Month: December 2024

With bitcoin (BTC) cruising past the $100,000 mark and the crypto economy swelling dramatically in value this year, multiple sectors saw significant expansion. Stablecoins, a major player in the digital asset realm, now exceed $200 billion in total valuation, reflecting a $73 billion increase in this subset of fiat-pegged cryptocurrencies. Stablecoins Flourish While Rankings Shift […] Source: https://news.bitcoin.com/2024-fiat-pegged-economy-swells-stablecoins-reach-200b-tethers-market-soars-50-new-players-emerge/

NEW YORK, Dec. 30, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York, announced today that is has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project in Montreal, Canada. This acquisition is part…

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Privacy is not a crime.  Yet when it comes to the crypto industry, projects and coins that enable users to tread lightly on-chain are facing higher levels of scrutiny than ever before. In 2024, government-led efforts to combat the use of coin-mixing services continued apace as developers behind Bitcoin Fog, Tornado Cash, and Samouri Wallet all faced challenges in court.…

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The meme coin craze is still going strong – and Flockerz (FLOCK) is the latest to grab traders’ attention. This new DAO-powered project has raised over $8 million in presale. And with just 22 days left until the presale ends, traders are rushing to grab FLOCK tokens at a fixed price while they can. Vote-to-Earn […] Source: https://news.bitcoin.com/viral-dao-powered-meme-coin-flockerz-passes-8m-milestone-with-just-22-days-left-in-presale/

Bitcoin could be in a position to finish the year on an upswing following a post-Christmas decline that took the price of the leading crypto asset to its lowest price in more than a month. The price of BTC dipped as low as $91,816 on Monday, per data from CoinGecko, which is the lowest price seen on its 30-day chart.…

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Bitcoin miners saw substantial shifts in their revenue during 2024, a pivotal year marked by the network’s fourth halving event. As bitcoin’s block reward dropped from 6.25 BTC to 3.125 BTC at block 840,000 in mid-April, the dynamics of mining profitability shifted dramatically, influencing revenue trends throughout the year. From Peaks to Valleys: The Dramatic […] Source: https://news.bitcoin.com/bitcoin-mining-revenue-in-2024-a-year-of-change-and-challenges/