Ethereum miners consider increasing the block gas limit, which has both advantages and drawbacks for the network. Ethereum (ETH) miners are currently voting to expand the block gas limit from 10,000,000 to 12,500,000 gas, according to a recent tweet from Bitfly, the parent company of Ethermine pool. What is gas and the gas limit? Gas […]
Continue Reading
The price of Bitcoin is now at a pivotal point after a 45-day range period, as crypto traders see both strong bearish and bullish scenarios. The price of Bitcoin (BTC) has remained stagnant in the $9,300–$9,500 range for seven days with low volatility. Traders expect the top cryptocurrency to see a huge price movement in […]
Continue Reading
All you need to know to prepare for Crypto Tax Season 2020 and correctly inform the IRS about your crypto. There is only one month left until the United States tax season. After being extended due to the COVID-19 pandemic, the official deadline to file tax returns is now July 15. If you think that […]
Continue Reading
As the network gets readjusted, and Bitcoin mining difficulty increases, older generations of mining machines might be out again. Some Bitcoin (BTC) miners might become unprofitable again as a result of the latest difficulty adjustment. Earlier this week, the network mining difficulty adjustment saw a +14.95% spike, its largest increase since January 2018. The regular […]
Continue Reading
Heavy correlation to the S&P 500 means that BTC/USD should be more like $18,000 unless the market falls, says the stock-to-flow creator. Bitcoin (BTC) should cost $18,000 right now — or the S&P 500 must crash, says the analyst behind the model which predicts a BTC price of $288,000. In a series of tweets on […]
Continue Reading
Co-founder of Decred believes that the CBDCs could create greater information asymmetries that would benefit ruling elites. Decred (DCR) co-founder Jake Yocom-Piatt believes that the emergence of CBDCs will facilitate the growth of crony capitalism. He speculates that if successful, central banks will be able to play favorites without the need for intermediaries. At least […]
Continue Reading
BlackBerry releases crypto mining and cryptojacking detection software focused on computers running Windows 10. Software company and former smartphone manufacturer, BlackBerry, has partnered with Intel to launch a crypto mining and cryptojacking detection system for Intel-based commercial computers. According to the announcement, BlackBerry released “BlackBerry Optics v2.5.1100”, which relies on the BlackBerry Optics Context Analysis […]
Continue Reading
The origin of the abnormal Ether transactions that paid more than $5 million in gas fees seems to be Korean “exchange” GoodCycle. After a week of searches, it appears that the culprit behind at least two of the anomalous high fee transactions on Ether (ETH) was found. As reported by Chinese blockchain analytics company PeckShield […]
Continue Reading
A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability. Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty […]
Continue Reading
Since its launch in April, Binance Pool has become responsible for 26.39% of all Bitcoin Satoshi Vision blocks mined. A year after removing Bitcoin SV from its exchange in April 2019 and the mining pool operated by leading crypto exchange Binance now produces more blocks than anyone else. According to crypto statistics and services platform […]
Continue Reading