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Nalezeno "Bitcoin News": 10980

Bitcoin eyes $70k after breaking out of the consolidation


Bitcoin has been recognized to have been in a consolidation phase for almost 50 days. It is closer to the historical record of 63 days. However, analysts are apprehensive about the potential next surge once BTC concludes its depressing phase. Its price movement has been mostly within the restricted...

Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024


Canaan introduces the A1566 model in Hong Kong, aims to provide a more cost-effective solution for miners by offering higher data processing capabilities with lower energy consumption. The post Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024 appeared first on Cryptonews

Bitcoin mining difficulty sees biggest drop since bear market lows


Bitcoin saw a significant drop of 5.7% last Thursday, marking a major decrease in nearly a year and a half. Data from Bitbo revealed that this adjustment took place at block height 842,688, resulting in a decrease to 83.1 trillion. This shift stands out as the most significant reduction since...

Arch Labs $7 Million to Develop Bitcoin-Native Application Platform


Arch Labs raises $7 million in a seed funding round led by Multicoin Capital, aiming to enhance the functionality of the Bitcoin blockchain through native applications. The post Arch Labs $7 Million to Develop Bitcoin-Native Application Platform appeared first on Cryptonews

Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030


Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. "I do think it hits that number and goes beyond," he said. The post Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030 appeared first on Cryptonews

Lightning Labs Paving the Way to Bring Stablecoins to Bitcoin


Lightning Labs CEO Elizabeth Stark believes the new functionality brought by the Lightning Network Taproot Assets protocol will enable stablecoins on Bitcoin. The post Lightning Labs Paving the Way to Bring Stablecoins to Bitcoin appeared first on Cryptonews

Core Scientific Records $211 Million Net Income in Q1 2024


Core Scientific reports a turnaround with a net income of $211 million in the first quarter of 2024, marking a recovery from last year's financial losses with 2,825 self-mined Bitcoin. The post Core Scientific Records $211 Million Net Income in Q1 2024 appeared first on Cryptonews

Are Bitcoin futures options unlocking new opportunities for gaming?


Bitcoin was initially invented by Satoshi Nakamoto in 2009 and is used for peer-to-peer transactions without the interference of any third parties like banks due to its decentralized nature. Due to the scarcity in supply, limited to 21 million coins, these coins have qualities similar to those of...

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