Bitcoin Bitcoin -2.77% Mining firm Riot Platforms reported widening losses in the second quarter of this year as the impact of the Bitcoin halving in April continues to linger.Riot reported a net loss of $84.4 million in the second quarter of this year, compared to a net loss of $27.4 million in the same period last year, according to the company’s latest quarterly report. report It was released on Wednesday.The miner’s total revenue fell to $70 million in the second quarter from $76.7 million in the same period last year. “The decrease was primarily due to a $9.7 million decrease…
Author: Crypto Flexs
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Mantle (MNT), an Ethereum Layer 2 (L2) project, has been gaining widespread attention recently. MNT is a cryptocurrency in its own right and has outperformed tokens on other blockchains in its category, but this analysis focuses on recent developments. A drop in Mantle TVL has ripple effects on the network According to DeFiLlama, Mantle’s total value locked (TVL) reached an all-time high of $636.5 million on July 24. Commonly referred to as TVL, this measures the value of assets locked or staked in the protocol. The higher the TVL, the more trustworthy the network is to be seen as being…
Jorg Hiller August 1, 2024 07:32 Riot Platforms reports Q2 2024 earnings despite Bitcoin halving, reporting $70 million in revenue and a hash rate of 22 EH/s. Riot Platforms, Inc. (NASDAQ: RIOT), a leader in vertically integrated Bitcoin mining, has reported financial results for the second quarter of 2024. According to riotplatforms.com, the company achieved total revenue of $70 million and a distributed hash rate of 22.0 exahashes per second (EH/s). Operational Highlights During the quarter, Riot powered up its second large-scale facility in Corsicana, Texas, bringing the two buildings online with a combined…
Nader Al-Nazi is the founder of BitClout, a blockchain social media platform that raised $257 million through a token offering. The SEC’s charges relate to violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. The U.S. Securities and Exchange Commission has charged Nader Al-Nazi (aka “Diamond Hands”) with fraud and selling unregistered securities. Nader Al-Nazi is the founder of BitClout, a cryptocurrency social media platform that raised $257 million in its own token ICO. Arrest of Alnaji He reportedly told investors the money would not be used for personal purposes or paid to BitClout team…
On July 30, the cryptocurrency liquidation volume decreased to $132 million. Liquidation of BTC will push back up to $70 and ETH will rise towards $3,450. The cryptocurrency market has seen a lot of volatility over the past few days, which can be attributed to several factors. In the meantime, there has been a sharp increase in cryptocurrency liquidations. This comes as the Federal Reserve is expected to decide on a new monetary policy. Increase in cryptocurrency liquidations According to recent data, liquidations in the cryptocurrency market amounted to $170 million. Most of these positions were long positions, which are…
Ted Hisokawa Aug 1, 2024 05:33 NVIDIA researchers are demonstrating real-time generative AI capabilities using NVIDIA Edify at SIGGRAPH, highlighting rapid 3D world building. NVIDIA researchers have demonstrated the impressive capabilities of real-time generative AI for creating immersive 3D environments. During a live demo at the Real-Time Live event at SIGGRAPH 2024, they showed how NVIDIA Edify, a multimodal architecture for visual generative AI, can rapidly build detailed 3D landscapes. Accelerate 3D world building This demo, which took place in one of the key sessions at the prestigious graphics conference, highlighted how an AI…
While the overall trend of Bitcoin (BTC) remains sideways, the daily chart shows several key support levels for a potential bounce, with the price hitting its third lowest high (LH) since March. Bitcoin’s lower highs could mean trouble.Previously, significant corrections of 23% and 26% were observed in April and June 2024, respectively, due to lower highs.BTC/USD on the 1-day chart. Source: Trading ViewThe retail BTC market is largely depressed, with the 7-day moving average spot volume falling 62% from $29 billion to $11 billion in just four months.However, Bitcoin futures and perpetual open interest are near all-time highs with positive…
Vancouver, BC: Cunningham Mining LimitedCunningham Mining Ltd, Canada’s leading mining and precious metals company, is proud to announce an innovative approach to transforming the legacy mining sector into a thriving digital asset economy. By leveraging digital assets and tapping into the “digital crypto economy,” Cunningham Mining Ltd is poised to revolutionize the financing and global reach of the mining and precious metals sector. The added value of embedding artificial intelligence and business intelligence throughout the evaluation and use process of tokenization delivery models creates efficiencies and makes it easier to leverage the decentralized finance “DEFI” model and community. Cunningham Mining…
Ether (ETH) last traded above $4,000 on March 14, two months before the U.S. Securities and Exchange Commission approved an Ether spot exchange-traded fund (ETF) on May 23. Traders are questioning whether the bullish momentum has faded and, if not, what could drive a sustained rally above $4,000.The launch of the Spot Ether ETF was not optimal. Part of the lack of investor enthusiasm can be attributed to the disappointing performance of the cryptocurrency market. The total market capitalization of the sector currently stands at $2.42 trillion, 16.5% below the March 14 2024 peak of $2.82 trillion. A contributing factor…
David Marcus, the founder of the Facebook-backed stablecoin Libra, has expressed support for the Republican administration and former President Donald Trump ahead of the upcoming US election.in post On Wednesday, Marcus said he had made a “gradual political 180-degree turn” over the years. After the Libra white paper was released, Marcus said he had spoken to lawmakers and made some observations, including that Republicans wanted to understand Libra’s goals and risks. “At the time, I still believed in the mainstream idea that the Democratic Party was about serving the people. But I was shocked to learn that while most Republicans…