Bit Digital Ditches Bitcoin Mining for a $163M All-In on Ethereum
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2013 as a way to expand the functionality of blockchain technology.
Ethereum’s native cryptocurrency,Ā EtherĀ (ETH), is used to pay for transaction fees and computational services on the network. Ethereum’sĀ smart contract functionalityĀ allows developers to create self-executing contracts that can automate complex transactions and operations, such as the transfer of assets, voting systems, and more. Ethereum’s flexibility andĀ community supportĀ have made it a popular choice for buildingĀ decentralized applicationsĀ and other blockchain-based projects.
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
TL;DR CZ quietly sent 200,000 Binance Coin (about $10 million) to Vitalikās Kanro biotech fund months ago, only revealing the donation on July 1. Funds back
TL;DR The Ethereum Community Foundation, led by Zak Cole, has raised millions in ETH to fund projects that directly bolster ETHās value and accelerate its institutional
TL;DR Liquid Staked ETH led the pack with an almost 90% market-cap surge, as yield-hungry investors piled into staking derivatives. Mantle Staked Etherās volume exploded over
TL;DR Maple Finance has integrated EtherFiās weETH as collateral for institutional loans, marking a major advancement in decentralized finance. The initiative allows borrowers to access USDC
TL;DR XRPL launched its EVM Sidechain, a parallel network that enables the deployment of Ethereum smart contracts and cross-chain DeFi operations using XRP as gas. The
TL;DR Eleven straight weeks of inflows have pushed YTD crypto fund subscriptions to $16.9 billion, nearly matching H1 2024ās $17.8 billion. Last week alone saw $2.7
TL;DR EthCC and Protocol Guild unveiled an on-chain ātime capsuleā at EthCC Cannes for Ethereumās 10th anniversary, letting users lock digital artifacts into smart contracts. Submissions
TL;DR The crypto market faces its largest options expiry of 2025 today, with $17 billion in BTC and ETH contracts expiring. Bitcoin leads with $15 billion
TL;DR Airbender delivers the fastest open-source RISC-V zk proofs,sub-second verification for ZKsync blocks, and full proofs in just 3 seconds on a single GPU, boasting a
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
Ā© Crypto Economy