Bitcoin price fell by 10% after the latest drop in mining difficulty, suggesting selling pressure from miners is driving down BTC price. Bitcoin (BTC) currently sits at $6,370, a slight recovery from the March 27 pullback which saw the price drop nearly 9% in 4 hours. Despite showing some bullish signs, Bitcoin is still down […]
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Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving. Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings, […]
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The number of retail investors registering for an account with Japanese cryptocurrency exchange bitbank spiked by 40% in the week after the Bitcoin bloodbath. The number of retail investors registering for an account with Japanese cryptocurrency exchange bitbank spiked by 40% in the week after the Bitcoin bloodbath. The March 12 meltdown saw the price […]
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With many now working remotely, blockchain conferences have also been either postponed, canceled or moved online to avoid the coronavirus. The number of coronavirus cases worldwide is rapidly getting close to 400,000, with many industries and businesses affected around the world. The crypto market has been no exception. Bitcoin’s (BTC) price initially reacted with a […]
Continue ReadingCurrent price action from top cryptocurrencies suggests that the path of least resistance is to the upside, indicating the market could be in the early stages of a new uptrend. Even after the announcements of massive stimulus by the U.S. Federal Reserve, the ECB, and several other central banks, the equity markets are still struggling […]
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The upcoming Bitcoin halving remains a major topic within the industry. What can we learn from past experience to be ready for it? There appears to be increasing anxiety in cryptocurrency markets after the prices of Bitcoin (BTC) failed to maintain above the psychological $10,000 level in February. The disappointment came less than three months […]
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Experts believe that BitMEX’s lack of transparency during the recent outage caused investors to lose some confidence in the exchange. On March 13, trading giant BitMEX was thrust into the middle of a controversy that saw the premier exchange face an operational outage that lasted for about 25 minutes. During the downtime, rumors spread throughout […]
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Blockchain analytics firm Glassnode reported that the number of crypto wallets containing one or more bitcoins reached ATH of 795,630. Amid the ongoing crypto market decline, the number of crypto wallets containing one Bitcoin (BTC) or more continues to rise. According to major blockchain analytics firm, Glassnode, the number of Bitcoin addresses holding one or […]
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The 2017 ASICBoost controversy, which accused Bitmain of unfair mining practices, has resolved itself. Bitcoin (BTC) miners openly using AsicBoost are now comprising 63% of its network hashrate. This vindicates community concerns from 2017 that accused Bitmain of using the “covert” version of AsicBoost. The statistic was highlighted on March 9 by Bitmex Research, building […]
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The crypto community continues to help fight the coronavirus, with Binance Charity donating new batches of medical supplies to medical institutions. The crypto community continues to help fight the coronavirus outbreak, with Binance Charity donating new batches of medical supplies to hospitals and disease control command centers. On March 9, Binance Charity announced the completion […]
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