Cryptocurrencies had a mammoth weekend and shot up by more than 20%. This rally was fueled by optimistic news surrounding U.S.-China trade relations, mostly by an altcoin resurgence. Bitcoin went on to break all records, hitting $104,000, while Ethereum and Dogecoin managed to increase with double-digit percentages. The market’s favorable...
Ethereum (ETH) has been showing strong recovery and upward movement as the overall cryptocurrency market is recovering from lows earlier in the month. After a sudden drop that momentarily plunged Ethereum back to $1,400, the digital asset has enjoyed a vigorous recovery. In fact, it’s seen an astounding 11% increase...
The cryptocurrency world is abuzz today about Solana (SOL) and a massive $500 million staking deal. This investment has sparked debates about whether it signals genuine long-term confidence in Solana or if it's simply a strategic play by a major investor. The near-term response has been overwhelmingly bullish judging by...
Solana (SOL) is trading at $154.25, up 4.18% over the past 24 hours. Looking at the weekly time frame, Solana has increased by 13.85% to break above bullish movement in the entire crypto market. This news follows on the heels of an announcement from Sol Strategies Inc. The announcement was...
Okay, look. Everyone’s losing their minds that the Bitcoin hashrate took a nosedive. Calm down. Seriously. Now I’m reading headlines loudly announcing that miners are fleeing and boom, the FUD begins. I’m here to tell you the opposite. This isn’t a death knell, it’s a detox. Think of it like...
Bit Digital, Inc. just made a surprising and positive turn from Bitcoin mining. The company has since shifted its attention to Ethereum staking, pulling the industry’s eyes along with it. This development is part of a widening strategy of moves by the company to pivot its focus. It deepens and...
Bit Digital is betting the farm. They’re promoting the sale of these shovels in order to purchase the lottery tickets. They're ditching Bitcoin mining, the digital equivalent of the California gold rush, for Ethereum staking, which, let's be honest, sounds a lot less rugged and a lot more…regulated. Whether this...
Alright, let’s be real. When I first learned that Bit Digital was abandoning Bitcoin mining in favor of Ethereum staking, I have to admit my first response was dubious. A company that’s been foundational to the build out… suddenly bailing? It sounded crazy. The further I dug, the more apparent...
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Dynamic digital asset company Bit Digital is doing something equally ambitious — and equally audacious. This is why they changed their strategy away from Bitcoin mining, through Ethereum staking, to treasury management. This strategic pivot comes after a $150 million share offering and a significant drop in the company's stock...
Bitcoin mining is the integral process that serves as the backbone of the Bitcoin network. It’s how new bitcoins are generated, and it’s how transactions are confirmed and added to the public blockchain. To those unfamiliar with the crypto space, the word “mining” may seem a bit scary. Learning the...
The buzz is building. Look out BTC, altcoin ETFs are on their way! The SEC seems to be getting a little more friendly towards it, especially with regards to Solana. We're seeing applications amended, deadlines looming, and even whispers of BlackRock jumping into the XRP game after the Ripple case...
Let's be blunt. The Bitcoin gold rush? It’s increasingly shaping up to be a fool’s errand come 2025. This really is more than a small blip in profitability. That is a dramatic and potentially catastrophic turn in the risk-reward equation. The shiny allure of digital gold is masking a growing...