TeraWulf’s recent earnings report for the second quarter of 2024 highlighted a decrease in Bitcoin production compared to the same period in the previous year. The company mined 699 BTC across its facilities, representing a 21% decrease from the preceding year. This decline in BTC output could be concerning, especially in the context of a
Mining
Confiction Labs, the developer of the popular shooter game Riftstorm, recently unveiled a new system called Proof of Exposure. This system is geared towards combating Web3 gaming bots by integrating NFT allowlist verification, a move aimed at addressing the growing issue of automated bot accounts disrupting the gaming experience for both developers and genuine players.
Core Scientific, a prominent Bitcoin mining company based in Texas, recently announced an upsized offering of $400 million in convertible senior notes due in 2029. Originally set at $350 million, the increase in offering size was attributed to favorable market conditions. The notes, scheduled to settle on August 19, 2024, will be issued privately to
As the cryptocurrency industry continues to grow and evolve, there is a pressing need for clear and concise regulations to guide companies in the space. Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna recently expressed his expectations for the Biden administration to release a crypto regulation roadmap in the coming weeks. These expectations stem from
As bitcoin faces another retreat, analysts are closely examining technical indicators and signals to determine its next move. According to CoinGlass, the liquidity heatmap is currently indicating key first-test lines at around $56,800. If BTC manages to bounce off this support level, it may test higher resistance levels. However, a weak bounce could result in
Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, marking a 16% decline quarter-over-quarter. This decrease is attributed to the reduction in block rewards resulting from the BTC halving event on April 19, 2024. Bitfarms reported a net loss of $27 million, or $0.07 per share, which includes a $1 million non-cash
European investment company CoinShares recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved a revenue of £22.5 million ($28.5 million) in Q2 2024, showing a 110% year-over-year growth from the £10.7 million ($13.5
Recently, Ripple found itself in the midst of a legal battle with the US Securities and Exchange Commission (SEC), culminating in a ruling that the company must pay a $125 million fine for violating certain securities laws. This amount pales in comparison to the initial demand of $2 billion by the SEC, causing many in
In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to
After a recent price crash that saw Bitcoin dip below $60,000, many hopeful investors were left wondering if the leading cryptocurrency would ever reach a new all-time high. However, analysts like CryptoQuant CEO Ki Young still believe that there is room for growth in the long term. Ki Young recently shared his bullish outlook for