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IOTA price prediction amid supply increase announcement

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IOTA (MIOTA) was among the worst-performing cryptocurrencies during the weekend, with a drop superior to 12% in 40 hours after an announcement by the IOTA Foundation (IF) that the token’s fixed supply would be changed, for a 4-year inflation of 39.58%. This recent announcement was faced with surprise by the community, and even among old-time supporters and contributors to the ecosystem, who always believed IOTA’s tokenomics were based on a non-inflationary and fixed supply of 2.78 billion MIOTA. “Out of all the major tokens, #IOTA is the only token economy without any inflation. There will never be more tokens. There is only a limited number of tokens.” — Dominik Schiener (@DomSchiener), Executive Director and Co-Founder of the IF, in 2021 Posted by Dominik Schiener, IF co-founder. Source: X How much IOTA’s supply will be increased? Cryptocurrency Ethereum Merge 1-year anniversary: 4 key insights you need to know Cryptocurrency Ripple moves ...

Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022

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According to Northern Data AG, it generated a total of 2,798 BTC in the fiscal year 2022. Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division. According to Northern Data AG, in the fiscal year 2022, it mined a total of 2,798 BTC, a significant increase of 315% compared to the previous year. This led to BTC mining revenues of EUR 77.7 million in the fiscal year 2022. The average sale price of the 3,005 BTC mined and sold in 2022 was EUR 23,849, contributing to a cash revenue of EUR 71.7 million. The data released by Northern Data also indicated that it had approximately 3.6 EH/s of computing power dedicated to BTC mining. Additionally, the company said it “expects unaudited consolidated revenues in the range of EUR 190-194 million and EBITDA adjusted for the trading loss from the sale of cryptocurrencies of EUR 40-50 million (unaudited) for fiscal 2022.” Cast your vote now! However, Dece...