At the peak of China’s crackdown on Bitcoin miners and trading activities within its jurisdiction last year, the Bitcoin mining hashrate declined to an all-time low of 58.4 million terahashes per second as many miners were taken out of business due to the strict anti-crypto policy. Bitcoin hashrate reaches new ATH However, a new Glassnode …
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After Eminem revealed that he purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for $452K, both BAYC and Mutant Ape Yacht Club (MAYC) NFT sales have skyrocketed. Metrics indicate that on Sunday, January 2, 2022, MAYC’s seven-day trade volume of $93.02 million is up 93.41% and BAYC’s weekly volume of $78.26 million is …
El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds to be oversubscribed. Bitcoin Predictions 2022 by President Bukele The president of …
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s finance professor Jeremy Siegel shared his outlook …
Previously anti-crypto investors are increasingly turning to Bitcoin and its brethren as a hedge against fiat currency inflation concerns. One example is Hungarian-born billionaire Thomas Peterffy who, in a Jan. 1 Bloomberg report, said that it would be prudent to have 2-3% of one’s portfolio in crypto assets just in case fiat “goes to hell”. …
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One of 2021’s biggest stories was the China ban on Bitcoin mining. On one hand, the news did affect Bitcoin’s price and gave ammunition to the naysayers that think that governments will outlaw Bitcoin. On the other, the network kept working without a hiccup, recovered its hashrate in record time, and gained in decentralization. However, …
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Crypto analyst Benjamin Cowen says there’s a good chance that Bitcoin (BTC) has already found a bottom, despite displaying what many traders would say is fairly bearish price action. In a new strategy session, Cowen tells his 678,000 YouTube subscribers that pricing Bitcoin in assets other than the US dollar can sometimes be revealing. Instead …
A closely followed crypto strategist and trader is bullish on Bitcoin as we start 2022, highlighting two key catalysts that can ignite a BTC resurgence. Crypto strategist Kevin Svenson tells his 82,000 Twitter followers that Bitcoin is due for a rally as he believes sell-side pressure is about to see a significant decline. “Tax harvesting …
On Dec. 8, the EOS community voted to spot payments to its developer, Block.one, due to lack of financial transparency and slow progress on the chain. In turn, the EOS community, represented by the ENF (EOS Network Foundation), will continue to lead the EOS network as the world’s largest DAO. What went wrong between the …
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has reiterated his warning that governments could outlaw bitcoin. “In history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw bitcoin,” he stressed. Ray Dalio Continues to Warn About Governments Outlawing Cryptocurrency Bridgewater Associates founder Ray Dalio …
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Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread …
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Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021. Bitcoin’s Hashpower Reaches a New Milestone The processing power and security dedicated to the Bitcoin (BTC) network …
Popular meme crypto project Shiba Inu (SHIB) is set to launch its very own decentralized autonomous organization (DAO). In a new blog post, Shiba Inu developers say they are going to release DOGGY DAO, SHIB’s new governance protocol, in two separate phases. The first phase, which is set to launch in the coming days, will …
Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021. This may very well be the case, as a number of mainstream brands have begun …
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A widely followed crypto analyst is predicting that the price of Bitcoin (BTC) will skyrocket during the first half of this year. In a new video, the host of InvestAnswers tells his YouTube 388,000 subscribers that Bitcoin is long overdue for a massive rally that should happen sometime between March and June of 2022. “I …
