Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

Bitcoin (BTC) hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate decision. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView... Read more »

Bitcoin boost delivers market reprieve

The cryptocurrency market cap saw net inflows of $17.9 billion over the last 24 hours and currently stands at $1.18 trillion — up 1.5% from $1.16 trillion. During the reporting period, Bitcoin... Read more »

White House advisors renew push for 30% digital mining energy tax

The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change.  The... Read more »

Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change

While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height... Read more »

Marathon mined $20M Bitcoin in April and increased hash rates, BTC holdings

Crypto mining firm Marathon Digital Holdings on May 2 reported growth in some areas during its monthly review for April. Marathon produced 702 BTC (currently worth $20 million). That amount, measured in... Read more »

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered... Read more »

ATH for hash rate, daily transactions and Ordinals

A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared to 439 exahash per second (EH/s). Moreover, the... Read more »

Crypto market dips 1.5%, Litecoin defies wider downtrend

The cryptocurrency market cap saw net outflows of $17.1 billion over the last 24 hours and currently stands at $1.16 trillion — down 1.5% from $1.18 trillion. During the reporting period, Bitcoin... Read more »

Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s

Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up... Read more »

MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit

Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020.  The Michael Saylor-founded firm went back into the green in... Read more »