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Home2024August

Month: August 2024

Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
Bitcoin

Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate

August 2, 2024 CryptoExpert

Bitcoin mining company Bitfarms reported a 34% month-on-month (MoM) increase in earnings as it increased its mining hashrate following fleet upgrades and expansion.  According to the Bitcoin (BTC) mining firm, its July operations generated 253 […]

Ethereum ETF flows flip positive despite Grayscale outflows topping $2B
Ethereum

Ethereum ETF flows flip positive despite Grayscale outflows topping $2B

August 2, 2024 CryptoExpert

Daily net inflows into the United States spot Ether exchange-traded funds (ETFs) have flipped positive again despite cumulative outflows from the Grayscale Ethereum Trust (ETHE) breaching $2 billion.  On Aug. 1, the Ether (ETH) ETFs […]

Blockchain

BlackRock’s tokenized BUIDL fund has paid $7M in dividends since March

August 2, 2024 CryptoExpert

BlackRock’s tokenized United States Dollar Institutional Digital Liquidity Fund (BUIDL), an investment vehicle holding United States Treasury Bills, cash, and repurchase agreements, has paid investors $7 million in dividends since the launch of the investment […]

Bybit to Exit From France’s Market as EU’s Crypto Regulation Takes Hold
Cryptocurrency

Bybit to Exit From France’s Market as EU’s Crypto Regulation Takes Hold

August 2, 2024 CryptoExpert

Bybit said Thursday it will withdraw from the French market, citing “regulatory developments” as Europe’s long-awaited crypto legislation reshapes how companies and individuals should treat the asset class. From August 13, French users will be […]

X suspends account that let users launch memecoins from an X post
Altcoin

X suspends account that let users launch memecoins from an X post

August 2, 2024 CryptoExpert

Elon Musk’s micro-blogging site X has suspended an account that enabled users to create memecoins with a single post on the social media platform. An account called “makenowmeme” with 15,000 followers has suspended the platform […]

Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC
Mining

Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC

August 2, 2024 CryptoExpert

Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to […]

Wisconsin launches an investment scam tracker to combat crypto fraud
Regulation

Wisconsin launches an investment scam tracker to combat crypto fraud

August 2, 2024 CryptoExpert

Wisconsin DFI launches tracker to combat crypto and investment fraud. Nearly $3.55M was lost to fraud in Wisconsin from Jan 2022 to June 2024. Tracker updates regularly and it is searchable by the name DFI […]

Billionaire Investor Andrew Budzinski Quits Cyprus
Finance

Billionaire Investor Andrew Budzinski Quits Cyprus

August 2, 2024 CryptoExpert

In what could be the harshest blow to Cyprus’ economy since the COVID-19 pandemic and the Global Financial Crisis, billionaire investor and CEO of a leading forex brokerage, Andrew Budzinski, has announced plans to wind […]

Mark Zuckerberg’s Open-Source AI Ambition: Meta Releases Llama 3.1 405B
Technology

Mark Zuckerberg Vows to Open-Source AI with Llama 3.1

August 2, 2024 CryptoExpert

Mark Zuckerberg, CEO of Meta Platforms, has announced a significant shift towards open-source artificial intelligence (AI) by releasing Llama 3.1 405B. Through this initiative, Meta aims to democratize AI development, providing cost-effective, adaptable solutions to […]

"GPU mining is dead"
Mining

GPU mining is dead

August 2, 2024 CryptoExpert

Check this video on YouTube

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