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Bitcoin miner Riot Platforms reports record $211M Q1 net income

Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine.

Thu May 2, 2024 03:27
Bitcoin traders set $50K price target after BTC falls below key support level

Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts.

Thu May 2, 2024 00:36
States’ backlash against Binance.US continues with 6th license pulled

Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges.

Thu May 2, 2024 00:36
Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem.

Wed May 1, 2024 23:56
Proposed US bill wouldn’t allow taxing block rewards at acquisition

If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired.

Wed May 1, 2024 23:06
3 signs hint that Bitcoin price is nearing a bottom

The result of May 1’s Federal Reserve minutes, Bitcoin miners’ robustness and increasing stablecoin demand in China could be signs that BTC has bottomed.

Wed May 1, 2024 22:56

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