Research Shows Bitcoin’s Poised for Potential Rally by Year-End
The most recent report from 10x Research suggests that Bitcoin may be on the brink of a substantial rally by the end of 2024 while cautioning on potential risks of investing. The report emphasizes the volatility of the year thus far. However, it also explores a paradigm shift in the context of the cryptocurrency market’s […]
Everything You Need to Know About Coin Mining
Coin mining, or cryptocurrency mining, is the process of creating new digital coins or tokens and verifying transactions on a blockchain network. This operation in decentralized currencies is essential in maintaining the security and integrity of blockchain networks like Bitcoin, Ethereum, and many others. In this article, we will discuss the mechanics of coin mining, […]
Bitcoin Transaction Fees Hit Four-year Low
Bitcoin Transaction fees reached a four-year low on July 7, dropping to $38.69. Miners continue to generate profits due to the decreased computational power requirements. On July 7, the average fees associated with each Bitcoin transaction reached their lowest point in four years, at $38.69. This figure was last observed at the height of the […]
Digital Asset Inflows See $441M as BTC Price Weakens
A recent report from CoinShares has revealed $441 million in inflows for digital asset investment products over the past week, driven by Bitcoin price weakness. The July 8 report also emphasized a $398 million inflow into Bitcoin. The probable causes of investors’ purchasing sprees, as per CoinShares, were the weakness of Bitcoin prices, activity from […]
Bitcoin Miner CleanSpark Set To Claim GRIID for $155M
Bitcoin Miner CleanSpark acquires GRIID in a $155M all-stock deal, improving bitcoin mining operations and sustainable practices. CleanSpark , a bitcoin mining company, has signed a definitive merger agreement to acquire GRIID Infrastructure Inc. (Nasdaq: GRDI) in an all-stock transaction valued at $155 million. This acquisition, anticipated to be finalized in the third quarter of […]