According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak Mining Purchases ERCOT-Approved Texas Site Northern Data’s Peak Mining…
It was another eventful week in the cryptocurrency markets, with Ethereum going under the spotlight this time. Let’s unpack. Last weekend went very quietly, with little to no real action in terms of news and price movements. However, everything changed on Monday evening when Bloomberg’s ETF experts raised their prediction rate for the SEC approving…
Following the approval of several spot ethereum exchange-traded funds (ETFs) in the U.S., ether’s price has been rather subdued, ranging between $3,640 to $3,740 over the last 12 hours. There’s wasn’t really any substantial upticks other than when the rumors of the approval fueled the previous rise. Market observers are questioning whether or not a…
A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud…
Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now…
Shiba Inu (SHIB) has posted a lackluster performance this month, yet whales remain remarkably bullish on its potential for an uptrend. This is evidenced by their mammoth accumulation of trillions of SHIB tokens in the month of May alone, which appears to be bet on SHIB’s long-term prospects, even as the meme coin has plunged…
Cryptocurrency exchange Coinbase has filed a reply memorandum supporting its motion to certify an interlocutory appeal in its lawsuit against the U.S. Securities and Exchange Commission (SEC), which alleges that certain digital asset transactions conducted by Coinbase constitute the sale of unregistered securities. Coinbase’s chief legal officer, Paul Grewal, explained that the crypto exchange’s position…
U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $107.9 million on Thursday. Blackrock’s IBIT led the way, securing $89 million, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent week of steady inflows, with $107.9…
TL;DR Ethereum (ETH) surged over 20% this week, nearing $4,000, driven by hopes of SEC approval for spot ETH ETFs. Nonetheless, the official green light led to significant market volatility and a price drop. Analysts are divided on ETH’s future, with some predicting a major price increase and others expecting short-term corrections. Key indicators hint…
Turin, Italy, May 24th, 2024, Chainwire Iconic Italian football club Juventus has announced a partnership with Instant Casino, a crypto online casino, will be its new regional betting partner in Europe. The agreement has been described as a major win for both Juventus fans and Instant Casino players, promising a wide range of entertainment opportunities…