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Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates


Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms...

First Bitcoin ETF in Immediate Danger of Hitting Cap on Contracts Held


The first bitcoin (BTC) futures-backed exchange-traded fund (ETF), ProShares’ BITO, is reportedly already in danger of breaching a limit on the number of futures contracts it is allowed to hold under current Chicago Mercantile Exchange (CME) rules.... Read More: First Bitcoin ETF in Immediate...

Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit


The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped...

Total Crypto Market Cap Nears All-Time High, Bitcoin Dominance Slips


The total crypto market capitalization crossed the USD 2.5trn mark today, and is for the first time since May short distance away from its all-time high of USD 2.57trn reached that same month. Meanwhile, bitcoin (BTC) dominance is lower today than when the coin's price peaked in mid-April. The...

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