By Emir Abyazov Key highlights: Bitcoin’s hashrate fell nearly 15% from its October peak, signaling pressure on miners’ profitability. Miners are reallocating computing power to AI services to maximize profits amid tight margins. Despite lower hashrate, mining difficulty has decreased and hashprice has risen, supporting short-term profitability. Bitcoin’s hashrate has declined even as mining profitability […]
Tag: CEO
By Chayanika Deka Polygon Labs has carried out another round of layoffs. The company has reportedly cut around 30% of its workforce as it restructures and pivots toward stablecoin-based payments, according to multiple posts and disclosures from affected employees on the social media platform X. While Polygon Labs has not publicly disclosed the exact number […]
By Jordan Lyanchev It has been another eventful week, as the cryptocurrency markets have reacted to the latest developments on the US front and the controversy its leader continues to stir around the world. Last weekend was highly dull as bitcoin remained flat at $90,500. Its first revival signs emerged on Sunday evening when the […]