As the halving approaches, miners in Europe face a serious challenge: Can they survive the event, and will the industry thrive post-halving? As the Bitcoin halving approaches, miners across the world have been forced to make adjustments in order to adapt. The halving will see Bitcoin’s (BTC) production cost double overnight, but luckily the cryptocurrency […]
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 ReadingSeveral altcoins are likely to rally if Bitcoin can resume its up move this week. The most talked-about event last week was the West Texas Intermediate crude futures for May delivery, which plunged to negative $37.63 per barrel on April 20. That was followed by a sharp rebound, which helped crude oil recover to $17.31 […]
Continue ReadingAs oil overtakes Bitcoin for price volatility, FTX has launched oil future contracts pegged to the West Texas Intermediate, plus $100. The Binance-owned crypto derivatives exchange, FTX, has introduced oil futures following the recent record crash in U.S. oil prices — which fell as low as minus-$40 on April 20. FTX’s contracts will expire at […]
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New research suggests Tether Treasury is not pumping Bitcoin’s price, contrary to popular belief. Stablecoins are not driving up the price of Bitcoin and other cryptocurrencies, according to a new study from the Centre for Economic Policy Research. Academics Richard K Lyons from UC Berkeley and Ganesh Viswanath-Natraj from the Warwick Business School looked at […]
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After a deep dive into Facebook’s Libra project, Binance Research found the proposed concept could change the face of the payment sector. Binance Research dove into Libra’s most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook’s proposed asset could significantly alter the payments world. “Libra’s envisioned global payment system could do to […]
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With the Bitcoin halving less than three weeks away, pundits predict the hash rate distribution to revert to the optimized pre-halving state. With the Bitcoin (BTC) halving only weeks away, anticipation appears to be building up as Google Trends data for the event show online searches reaching an all-time high. Bitcoin’s block reward halving comes […]
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A Texas federal judge issued a bench warrant in response to a contempt motion brought by the SEC against former Rep. Senator David Schmidt. A Texas federal judge issued warrants for the arrest of an ex-Washington state senator and the leaders behind an alleged cryptocurrency scam involving the Meta 1 coin. At an April 21 […]
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The drop in oil prices is now negatively impacting the stock market, leading crypto investors to worry about the future of Bitcoin price. The shockwaves from yesterday’s explosion in the oil markets continued to damage oil prices and shrapnel from the blast caused damage to equities today as U.S. markets closed in the red after […]
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Crypto pundits believe that the Libra Association has allayed most of the concerns put forth by regulators by updating its white paper recently. Following an overhaul of Libra’s original white paper that was met with strong skepticism from United States policymakers, a member of the House Financial Services Committee — Democrat Rep. Sylvia Garcia from […]
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