Tag: Digital Currency

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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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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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Kamala Harris’ Crypto Stance Unlikely to Sway Voters, Says Bernstein

Vice President Kamala Harris has recently been making efforts to connect with the crypto industry, but analysts at Bernstein believe that her actions may not be enough to sway voters in the upcoming US...
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Bitcoin Price Drops in Americas Following Tech Market Decline

Bitcoin's price has dropped to just above $64,000 in the Americas due to a stock market decline and weakening sentiment for risk assets. This led to over $250 million worth of bullish bets being...
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The Impact of a Democrat Win on U.S. Bitcoin Reserve: Trump’s Warning to Crypto...

Former U.S. President Donald Trump recently made a bold promise to establish a "strategic national bitcoin reserve" and vowed to never sell the government's seized bitcoin. This announcement was made during a speech at...
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BTC Dominates Crypto Market as Ether Price Falls in Reflection of Bitcoin ETF Launch

Bitcoin stood out in the cryptocurrency market during the Asia trading session, gaining 4.4% and reaching $67,000 while the CoinDesk 20 Index rose by 3.3%. Other tokens like Solana's SOL, ether (ETH), BNB Chain's...
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Michigan Pension Fund Invests $6.6 Million in Bitcoin ETF for Portfolio Growth

The State of Michigan Retirement System recently made a significant investment by adding $6.6 million in Bitcoin ETF holdings. This move, which includes 110,000 shares in ARK 21Shares Bitcoin ETF (ARKB), was disclosed in...
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Bitcoin’s Potential: 7% of Global Wealth, Price Surge to $13M in 21 Years

Michael Saylor, the executive chairman of MicroStrategy, continues to show his strong belief in Bitcoin (BTC) during the Bitcoin 2024 conference in Nashville. Saylor predicts that Bitcoin's price could surge to an astonishing $13...
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Bitcoin Price Surge Expected as Supply Decreases, Analyst Predicts

Christian, a dedicated journalist, delves into the world of cryptocurrency with a passion for storytelling and deciphering complex jargon for the masses. With a background in academia and a successful career in journalism, Christian...