Bitcoin / 629 posts found
Miners Are The Biggest Risk Facing The Bitcoin Price
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As Hash Rate Soars, Parallels to 2018 Arise On October 23, bitcoin mining difficulty saw an upwards adjustment of 3.44% (after the previous adjustment of 13.55%), pushing mining difficulty to yet another all-time high as hash rate continues to soar. With the price of bitcoin stagnating at $20,000 give or take for the last few months, we have noticed some parallels […]
First Mover Asia: China’s Bitcoin-Funded Intelligence Operation in US Likely About Chips; Bitcoin Soars Past $20K
Cryptocurrency Good morning. Here’s what’s happening: Prices: Bitcoin has a rare day to celebrate, surging past $20K; ether surpasses $1.5K. Axie’s AXS tokens get swept up in short squeeze despite the risk that some recipients of an “unlock” might soon move to dump their holdings. Insights: Chinese intelligence officers attempted to use bitcoin to bribe an undercover FBI agent. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin Has a Rare Swing Upwards After […]
Market Wrap: Bitcoin Marches Past $20K as Investors Regain Their Appetite for Riskier Assets
James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin (BTC) took a rare trip upward on Tuesday. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up nearly 5% over the past 24 hours as chronically risk-averse investors drew encouragement from a number of big brands’ third-quarter earnings reports. BTC last topped $20,000 […]
Bitcoin and Ethereum Are Trending Again But A New Contender Is About To Gain More Momentum: Find Out What Makes Snowfall Protocol Unique!
Cryptocurrency There’s no doubt about it: Bitcoin (BTC) and Ethereum (ETH) are currently the two hottest cryptocurrencies on the market. However, a new contender is about to gain more momentum, and its name is Snowfall Protocol (SNW). What makes Snowfall Protocol (SNW) so unique? Keep reading to find out! Cryptocurrency Introduction To Bitcoin (BTC) and Ethereum (ETH) Before we get into what makes Snowfall Protocol (SNW) unique, we must first understand what Bitcoin (BTC) and Ethereum (ETH) are all about. Bitcoin (BTC) is a cryptocurrency that was created in 2009 by an anonymous individual or group of individuals known as […]
ARKF’s CEO Cathie Wood’s Bitcoin Portfolio Reinvents the Bullish Outlook
The Coinbase stock holdings of ARK’s Fintech Innovation Fund (ARKF) have increased by 10,880 shares, or almost 8% of the fund’s, to $60.5 million. According to 13F filings with the Securities and Exchange Commission, this would be ARK’s first acquisition of Coinbase stock since June (SEC). Cathie Wood, the chief investment officer at ARK, stated in August that due to an SEC investigation into the cryptocurrency exchange, the fund has cut its holdings in Coinbase. In summary, Wood and ARK are still very bullish on Coinbase and cryptocurrencies in general. According to 13F filings, ARK has 7.7 million shares of […]
Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns
Cryptocurrency James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin is certainly liking the air above $19,000. The largest cryptocurrency by market value remained above this threshold for the 14th consecutive day as investors continued to digest a range of issues that have been plaguing markets for weeks or longer. Bitcoin was recently trading at about […]
Core Scientific Again Raises Bitcoin Mining Hosting Rates
Eliza Gkritsi is CoinDesk’s crypto mining reporter based in Asia. The world’s largest bitcoin miner, Core Scientific (CORZ), raised its rates for hosting other companies’ machines to just under 10 cents per kilowatt hour, two people familiar with the matter told CoinDesk. It’s the latest price hike for Core Scientific, which had previously raised its rates by 20%-25% in recent months because of soaring energy costs. With the price of bitcoin stubbornly hanging around in the $20,000 area, the boosted costs make it even more difficult for miners to break even. Hosting is a service that data centers provide to […]