With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024. This expansion aims to augment the company’s existing hashpower capacity. Core Scientific Plans for […] Source: https://news.bitcoin.com/core-scientific-set-to-boost-texas-mining-facility-by-72-mw-ahead-of-bitcoin-halving/
Month: April 2024
Bitcoin Depot Thrives Amid Cryptocurrency Volatility
Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has defied the highly volatile nature of cryptocurrency prices, revealing robust revenues in its recently filed 10-K annual report. Despite the rollercoaster ride of cryptocurrency prices, the company’s revenues in 2023 and 2022 amounted to $689 million and $647 million, respectively, showcasing resilience to Bitcoin’s price fluctuations. Bitcoin Depot’s…
ApeCoin Nears All-Time Low as Bored Ape Ethereum NFT Prices Plummet
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports ApeCoin, the Ethereum-based token tied to Yuga Labs’ namesake NFT collection, is firmly in the doldrums alongside its Ape-themed analogs following a tumultuous week for the…
Bitcoin’s Bullish Potential Ahead of Halving: Could the Rally Continue?
With the upcoming Bitcoin ‘halving’ on the horizon, cryptocurrency traders are abuzz with speculation about whether the digital currency’s current rally is just the beginning of a larger surge this year. The halving, a pivotal event in Bitcoin’s blockchain technology, aims to reduce the rate at which new bitcoins are generated, historically triggering substantial price rallies. Previous bitcoin halvings in…
UFC Fighter Shouts Out Mises, Wants to Be Paid in Bitcoin
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The writings of Ludwig von Mises—the famed Austrian economist of the early 20th century and hero to the Bitcoin faithful—are surging in popularity following an endorsement…
Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells Off Since the trading […] Source: https://news.bitcoin.com/mondays-market-action-sees-36-7-million-outflow-from-us-spot-bitcoin-etfs/
Bored Ape NFT Prices Plummet 90%: Are NFTs Doomed?
The value of Bored Ape NFTs has seen a drastic decline of 90%, dropping from a peak of 120 ETH to 10 ETH currently. During the cryptocurrency bull run of 2021, Bored Apes Yacht Club (BAYC) NFTs soared in demand, becoming one of the most sought-after collections. However, they have since fallen victim to a broader decline in interest affecting…
Mad Viking Games ® Just Secures US-Trademark and Unveils Ashes of Idunn ® MetaVerse
PRESS RELEASE. Mad Viking Games ® proudly announces its official registration as a U.S. trademark by the United States Patent and Trademark Office (USPTO) confirmed on April 16 2024. This landmark achievement is not merely a legal formality but a strategic step forward, reinforcing Mad Viking Games’ position as a company integrating Norse mythology with […] Source: https://news.bitcoin.com/mad-viking-games-just-secures-us-trademark-and-unveils-ashes-of-idunn-metaverse/
Drift Foundation Announces 100 Million Token Airdrop for Solana-Based Dex Users
On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift decentralized autonomous organization (DAO). Solana-Based Dex Platform Drift to Distribute Governance […] Source: https://news.bitcoin.com/drift-foundation-announces-100-million-token-airdrop-for-solana-based-dex-users/
Bitcoin Depot Thrives Amid Cryptocurrency Volatility
Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has demonstrated remarkable resilience in its revenues despite the volatile nature of cryptocurrency prices. According to its recently filed 10-K annual report on April 15, the company disclosed revenues of $689 million in 2023 and $647 million in 2022, indicating a strong performance unaffected by Bitcoin’s price fluctuations. Bitcoin…