Cryptocurrency Analysis and News Portal
Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’ revenue has been on a downtrend since November 2020. Current Bitcoin Miners’ Revenue Meanwhile, BTC miners are experiencing some downturn in their
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"SoFi’s digital asset activities pose significant risks to both individual investors and safety and soundness. As we saw with the crypto meltdown this summer, where crypto-assets lost over $1 trillion in value in a matter of weeks, contagion in the banking system was limited because of regulatory guardrails," the letter
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Coinbase CEO and co-founder Brian Armstrong have applauded the work of citizen journalists and blockchain analysts surrounding the unfolding FTX crisis and its former CEO Sam Bankman-Fried.In a Nov. 16 tweet that has been retweeted over 9,000 times at the time of writing, Armstrong suggested that it has been regular
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has investments in FTX. Following the collapse of the crypto exchange, he said it’s a turning point for the industry, emphasizing that the “crypto bottom is in.” He is now pushing for crypto regulation. “What I’m going to be doing is I’m
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Third Point is part of a group of investors involved in bailout talks for Sam Bankman-Fried's troubled crypto exchange. Source
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It’s important to note that Perez is not attempting to predict the future. She is condensing the experience of five previous technological revolutions going back to the 1700s (factory production, steam/railway, steel/electricity, oil/cars/mass production and telecommunication) into recognizable patterns. And yet she could just as easily be talking about the
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After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently. DOGE suffers more sell-off as price
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Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations. Source
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Ether (ETH) was in an equally buoyant mood, sprinting past $1,500 at one point, a roughly 10% gain from Monday, same time, and its highest level since Sept. 15. Other major cryptos were also well into the green as investors recovered their appetite for riskier assets. SOL and ADA were
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BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services last week.BNY Mellon, America’s oldest bank, became the first large bank in the country to offer custody of institutional clients’ Ether (ETH) and Bitcoin (BTC) on Oct.
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