Bitcoin network hits record hash rate, profits falling for miners

Bitcoin network hits record hash rate, profits falling for miners

A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images It was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash … Read more

Coinbase, Marathon Digital, Riot Platforms lead drop in crypto stocks

Coinbase, Marathon Digital, Riot Platforms lead drop in crypto stocks

SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency … Read more

Bitcoin plunged 28%. Institutional investors bought the dip

Bitcoin plunged 28%. Institutional investors bought the dip

The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The selloff in bitcoin and ether began earlier this week and wiped out $367 billion in … Read more

Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off

Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off

Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months. The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose more than 2% to $2,457.73. Markets broadly bounced early Tuesday, including stocks tied … Read more

Crypto slides to begin August trading, nearly erasing its July gain

Crypto slides to begin August trading, nearly erasing its July gain

A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images Stock Chart IconStock chart icon Bitcoin tumbles with stocks on Thursday Disappointing data out Thursday fueled investor worries that the U.S. economy could be at risk of a recession – a day after the Federal Reserve … Read more

Here’s what he told them.

Here’s what he told them.

Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024. Jon Cherry | Getty Images News | Getty Images NASHVILLE — On Saturday morning at around 11:00 A.M. at the world’s biggest bitcoin conference … Read more

Cryptocurrencies suffer alongside tech stock rout, ether slides 6%

Cryptocurrencies suffer alongside tech stock rout, ether slides 6%

Picture Alliance | Getty Images Cryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022. Bitcoin was lower by 2% at $64,603.34 Thursday, according to Coin Metrics. Disappointing quarterly earnings from Alphabet and Tesla late Tuesday weighed on the rest of the tech sector … Read more

Bitcoin jumps as markets see increased odds of Trump victory

Bitcoin jumps as markets see increased odds of Trump victory

CFOTO | Future Publishing | Getty Images Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. The value of the world’s biggest cryptocurrency, bitcoin, was up around 4% at  12:25 p.m. London time, to $62,462.46, according to CoinGecko. The rally … Read more

Donald Trump, crypto take aim at SEC as Biden allies raise alarms

Donald Trump, crypto take aim at SEC as Biden allies raise alarms

Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024.  Brendan Mcdermid | Reuters On a cool, sunny June evening in San Francisco, the Pacific Heights mansion of venture capitalist David Sacks was the scene of an event that is rare to see … Read more

Donald Trump says he wants all future bitcoin to be mined in the U.S.

Donald Trump says he wants all future bitcoin to be mined in the U.S.

Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his presidential bid. (Photo by Eva Marie Uzcategui/Getty Images) … Read more