The Drumheller mining plant, which accounts for only 1.4% of Hut 8’s Bitcoin (BTC). The corporation will be moving all of its Bitcoin miners to its site in Medicine Hat, Alberta. In Drumheller, Alberta, Canada, Bitcoin miner Hut 8 has decided to shut down operations owing to power outages and soaring energy prices. The notification […]
Ethereum Price Consolidates As The Bulls Aim For Surge Above $4K
Ethereum price extended its increase toward $3,900. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,880. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish flag pattern forming with resistance at $3,850 […]
‘Only a few’ Ethereum L2s will survive the next 5 years: Manta co-founder
Manta’s Kenny Li argues that only blockchains with a “modular” approach stand a chance of survival, but critics say the whole debate is just a marketing stunt. Of the 44 active Ethereum layer 2 blockchains in existence today, “only a few” will still be around in five years, says Kenny Li, the co-founder of Manta […]
SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation
The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda voicing their dissent and concerns about the SEC’s current approach toward crypto […]
BNB Chain Launches $160K Incentive Program for BSC Projects in Second Phase
BNB Chain unveils Phase 2 of its TVL Incentive Program, offering a prize pool of up to $160K for BSC projects to boost ecosystem growth. (Read More)
Filecoin (FIL) Boom, Pushd (PUSHD) Presale Erupts with Internet Computer (ICP) Fading
Regularly reviewing and adjusting the investment portfolio ensures it remains aligned with financial goals, market conditions and individual risk tolerance, optimizing for performance and growth. Amidst a boom in Filecoin (FIL) and fading interest in Internet Computer (ICP), the Pushd (PUSHD) presale has erupted in popularity. This trend indicates a realignment of investor interest towards […]
Litecoin (LTC) Price Analysis: Rally Could Resume Toward $100
Litecoin is gaining pace above the $80.00 resistance against the US Dollar. LTC price is now trading above $82.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $88.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain […]
Bitcoin Price At Risk of Another Downside Thrust Before Higher
Bitcoin price is struggling to settle above the $68,000 resistance. BTC is now consolidating and might decline toward the $63,400 support zone. Bitcoin price is struggling to gain pace for more gains above the new all-time. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a short-term bearish trend […]
SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation
The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda voicing their dissent and concerns about the SEC’s current approach toward crypto […]
MicroStrategy Raises the Stakes: $700 Million Committed to Bitcoin
The post MicroStrategy Raises the Stakes: $700 Million Committed to Bitcoin appeared first on Coinpedia Fintech News MicroStrategy, a business intelligence firm, recently announced its plan to conduct a private sale of $600 million worth of convertible senior notes. The company intends to use the funds to buy more Bitcoin (BTC) and cover its corporate […]