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Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real

Coins Legend June 8, 2025 0

Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine

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Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea

Coins Legend June 8, 2025 0

Since late May—spanning the past 17 days—the price gap for bitcoin in South Korea has climbed, topping a 3% difference by month’s end. As of Sunday, June 8, bitcoin is trading in the country at more than $1,500 above the worldwide average. Crypto Prices Break Away in South Korea, Sparking Premium Frenzy Bitcoin is currently […]

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From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

Coins Legend June 8, 2025 0

Bitcoin’s hashrate hit a record-setting 943 exahash per second (EH/s) on May 31, but in the days since then, the network’s processing power has dipped by more than 75 EH/s. Bitcoin’s Block Time Slows as Miners Buckle Under Difficulty Spike Bitcoin miners wrapped up May on a high note, notching their best earnings since the […]

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Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move

Coins Legend June 8, 2025 0

The price of bitcoin hovered at $105,384 on June 8, 2025, with a market capitalization of $2.09 trillion and a 24-hour trading volume of $15.81 billion. Throughout the session, it moved within a tight intraday range of $105,112 to $105,891, indicating relative short-term stability amid a broader consolidation. Bitcoin The 1-hour chart analysis reveals a […]

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EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review

Coins Legend June 8, 2025 0

EU might make Bitcoin illegal, XRP and RLUSD aim to replace SWIFT, Elon Musk backs Coinbase warning: Bitcoin could replace Dollar, and more in this Week in Review. Week in Review Europe’s privacy regulators are weighing guidelines that could effectively criminalize Bitcoin transactions. Ripple is pitching XRP and its planned RLUSD stablecoin as a lightning-fast, […]

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Latam Insights: Brazil Defies Trump’s Threats; Meliuz Seeks Funding to Purchase BTC

Coins Legend June 8, 2025 0

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Lula defies Trump’s tariff threats, Meliuz seeks financing to increase its bitcoin reserves, and Tether invests in Chile-based Orionx. Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade Brazilian President Luiz Inácio […]

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IPO Bonanza: Circle’s Opening-Day Surge Validates Stablecoins, Regulatory Transparency

Coins Legend June 8, 2025 0

Experts view Circle’s initial public offering as a sign of the growing maturity and credibility of the crypto industry. Blackrock’s acquisition of a 10% stake in Circle is seen as a strong endorsement of the future of regulated stablecoins. IPO Success Hints at Changed U.S. Dynamics Following Circle’s fairly successful initial public offering, its stock […]

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Spain Introduces Law to Acquire Crypto Exchanges’ Data, Seize Digital Assets

Coins Legend June 8, 2025 0

The directive, which is expected to be approved and implemented by January 2026, will enable authorities in Spain to exchange data on cryptocurrency assets held on international exchanges. Similarly, the Spanish tax agency will be able to seize these assets to collect payment for tax debts. Spain Introduces Law to Strengthen Cryptocurrency Tax Oversight Spain […]

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Bitcoin Core Reinforces Stance on Nonfinancial Transactions in Recent Statement

Coins Legend June 8, 2025 0

Bitcoin Core, the leading Bitcoin node software implementation, has published a statement on its policy regarding nonfinancial transactions. Over 30 collaborators signed the document, which highlights that, as a censorship-resistant system, “Bitcoin can and will be used for use cases not everyone agrees on.” Bitcoin Core Issues Final Statement on Nonfinancial Transactions

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MEXC Launchpad Debuts With Discounted Bitcoin Subscriptions

Coins Legend June 8, 2025 0

The new launchpad platform by MEXC is designed to provide fair and transparent access to high-quality tokens. The inaugural event offers up to 90% bitcoin discounts for new users. MEXC’s New Launchpad Aims to Democratize Token Access MEXC, a global cryptocurrency exchange, has unveiled its new launchpad platform, aiming to democratize early-stage token investing by […]