Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest Purchase – Finance Bitcoin News
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Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’ – Economics Bitcoin News
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […]
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Bank of Russia Dismisses US Asset Confiscation Effects on Russia's Economic Stability – Economics Bitcoin News
The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank […]
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Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs – Mining Bitcoin News
According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting […]