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Nexon Hodls Despite Chalking Up 40% of its USD 100M Bitcoin Buy as Loss


The crypto-keen South Korean gaming giant Nexon is continuing to hold its bitcoin (BTC) - even though it has written off some 40% of the money it spent on a groundbreaking USD 100m BTC purchase just months ago as a loss. In an official release, Nexon said that, going forward, it would reassess...

Bitcoin and DOGE Rally, JPMorgan Warns Bitcoin Could Risk Loss In July


The text below is an advertorial article that was not written by Cryptonews.com journalists. Although the crypto markets are still plagued by China FUD, the markets as a whole are recovering in the last two days. Bitcoin tested the 29K USD psychological level once but has since rebounded...

Myriad Proof-of-Work Blockchains See Significant Hashrate Losses


While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable...

Bitcoin Hashrate Drops 35% Intraday — Mining Difficulty to Drop by 23%


Bitcoin’s hashrate experienced a large drop of almost 35% in a single day. The hashrate plummeted from 108 exahash per second (EH/s) yesterday to today’s 69 EH/s, seeing one of the sharpest declines in the network. This might be a consequence of the situation going on with miners...

When Can We Expect Bitcoin's Biggest Loss in 2021?


Disclaimer: The text below is a press release that was not written by Cryptonews.com. One of the biggest changes in the crypto community in 2020 is the keen adoption of Bitcoin by institutional investors. Companies such as Grayscale and JPMorgan began to invest in Bitcoin when Bitcoin was trading...

In 2007, Video Game Memes Took A Dark Turn


Memes. These days, they’re everywhere. They are the pillars upon which internet culture—and by extension, pop culture—stands. But once upon a time, memes dwelled in the internet’s dankest sewers, traded in the darkness by geeks, nerds, and outcasts. On this week’s Splitscreen podcast, we examine...

The Weight


More than 20 years later, I can still remember my grandmother handing me the silver diet book with the cartoon cover and the sense that I needed to do something. I was probably around 13; the specifics have mercifully faded with time, but the cover and the feeling are burned into my brain. And...

Bitcoin Breaks Key Support, Ethereum and Altcoins Extend Losses


Bitcoin price extended its decline below the USD 58,000 support. BTC even broke the key USD 55,000 support level and declined towards USD 53,000. It is currently (05:30 UTC) recovering, but the bulls could struggle near USD 55,000 and USD 56,000. Similarly, there were additional losses in most...

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