Bitcoin Nears Outer Space as it Crosses $60,000

Almost all bitcoin holders are currently in profit for the first time since bitcoin overtook the previous long standing all time high of $20,000. According to blockchain analytics startup Glassnode, 99.02% of all BTC supply is now in profit with that last 0.98% potentially joining soon as bitcoin nears its final resistance at $64,000. The crypto jumped today as Shanghai […]

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From Grace To Grass: Chinese Bitcoin Hashrate Drops To Zero

For nearly a decade, China had dominated the Bitcoin mining scene and contributed as high as 75% of global mining hash rates. Chinese Bitcoin hash rates have fallen to zero following a heightened crackdown from the country’s regulatory agencies. In the wake of the crackdown, other countries are filling the boots left by China with the US leading the charge. […]

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Miami Putting The Pieces In Place To Pay Workers With Bitcoin

Miami’s mayor is going ahead with his plans to pay the city’s employees in Bitcoin. The city will put out a formal request for the proposal as it seeks to cement its place as the cryptocurrency capital of the world. The mayor is one of cryptocurrency’s most vocal enthusiasts and has opened the city doors to estranged Bitcoin miners. Miami’s […]

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Jack Dorsey’s Square Dabbling With The Idea Of Creating A Global Bitcoin Mining System

Key takeaways Jack Dorsey says that Square has plans to build a globally accessible Bitcoin mining system. The project which will be led by Square’s Head of Hardware Jesse Dorogusker will take on prevalent problems of Bitcoin mining. The move is highly bullish for the Bitcoin community.  Staunch Bitcoin proponent Jack Dorsey on Friday disclosed that his fintech company Square […]

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Bitcoin Briefly Touches $60,000 Thanks To Reports SEC Won’t Block BTC Futures ETF In The US

The crypto market lodestar has been smashing records since the beginning of this month. The Bitcoin rally gathered pace on Friday after reports emerged that the very first BTC exchange-traded fund (ETF) in the United States is likely to debut in the near future following expected approval by the Securities Exchange Commission (SEC). Bitcoin Futures ETF Approval Imminent  According to […]

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El Salvador’s Bukele Reveals What The Largest Global Crisis Is, But Here’s Why Bitcoin Solves This Problem

Key takeaways President of El Salvador Nayib Bukele opines that the world needs a “new economic system.” His comments all point to issues that Bitcoin proponents think the pioneer cryptocurrency can fix.  Critics remain unimpressed, but a bullish Bukele seems to pay no mind. El Salvador President Nayib Bukele has practically set up an office on Twitter as he has […]

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Bitcoin Touches $58,000 as China’s Bond Crisis Spreads

Bitcoin rose to $58,000 to touch a new recent high of $58,500 with it currently trading at $57,500 as the crypto tries to overtake resistance. Ethereum has also jumped to above $3,700 with it significantly lagging behind bitcoin as the latter seemingly takes the show. What exactly is driving it is not clear. Some say the eight years and one […]

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