As Bitfarms Try to catch on Despite Riot Platforms’ hostile takeover, the company’s mining operations continue to recover. April Bitcoin Halving.Bitfarms mined 189 bitcoins last month. Up from 156 Bitcoin in May. It sold 134 of those 189 BTC for $8.8 million. The company now holds 905 BTC in its treasury, up from 850 last month, and worth $55.2 million when the BTC price is $61,000 on June 30, 2024.“We are making progress on upgrading our fleet and building new facilities, with over 39,000 new miners installed and over 39,000 older miners de-racked,” said Ben Gagnon, Chief Mining Officer. “Upgrades…
Author: Crypto Flexs
Read More
Bitcoin and the broader cryptocurrency markets have historically shown an uptrend in July, but traders are concerned that the Mt. Gox redemption could affect the strength of that trend.
According to Polygon Technology, Composability Labs is making significant progress in decentralized finance (DeFi) by developing Spark, a high-speed on-chain central limit order book (CLOB) designed to leverage the state minimization capabilities of Polygon (MATIC) Miden.Solving Blockchain State BloatState bloat is a persistent problem in blockchain technology, where data accumulates as usage increases, slowing down the system and increasing transaction costs. Polygon Miden solves this problem by incorporating state minimization, allowing blocks to be produced and verified without having to store the entire state of the zkVM rollup. Instead, using zero-knowledge proofs (ZKPs), users can…
Solana meme coin Dogwhiphot struggled to hit a three-month low last week. WIF hit an all-time high of $4.83 in March before later falling to $1.55. WIF’s success of recovering 45% in 7 days was driven by increased trading volume. Dogwhipheart (WIF), the popular Solana (SOL) meme coin, has seen a strong seven-day rally, rising 45% from its weekly low of $1.55. WIF is now halfway to the $5 price milestone, so the current price range is acting as a support floor for WIF as traders show renewed interest in spot and derivatives.WIF, daily trading volume surgesWIF is once again…
The U.S. Securities and Exchange Commission has sued Silvergate Capital Corporation, citing transfers with FTX and accusing the crypto-friendly bank of making false statements to the public about its anti-money laundering procedures. Crypto-Friendly Banks be liquidated The bank, which closed last year, was sued on Monday, according to a complaint filed by the SEC. The SEC also named the bank’s CEO, Alan Lane, former COO Kathleen Fraher, and former CFO Antonio Martino. The SEC found that Silvergate’s Bank Secrecy Act and AML compliance programs were inadequate. Specifically, the bank failed to take adequate measures to monitor the Silvergate Exchange Network,…
Circle’s USD Coin (USDC) has officially been approved as a MiCA-compliant electronic money token (EMT), making it the first major regulated stablecoin in the European Economic Area (EEA), according to a recent announcement from Binance. This development is expected to have significant implications for Binance users in the region. What is MiCA Compliance? The Markets in Cryptocurrencies (MiCA) Regulation is an innovative legislative framework established by the European Union to regulate digital assets. MiCA aims to provide legal certainty, promote innovation, and ensure consumer protection within the cryptocurrency industry. By complying with MiCA regulations, USDC…
As a global public resource, technology must be open, accessible, and dedicated to advancing the greater good. The Next Billion Fellowship program is a testament to this vision: to capture the stories of communities where lives are changing for the better. Today we are proud to feature seven people with incredible stories to share. Their stories give us a glimpse into their diverse contexts and possible futures—futures that uplift humanity, though we cannot fully predict them. Inspired by the stories of the Next Billion Fellows, we hope to imagine a future where open protocols of human coordination are leveraged as…
Introduction: What is TheFbtc?TheFbtc is a dynamic online trading platform that provides investors with the tools and resources they need to effectively participate in the financial markets. Known for its user-friendly interface and powerful features, TheFbtc offers comprehensive trading solutions for both beginners and experienced traders looking to navigate the complexities of global markets.Why Choosing the Right Platform Is ImportantChoosing the right trading platform plays a pivotal role in the world of investing. The right platform not only enhances your trading experience, but also supports your investment strategy with the right tools and resources. This should align with your trading…
Bitcoin (BTC) rose 4.5% from June 28 to July 1, breaking the $63,000 resistance level for the first time in a week. The previous decline was mainly due to concerns over the German government’s BTC trading with exchanges and concerns that Mt. Gox creditors would sell large amounts of Bitcoin during the bankruptcy process. However, this downtrend was reversed by three major factors, including the entry of new major investors into the market.Bitcoin/USD 12-hour price index. Source: TradingViewBitcoin FUD Transfers After Michael Dell Post and Spot ETF InflowsAccording to a report by on-chain analytics firm Arkham Intelligence, on July 1,…
Ethereum price is attempting a new uptrend above the $3,450 resistance zone. ETH needs to settle above $3,550 to continue its uptrend in the short term. Ethereum has been slowly rising above the $3,450 area. The price is trading above $3,450 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance near $3,415. To continue the uptrend, it needs to clear the $3,520 and $3,550 resistance levels. Ethereum price faces resistance Ethereum price has started a significant recovery above the $3,400 level. ETH has…