Day: February 25, 2024

Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report

boss

In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event in April 2024. The company emphasizes the halving event’s potential to reduce mining rewards as […] Original

Crypto bulls take aim at US politics with $80m war chest

Pro-crypto super PACs (political action committees) raked in $80 million, earmarked for candidates who favor cryptocurrency regulation and innovation. According to Politico, three super PACs — Fairshake, Protect Progress, and Defend American Jobs — are backed by crypto industry behemoths like Coinbase, Ripple, and Andreessen Horowitz. And they’re putting money to work. In West Virginia, for example, the crypto-funded group Defend American Jobs recently bankrolled the candidacy of Governor Jim Justice with $1.5 million. Justice, lauded by former President Donald Trump for his commitment to various conservative causes, has found…

Satoshi Nakamoto’s Growing Fortune Nears Entry Into World’s Top 25 Richest Individuals

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings […] Source CryptoX Portal

Worldcoin surges over 200% despite AI regulatory challenges

Worldcoin (WLD) is currently trading at $8.85, representing an over 253% price increase in the last 14 days. The recent surge was propelled by several factors: The launch of OpenAI’s Sora, an artificial intelligence-powered platform that converts text to lifelike videos (Worldcoin co-founder Sam Altman is also the CEO and co-founder of OpenAI) A whale wallet recently accumulated a substantial amount of WLD tokens — valued at $5.82 million — from Binance. This movement further contributed to the token’s upward momentum. Alameda Research’s recent ownership of $167 million in WLD…

Judge ruling favors Riot in case against energy officials

Riot Platforms and The Texas Blockchain Council (TBC) have secured a favorable ruling in their lawsuit against multiple U.S. energy officials, including the U.S. Department of Energy (DOE). According to a filing dated Feb. 22 in the U.S. District Court for the Western District of Texas, Riot and the TBC successfully convinced the district judge that immediate harm would occur without a temporary restraining order (TRO) to halt further data collection. On Feb. 25, the court granted a TRO preventing the Energy Information Administration (EIA) —which is part of the…

Quoth the Raven’s U-Turn: From Bitcoin Skeptic to Believer, Envisions a New Era of Financial Freedom

boss

In a candid interview about his past skepticism towards bitcoin, Chris Irons, also known as ‘Quoth the Raven,’ founder of Quoth The Raven Research, has taken on a transformative journey from doubt to belief in the leading digital currency. During an episode of the “What Bitcoin Did” podcast with Peter McCormack, Irons explains his newfound […] Original

Bitcoin falls short as global digital currency, ECB says

boss

Economists with the European Central Bank (ECB) contend that Bitcoin’s (BTC) limited usage disqualifies it as a legitimate form of currency. Zero value On Feb. 22, ECB director general for market infrastructure and payments Ulrich Bindseil, along with the bank’s advisor for market infrastructure and payments, Jürgen Schaaf, published a co-authored blog post titled: “ETF Approval for Bitcoin – the Naked Emperor’s New Clothes.” The two economists tee off by rebuking U.S. regulators who in January approved spot exchange-traded funds (ETFs) for Bitcoin. “For disciples, the formal approval confirms that…

Top 10 Proof Of Work Blockchains Like Bitcoin

boss

Proof of Work blockchains stand as the cornerstone of cryptocurrency technology, first popularized by Bitcoin, the original cryptocurrency. At their core, these blockchains rely on a consensus mechanism called Proof of Work (PoW). This mechanism is essential for validating transactions and creating new blocks without the need for a central authority. In a PoW blockchain, miners compete to solve complex mathematical puzzles. The first miner to solve the puzzle gets the opportunity to add a new block to the blockchain and is rewarded with cryptocurrency. This process not only secures…

Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022

Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position […] Source CryptoX Portal