Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri province seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity from … Read more
Crypto markets had been on a nice bull run the the final quarter of 2024, but the trend of rising government bond yields across the globe appears to have become to strong to ignore. Considered the benchmark that sets the standard across the world, the U.S. 10-year Treasury yield has risen to 4.70% as of … Read more
“We are very proud of the addition of Nick to the Jan3 team as we ramp up efforts to accelerate the global adoption of Bitcoin,” wrote Mow.
U.S. authorities have not executed any new Bitcoin sales, despite reports suggesting that the Department of Justice had authorized a massive offload. Blockchain intelligence platform Arkham confirmed that billions in seized Silk Road and FBI-confiscated Bitcoin (BTC) remain in U.S. government-controlled addresses as of Jan. 9. The data provider shared on-chain proof confirming a $6.44 … Read more
Ethereum’s price has dropped sharply this year after encountering substantial resistance at the $4,000 level in December. Ethereum (ETH) has declined by nearly 20% from its December high, coinciding with an ongoing sell-off in Bitcoin and other altcoins. The downturn has been partly attributed to outflows from Ethereum spot exchange-traded funds. On Wednesday, these funds … Read more
Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month. This is according to the company’s production update … Read more
French Hill has stepped back as leader of the digital assets, fintech, and AI subcommittee to become chair of the full House committee in the 119th Congress.
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
While the sharp declines in Bitcoin (BTC) and altcoins negatively affected many investors, millions of dollars evaporated in the last 24 hours. At this point, whales, known as big investors, suffered the most losses from the declines, while an Ethereum whale faced a $5 million liquidation for the third time. According to Lookonchain’s post, a … Read more
Pi Network has fallen off a cliff from its November highs as the $100 price target became highly elusive. This decline is mostly because of the ongoing altcoin retreat and the few mainnet launch delays by the developers. Based on their past statements, the Pi coin mainnet launch will likely be delayed again, which may … Read more