The Bitcoin (BTC) mining hashprice — a miner’s daily revenue per unit of hashing power expended to mine blocks — has remained constant at around $48 per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin difficulty. Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on…
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Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering. The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message “needs more…
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The current Bitcoin (BTC) bear market, defined as a 20% or more drop from the all-time high, is relatively weak in terms of magnitude and should only last for 90 days, according to market analyst and the author of Metcalfe’s Law as a Model for Bitcoin’s Value, Timothy Peterson. Peterson compared the current downturn to…
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Bilal Bin Saqib, the CEO of Pakistan’s Crypto Council, has proposed using the country’s runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council’s inaugural meeting on March 21. According to an article from The Nation, the council is exploring comprehensive regulatory frameworks for cryptocurrencies to attract foreign direct investment and establish Pakistan as…
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John Reed Stark, the former director of the Office of Internet Enforcement at the United States Securities and Exchange Commission (SEC), pushed back against the idea of regulatory reform at the first SEC crypto roundtable. The former regulator said the Securities Act of 1933 and 1934 should not be changed to accommodate digital assets and…
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The government of Nigeria is still open to crypto businesses operating in the country despite the ongoing lawsuit against crypto exchange Binance and the high-profile detention of Binance executive Tigran Gambaryan. Nigerian Information Minister Mohammed Idris told Semafor that many crypto businesses operate inside the country that are not facing litigation or criminal prosecution. “This…
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Strategy has announced the pricing of its latest round of perpetual preferred stock, which the company does before announcing more Bitcoin (BTC) acquisitions. According to Strategy, the latest round of preferred stock will be sold at $85 per share, with a 10% coupon, and will bring the company approximately $711 million in revenue. Market analyst…
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BaFin, the German financial regulatory authority, has prohibited all public sales of Ethena GmbH’s USDe (USDe) — a synthetic dollar — claiming the token violates the European Union’s MiCAR regulations and accused the firm of selling unregistered securities in the region. BaFin ordered Ethena to freeze the reserve assets that back the token, close down…
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Marco Santori, former chief legal officer at crypto exchange Kraken, praised the political campaign donations made by industry firms during the 2024 election as “democracy at work.” In an exclusive interview with Cointelegraph, the former Kraken executive argued that crypto voters tilted the election in favor of then-candidate Donald Trump and the Republican Party. The…
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US President Donald Trump is steadily aligning his administration with the crypto industry. On March 20, he addressed a community conference for the first time since being elected. Speaking at the Blockworks Digital Asset Summit on March 20 in a pre-recorded statement, Trump reiterated that the US would take steps to ensure it is the…
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