Tag: Blockchain Technology

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Bitcoin Network Difficulty Reaches Record High Amid Price Volatility

Bitcoin’s network difficulty has reached a new high, hitting 90.67 trillion on August 2, 2024, as reported by CoinWarz. This achievement comes after a period of declining difficulty, indicating a resurgence in miner confidence...
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CleanSpark’s Bitcoin Treasury Grows by 567% Since 2023

CleanSpark, a public Bitcoin miner in the US, has seen a significant increase in its Bitcoin treasury, growing by 567% since 2023. The company reported mining 494 BTC in July 2024, with a total...
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Coinbase Reports Strong Q2 Revenue of $1.45 Billion Despite Transaction Decline

Coinbase recently announced their strong second-quarter revenue of $1.45 billion, surpassing market expectations despite a decline in transaction revenue. This is a significant improvement compared to the same period last year when their total...
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CleanSpark expands Bitcoin mining operations with first site acquisition in Wyoming

CleanSpark, a Nasdaq-listed BTC miner, has expanded its Bitcoin mining operations by acquiring its first site in Wyoming. The company has executed 75 megawatts of power contracts, with 30 MW allocated for the first...
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Bitcoin Airdrops: U.S. Government’s Political Influence on Protocol

Last week's Bitcoin Nashville conference made waves in the crypto world as former U.S. President Donald Trump and Senator Cynthia Lummis made significant statements regarding Bitcoin. Trump suggested using the government's existing holdings of...
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Building a Blockchain-Based Professional Network: Coinbase and Google Veterans Secure $5M

Icebreaker, a new professional networking platform co-founded by former employees of Coinbase and Google, has successfully raised $5 million in a seed round to develop a blockchain-based alternative to LinkedIn. The funding was led...
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HackaTRON Season 7 Launches with Google Cloud as Diamond Sponsor and Successful Kickoff at...

HackaTRON Season 7 has officially launched with Google Cloud as the diamond sponsor, marking a successful kickoff at Bitcoin Nashville. This collaboration brings together top-tier technology and blockchain innovation, showcasing the potential for cutting-edge...
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Cryptocurrency Market Analysis: Bitcoin, Ethereum, Solana Updates & Trends

After a period of stagnation in the cryptocurrency market, Bitcoin, Ethereum, and Solana saw a significant rebound towards the end of last week. Ethereum managed to recover from around $3,000, while Bitcoin and Solana...
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Ether ETFs Experience $340 Million Outflows in Debut Week

Ether exchange-traded funds (ETFs) had a rough start in their debut week, experiencing $340 million in outflows as investors pulled their money out of the Grayscale Ethereum Trust (ETHE) in favor of competing products....
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Solana Surpasses Ethereum in Weekly Fee Revenue: A Milestone Achievement

Solana has achieved a significant milestone by surpassing Ethereum in weekly fee revenue for the first time since its launch. According to Blockworks Research, Solana generated approximately $25 million in revenue during the week...