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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
25.8.2020
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear...
Stop Sweating About BTC Supply, Expert Tells Bitcoiners
25.8.2020
Bitcoiners’ greatest fear – certainly in recent months – revolves around supply issues. What happens to bitcoin (BTC) when there is nothing (or very little) left to mine. How will the world’s biggest token respond?
Well, one expert says that “concerns about bitcoin’s long-term supply credibility...
Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin
25.8.2020
On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm...
Price analysis 8/24: BTC, ETH, XRP, BCH, LINK, LTC, BSV, CRO, BNB, ADA
24.8.2020
The bulls are aggressively defending the 20-day EMA in Bitcoin and select altcoins, which could result in the resumption of the uptrend
Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol
24.8.2020
The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project that’s seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on...
Bitcoin Price Manipulators Watch Closely as BTC Loses Bullish Momentum
23.8.2020
Bitcoin whales are watching as BTC loses momentum near a key resistance level. Is another flash crash in the making?
Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ATOM, NEO, CRO
23.8.2020
Bitcoin and Ethereum are likely to consolidate for a few days, leading select altcoins to possibly continue their uptrend
Re-Mining Simulation Shows Satoshi Used a Single High-End PC to Mine 1.1M Bitcoin
23.8.2020
Cryptocurrency advocates have been recently discussing the mysterious Bitcoin inventor Satoshi Nakamoto as RSK’s chief scientist, Sergio Dermain Lerner, published a paper called “The Patoshi Mining Machine.” Essentially, Lerner simulated Satoshi’s mining experience....
This Bitcoin Whale Sold at $12,000 BTC Price After HODLing for 2 Years
23.8.2020
A Bitcoin whale, who accumulated 9,000 BTC in late 2018, has sold after 22 months and two capitulation phases
Bitcoin Options Open Interest Reaches $2B — Should BTC Traders Worry?
21.8.2020
Open interest on Bitcoin options reached $2 billion but should traders be worried that the majority of August options appear worthless?
Price Analysis 8/21: BTC, ETH, XRP, BCH, LINK, LTC, BSV, ADA, BNB, CRO
21.8.2020
Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened
Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold
21.8.2020
Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast.” The best selling author says now is “not a time to think about it” and said people should start...
Uber Exec Allegedly Concealed 2016 Hack With $100K BTC ‘Bug Bounty’ Pay-Off
21.8.2020
A former CSO is accused of trying to conceal Uber’s involvement in a 2016 data breach by paying the hackers $100K in Bitcoin
Market Wrap: Bitcoin Breaks $11.8K; BTC in DeFi Doubles in August
20.8.2020
Bitcoin price is on the upswing as the amount of the world’s oldest cryptocurrency locked in DeFi jumps
Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows
20.8.2020
Derivatives data and other key metrics show pro traders remain strongly bullish on Bitcoin despite the recent rejection at $12.4K
$50K Bitcoin Is ‘Reasonable’ if BTC Hits New Highs, Says Tone Vays
20.8.2020
Tone Vays says $45,000 to $50,000 is a reasonable bull market target for Bitcoin if it surges past $20,000
Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern
20.8.2020
A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.”
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
20.8.2020
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s...
Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations
20.8.2020
There’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now in place,” as it contains a new coinbase rule....
Middle Eastern Restaurant Chain Converts Entire Reserves to BTC
20.8.2020
The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto