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Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector. Go to Source Powered by WPeMatico
A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower. Go to Source Powered by WPeMatico
Miners are facing an increasingly problematic climate for participating in the Bitcoin blockchain, and only higher BTC prices can help. Go to Source Powered by WPeMatico
Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, and during the last DAA change, the difficulty dipped by 4.33%. Currently, at 235 exahash per second (EH/s), the network is expected to see a DAA … Read more
According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022. Go to Source Powered by WPeMatico
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. Go to Source Powered by WPeMatico
BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from glassnode warns of another final sell-off. Go to Source Powered by WPeMatico
A key derivatives metric used by margin traders has hit a record-high, but there’s plenty of risk and a catch to consider. Go to Source Powered by WPeMatico
The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish. Go to Source Powered by WPeMatico
Bitfarms, a global bitcoin mining company, has told that the price of bitcoin, above all other elements, is one of the most important factors for the future of the industry. Damián Polla, Bitfarm’s Latam General Manager, stated that countries like Argentina, where Bitfarms is currency building a bitcoin mega-mining center, were a very good destiny … Read more
