Bitcoin miners tap billions in funding to counter energy challenges

Bitcoin miners tap billions in funding to counter energy challenges

Bitcoin mining companies are turning to billions of dollars in new financing as high energy prices cut into their profits. Faced with soaring energy costs, Bitcoin (BTC) miners in the United States are building up war chests worth billions as competition for resources intensifies and profitability following the latest Bitcoin halving remains under pressure, reports … Read more

NFT Challenges and Recovery 2024

NFTs in 2024: A year of challenges, resilience, and hopeful recovery for Web3 innovation

Main challenges of NFTs in 2024 Declining support: Social media platform X removed NFT integration for profile photos in January. GameStop has shut down its NFT marketplace, citing regulatory uncertainty. DraftKings, Immutable and Kraken also closed its NFT markets later in the year. Regulatory pressure: The SEC has issued Wells Notices to major NFT entities, … Read more

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