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news.bitcoin.com Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real

Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine delivering over a petahash per second (PH/s) with an energy use […]

news.bitcoin.com Prediction Market Frenzy: Musk-Trump War Fuels Bizarre Political Wagers

Ever since tensions flared between Elon Musk and Donald Trump, markets have seesawed and social media has lit up with fiery takes on the so-called “Big Beautiful Bill.” The clash between the sitting U.S. president and the world’s wealthiest individual has also sent prediction markets into a frenzy. One wager, with $134,277 in action, pegs […]

bitcoinist.com Spam Wars: Bitcoin Core Devs At Center Of Heated Debate

According to a joint statement released on June 6, 2025, 31 Bitcoin Core developers have taken a clear stance on how the network should handle non-monetary uses. They stressed that their role is not to support or block data inscriptions and other non-financial activities. The move has stirred strong feelings across the community, with debates […]

news.bitcoin.com Bottom-up Adoption: USDT Surges as Unit of Account in Bolivia

Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. The measure comes amid a climate of unrest due to the scarcity of dollars and gas faced by Bolivians. USDT Used to Establish Prices in Bolivia Stablecoins are becoming increasingly popular in […]

bitcoinist.com US Ethereum ETFs Record 4 Consecutive Weeks Of Positive Inflows — Details

After a horrendous start to the year, the United States-based spot Ethereum ETFs (exchange-traded funds) have managed to turn their fortune around over the past few weeks. This positive trend mirrors the shift in sentiment amongst Ethereum investors since the start of the year’s second quarter. Ethereum ETFs Hit 15 Consecutive Days Of Capital Inflows […]

news.bitcoin.com Bitcoin Breaks $106K as This Week’s Crypto Rollercoaster Hits Highs and Lows

On Sunday, June 8, bitcoin’s price climbed past the $106,000 mark, though the top crypto token has barely budged over the past seven days, gaining just about 1%. Meanwhile, coins like ravencoin, spx6900, and internet computer have been stealing the spotlight with eye-catching double-digit growth. Crypto Market Fires Up — Double-Digit Gains Collide With Brutal […]

bitcoinist.com 1 Bitcoin Up For Grabs On Netflix Reality Show ‘House Of Streams’

Netflix is gearing up to launch a new reality series called “House of Streams” on June 18 in the UK and Ireland. Eight well-known online streamers will face off for a prize that’s anything but ordinary. Instead of cash, the winner will claim 1 Bitcoin—worth more than $104,000 at current rates. Related Reading: Crypto King? […]

news.bitcoin.com Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real

Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine delivering over a petahash per second (PH/s) with an energy use […]

bitcoinist.com Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level

The Bitcoin price has continued to impress over this weekend, recovering strongly from the late week blues that saw it fall toward $101,000. From a broader perspective, BTC will be targeting the $110,000 mark and looking to reclaim its all-time-high price. With the premier cryptocurrency already closing in on the $106,000 level, the question is […]

news.bitcoin.com Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea

Since late May—spanning the past 17 days—the price gap for bitcoin in South Korea has climbed, topping a 3% difference by month’s end. As of Sunday, June 8, bitcoin is trading in the country at more than $1,500 above the worldwide average. Crypto Prices Break Away in South Korea, Sparking Premium Frenzy Bitcoin is currently […]

bitcoinist.com Bitcoin DeFi Project ALEX Protocol Targeted In $8.3 Million Exploit

Bitcoin decentralized finance (DeFi) platform ALEX Protocol has recently suffered an attack, losing $8.3 million in user funds. This represents the second exploit of the Stacks-based project in just over a year following a previous heist by the notorious North Korean Lazarus hackers group from North Korea. Related Reading: $15 Million Crypto Laundering Ring Crushed […]

news.bitcoin.com From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

Bitcoin’s hashrate hit a record-setting 943 exahash per second (EH/s) on May 31, but in the days since then, the network’s processing power has dipped by more than 75 EH/s. Bitcoin’s Block Time Slows as Miners Buckle Under Difficulty Spike Bitcoin miners wrapped up May on a high note, notching their best earnings since the […]

bitcoinist.com Bitcoin Rebound From $100,000 – Healthy Pullback Or Start Of Deeper Correction?

On Thursday, Bitcoin (BTC) prices dipped to below $101,000 as fallout between US President Donald Trump and world’s wealthiest man Elon Musk rocked the US financial markets. However, in the past 48 hours, the maiden cryptocurrency has registered a rebound climbing to above $105,000 before slipping into a sideways movement. Amidst these developments, a popular […]

bitcoinist.com Best Altcoins to Watch as Global Crypto Adoption Grows in Japan and Dubai

The crypto world is bustling with momentum. Japan just revamped its Payment Services Act to be ‘crypto-friendly,’ opening the door for more institutional and mainstream adoption across Asia. In Dubai, tokenized real estate pushed sales past $18B in May – proof that on‑chain ownership of physical assets is no longer science fiction. Meanwhile, Bitcoin is […]

news.bitcoin.com Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move

The price of bitcoin hovered at $105,384 on June 8, 2025, with a market capitalization of $2.09 trillion and a 24-hour trading volume of $15.81 billion. Throughout the session, it moved within a tight intraday range of $105,112 to $105,891, indicating relative short-term stability amid a broader consolidation. Bitcoin The 1-hour chart analysis reveals a […]

news.bitcoin.com EU Might Make Bitcoin Illegal, XRP and RLUSD Aim to Replace SWIFT, and More — Week in Review

EU might make Bitcoin illegal, XRP and RLUSD aim to replace SWIFT, Elon Musk backs Coinbase warning: Bitcoin could replace Dollar, and more in this Week in Review. Week in Review Europe’s privacy regulators are weighing guidelines that could effectively criminalize Bitcoin transactions. Ripple is pitching XRP and its planned RLUSD stablecoin as a lightning-fast, […]

bitcoinist.com Bitcoin Mirroring Gold’s Rally: Analyst Sets $130,000 BTC Target By Q3 2025

Bitcoin appears to be walking a well-worn path, one that gold traced out not long ago. According to an analysis shared by crypto analyst Ted Pillows on the social media platform X, the current price structure of the leading cryptocurrency is closely imitating gold’s trajectory from its accumulation phase through distribution and a breakout rally. […]

news.bitcoin.com Latam Insights: Brazil Defies Trump’s Threats; Meliuz Seeks Funding to Purchase BTC

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Lula defies Trump’s tariff threats, Meliuz seeks financing to increase its bitcoin reserves, and Tether invests in Chile-based Orionx. Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade Brazilian President Luiz Inácio […]