As Bitcoin continues to gain popularity and value, concerns about its energy consumption have become more prevalent. However, a recent report by Coinmetrics suggests that the energy efficiency of Bitcoin has significantly improved over the past five years. The report also sheds light on the dominance of three specific mining rig models in the Bitcoin
The recent lawsuit filed by Cameron and Tyler Winklevoss, the billionaire twins who own the crypto exchange Gemini, against Barry Silbert’s cryptocurrency conglomerate Digital Currency Group (DCG) has raised eyebrows in the industry. While the lawsuit accuses DCG and its CEO Barry Silbert of defrauding creditors, many speculate that there might be ulterior motives behind
Renowned author Robert Kiyosaki, known for his personal finance book “Rich Dad Poor Dad,” has recently voiced his pessimism about the future of the US dollar. This comes as reports of BRICS nations planning to introduce a gold-backed currency become more prominent. Kiyosaki’s belief in the impending “death” of the US dollar coincides with his
Over the past 18 days, the price of Bitcoin has been trading in a narrow range of $29,900 to $31,160, much to the perplexity of investors. Despite a significant rally in mid-June that pushed Bitcoin to its highest price in over a year, the cryptocurrency has struggled to maintain prices above $31,000. This price stagnation
Cardano’s native token ADA experienced a significant setback in June when the United States Securities and Exchange Commission (SEC) categorized it as a security in its legal actions against Binance and Coinbase. This classification resulted in a 42.5% drop in ADA’s price, plunging it to a two-year low of $0.21 within a few days. Furthermore,
The Bitcoin market is currently witnessing a significant shift in the distribution of BTC supply. According to on-chain analytics firm Glassnode, the amount of Bitcoin held on exchanges has dropped to levels not seen since the all-time high in 2017. This trend has caught the attention of market participants and analysts as it indicates a
The recent enactment of the Markets in Crypto-Assets (MiCA) legislation by the European Union on May 31 has left the crypto industry buzzing with excitement and concern. While hailed as a groundbreaking regulatory framework for cryptocurrencies, one particular aspect of the legislation has caused apprehension among industry players: the introduction of a daily transaction cap
U.S. Senator Tommy Tuberville of Alabama and Congressman Blaine Luetkemeyer have taken decisive action by requesting an investigation into Prometheum, Inc. The lawmakers have expressed their concerns about potential false testimony to Congress and violations of U.S. securities laws. In a letter dated July 10, 2023, Tuberville and Luetkemeyer highlighted discrepancies between Prometheum’s statements before
