Bitcoin News

Bitcoin's Total Hashrate Slides Lower in December as BTC Miners Str…

While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago.

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Bitcoin, Ethereum Technical Analysis: BTC Moves Above $17,000 on We…

Bitcoin moved to $17,000 on Wednesday, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers fell to its lowest level since July, despite inflation easing in the world’s largest economy. Ethereum remained higher, edging closer to $1,300.

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Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000

Veteran investor Mark Mobius, the founder of Mobius Capital, expects the price of bitcoin to fall to $10,000. Nonetheless, he said: “Crypto is here to stay as there are several investors who still have faith in it.”

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10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex…

A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions.

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Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC…

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.”

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Bitcoin, Ethereum Technical Analysis: BTC Climbs to $17,000 as Weak…

Bitcoin was trading marginally higher on Nov. 15, as the U.S. dollar continued to weaken, dropping to multi-month lows versus several G7 currencies. The decline of the dollar overshadowed tweets from FTX’s Sam Bankman-Fried, who cryptically tweeted “What happened” to his 1 million followers.

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Robert Kiyosaki: I'm a Bitcoin Investor — When BTC Hits New Botto…

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited.

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Bitcoin's Mining Difficulty Shrinks for the First Time in 4 Weeks

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.

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Tim Draper Extends BTC Price Prediction by 6 Months — 'By Mid-202…

The American venture capitalist and founder of Draper Fisher Jurvetson (DFJ), Tim Draper, is still confident in his bitcoin prediction that says the crypto asset will tap $250K per unit. Draper said in April 2018, at the Draper University blockchain party, that he predicted: “$250K by 2022.”

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Satoshi Nakamoto's Seminal Bitcoin White Paper Turns 14 Today

  

Approximately 14 years ago today, on Halloween, Satoshi Nakamoto introduced Bitcoin to the world by sharing the renowned white paper. Satoshi’s invention, shared on metzdowd.com’s Cryptography Mailing List, not only solved a problem that had plagued computer scientists for years, but the invention also redefined how people look at money.

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3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifet…

This month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s mining difficulty reached a lifetime high at 36.84 trillion on Oct. 23.

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BTC Whale Transfers $940 Million Out of Coinbase — 3 Batches of '…

On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher’s summary of the situation, a large portion of the funds were old coins.

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Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Sta…

Bitcoin started the week trading above $19,000, as bulls made a sluggish return to the token, following recent sell-offs. Ethereum also rallied on Monday, after a brief stint trading below $1,300. Overall, the global crypto market is down 1.19% as of writing.

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The Size of Bitcoin’s Distributed Ledger Nears a Half Terabyte

Well over a decade ago, on January 3, 2009, the size of the Bitcoin blockchain was 0.285 kilobytes (kB) or around 285 bytes. Today, however, the blockchain’s ledger is nearly half a terabyte, or roughly 432 gigabytes.

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Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC

According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today.

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While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Bl…

  

Over the past 12 months, Bitcoin’s hashrate has increased by 85.77%, while 53,547 blocks were mined and 334,668.75 new bitcoin were minted into circulation.

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Bitcoin Mining Threatens America's Climate Change Efforts, White Ho…

The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining.

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Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9…

Last week Bitcoin.com News reported on two old bitcoin addresses created in 2013 sending 10,001 bitcoin to a myriad of wallets. Heuristics and clustering techniques indicate that the bitcoins were associated with Mt Gox, roughly around the same time the exchange was hacked in June 2011.

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Ethereum Co-Founder Vitalik Buterin Discusses Bitcoin’s Long-Term S…

On September 1, Vitalik Buterin conducted an interview with the economics author Noah Smith and the co-founder of Ethereum spoke an awful lot about Bitcoin and the network’s long-term security. Buterin also discussed the crypto economy’s crash and said he was “surprised that the crash did not happen earlier.”

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Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,00…

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data.

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Bitcoin's Mining Difficulty Rises for the Second Time in a Row —…

On August 18, 2022, Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning.

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Buy a Dream House With Bitcoin In the Idyllic Caribbean Valley of P…

At one point in every crypto enthusiast’s life he or she has envisioned buying their dream mansion, with Bitcoin. What was once a fantasy is now a reality with the listing of this exquisite, ultra modern, 2-story, 5-bedroom mansion in the heart of the Caribbean.

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Bitcoin Price Outlook for August: BTC Faces Some Important Tests in…

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs.

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Skybridge Estimates Bitcoin's Fair Market Value at $40K and Ethereu…

Skybridge Capital’s founder says bitcoin’s fair market value is about $40,000 based on adoption, wallet size, use cases, and growth of wallets. The asset management firm also estimated ethereum’s fair market value at around $2,800.

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Microstrategy Outperforms Every Asset Class and Big Tech Stock Sinc…

Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor.

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'Bitcoin Valley' Launches in Honduras — 60 Businesses Accept BTC…

Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner.

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Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbin…

Crypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. The Fed opted to raise rates by 75 basis points (bps) for a second consecutive meeting. Bitcoin briefly rose above the $23K mark earlier in the day, with ethereum rallying to a fresh six-week high over the $1,600 mark.

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Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards…

Seven days after the financial technology and bitcoin payments firm Zebedee announced it secured a $35 million capital raise, the company has revealed a new partnership deal with the mobile game studio Viker.

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Kevin O'Leary Warns Major Crypto Panic Event Is Coming — 'I Don't…

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned of an impending “big panic event” in the crypto space. “I don’t believe we’ve seen the bottom yet and I have a different view of it,” he said.

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Bitcoin, Ethereum Technical Analysis: BTC Hovers Slightly Above $20…

BTC was trading higher on hump day, as bullish momentum picked up as the week progressed. Prices once again tested a key resistance level above $20,000, with ETH also hovering around a ceiling of its own during Wednesday’s session.

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