget Research, Bitcoin might reach a high of more than $120,000 in January, propelled by the impending inauguration of US President-elect Donald Trump on January 20. Bitcoin May Hit $120K Before January Correction The expert told Cointelegraph…
As MicroStrategy Stock Faces became the largest Bitcoin investor, the company’s stock price closely followed the cryptocurrency. In the past 30 days, MicroStrategy shares have fallen 21%, whereas Bitcoin has fallen less than 2%. This is a major departure from the norm since MSTR stock usually follows Bitcoin’s movement. MicroStrategy Soars 320% with $42B Plan Compared to Bitcoin’s 100% increase, the stock’s price has increased by more than 320% this year. Some investors see it as a superior option to BTC and spot Bitcoin ETFs due to its outperformance of Bitcoin and the absence of an expense ratio. With 446,400…
With all eyes on the upcoming fund disbursements, the FTX Token has dominated this year’s cryptocurrency market. With a 245% increase from its September lows, FTX Token’s market valuation reached over $1.1 billion on Monday as it traded at $3.50. These gains may continue into January as the Bankruptcy Payouts case against FTX nears its conclusion. The next step is to pay out creditors and customers a total of more than $16 billion. FTX Estate Plan Approved Dividends Expected in March The FTX Estate announced in the middle of December that a Chapter 11 reorganization plan was accepted by a…
Web3 loyalty won’t be about ensnaring consumers in proprietary systems; firms must realize this if they want to thrive. The key is giving them agency so they can choose how to interact with businesses, own their data, and manage their benefits. Revolutionizing Loyalty Programs programs are more popular than ever before, but they also feel more dated than any before. Customers are still exchanging details for discounts, even when the inflation issue is easing; members pay a premium, while non-participants pay a “normal” price. Blockchain Revolutionizes Loyalty Programs This strategy is yielding results, despite its seeming paradox. The majority of…
The cash inflow has accelerated as the profit booking in the bitcoin market appears to have concluded. In preparation for the market’s second bull run, institutional investors and “whales” bolstered their already substantial winning positions. Cardano (ADA) and Binance Coin Cardano BNB and Cutoshi are examples of robust large capitalization that have done exceptionally well. Because of the higher win rate and profitability offered by potential coins like Bitcoin, astute investors are now moving their money away from these coins and toward others that have already experienced a vertical move. Cardano Faces Decline Support at $0.90 Since forming its peak…