GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy?
Times are hard for Bitcoin and other cryptocurrencies, but gamers are in luck, as GPU prices are now more affordable. Go to Source Powered by WPeMatico
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Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Go to Source Powered by WPeMatico
WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto
Panelists at the World Economic Forum session on crypto’s carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining. Go to Source Powered by WPeMatico
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners
Legislators in the lower house of Russia’s parliament also dropped the notion of a special register for mining operators. Go to Source Powered by WPeMatico
Bitcoin’s current setup creates an interesting risk-reward situation for bulls
A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal. Go to Source Powered by WPeMatico
Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4%
While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining difficulty is estimated to drop 3.67% giving miners some … Read more
Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week
Bitcoin is getting a dose of reality this week as the World Economic Forum convenes and analysts still favor a fresh BTC price drop. Go to Source Powered by WPeMatico
Crypto Mining Farm Uncovered in Russia’s Oldest Prison
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency in Moscow Prison A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy … Read more
3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.” Go to Source Powered by WPeMatico
Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market
A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Go to Source Powered by WPeMatico