‘Bitcoin Mining Council’ says 56% of all mining is sustainable The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power mix. 2 min read →
The world is growing increasingly pro-Bitcoin as the latest data has shown that the flagship digital asset settled over $30 billion worth of transactions in one day beating that of other payment gateway systems like that of MasterCard and Visa. Bitcoin settled $31 billion transactions in a day While the network has witnessed a drop…
In just over a month since Bitcoin became legal tender in El Salvador, almost twice as many Salvadorians have a Chivo wallet than a bank account. In his most recent post on the uptake of Chivo on October 3, President Bukele said 3 million Salvadorians were using the wallet; this equates to 46% of the…
Months after China kicked out crypto miners citing environmental concerns of the industry, a report from Foundry USA has shown that miners emigrating to the United States are seeking renewable energy sources for their operations. New York is attracting BTC miners According to the report from the biggest mining pool in North America and the…
According to El Mundo, identity thieves have targetted the Chivo wallet leading to further doubts around Bitcoin adoption in El Salvador. President Bukele sold the idea of Bitcoin as legal tender based on “banking the unbanked” and reducing overseas remittance fees. Payments to friends and family from Salvadorians living and working abroad account for 22%…
Bitcoin is up 24% since the start of October, with six daily green closes out of seven. Meanwhile, over the same period, stocks fell, although many stock indices seemed to have bottomed mid-week. This apparent divergence in investor activity has some wondering if Bitcoin, and the crypto class in general, has broken its correlation with…
Bank of America report says crypto, DeFi are “only in the first inning” Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › U.S. › Analysis Bank of America lay out a bullish scenario for the nascent digital asset industry. Samuel Wan · October 7, 2021…
Renowned Bitcoin (BTC) investor and market analyst, Tuur Demeester, recently reminded his army of more than 200,000 Twitter followers about a certain market sentiment indicator. The founder of Adamant Capital, a Bitcoin Alpha fund, who is widely known for forecasting Bitcoin price trends, anticipates a 100-day-long greed period, during which the investor rush could again…
Like many crypto enthusiasts predicted that several countries would be following in the footsteps of El Salvador in adopting Bitcoin as a legal tender, there are indications that Tonga could be the next, as one of the country’s politicians is busy drafting a bill in that direction. Tonga will get Bitcoin bill in 2022 The…
$62 Million Litecoin Transaction Sent for Fifty Cents: The Potential of Crypto Transactions On November 9, the Litecoin (LTC) news site litecoin dot com reported one of the highest transactions to date on the LTC network, valued at 1,159,005.90779568LTC, or roughly $62M USD. 2 min read →