Bitcoin Miners Face Profit Squeeze as Hash Price Hits Lowest
Post-halving, Bitcoin miners see reduced profits amid high network hash rates. The hash price, measuring earnings per hash, hits its lowest since October 2023, dropping from $0.12 to $0.07. Miners have encountered an unexpected reality after achieving all-time highs on Bitcoin halving day: decreased revenues and a high network hash rate exert downward pressure on […]
Peter Schiff Forecasts Bitcoin (BTC) $60K Support Failure
American stockbroker, Peter Schiff predicts Bitcoin won’t sustain its $60,000 support level, continuing his criticism of the leading cryptocurrency. In what has since become a trend, American stockbroker Peter Schiff criticized Bitcoin, predicting that the most valuable digital asset by market capitalization will fail to maintain its psychologically significant support level of $60,000. The Bitcoin […]
Strike App Now Available to European Customers
Strike expands services to Europe, facilitating BTC transactions for new users, aiming to boost crypto adoption. Strike, a payment platform for Bitcoin (BTC), intends to extend its services to European clients to promote greater cryptocurrency adoption. The company announced the expansion to eligible European consumers in a recent press release. Strike releases an all-encompassing bundle […]
Grayscale Submits Form S-3 as SEC Postpones Decision
Grayscale moves closer to launching a Spot Ethereum ETF, filing Form S-3 to convert its Ethereum Trust, and bridging crypto investments with traditional markets. Grayscale, an industry-leading asset manager in the cryptocurrency sector, has made substantial progress toward establishing a Spot Ethereum ETF. The organization recently submitted Form S-3 to the U.S. Securities and Exchange […]
Hedera & Archax Tokenize BlackRock MMF Shares
Archax and The HBAR Foundation tokenize BlackRock’s US Treasury money market fund, bridging traditional finance and blockchain. Archax, a London-based broker, curator, and exchange for digital assets, has granted the BlackRock ICS US Treasury money market fund (MMF) access to its tokenization services. This endeavor, carried out in partnership with The HBAR Foundation, represents a […]