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Why is Bitcoin hash rate so important for its security?
Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), […]
Judge may impose ‘extraordinary’ response of up to 7 years in prison for Craig Wright’s lies
Craig Wright faced a decisive blow in the courtroom today as the UK High Court delved into the penalties and injunctive relief in his case against the Crypto Open Patent […]
StanChart predicts new ATH on favorable payroll data, maintains $150k per token outlook
Bitcoin is poised to reach a new all-time high this weekend if upcoming payroll data on June 7 is favorable, according to Standard Chartered’s head of crypto research Geoffrey Kendrick. […]
Core Scientific Rejects $1 Billion Buyout Offer from CoreWeave
Core Scientific (CORZ) has rejected an “unsolicited” $1 billion buyout offer from CoreWeave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered […]
Fidelity believes investors should consider small Bitcoin exposure for long-term portfolios
Fidelity Investments believes that a modest Bitcoin (BTC) allocation could benefit investors regardless of their specific perspectives on the digital asset, CNBC reported. The asset manager’s head of digital asset […]
Bitcoin halving slashes miners’ production in May by over 40%
Several Bitcoin miners experienced a decline in BTC production in May due to the effects of the April Bitcoin halving event. The Bitcoin halving occurs approximately every four years and […]
Core Scientific inks $3.5B AI deal with CoreWeave to diversify beyond bitcoin mining
Core Scientific has entered into a significant 12-year agreement with CoreWeave, an AI hyperscaler backed by Nvidia, to provide approximately 200 megawatts (MW) of infrastructure for high-performance computing (HPC) services. […]
Bitcoin ETFs show ‘staying power,’ now landing in Thailand
Thailand looks to ban Facebook next week over crypto ad scams Crime 10 months ago Thailand’s Ministry of Digital Economy and Society (DES) is taking steps to shut down Facebook […]
Hackers recover $3 million Bitcoin from 2013 wallet through ingenious password crack
Hardware hacker Joe Grand and his team successfully recovered $3 million worth of Bitcoin from a software wallet that had been locked since 2013. The project, which Grand described as […]
Bitdeer gains $150 million from Tether for ASIC-based mining rig development
Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to […]