Bitfarms invests $240 million to triple hash rate post-Bitcoin halving. Plans include acquiring 88,000 efficient miners, boosting capacity and efficiency. Solid financials and proactive approach position Bitfarms for success amidst evolving landscape.
EdmundScott Melker believes that during the last halving cycle, the price of Bitcoin rose from a high of $20,000 to a high of $69,000, an appreciation of 250.86%. If a similar trend emerges, “Bitcoin will be at $240,000.”
JinseFinanceFormer President Trump sold over 1,075 Ethereum for more than $2.4 million, primarily stemming from his involvement in NFT projects. Despite his indirect association with the projects, this move underscores his financial interest in cryptocurrencies. As the presidential race intensifies, candidates' stances on crypto may have significant implications for future prices and adoption.
BerniceFTX, the bankrupt crypto exchange, challenges the IRS's $24 billion tax claim, deeming it "absurd and meritless." The fluctuating tax bill, currently at $24 billion, covers income and employment taxes from 2018 to 2022. FTX emphasizes the need for a fair resolution to protect bankruptcy victims. The upcoming court hearing on December 13 will play a crucial role in determining the distribution of FTX's remaining assets.
BerniceA new Bloomberg report claims that embattled crypto exchange FTX and its associate firms held a "substantially higher” cash balance.
dailyhodlCrypto lending platform BlockFi addressed the rumors of a potential purchase from major crypto exchange platform FTX. Initially reported by ...
BitcoinistThe Terra Money Twitter account shared the finer points on Do Kwon's initial rescue plan: expanding the base pool, burning UST and staking LUNA.
Cointelegraph"Given what was at stake, I think our team made the best decision in the situation," said Polygon co-founder Jaynti Kanani.
CointelegraphIt appears record-level DeFi exploits have not hurt crypto enthusiasts' confidence in DApps.
CointelegraphAPE price now risks crashing by almost 20% from April 26's price, based on its rising wedge pattern.
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