Mining

We’ve often heard about how much bitcoin is presently circulating throughout the financial markets. At the time of writing, about 18 million units of BTC have been extracted or mined since the currency was founded, which means that there are only about three million units left.Bitcoin Is Close to Being Fully MinedBitcoin is a finite currency. It cannot be continuously printed or developed the way fiat can, and analysts say there are only about 21 million bitcoin units available to the world....

Bitcoin suffered a 3% price drop on Wednesday, coinciding with the largest flow of BTC from miners to exchanges in over a year.BTC Flows From Miners to ExchangesThat’s according to data from blockchain analysts at Glassnode, which showed a huge transfer of 2,650 BTC going from Bitcoin miners to the Bitfinex exchange on Tuesday. Seen below, that equates to the largest transfer of BTC from miners to exchanges since March 26, 2019.The last time such a large volume of BTC moved from miners to...

Ripple is moving its wheels faster than the prior years in increasing XRP adoption and also onboarding more customers on its ODL services and the Asian market will be one of the priorities for the company in the nearest future.Through an interview that was published on June 19, 2020, Adam Traidman the CEO of SBI Ripple Asia, BRD wallet and SBI Mining Chip Co. confirmed that ODL capabilities are going to go full scale in Asia market later this year or early next year.Among other issues...

An average of $15 million worth of ETH has been locked into Ethereum’s DeFi protocols each day for the past week. That equates to more than four times the amount of Ethereum, which is produced every day as a result of mining.Ethereum’s DeFi Protocols See Huge InfluxAccording to data from DeFiPulse.com, over $500 million entered various DeFi protocols in the past seven days, averaging just over $78 million per day. Lock-ins of ETH specifically numbered 461,000 in that time, equating to an...

Recent data indicates that Ethereum miners prefer holding their mined coins and have increased their balance in the past few weeks. At the same time, the number of ETH addresses containing from 100,000 to 1,000,000 coins have jumped by nearly 5% in June alone.Ethereum Miners HODLBecause of the current proof-of-work consensus algorithm that Ethereum employs, the network relies on miners to use their time and processing power to solve cryptographically difficult puzzles. If successful, miners...

It looks like bitcoin SV (BSV) and cryptocurrency exchange Binance – the largest and most popular cryptocurrency trading platform by daily volume – are at each other’s throats.BSV Is Angry About Binance’s DecisionsThe two companies are fighting with each other over Binance’s decision last year to delist the new cryptocurrency token made popular and consistently promoted by Australian tech entrepreneur Craig Wright. Jimmy Nguyen – the president of bitcoin SV (Bitcoin Satoshi Vision) – has said...

On Thursday, June 18th, the leading cryptocurrency behaves atypically, hardly moving at all. Bitcoin is trading at around $9,500 now.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Bitcoin price analysis.The difficulty of mining BTC has increased now.Microsoft is testing a BTC-based product.On W1, the Bitcoin stopped under the resistance level. Technically speaking, the cryptocurrency keeps trading under 61.8% Fibo. This consolidation means another bounce off this level. The aim of the...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 906. Heute sprechen wir über folgende Themen: Ethereum Supply ist weniger als erwartet, Bitcoin Mining Schwierigkeit steigt rasant an & Kommt das komplette Krypto Verbot in Indien? Die heutige Show wird gesponsert von VeraCash.com – Das goldgedeckte Konto, mit dem Du überall bezahlen kannst –  www.veracash.com/  & www.veraone.io – 100% goldgedeckter ERC20 Token. 1.) Vitalik: Ethereum Supply Is 40M Lower...

Canaan Creative has some monster-sized decisions to make if it wants to stay in business and compete with the likes of Bitmain and other mega mining ventures.Canaan Creative Isn’t Where It Needs to BeCanaan Creative is arguably the second-largest crypto mining firm in China after Bitmain, and yet the company isn’t doing so hot since the halving. Stock shares in the company have fallen well below the two-dollar mark, suggesting that people just aren’t interested in the company’s equipment – or...

In this article, we will take a look at the role that cryptocurrencies play today and at the changes that may happen for them in the future.More and more things are going online these days and monetary transactions and business are no exception. You have probably heard about cryptocurrency and all the potential it supposedly possesses. Maybe you are thinking of investing in it or perhaps even mining it yourself. Cryptocurrency can be difficult to get a proper grasp on, but essentially...