Bitcoin revenue per terahash nears record lows as hashrate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. NEWS Bitcoin
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Laos halts electricity supply to crypto mining projects amid drought
The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power
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Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2
In the quarter ended June 30, Exodus’ revenue declined by 4% year-over-year, but its results were boosted by 6% cost
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Dropbox ditches unlimited storage offering, blaming crypto cloud miners
The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining
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A third of US investors are open to trusting AI financial advice: Survey
In a recent survey from the Certified Financial Planner Board, 31% of investors said they would be fine to follow
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FTX crypto exchange reports a data breach involving claims agent Kroll
The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case.
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Tether maintains $3.3B in liquidity cushion: USDT transparency report
The total assets under Tether stand at $86.1 billion, with total liabilities amounting to $82.8 billion — thus confirming a
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Crypto builders should ‘give up’ serving US customers for 5–10 years — DYdX founder
The founder of dYdX argued that early-stage crypto projects could scale faster by not serving U.S. customers, as they won’t
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Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout
Bitcoin investors sit on their hands at $26,000 — can a velocity rebound reproduce the kind of breakout seen three
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Tether CTO stays silent on Bitcoin mining locations
Tether’s chief technology officer, Paolo Ardoino dropped a hint that the operations are based in South America, but hesitated to