Tag: Blockchain Technology
AVAX Price Analysis: $21.73 Support Level in Focus – What’s Next?
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to...
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...
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...
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...
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...
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...
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....
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...
Michigan Pension Fund Invests $6.6 Million in Bitcoin ETFs
The State of Michigan Retirement System recently invested $6.6 million in 21Shares’ ARKB Bitcoin ETF. This disclosure comes as more US state pension funds are starting to buy spot Bitcoin ETFs. Michigan's pension fund...
Proposal for Federal Reserve to Adopt Bitcoin as Reserve Asset at Nashville Conference
Wyoming Senator Cynthia Lummis, known for her support of cryptocurrencies, is planning to propose a bold idea at the upcoming Nashville conference. She wants the Federal Reserve to consider holding Bitcoin as a strategic...
