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U.S.-Listed Bitcoin Miners Hit Record Market Cap

U.S.-listed bitcoin mining companies have achieved a record market capitalization of $22.8 billion as of June 15, as highlighted by JPMorgan analysts. In a recent report to clients, analysts Reginald Smith and Charles Pearce noted that the 14 U.S. listed stocks experienced significant rallies in the first half of June, with Core Scientific, TeraWulf, and […]

Congressman Ro Khanna to Host Major Blockchain Meeting in DC

California Democratic Congressman Ro Khanna is poised to spearhead a pivotal discussion on the future of blockchain and cryptocurrency innovation within the United States. A private email from Khanna’s office, which was disclosed by Bitcoin Magazine, reveals plans for a significant meeting set to take place in Washington DC in early July. The gathering is […]

Coolpad Ventures into Bitcoin Mining with $13.5 Million Investment

Coolpad Group, a prominent Chinese telecommunications provider based in Shenzhen and listed on the Hong Kong Stock Exchange, has announced a significant investment in Bitcoin mining. According to a recent filing, the company has allocated approximately $13.5 million for the purchase of Bitcoin mining rigs, marking a substantial pivot towards cryptocurrency within its business model. […]

Crypto ETF Expansion: A Mix of Greed and Opportunity

According to Tether and WAX co-founder William Quigley, the momentum behind cryptocurrency ETFs in the United States is set to accelerate, spurred by Wall Street’s insatiable greed for new, profitable products. Following the approvals of spot Bitcoin and Ethereum ETFs, Quigley forecasts a rapid proliferation of similar products for other major cryptocurrencies like Solana and […]

Riot Platforms Increases Stake in Bitfarms Despite Rejected Takeover Bid

Riot Platforms, a major player in the Bitcoin mining industry, persists in acquiring shares of Bitfarms even after its initial takeover bid was turned down. Toronto-based Bitfarms labeled Riot’s April offer, which valued the company’s shares at $2.30 each, as undervaluing the company. This rejection came despite Bitfarms’ share price standing at $2.81 just before […]

MicroStrategy Upsizes Note Offering to $786 Million to Boost BTC Holdings

In a bold move to expand its Bitcoin portfolio, MicroStrategy announced an increase in its offering of unsecured senior convertible notes from the initially planned $500 million to a whopping $700 million. This figure could further escalate to $786 million if initial purchasers exercise their option to buy additional notes. The announcement, made on Friday […]

UwU Lend Suffers Second Hack Amidst Reimbursement Efforts

UwU Lend, a decentralized finance (DeFi) protocol, has been targeted once again by the same hacker who orchestrated a $20 million exploit on June 10. The protocol was in the process of reimbursing users when the attacker struck again, stealing an additional $3.7 million. Cyvers, a blockchain security firm, alerted users to the ongoing exploit […]

Bitcoin Miners Face Pressure Post-Halving

The Bitcoin mining industry is feeling the impact of the post-halving adjustments, with transaction fees plummeting, thereby reducing overall revenues and squeezing margins for miners. According to on-chain analytics firm CryptoQuant, miners have begun offloading their Bitcoin holdings in recent weeks, with the cryptocurrency’s price oscillating between $69,000 and $71,000. CryptoQuant analysts have identified an […]