Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%

Bitcoin miners have gotten battered this year, their stocks declining by more than 50% on average as the price of bitcoin slumped following last year’s bull run. Such market conditions have led to investor concerns that miners won’t be able to raise the funds they need for growth because building a large-scale mining operation is […]

Bitcoin Maintains $30K as Altcoins Consolidate (Market Watch) – CryptoPotato

At the time of this writing, the cryptocurrency is charting a daily increase of around $1.8%. The altcoin market seems to be in consolidation mode, albeit painted almost entirely in green. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. …Read […]

Federal Reserve Governor Says Bitcoin, Crypto Regulation Is For “The Rest Of Us”

The governor explained that the explosive growth experienced in the industry over the past five years was “a stretch of incredible growth.” These notable levels of growth, Waller explains, led to quick recognition from both the public and the government. The governor continued to say that even experienced investors will sometimes look to “socialize losses,” […]

Why is bitcoin miner Riot blockchain (RIOT) selling more bitcoin? – The Coin Republic

In order to raise cash and maintain liquidity, bitcoin miner Riot Blockchain from its crypto reserve. The bitcoin mining company has sold about 250 bitcoins in May that helped Riot to raise about $7.5 million that makes an implied price of each bitcoin to be $30,000. This reflects the almost continuous decline in price of […]

New York Clamps Down On Bitcoin Mining In Newly Passed Bill – Forbes

Ethereum, the second-largest cryptocurrency in the world by market cap behind bitcoin, currently also uses proof-of-work authentication. In the United States, upstate New York has emerged as a popular destination for miners due to its abundance of cheap electric power and unused coal power plants which can be repurposed into massive mining farms. The crypto […]

Bitcoin Dominance Climbs to Highest Level Since October 2021 as Ethereum Underperforms

True Insights founder Jeroen Blokland believes that the recent spike in Bitcoin dominance was driven by the collapse of Terra and Solana suffering its second outage within a single month. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to […]

Bitcoin Anarchy Tagging Along Silvergate Capital And Coinbase Digital – The Coin Republic

Coinbase Global traded lower by over 12 %, whereas Silvergate Capital traded low by roughly 10%. Furthermore, when the CEO of JP Morgan Chase, Jamie Dimon, highlighted that they are bracing themselves and that the hurricane is right there, down the road, and coming their way. And the recent crash of the Terra ecosystem with […]