Author: Coin Telegraph

Bitcoin miner Hive Digital is upgrading its infrastructure as it begins construction of facilities in Paraguay, the fourth country it will operate in. The Nasdaq-listed Canadian miner has purchased 6,500 Canaan Avalon A1566 application-specific integrated circuits (ASICs) for delivery from December through March 2025.Hive Digital revs upThe first 500 new ASICs were delivered in the second week of November, with four more shipments coming through the first quarter of 2025. They will boost Hive Digital’s hash rate from 5.6 EH/s to 6 EH/s by March, the company said.Shortly after the completion of the ASICs delivery, 30 MW of mining capacity…

Ethereum co-founder Vitalik Buterin has introduced “info finance,” a new concept aimed at transforming how information is captured, validated and shared across multiple sectors.In his recent blog post, “From Prediction Markets to Info Finance,” Buterin explores how blockchain technology could help aggregate, organize and distribute insights more effectively.According to Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii) deliberately design a market to optimally elicit that information from market participants.”Related: Vitalik Buterin in ‘wartime mode’ tops KOL mindshare as he slams ETH criticsPrediction markets as a data sourceButerin…

Supported by a new all-time high (ATH) market price above $81,000, the total market capitalization of Bitcoin crossed $1.6 trillion for the first time since its launch in 2009.On Nov. 11, Bitcoin (BTC) reached a market capitalization of $1.62 trillion amid the ongoing bull market, concurrently bringing up the global crypto market cap to its former glory of $2.71 trillion, according to data from Cointelegraph Markets Pro and CoinMarketCap.Bitcoin market capitalization hits $1.62 trillion. Source: CoinMarketCapThe recent price appreciation also ensured that Bitcoin investors over the last 15 years maintained profitable portfolios, according to Blockchain.com. This finding implies that all…

Cardano founder Charles Hoskinson has revealed he is setting up a policy office within his company, Input Output, to support cryptocurrency policy development in the United States.“I’m going to be spending quite a bit of time working with lawmakers in Washington DC and quite a bit of time members of the administration to help foster and facilitate with other key leaders in industry the crypto policy,” Hoskinson explained in a Nov. 9 video posted on X.“The best opportunity” is now, says Hoskinson“We have to do this, and we have to get it done,” Hoskinson declared.Hoskinson reiterated that there is “a very high…

The Ethereum Name Service (ENS) token rose more than 10% as ENS Labs announced details of its new Ethereum layer-2 solution “Namechain.”Namechain is a purpose-built Ethereum layer-2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives said in a presentation at the “frENSday” conference in Bangkok on Nov. 11.Namechain will work in tandem with “ENSv2” — the protocol that enabled ENS to expand to Ethereum L2s.“With ENSv2 and Namechain it will be significantly easier to register names, update records, manage decentralized websites and more,” said Greg Skril, ENS…

Top Stories of The Week BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high The world’s largest asset manager, BlackRock, accumulated more than $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs.  On Nov. 7, BlackRock’s iShares Bitcoin Trust ETF (IBIT) clocked $1.1 billion in inflows, reclaiming inflow status after two consecutive days of outflows totaling $113.3 million, according to Farside data. It came on a day when Bitcoin again hit all-time highs, reaching $76,943, according to CoinMarketCap data. IBIT’s inflows represented almost 82%…

Bitcoin (BTC) took daily gains to 4.5% on Nov. 11 as an unlikely weekend of upside held firmly in place.BTC/USD 1-hour chart. Source: TradingViewBTC price knocks on $85,000Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum passing $84,000 after the Wall Street open.Now up nearly 25% in the past seven days, BTC/USD showed no signs of a major retracement or consolidation as bulls ripped through sell walls and continued price discovery.“In the short term, capo-bears are going to help drag the bitcoin price higher, as they keep adding shorts for the market to liquidate,” popular analytics account Bitcoindata21…

Cardano (ADA) struggled as one of 2024’s worst-performing cryptocurrencies, shedding over 40% of its value year-to-date through October. However, November brought a swift turnaround, with ADA wiping nearly six months of losses in just one week. Now, it eyes 100%-plus price gains by March 2025.ADA booms on Hoskinson-Trump rumorsOn Nov. 10, Cardano’s price rose by over 20% to return to its April high of $0.597. The cryptocurrency’s gains are primarily part of a broader crypto market rally following the reelection of pro-crypto US presidential candidate Donald Trump on Nov. 6. However, its intraday gains appeared majorly due to rumors that…

Bitcoin has hit new all-time highs as President-elect Donald Trump secured victory in the 2024 United States presidential election.Set to return to the White House after departing in January 2021, Trump now appears to be bringing a pro-crypto stance with him. His campaign made several pledges in support of the cryptocurrency sector, marking a difference with the previous administration.As Trump prepares to resume office, Cointelegraph looks back on how the cryptocurrency landscape appeared during his last term. The industry has seen major shifts since then — half of the top 10 coins from his previous term have fallen out of…

Ethereum, the second-largest cryptocurrency by market capitalization, hit $3,200 on Nov. 10 — its highest since August — as Bitcoin surpassed $79,000 following Donald Trump’s victory in the United States presidential election.According to CoinMarketCap, the market cap of Ether (ETH) now stands at around $383 billion, up almost 5% in 24 hours, putting it roughly $40 billion above Bank of America’s market cap.ETH’s high valuation compared to Bank of America shows a shift in financial market dynamics as blockchain technology adoption and growth begin to exceed traditional finance (TradFi).The shift signals the rising popularity of decentralized finance (DeFi) and crypto…