Bitcoin / 629 posts found
How Pizza Day Relates To Bitcoin Mining
Memes aside, what is the significance of Bitcoin Pizza Day? When Bitcoiners buy pizza on May 22 every year, what exactly are they celebrating? We all know the story, and we’ve all probably wondered, “Does Laszlo Hanyecz regret buying two pizzas for 10,000 bitcoin in 2010?” Hanyecz says no, he doesn’t regret it, but most normal people would argue that he’s post-rationalizing. “Of course he’d say that, it’s a coping mechanism. He can’t go back in time and change it. But of course he regrets it. Who wouldn’t?! He could’ve been a multimillionaire today!” In fact, considering Hanyecz did the […]
Kraken Daily Market Report for May 17 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $774.9 million, 30 day average spot: $1.06 billion. Total futures notional: $211.1 million. The top five traded coins were, respectively, Tether (+0%), Bitcoin (+2.0%), Ethereum (+3.5%), USDC (0%), and Solana (+5.9%). Strong returns from Kyber Network (+38%), Songbird (+21%), and StorJ (+15%). May 17, 2022 $774.9M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9989 ↑0.03% $268.6M BTC $30408. ↑2.0% $166.3M ETH $2088.6 ↑3.5% $134.6M USDC $0.9999 ↓0.01% $59.3M SOL $57.0 ↑5.9% $21.4M DOT $11.039 ↑4.0% $15.1M…
Chinese Bitcoin Miners Using VPNs as Covert Mining Soars
Reading Time: 2 minutes Chinese Bitcoin mining activity has surged in 2022 Bitcoin mining activity in the country has rebounded to account for over 20% of the global hashrate Some Chinese miners have been using VPNs to hide their location since the May 2021 ban Chinese Bitcoin miners may have officially been banned from operating in the country, but this doesn’t seem to have stopped them. Recent data from the Cambridge Centre for Alternative Finance (CCAF) published Tuesday showed that Bitcoin mining originating from China had enjoyed a huge resurgence, accounting for 21.11% of today’s Bitcoin hash rate. CCAF suggested […]
Fear Prevails in Crypto Market as Bitcoin Tumbles
Bitcoin Key Takeaways The crypto market has lost over $1.7 trillion of value in the last seven months. Terra’s recent death spiral has had an impact on market sentiment. Another downswing is possible before the market bottoms out. After Terra’s implosion, the cryptocurrency industry has reached a critical point in its history. Market participants remain sidelined while uncertainty reigns. Bitcoin Crypto Investors in “Extreme Fear” Fear, uncertainty, and doubt have taken over in the cryptocurrency market. Over the past seven months, the cryptocurrency market has lost more than $1.7 trillion in value. Though Bitcoin is now trading 56.5% short of […]
China Regains the Title of the 2nd Top Bitcoin Mining Hub
You are here: Home / News / Bitcoin News / China Regains the Title of the 2nd Top Bitcoin Mining Hub May 18, 2022 by Vignesh Karunanidhi According to recent research, China failed to implement its cryptocurrency prohibition last year, and the country has since resurfaced as one of the world’s main Bitcoin (BTC) mining hubs. China became the second-largest Bitcoin hash rate supplier in January 2022, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI), months after local officials banned all crypto operations in the country. According to data, Chinese bitcoin miners generated 21.1 percent of the entire global […]
El Salvador’s crypto-loving president is hosting the Davos for Bitcoin with more than 40 countries represented
Bitcoin Davos for Bitcoin hosted by El Salvador’s president kicks off with more than 40 countries attending | Fortune You need to enable JavaScript to view this site. Read More
CEO of cryptocurrency exchange FTX believes that Bitcoin has no future as a payments network
TL;DR: Sam Bankman-Fried said that he doesn’t believe Bitcoin can work as a payments network, criticizing the high energy costs of its proof-of-work algorithm and claiming it can’t sustain millions of transactions per second. He does, however, think that it has potential as a store of value. In a Monday interview, crypto billionaire Sam Bankman-Fried said that he doesn’t see a future for Bitcoin as a payments network. Bankman-Fried is the founder and CEO of FTX, one of the most popular cryptocurrency exchanges in the world. The thirty-year-old billionaire criticized Bitcoin’s underlying proof-of-work system, used to verify transactions, for its […]