exodus

Bitcoin Mining Difficulty Hits Historic Highs in 2023, Predicted Miner Exodus After Halving | CoinShares Analysis

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Bitcoin Mining Difficulty Hits Historic Highs in 2023, Predicted Miner Exodus After Halving | CoinShares Analysis

The current bitcoin mining difficulty is at historic highs, with computing power increasing by over 100% in 2023. CoinShares predicts a decline in mining activity after the halving, resulting in a “miner exodus.” The company also forecasts the average cost of production per coin to normalize at just under $38,000 post-halving. This is due to … Read more

Binance’s exec exodus, Nasdaq to trade AI orders, and more

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Binance’s exec exodus, Nasdaq to trade AI orders, and more

Binance has seen the departure of 10 key executives in the first nine months of 2023 amid growing regulatory troubles. The latest executives to resign include the executive vice president and the vice president of Eastern Europe, Turkey, and other regions. The departures come after the US Department of Justice investigation into Binance. Meanwhile, the … Read more