Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, marking a 16% decline quarter-over-quarter. This decrease is attributed to the reduction in block rewards resulting from the BTC halving event…
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Amidst improved investor sentiment, blockchain security firm PeckShield’s report for March 2024 revealed a concerning surge in crypto hacks, with over 30 incidents causing approximately $187.29 million in losses. Despite these setbacks hindering…
Bitcoin mining firm Core Scientific announced that total revenue for fiscal year 2023 amounted to $502.4 million, reflecting a decrease of $137.9 million or 22% from the $640.3 million recorded in the previous…
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Changpeng “CZ” Zhao, the founder and ex-CEO of the cryptocurrency exchange Binance, has earned a spot on Bloomberg’s list of the world’s wealthiest individuals. Over the year, his net worth has experienced an…
Bitcoin price has been correcting since reaching a local peak at $28,580 on October 2. Since then, the bears have managed to push down the price of the largest cryptocurrency into the $26,500…
Nasdaq-listed Bitcoin mining firm Canaan’s total revenue increased to $73.9 million in Q2 2023, marking a quarter-on-quarter climb from $55.2 million. This figure comprised $57.9 million in product revenue and $15.9 million in…
Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them. With Bitcoin…
Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was…
The cryptocurrency-focused bank – Silvergate Capital – reported a net loss of $1 billion for the last quarter of 2022 due to the turmoil reigning in the digital asset sector. The firm recently…
Watch This Episode On YouTube Listen To The Episode Here: In this week’s episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz discuss current worldwide events. Wilson discusses how bitcoin has…
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