An analysis of the advantages and disadvantages of the blockchain protocols that are the basis of the entire industry. Bitcoin (BTC) is the largest decentralized digital currency in the world, with an estimated market capitalization of around $169 billion. In the nearly 12 years since the publication of Satoshi Nakamoto’s famous white paper in 2008, […]
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Cambridge University has launched a ‘Bitcoin Mining Map’ that shows the distribution of hashing power worldwide as well as within China. The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that provides the average monthly hash rate produced by each country across the globe. The map is informed by the data […]
Continue ReadingSeveral prominent Chinese cryptocurrency miners expect a wave of new Bitcoin buyers following the halving. A majority of Chinese miners expect a huge influx of new Bitcoin (BTC) buyers within the next six months. According to a poll by crypto services firm RockX on May 4, 57% of Chinese miners expect a large number of […]
Continue ReadingCrypto fans have been discussing actively on social media about the new Bitcoin-related episode of “Billions” series. Showtime released the first episode of the fifth season of financial drama series “Billions,” which opened with a Bitcoin mining bust. The new season, based on the life of the former New York District attorney Preet Bharara, began […]
Continue ReadingChinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch. Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports. Earlier this week, a local industry blog revealed that the mining giant has accumulated over $300 million in revenue so far this […]
Continue ReadingDoes Binance’s venture into mining threaten the integrity of blockchain systems? This week marked the launch of Binance Pool, a mining platform powered by one of the world’s largest cryptocurrency exchanges. Coming less than a month after Binance’s CEO Changpeng Zhao confirmed rumors of this forthcoming addition to his brainchild company’s product family, the announcement […]
Continue ReadingBitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only […]
Continue ReadingLeading crypto traders lay out both bearish and bullish scenarios for Bitcoin as the halving approaches. The price of Bitcoin (BTC) increased from $7,700 to $9,500 in merely 48 hours from Wednesday to Thursday, rising by more than 22%. The market has cooled down since, with the dominant cryptocurrency dropping back below $9,000. All key […]
Continue ReadingChina has consolidated more than half of the world’s Bitcoin mining operations. What threats could the situation create? Could China take over the Bitcoin (BTC) ecosystem? It’s a very real possibility, and it could happen very quickly because China controls more than half of the world’s Bitcoin mining operations — upward of 65% of the […]
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About 37% of the crypto community expects BTC’s hashrate to be higher 1 month after the block halving than it currently is. About 37% of the cryptocurrency community expects Bitcoin’s (BTC) hashrate to be higher one month after the block reward halving than it currently is, according to a recent poll. Cryptocurrency portfolio tracking application, […]
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