Data from The block indicates that August may have been the most painful month for miners, with BTC miners’ revenue reaching the lowest since 2024, decreasing by $99.75 million compared to July. The difficulty of Bitcoin mining was adjusted up by 2.99% to 89.47 T on August 28th, with the current total network hashrate at […]
On August 29, US time, a class-action lawsuit accusing Musk of manipulating the price of dogecoin and seeking $258 billion in compensation was dismissed. Two years ago, Musk faced this class-action lawsuit, with multiple dogecoin investors collectively accusing him of pump-and-dump schemes, market manipulation, and insider trading caused investors to lose billions. The suit alleged
Musk Faces Class Action Lawsuit for Manipulating Dogecoin Prices? Judge: Not Founded! Read More »
Lately, New World Wealth and Henley & Partners jointly released a report which stated that there are currently about 172,300 people worldwide holding cryptocurrency assets worth more than one million US dollars, while this figure was 88,200 last year. Among these 172,300 millionaires, 85,400 are BTC millionaires, and the number of people in this group has
The Number of Bitcoin Millionaires Has More Than Doubled in the Past Year Read More »
Starting from September 1, 2024, Russia will officially implement a bill that allows cryptocurrency mining and the use of cryptocurrency for cross-border payments. This marks the first time such a globally influential superpower has legalized mining and the adoption of cryptocurrency transactions. Russia will utilize its national payment card system to facilitate exchanges between
Mining and Cross-Border Payments with Cryptocurrencies Legal in Russia Starting Sep. 1 Read More »
On August 21, 2024, Mt. Gox announced that it has completed the repayment to 19,000 creditors by returning BTC and BCH, while another 5,000 do not yet meet the conditions for repayment. This means that the repayment work of Mt. Gox is nearing its end and is currently on hold. Ten years ago,
Mt. Gox Announces Completion of Repayment to Creditors, Will BTC Stop Falling? Read More »
Recently, China’s major AAA game “Black Myth: Wukong” has officially been released, with nearly 5 million copies sold worldwide and a game opening rate exceeding 96%. Within the first hour of its launch, the number of concurrent online players broke through 1 million, making it one of the most-played games on Steam upon release.
$WuKong Meme Coin Soars 99999% in 24 Hours! Are You Still Mining Meme Coins? Read More »
On Monday, August 19th, spot Bitcoin ETF inflows reached as high as $62 million. Among them, BlackRock took the lead with $92.7 million. Institutions including Morgan Stanley continue to be optimistic about Bitcoin. According to BitcoinMagazine, 60% of the world’s top 25 hedge funds have disclosed their Bitcoin ETF holdings. Millennium Mgmt. holds 27,263 BTC,
Institutional Investors are Bulking Up on BTC, Will BTC Soar Again? Read More »
Recently, miners have experienced a historic moment of ups and downs. Not only BTC miners but also almost all PoW miners and all cryptocurrency players have encountered this dark descent, with the prices of all cryptocurrencies plummeting dramatically. The fear and greed index of the cryptocurrency market shows that market sentiment is extremely panicked. However,
Should Miners Turn Off BTC ASICs When the Price is Low? Read More »
On August 8, 2024, Russian President Vladimir Putin signed a law to legalize cryptocurrency mining in Russia, allowing people to mine freely under relaxed policies. Putin stated that Russia has a huge natural advantage in the field of cryptocurrency mining, and the government will seize the opportunity to develop the cryptocurrency industry. The huge
In Places Where Electricity is Cheap Enough, the S19j XP is Gaining Popularity Again Read More »
As the first anonymous cryptocurrency utilizing zero-knowledge proof (zk-SNARK) technology, ZEC, which was born in 2016, has recently achieved great success. From July 5, 2024, to the time of writing (August 13, 2024), the price of ZEC has risen from $15.78 to $44.13, an increase of 180%, with a market capitalization of over $660 million
From July to August, ZEC Surged 180% Read More »
At BITMARS, we value each client who has come to us, we listen and care what they think. At BITMARS, we never see ourselves as simply a “seller” for miners, we are dedicated to becoming a leading mining solution provider who can bring and create values for our customers’ mining journey.
