Bitcoin miners are back in action after a stormy winter in North America sidelined rigs with power outages, only to find the network’s mining difficulty has spiked to a new all-time high. According to BTC.com data, the difficulty clocked in at 37.59 trillion on January 16, 2023, up 10.26% after hitting block height 772,128. That’s…
A federal bankruptcy court just pulled the plug on the naming rights deal between FTX and Miami-Dade County, clearing the way for the fallen crypto giant’s logo to get scrubbed from the Miami Heat’s NBA arena. Once the third-biggest cryptocurrency exchange around, FTX went down in flames, racking up losses between $8 billion and $10…
Ukraine’s big-name pharmacy chain, ANC Drugstore, is jumping into the crypto game, partnering with Binance Ukraine to let customers pay with Bitcoin via Binance Pay. Announced on January 3, 2023, the move means folks can now snag meds and health goodies online from ANC’s 1,000-plus stores and settle up instantly—starting with a rollout in Kyiv….
Bitcoin’s finally shaking off the doldrums, climbing past $18,000 after weeks of treading water—and it’s got some upbeat Consumer Price Index (CPI) data to thank. The crypto king’s riding a wave alongside other coins, with BTC/USD hitting $18,000-plus in Thursday’s trading, per TradingView data. It’s the highest it’s been since November 9, a welcome jolt…
The former CEO of BitMEX Arthur Hayes believes that the price of bitcoin may have reached its lowest point now that the majority of “irresponsible businesses” have run out of bitcoin to sell. The worst may have happened for Bitcoin, as stated by the former CEO of the marketplace for cryptocurrency derivatives since there are…
Even as the FTX collapse sent shockwaves through the crypto world, institutional investors aren’t backing away—they’re doubling down. Data from Bitstamp, a major cryptocurrency exchange, shows a surprising 57% spike in institutional registrations on its platform in November compared to October, right when the FTX saga was dominating headlines. It’s a bold move that flies…
Turkey’s Financial Crimes Investigation Agency announced on Monday, the 14 of November, that it is investigating FTX.com for the infamous collapse of the crypto exchange last week. MASAK notice claimed their investigation included looking into people, institutions, banks, and crypto service providers related to FTX. This may include local subsidiary FTX Turkey, which is listed among 134…
Bitcoin’s big players—those holding at least 1,000 BTC, worth about $17 million each—are dwindling. According to Glassnode’s December 3, 2022, data drop, the number of these whale wallets has sunk to a three-year low of 2,063. It’s a sign the crypto titans might be losing their nerve amid shaky market vibes. Looking back, history hints…
Bankrupt crypto exchange FTX has said it could have more than a million creditors on its books. The revelation was made in a new filing at the United States Bankruptcy Court for the District of Delaware, handling the company’s chapter 11 proceedings. FTX wants to combine creditor lists In the filing, FTX seeks permission from the court…
The fallout from FTX’s collapse just keeps getting messier. According to a bombshell court filing from the bankrupt crypto exchange, FTX owes a jaw-dropping $3.1 billion to its top 50 creditors alone. That’s right—just 50 names account for a debt pile that’s left over a million clients and investors reeling from losses in the billions…