Bitcoin (BTC)

After the latest crackdown from China on Bitcoin mining and the declining hash rate, the mining difficulty has gone through another adjustment. As a result, the metric has dropped by 20% in less than a month to a 5-month low. China Goes Against Bitcoin Mining The world’s largest country by population has been reiterating its negative stance against the cryptocurrency industry for almost a decade. It did it once again in May, but this time it went a step further. As previously...

Despite the apparent volatility of Bitcoin’s value, growing consumer acceptance and investor confidence in cryptocurrency are expected to eventually lead to more stability in its value.The stock-to-flow valuation model and its application to Bitcoin is perhaps not something familiar to the average investor but could have tremendous implications on forecasting the price of the leading cryptocurrency.The model, introduced in a 2019 paper titled “Modeling Bitcoin Value with Scarcity,” uses...

Yunnan now joins Inner Mongolia, Xinjiang, and Qinghai that have all issued notices to shut down part or all of the mines in their regions.Bitcoin mining difficulty dropped by 5.3% in the latter stages of June 13, days after the BTC network recorded a drop-off in hash rate. Bitcoin mining difficulty is a measure of how the network aims to keep blocks being produced at an even rate, despite the wild fluctuating hash rate. To house the varying hash rate, the Bitcoin mining difficulty makes the...

With recent consolidation and the fresh announcement from Elon Musk, Bitcoin on-chain indicator has turned bullish setting it up on a north trajectory to $85,000. The world’s largest cryptocurrency Bitcoin (BTC) is 12% up as of writing this article aiming at a move above $40,000. At press time, BTC is trading at a price of $39,535 with a market cap of $740 billion. This recent price rally in Bitcoin (BTC) comes as Tesla chief Elon Musk said that the company will resume Bitcoin transactions...

The president of Tanzania – Samia Suluhu Hassan – outlined the nation’s need for cryptocurrency adoption. She stressed out that the East African region still falls behind other, more advanced regions. ‘Do Not be Caught Unprepared’ In a recent announcement, the Tanzanian president – Samia Suluhu Hassan – highlighted the development of cryptocurrency usage and adoption in many countries. She reminded that the East African region, where Tanzania is located, is not as advanced as...

Stellar lumen price extended its decline below the $0.4000 support against the US Dollar. XLM price is now trading below $0.3600 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a steady increase if there is a break above the $0.3600 barrier. Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar,...

The Underground Sistine Chapel est un film documentaire qui raconte la construction d’une Chapelle Sixtine moderne, par Pascal Boyart, au cœur d’une ancienne fonderie d’or dans un lieu abandonné de la banlieue parisienne. Réalisé par Yohann Grignou & Antoine Breuil, fondateurs de Samouraï Coop, ce film indépendant a été financé via des crypto-monnaies, sera diffusé le 27 Juin 2021 sur des...

Not long ago, agents with the Federal Bureau of Investigation (FBI) managed to intercept bitcoin funds stolen through a ransomware attack on the Colonial Pipeline. The move resulted in a heavy blow to BTC, which experienced another massive dip over the weekend. How the FBI Got in the Way of a BTC Payment The FBI has now emerged with more details regarding the interception. The federal agency states that they were not able to find any security issues with the bitcoin...

After Tesla stopped accepting Bitcoin as a payment method for its electric cars back in May, Elon Musk has stated that his company would resume receiving Bitcoin transactions, with one condition dependent on the energy consumption. Exactly one month following Tesla’s announcement of halting bitcoin payments, Elon Musk has said on Sunday that the electric vehicle manufacturer will resume allowing BTC transactions. However, there’s one condition: at least 50% of the energy used...

A group of protestors calling themselves “Stopelon” gathered outside the Tesla processing factory in northern California earlier in the week to voice their anger at Elon Musk and his continued antics in the world of cryptocurrency. Elon Musk Faces More Anger Elon Musk has recently been deemed one of the most disliked figures in the digital currency scene. While at one point, the South African entrepreneur proved himself one of the strongest and most influential figures...