Core Scientific, a Texas-based Bitcoin mining company, has announced impressive gains in both revenue and profitability for the first quarter of 2024. It reported a revenue of $150 million from digital asset mining, marking a 46% increase in its gross margin. The company’s success results from strategic efficiency and is a part of the broader…
In a significant move that could redefine financial transactions on Bitcoin (BTC), Lightning Labs is preparing to introduce stablecoins and other tokenized assets. Elizabeth Stark, CEO of Lightning Labs, announced this development during her appearance at FT Live’s Crypto and Digital Assets Summit in London. Lightning Labs Unveils Plan to Integrate Stablecoins on Bitcoin Network…
Bank of America has issued a timely warning to investors: resist the urge to sell in May, particularly ahead of the upcoming Consumer Price Index (CPI) report. This advice comes as the CPI data for April 2024, set to be released by the US Bureau of Labor Statistics on May 15, looms large over financial…
Pantera Capital projects an astonishing ascent for Bitcoin, estimating its value at $117,000 by August 2025. This price prediction hinges on historical data surrounding Bitcoin halvings — a phenomenon that halves the reward for mining a block on the network. Pantera Capital’s Bitcoin Price Prediction In a recent report, Pantera Capital suggests that post-halving periods herald…
In a surprising twist in the crypto markets, Worldcoin (WLD) has seen a robust 30% surge over the past week. This has been fueled by swirling rumors about a potential new product from OpenAI. Worldcoin’s Value Increases Amid OpenAI Rumors This increase in value aligns with speculative interests as traders anticipate the launch of a…
OpenSea, a non-fungible token (NFT) marketplace, faces a significant challenge with its daily trading volume in ETH NFTs. This volume has dropped to its lowest point since May 2021, with figures currently hovering around 600 ETH per day. OpenSea NFT Volume Hits Record Low Since May 2021 OpenSea hit a record for the lowest monthly sales…
Floki Inu (FLOKI) has recently attracted considerable attention from seasoned and amateur crypto investors, marking significant market movements. Despite a dip of 6.53% in the last 24 hours, FLOKI showcased a resilient performance over the past week, boasting a 17% increase. Crypto Investors Buy Floki Inu Savvy investors have infused millions into various meme coins,…
In a move to combat disruptive trading practices, crypto traders have collectively invested over $9.5 million in recent weeks to safeguard Solana transactions against “sandwich attacks.” This phenomenon, prevalent in blockchain ecosystems, involves bots exploiting transaction latency by placing their own orders before and after a target transaction to manipulate market prices. Crypto Traders Want to Stop…
In April, Hut 8, a major player in North America’s Bitcoin mining scene, reported a significant 36% reduction in its Bitcoin production. This drop has come in the wake of the latest Bitcoin halving event and the relocation of the company’s mining operations. Unlike the broader decline across the industry, which saw a decrease in production by…
In a push to harness cutting-edge technology, Mastercard, Visa, JPMorgan, and Citigroup are setting the stage for what could be a revolution in financial markets with distributed ledger solutions. The financial giants have united to launch the Regulated Settlement Network (RSN). Distributed Ledger Technology for Multi-Asset Settlements The RSN plans to integrate commercial bank money with…