Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in Crypto: Top Bitcoin mining stocks soared Wednesday after hashrate fell sharply during the extreme winter conditions in the US, boosting profitability for companies that stayed online, PayPal found nearly 40% of US merchants accept crypto, and Nomura’s Laser Digital has applied for a US national trust charter license.

Bitcoin mining stocks saw a significant bump on Wednesday after the US winter storm forced some companies to wind down operations, leading to lower block competition and more profitable mining operations.

Shares of several major mining companies posted double-digit gains over the past 24 hours. TeraWulf rose about 11%, Iren Limited gained roughly 14%, and Cipher Mining climbed around 13%, according to data from Barchart.

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