Bitcoin Mining Industry Recovers After Crypto Winter

The Bitcoin mining industry is showing signs of a revival after a prolonged period of hardship, which saw major bankruptcies and fire sales. Although the economics of mining have only marginally improved as Bitcoin’s value rises above $20,000, capital is beginning to flow back into the sector. This indicates that investor sentiment is still largely … Read more

Binance USD (BUSD) Falls Below $10 Billion Market Cap for the First Time Since June 2021

According to data from CoinGecko, Binance USD, the stablecoin issued by Paxos and branded under the world’s largest cryptocurrency exchange by trading volume, fell to a market capitalization of $9.5 billion on Friday. This is the first time since June 2021 that BUSD’s circulating supply has gone below $10 billion. The demand for BUSD has … Read more

Bitcoin’s Inflation Rate 3 Times Lower Than US Dollar

Bitcoin’s inflation rate has dropped significantly over the years, making it a potential hedge against economic uncertainty and inflation. With over 90% of Bitcoin in circulation, the asset’s inflation rate is now three times lower than that of the US dollar. Bitcoin’s fixed supply of 21 million BTCs is the reason behind its dropping inflation … Read more