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Bitcoin’s Hashrate Takes a Nosedive: Miners Grapple With Plummeting Profits

Coins Legend January 11, 2025 0

Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple

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Hal Finney’s Wife Celebrates Iconic ‘Running Bitcoin’ Post 16-Year Anniversary With Fourth ALS Run

Coins Legend January 10, 2025 0

Just seven days after Satoshi launched the Bitcoin network on January 3, 2009, Hal Finney, the first person to ever receive a bitcoin payment, announced to the world that he too had fired up a Bitcoin node. “Running bitcoin,” Finney tweeted on January 10, 2009, and those two words have become iconic in the Bitcoin […]

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Spot Bitcoin ETFs Celebrate 1 Year With $106.82 Billion in BTC Reserves

Coins Legend January 10, 2025 0

Two days ago on Jan. 8, spot bitcoin exchange-traded funds (ETFs) and their ether equivalents faced significant outflows, yet the group has amassed a staggering $118.56 billion in bitcoin (BTC) and ether (ETH) holdings since their debut on U.S. stock exchanges. From 5.5 Months to 1 Year: Crypto ETFs Reshape Investment Trends With $118.56B in […]

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Russia Begins Liquidating Seized Bitcoins From Bribery-Convicted Official

Coins Legend January 10, 2025 0

The Russian government has started selling part of the 1,032 bitcoins seized from former investigator Marat Tambiev, convicted of taking bribes. Russian Authorities Seize Real Estate Belonging to Bribery-Convicted Official The Russian government has reportedly begun selling a portion of over 1,032 bitcoins (BTC) seized from a former investigator, Marat Tambiev, who was

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Ethena Stablecoin Nears $6B Market Cap, Tops $250M in Revenue

Coins Legend January 10, 2025 0

USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $212 billion stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant has quietly […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Coins Legend January 10, 2025 0

The latest $5 million purchase of bitcoin has boosted Genius Group’s “bitcoin first” strategy with the company on track to reach its $120 million goal. Genius Group Makes Progress With Goal to Hold $120 Million Worth of Bitcoin Genius Group, an AI-based educational tech company announced that it has added to its bitcoin treasury with […]

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Bitmart Research Projects Bitcoin ETFs Could Attract $50 Billion in Inflows, Boosting AUM to $150 Billion

Coins Legend January 10, 2025 0

According to Bitmart Research’s 2025 crypto outlook, bitcoin ETFs are expected to attract a large amount of capital inflows. Crypto Inflows Set for Record Year Bitmart Research has predicted that net inflows for bitcoin spot exchange-traded funds (ETFs) could exceed $50 billion in 2025 with assets under management (AUM) expected to exceed $150 billion. This […]

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Iran’s Currency Website Shut Down Amid Cyber Attacks and Central Bank Criticism

Coins Legend January 10, 2025 0

Administrators of Bonbast.com, Iran’s leading website for tracking the rial’s open-market exchange rate, took it offline due to severe distributed denial-of-service (DDoS) attacks and security concerns after criticism from Central Bank Governor Mohammad Reza Farzin. The shutdown removes a crucial data source for foreign exchange traders and citizens as the rial hits record

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Curve Finance Sees Significant Growth With 105% User Increase and Institutional Interest

Coins Legend January 10, 2025 0

Curve Finance, a decentralized exchange (dex) focused on stablecoin trading, ended 2024 with $2.4 billion in total value locked (TVL) and a doubled user base, growing from 30,000 in 2023 to 60,000. Bridging Institutional Capital Into the Defi Ecosystem According to a 2024 Curve Finance analysis shared with Bitcoin.com News the decentralized exchange (dex) platform […]

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VerifiedX Releases VFX SwitchBlade Wallet Featuring First-Mover Bitcoin Utility at BitMart

Coins Legend January 10, 2025 0

PRESS RELEASE. The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain native features, enabling real day-to-day utility, while