Chinese bitcoin miners don't seem to be stopping

Chinese bitcoin miners don’t seem to be stopping

China’s reported hash rate dropped to zero for two months last year but has since returned. Cambridge University’s Cambridge Centre for Alternative Finance (CCAF) made an update last week to its widely recognized (and justifiably so) Cambridge Bitcoin Electricity Consumption Index (CBECI), which aims to find and disclose the geographic location split of bitcoin miners …

Making Bitcoin legal in Mexico will be an "uphill battle," says Ricardo Salinas

Making Bitcoin legal in Mexico will be an “uphill battle,” says Ricardo Salinas

Salinas has been an early adopter of Bitcoin (BTC) since it was $200, Salinas has seen the highs and lows of the market, and I’ve learned a thing or two along the way. Salinas began his day as a speaker on the main stage of the Miami Beach Convention Center, where he was joined by …

A 'fear'-driven drop in sentiment has caused bitcoin to gain $43.5K, though some remain bullish

A ‘fear’-driven drop in sentiment has caused bitcoin to gain $43.5K, though some remain bullish

According to one analyst, the market’s broader recovery from the lows of January continues. Following Wednesday’s drop, Bitcoin showed indications of recovery, as hawkish statements from the United States Federal Reserve failed to calm market concerns about inflation in the coming months.According to price charts, Bitcoin (BTC) slipped below a recent upswing, failing to exceed …

Russia's Ministry of Finance provides new support for bitcoin mining

Russia’s Ministry of Finance provides new support for bitcoin mining

While supporting crypto mining companies, Russian lawmakers are still unsure whether they should ban individuals from mining cryptocurrency The Russian Ministry of Finance has declared its fresh support for Bitcoin (BTC) mining as the country continues to work on new laws for the cryptocurrency industry. Alexei Yakovlev, Director of the Ministry’s Financial Policy Department, encouraged …

MicroStrategy adds 4,197 BTC to the balance sheet

MicroStrategy adds 4,197 BTC to the balance sheet

The business intelligence firm now owns a total of 129218 Bitcoin In a statement with the US Securities and Exchange Commission (SEC) on Tuesday, enterprise software provider MicroStrategy reported that its subsidiary MicroStrategy bought 4,197 Bitcoin (BTC) ($190.5 million) between February 15 and Tuesday. The coins were acquired at a weighted average price of $45,714, …

After Fed comments, stocks and bitcoin briefly decline; DOGE rallies

After Fed comments, stocks and bitcoin briefly decline; DOGE rallies

Dogecoin rose 17% over the past 24 hours compared to roughly flat BTC. Bitcoin (BTC) traded in a choppy range on Tuesday after US Federal Reserve Governor Lael Brainard stated that the central bank might rapidly cut the size of its balance sheet.“The [Federal Open Market Committee] will continue steadily tightening monetary policy through a …

Intel launches a new bitcoin mining puzzle called Blockskill

Intel launches a new bitcoin mining puzzle called Blockskill

La société a noté que l’appareil est conçu en partie pour le hachage de blockchain économe en énergie On Tuesday, Intel Corporation unveiled Blockscale, their new Bitcoin (BTC) mining chip. The application-specific integrated circuit, or ASIC, is designed to operate on a Proof of Work blockchain using SHA-256 encryption. According to Intel, Blockscale will have …

Bitcoin Accumulation Signs That Drop-In Price Will Be Temporary

Bitcoin Accumulation Signs That Drop-In Price Will Be Temporary

Bitcoin’s price swung dramatically on April 4, but traders point to a short-term correction as investors chose to consolidate upon each dip. The crypto market advance that began on April 1 ran into tough resistance on April 4, resulting in a market-wide drop during the afternoon session as fatigued bulls were swamped by bears who …

Bitcoin price spikes to 46,500 dollars as it reaches its best weekly close of 2022

Will Bitcoin close its best weekly close of 2022? The price of Bitcoin stabilizes at 46.5 thousand dollars

Market participants pull back as Bitcoin price action focuses only $300 lower than last week’s close Bitcoin (BTC) bulls had everything to play on April 3, as it looks like the first weekly close of the month will be above $46,000. The last few hours of a Sunday can bring anything On Sunday, data from …

While bitcoin rallies amid lower volatility, altcoins lead

In a low-volatility environment, Bitcoin rebounds, altcoins rise

AAVE rose 20% compared with an ETH gain of 4% and an SOL gain of 9% on Friday. Bitcoin (BTC) rose back above $45,000 on Friday as volatility subsided.Alternative cryptocurrencies (altcoins) were also up, particularly AAVE, which gained 20% in the last 24 hours (up 60% in the last week) as a result of the …