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Cryptocoins News / The Cointelegraph ​ - 1 week ago

Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major play...

Bitcoin News / Bitcoin.com - 1 week ago

Bitwise Cuts 14% of Staff as Its Own CIO Calls a Bitcoin Bottom

Bitwise Asset Management has cut its workforce by 14%, trimming headcount to about 155 from 180, as a prolonged crypto price slump has continued to squeeze many digital-asset firms. A Rough Stretch for Crypto’s Asset Managers Bitwise Asset Mana...

Cryptocoins News / The Cointelegraph ​ - 1 week ago

Crypto companies urge AI firms to give Bitcoin developers early access

The Bitcoin Policy Institute and other industry participants urged AI companies to offer early access to their frontier models to aid Bitcoin and open-source developers in their cybersecurity efforts.A group of cryptocurrency companies has urged fron...

Bitcoin News / Bitcoin.com - 1 week ago

Glassnode: Bitcoin Sellers Showing Exhaustion Around $64,000, But No Bottom Yet

Glassnode says bitcoin sellers are showing signs of exhaustion, though the onchain analytics firm stopped short of confirming a historical market bottom is in. Selling Pressure Fades, But Confirmation Is Missing Onchain analytics firm Glassnode said...