On March 13, 2024, bitcoin achieved a new peak in its market value, reaching an unprecedented high of $ 73,679. In the past 24 hours, bitcoin not only increased by 1.8% but also showed notable gains over the week (10.7%) and the last two weeks (23.3%), elevating its market cap to an impressive $ …
Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady
On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) additionally stated that the committee “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation” is steadily approaching the 2% mark. As […]
Swan Bitcoin Unveils Stealth Mining Operations, Eyes 8 EH/s Goal by 2024 Amid Industry Expansion
The Los Angeles-based firm Swan Bitcoin recently revealed its covert bitcoin mining operations, initiated in the summer of 2023. The company shared on Thursday its anticipation of achieving 8 exahash per second (EH/s) by March 2024. Up to this point, Swan’s mining subsidiary has successfully mined 750 bitcoin. Swan Mining Breaks Cover, Sets Sights on […]