It hasn’t been this easy to mine bitcoin and earn rewards since January 2020. Bitcoin’s mining difficulty, a measure that determines how hard it is to mine the flagship cryptocurrency, saw another drop over the weekend. Another Bitcoin Mining Difficulty Drop According to data provided by mining service provider BTC.com, difficulty plunged by 4.81% at block 691,488 on Sunday. This […]
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Billionaire Jack Dorsey and Michael Saylor have been top Bitcoin proponents for a while now, and part of their regular Twitter discourse includes evangelists educating their counterparts and other big names about Bitcoin. Boxing legend Mike Tyson yes Bitcoin and Ethereum Very recently, both CEOs’ joined the race to draw in boxing legend Mike Tyson, into the Bitcoin market, after […]
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Speculation continues to mount on the ultimate direction of Bitcoin with a decent number of people believing that the asset’s current price is ripe to resume another bullish trend. However, on Friday, July 16, Scott Minerd, the Global Chief Investment Officer of global investment advisory firm Guggenheim Partners came under heavy criticism from Bitcoin maximalists and liberalists for a tweet […]
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According to a Bloomberg report on Monday, Bitcoin is one of the worst-performing assets if Goldman Sachs’ list of risk-adjusted returns by asset class is to be considered despite being up 16% this year. However, the report also notes that Bitcoin has done better than gold and treasuries when the Goldman Sachs data is adjusted for volatility to get the […]
Read moreS&P Dow Jones Indices or S&P DJI, has expanded its cryptocurrency indices to now provide a wide performance snapshot of the cryptocurrency market that includes more than 240 cryptocurrency coins at launch. S&P DJI noted that the expansion of its Digital Market Indices family offers significant level of additional transparency to the cryptocurrency market and provides one of the broadest […]
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Square is planning to develop a new platform for decentralized finance called ”TBD.” The company’s CEO, Jack Dorsey, made the news public through a tweet. Non-custodial DeFi Platform Jack Dorsey announced the development on Thursday, July 15, on Twitter with added details. Dorsey stated that they had decided to build an open developer platform to create non-custodial permissionless and decentralized […]
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On Tuesday (July 13), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), explained why he doesn’t believe that Bitcoin should be treated like a currency. On 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary treasury reserve asset.” […]
Read moreBitcoin’s hashrate has risen to 120 exahashes per second for the first time since it plunged last month. That’s more than double the recent low of 58 exahashes with the hashrate seeing an upwards trend for the past three weeks as pictured above. That suggest a significant amount of hashrate based in China has relocated or otherwise turned back on […]
Read moreBitcoin’s price hit a new all-time high near $64,000 and started dropping ever since. It dipped to a $30,000 low in late May but quickly recovered to $40,000. It has since been trending downward to trade within a range between $35,000 and $32,000. As the flagship cryptocurrency’s price steadily moves sideways, two top traders have now shared the key levels […]
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