Over the past year, stock in four major gold mining companies have averaged triple the returns of physical gold, whereas Bitcoin mining companies have tended to underperform Bitcoin. According to a May 26 tweet from a Messari researcher, goldbugs like Peter Schiff have been missing a trick. Over the past year, returns on stocks in […]
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Bitfury is opening the company up to institutional investment, which it says will help family offices and others to diversify their holdings with Bitcoin mining. Bitfury, a mining company established in 2011, announced a partnership program on May 26 that lets institutions invest in Bitcoin (BTC) mining. The program will help family offices and other […]
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A basket of bearish signals suggests further problems for BTC/USD, but a higher CME futures gap is among the causes for hope this week. Bitcoin (BTC) faces a challenging week as $9,000 support fades and uncertainty increases after the halving — what should you look out for in the coming days? Cointelegraph’s weekly summary takes […]
Continue ReadingCiting the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate. The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining. Sichuan […]
Continue ReadingBitcoin survived last week’s halving, but it’s only a matter of time before BTC miners flee, say “death spiralists.” Are they right? Bitcoin (BTC) halvings are a little spooky, sort of like the witching hour, and one of the prophecies being murmured about last week was something about a Bitcoin network death spiral. This idea, […]
Continue ReadingExchange reserves hit an 18-month bottom while miners keep selling despite lower revenues after the halving. Bitcoin (BTC) is failing to retake $10,000 due to a fresh wave of miner selling, fresh data suggests ten days after the halving. Compiled by monitoring resource CryptoQuant, the figures show that over the past five days, combined outflows […]
Continue ReadingThe drop-off in Bitcoin mining revenue to 2019 levels show a macro bottom for BTC is near as the impact of the halving is starting to be felt. The revenue of Bitcoin (BTC) miners dropped to early 2019 levels for the second time in 2020. Every time it declined to a multi-year low, it marked […]
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Someone just moved Bitcoin from a wallet that has not been active for over 11 years, but Adam Back does not think it was Satoshi Nakamoto. Cryptographer and inventor of Hashcash, Adam Back, does not think recent transactions from the 11-year-old wallet involve pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto. “People need to chill,” Back said in a […]
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Crypto fans witnessed another episode of Billions featuring a plot focused on a Bitcoin mining operation. The world of cryptocurrencies figured prominently in the newest episode of the Showtime series Billions, which was broadcast on Sunday. The story revolved around a crypto mining scheme in a preparatory school. Notably, the episode was written by Ben Mezrich, […]
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If Bitcoin closes above $9200 this week, it’s an incredibly bullish sign — and perhaps the biggest since the 2017 bull run — for the coming weeks and months. The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200. […]
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