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$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst

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Miners’ profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.

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Coin Market

Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures

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According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court.

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Coin Market

Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competition

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According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors.

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Coin Market

Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower

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Bitcoin extended daily losses to 3% as US stocks came under pressure from President Donald Trump’s comments on Iran military action.

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