Marathon Digital has boldly set its goal to increase its Bitcoin mining hashrate to 50 exahashes per second (EH/s) by 2024. This target, announced after the recent halving event that reduced mining rewards, represents a significant jump from their previously stated aim of 35-37 EH/s. As the halving cuts the reward for mining new blocks, one might wonder how Marathon
In an unexpected turn of events, consumers who pre-ordered Solana’s latest Web3 smartphone, Chapter 2, found themselves amidst a financial bonanza. As part of the buying incentive, early adopters were rewarded with airdropped meme coins, which, for a brief period, soared in value, surpassing the cost of their initial investment. Particularly notable, the combined peak value of these digital assets
The WealthTech industry has seen impressive growth in early 2024 after encountering past difficulties. This rejuvenation is particularly evident in mergers and acquisitions, where strategic buyers have played a major role, accounting for over 70% of this renewed activity. The sector’s comeback is further demonstrated by the rise in the average size of deals. In the first quarter of 2024,
Facing a rise in crypto-related crimes, the UK is set to introduce stringent measures designed to grant law enforcement the necessary tools to combat illicit activities involving cryptocurrencies. These laws come as a direct response to the increasing use of digital assets for illegal transactions, a concern that’s been magnified by the significant volume of such activities in recent years.
Cardano (ADA) is significantly enhancing its blockchain infrastructure with strategic upgrades aimed at boosting sustainability, security, and scalability. Recognizing the growing need for a fortified platform, these advancements have been expertly integrated, allowing Cardano to effectively host a wide spectrum of decentralized applications and smart contracts. By tackling core issues related to transaction efficiency and optimizing memory usage during large-scale
Metaplanet, a company from Japan known for Web3 consulting and real estate, has made a significant leap into the world of digital currency by purchasing $6.25 million worth of Bitcoin. This bold step is equivalent to 30% of the company’s market capitalization at the time of the investment. This is not just a routine financial maneuver; it’s a strong vote
The payments industry is on the brink of a major leap as Visa teams up with Amazon Web Services (AWS). This collaboration signifies a shift towards more streamlined digital transactions, leveraging AWS’s extensive infrastructure and reach. The partnership between Visa and AWS is not just a melding of giants in their respective fields; it’s a game-changer that promises to make
Blockchain leader ConsenSys is standing up to the U.S. SEC in a titanic struggle that may have far-reaching implications for the future of blockchain and digital assets in America. ConsenSys contends that the SEC is engaging in regulatory overreach. The outcome of this dispute is anticipated to set a precedent for the regulatory approach to the blockchain industry within the
Strategic investment in Bitcoin demands a detailed plan and an in-depth understanding of market dynamics, not to mention a high level of commitment to maintaining security and fostering growth. With cryptocurrencies edging closer to the mainstream investment arena, the chance to partake in the potential profits they offer is becoming increasingly attractive to investors. This holds especially true as they
In an exciting development within the B2B payments landscape, Paystand’s recent acquisition of Teampay is more than a mere corporate transaction—it’s a statement about the trajectory of the financial world. This strategic move signifies the growing dominance of blockchain technology in revolutionizing payment processes. By leveraging the power of blockchain, this acquisition hints at a future where transactions are not
The finance sector is experiencing a transformation, driven by technological advancements. At the forefront of this revolution is WEX, a fintech innovator, which has recently partnered with travel giant Booking.com. This partnership marks a significant milestone that showcases the synergistic potential of uniting travel services with cutting-edge financial technology. In doing so, it promises to reshape the B2B payments arena,
The FinTech industry is experiencing transformative change, propelled by consumer demand for digital ease and the need for stringent regulatory adherence. At this crossroads of innovation, especially in digital payments, there’s a need to strike a thoughtful balance between leveraging advanced technology and complying with strict regulations. This challenge presents an opportunity for both established banks and disruptive startups in
