The mining firm said it aims to have a hashing capacity of 28 MW at the Alabama facility by the fourth quarter, and 55 MW by the second quarter of 2023. Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort...Continue Reading

The soon-to-be former CEO said splitting the roles of MicroStrategy’s chief executive officer and chair would help the firm pursue its strategy of “acquiring and holding Bitcoin.” Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989. In...Continue Reading

The firm’s book-making took a huge hit after being exposed to the TerraUSD collapse. On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net...Continue Reading

Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong. According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An...Continue Reading

High correlation to stock markets and recession risks limit optimism on the part of BTC investors. Bitcoin (BTC) has been trending up since mid-July, although the current ascending channel formation holds $21,100 support. This pattern has been holding for 45 days and could potentially drive BTC towards $26,000 by late August. Bitcoin/USD 12-hour price. Source:...Continue Reading

DOT could witness an increase in demand after Polkadot’s launch of an intercommunication blockchain tool. Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart. DOT paints “cup and handle” pattern Notably, DOT has been forming a “cup and handle” pattern since mid-June, confirmed...Continue Reading

The hedge fund manager was part of a $50-million funding round for NFT company Recur, and backed a $21-million round for crypto analytics firm Messari through Point72. Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl. According to a Tuesday report from Bloomberg citing...Continue Reading

The Asian cryptocurrency exchange was impacted by the Celsius and Babel Finance defaults but is working with investors to resolve the situation. Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its...Continue Reading

The status quo sees a challenge from U.S.-China tensions as key levels remain in play for bulls. Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China. BTC price U-turns as Pelosi lands in Taipei Data from Cointelegraph Markets Pro and TradingView showed...Continue Reading

The Fantom market on Aave V3 adds just $30 each day to the DeFi protocol’s treasury; developers are also concerned that the integration creates security risks. On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform’s V3 Fantom market. Created in 2018, Fantom is a...Continue Reading