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Are Miners Waiting for Bitcoin to Hit Breakeven Point?


Johnson Xu is the Chief Analyst at TokenInsight, a token data and rating agency. _____ The sharp market downturn in mid-March 2020 forced some Bitcoin (BTC) miners to switch off their mining rigs. As a result, the Bitcoin network hash rate plummeted to ~75.8 EH/s. After reaching its lowest recent...

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them


According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...

Venezuelans Use Bitcoin as Gateway to Buy Foreign Fiat - Research


Bitcoin (BTC) continues to boom in Venezuela – but only because it is helping citizens buy hard-to-purchase foreign fiats, says an industry observer. As previously reported, trading volumes on peer-to-peer (P2P) platform LocalBitcoins have spiked again in recent weeks. In a report from the Open...

Prestmit, A Platform For Nigerians To Buy & Sell Gift Cards And Bitcoins


Due to the advancement of cryptocurrency and the widespread of gift cards in the Nigerian market, Prestmit, a Nigerian platform, now provides the absolute solution that gift cards and bitcoin enthusiasts within and outside the country have been looking forward to. The post Prestmit, A Platform...

Bitcoin (BTC) Turns Flat Above $6.5k; A Massive Price Change Expected


Bitcoin, at the time of writing this analysis, continued to trade above $6.5k at $6,650.93 along with the price accumulation above 50.0% Fib Retracement level. Amidst the global crisis, the BTC price trend has drawn a high at $9,200, low at $3,800, and relief support at $6,500. Analyzing...

Panic in Bitcoin Market 'Dissipating,' Miners Returning


Bitcoin (BTC) on-chain activity and again increasing hashrate suggest positive moves in the market and the largest cryptocurrency network, according to blockchain analysis firm Glassnode. With the price stabilizing and investors slowing down the portfolios readjustments, on-chain activity has seen...

Spanish Red Cross Rejects Crypto While Italians Raise USD 20K in Bitcoin


Italy and Spain are two of the countries worst hit by the coronavirus pandemic, and perhaps two of the countries whose health workers are now in most pressing need of financial support. But the Red Cross organizations in both countries are taking a very different approach to cryptocurrency...

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