As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022, while hash rate has reached new…

Tether’s chief technology officer, Paolo Ardoino dropped a hint that the operations are based in South America, but hesitated to reveal any more details beyond that. Paolo Ardoino, chief technology officer of stablecoin issuer Tether, recently found himself addressing rumors about images of large industrial containers online. These speculations led him to rejecting questions about…

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States. Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On Aug. 25, in an effort to catch crypto users avoiding taxes, the…

Bitcoin investors sit on their hands at $26,000 — can a velocity rebound reproduce the kind of breakout seen three years ago? Bitcoin on-chain activity is at levels last seen before its run to 2021 all-time highs, data shows. In an X (formerly Twitter) post on Aug. 25, Ki Young Ju, CEO of analytics platform CryptoQuant, revealed multiyear…

Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks. In a swift and intriguing turn of events, a previously enigmatic Bitcoin address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the…

In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member. The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger being pointed at three ex-team…