Bitcoin Mining Boom Continues as BTC Price Surges

The price of Bitcoin (BTC) has surged to $42,000, with some analysts predicting that it could reach $50,000 in the near future. This comes as Invesco,Binance, one of the world's largest cryptocurrency exchanges, is under investigation by the Ontario Securities Commission (OSC) for allegedly failingGemini, a U.S.-based cryptocurrency exchange, is planning to introduce a new crypto product, while France has toughened regulations on cryptocurrencieThe Federal Reserve's decision to maintain a dovish stance on interest rates has given a boost to Bitcoin's price, with analysts expecting continued gThe latest CoinDesk Weekly Roundup covers the recent market developments, including the Federal Reserve's hint at a rate hike and its impact on the crEthereum (ETH) has burned over 1,200 Ether in the past 24 hours, according to data from Etherscan. The burned Ether is equivalent to over $4.4 millionIn the midst of the global pandemic and economic uncertainty, investors are flocking to safe-haven assets like bitcoin, driving the cryptocurrency's pSyscoin, a blockchain-based platform, has launched Rollux, an Ethereum-compatible layer that provides faster and cheaper transactions. Rollux is builtDespite the ongoing uncertainty in the cryptocurrency industry, markets have seen gains in the past 24 hours. According to Coinmarketcap, the total maBinance, the world's largest cryptocurrency exchange, has acquired Forbes, a leading business media outlet, in a deal worth $200 million. The acquisitThe bitcoin rally has stalled as miners sell off their holdings, causing the price to drop to around $35,000. This comes after a 17-month high of $45,