Bitcoin recently faced a slight decline from its record high of $99,800, dropping to $90,700. However, the Market remains optimistic as Bitcoin shows signs of recovery. Institutional interest is strong, exemplified by MARA Holdings, a major mining company that purchased 6,474 Bitcoins for $615 million, signaling confidence in Bitcoin’s future growth. Currently priced around $95,000, ...
Cryptocurrency has changed how we handle money by enabling secure and borderless transactions. However, it also has a serious drawback: high energy consumption, particularly from Bitcoin mining, which contributes significantly to carbon emissions. Currently, Bitcoin mining uses more energy than some countries. This article discusses the environmental impact of cryptocurrency, focusing on the push for ...
MARA Holdings, previously known as Marathon Digital Holdings, focuses on Bitcoin mining and holding. Recently, its stock has been on the rise, but many investors are cautious due to its heavy reliance on the volatile cryptocurrency Market. The company’s strategy of buying $100 million in Bitcoin and not selling mined assets puts it at risk ...
On November 28, 2024, cryptocurrency exchange XT.com suspended all withdrawals after a suspected hack led to the theft of around $1.7 million in digital assets. Initially, the exchange attributed the suspension to “wallet upgrade and maintenance.” However, a blockchain security firm, PeckShield, confirmed unusual transfers from XT.com’s wallets. The hacker exchanged the stolen funds into ...
Texas legislators are taking a significant step in reshaping the financial landscape by proposing bills to create a state-backed digital currency redeemable in gold and silver. Introduced by State Representative Mark Dorazio, these bills—House Bill 1049 and House Bill 1056—aim to offer Texans a stable monetary alternative to the traditional federal currency. This digital currency ...
Jackie Sawicky, the founder of the Texas Coalition Against Cryptomining, has decided to end her three-year fight against Bitcoin mining in Texas. She cites the recent election of Donald Trump and his pro-crypto policies as a significant factor in her decision. Sawicky’s activism aimed to address the environmental and community impacts of Bitcoin mining, including ...
Trump Media & Technology Group, known for its Truth Social platform, is currently not profitable and has limited revenue but does possess cash reserves. The company is exploring expansion opportunities, including potentially acquiring Bakkt Holdings, a cryptocurrency platform that, despite generating significant sales, is struggling with losses. While this acquisition could benefit Trump Media by ...
On November 28, 2012, Bitcoin experienced its first halving, reducing the mining reward from 50 BTC to 25 BTC. This pivotal event, celebrated on its 12th anniversary, marked a significant milestone in Bitcoin’s history. The halving, designed by creator Satoshi Nakamoto, occurs approximately every four years and will continue until the total supply reaches 21 ...
Bitcoin’s ongoing rise toward $100,000 is generating excitement in the crypto community, particularly for altcoins like Dreamcars and Vechain. As Bitcoin’s popularity increases, it may lead to substantial growth for these altcoins, potentially yielding 100x returns. Dreamcars allows users to own shares of luxury cars and earn passive income from rentals, while Vechain focuses on ...
A U.S. appeals court has decided that the U.S. Treasury Department overstepped its authority when it sanctioned the cryptocurrency mixer Tornado Cash in 2022. Tornado Cash was accused of helping launder over $7 billion for cybercriminals, including those linked to North Korea. The ruling favored six users of Tornado Cash, supported by the exchange Coinbase, ...
