Category Archives: Blockchain News

Coinbase Valued At $86B After 1st Day of Nasdaq Trading In Cryptocurrency Milestone

Cryptocurrency exchange Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion. Coinbase’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, marks another milestone [...]

Gaming Company The9 to Buy 2,000 Bitcoin Mining Machines for About $6.72M in Stock

Publicly traded Chinese gaming company The9 (NCTY) said Friday it agreed to buy 2,000 units of AvalonMiners bitcoin (BTC, +1.22%) mining machines for about $6.72 million in stock. In an announcement, The9 said it signed a memorandum of understanding to buy the machines with a total hashrate of about 100PH/S. To pay for the machines, [...]

Bitcoin Hashrate Surpasses All-Time High as Even 2014 ASICs Stay Profitable

Bitcoin’s hashrate – a way to measure the total power consumption and mining output of the network – has topped a new all-time high. The current mean hashrate of the Bitcoin network is 179.4 exahashes per second, according to data from Coin Metrics. Bitcoin's hashrate from January 2017 until now. Source: Coin Metrics Ethan Vera, [...]

JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions

JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000.   JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that this has made the cryptocurrency more appealing [...]

Visa Starts Settling USDC Payments on Ethereum

Payments giant Visa has announced it is now settling payments in the USDC stablecoin on the Ethereum blockchain, becoming the first major payments network to use a stablecoin as a settlement currency. According to Business Insider, Visa piloted the USDC payment option via cryptocurrency exchange, which will now be able to manage its crypto [...]

PayPal Now Allows Crypto Spending at Millions of Merchants

PayPal has started allowing U.S. users to spend their cryptocurrency holdings at millions of online merchants globally. The development means PayPal users who hold bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and litecoin (LTC) in PayPal digital wallets can now convert their crypto holdings into fiat to make purchases. "This is the first time you [...]

Bitcoin Miners Earned $1.5 Billion in Revenue so Far This Month

Data collected by The Block Research shows that bitcoin miners have earned more than $1.5 billion in revenue. This figure represents the most revenue earned by the mining sector in a given month. Given that several days remain in March, the final figure will exceed the current $1.51 billion number. The vast majority of the [...]

Tesla Cars Can Be Bought In Bitcoin

Tesla customers can now buy their car with Bitcoin, company chief Elon Musk has said. Mr. Musk, a well-known Bitcoin enthusiast, made the unexpected announcement in a tweet. But Bitcoin's value rapidly moves up and down - meaning the cryptocurrency price of the car could change day to day. Tesla has invested heavily in the [...]

Bitcoin Miners Earn Record $64 Million in One Day

Bitcoin miners' revenues are at an all-time high, according to a report by Glassnode. Miners are earning $52.3 million per day on average, peaking at $64.7 million. Bitcoin (BTC) miners are raking in record-breaking revenues amid the current rally, earning up to $52.3 million per day on average, according to a newsletter by crypto metrics [...]

Bitcoin Is ‘Too Important to Ignore’: Deutsche Bank Report

Deutsche Bank Report
Bitcoin is now “too important to ignore” given its $1 trillion market capitalization, according to a new report by Deutsche Bank. The report published Wednesday states that the price of bitcoin could continue to rise as long as it continues to attract entry from asset managers and companies. However, the cryptocurrency is expected to remain [...]