Venezuela contributes 0.5% of the Bitcoin hashrate despite the ban

Venezuela registers 5 EH/s in the Bitcoin network despite the total veto in force since 2024. National electricity consumption reached 15,579 MW, a maximum in nine years, according to Corpoelec. Despite the absolute ban on cryptocurrency mining in force in Venezuela since mid-2024, the country records approximately 5 exahashes per second (EH/s) contributing to the … Read more

Coinbase had losses of USD 400 million in the first quarter of 2026

Coinbase’s holdings of bitcoin (BTC) and cryptocurrencies hurt its balance sheet. Brian Armstrong, CEO of Coinbase, maintains an optimistic speech about the future. Coinbase’s financial balance has felt the rigor of the decline in the bitcoin (BTC) and cryptocurrency market. The American exchange recorded a net loss of $394 million during the first quarter of … Read more