Tag Archives: btcusdt

Recent Chinese reports informed of hidden Bitcoin mining rigs stealing electricity in the northern city of Daqing. Interestingly, the perpetrators were concealing their operation under two mysterious grave mounds in a relatively empty field.BTC Mining Operations In HidingAccording to the recent report, a Chinese oil field company sent a tip to local police asking them to investigate suspicious power losses near Daqing. Upon arriving at the scene, the police officers spotted something somewhat...

The celebration of Bitcoin bulls for bringing the price above $10,000 was nothing but shortlived as the leading cryptocurrency collapsed to $8,500 in less than five minutes.Bitcoin Nosedives to $8,600 on BitMEXThose who have been involved in the cryptocurrency field long enough probably know that there’s rarely a dull day with Bitcoin.In today’s early hours, the leading cryptocurrency broke the coveted $10,000 level to reach as high as $10,500, shattering essential resistance levels on the...

Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market.USDT Goes To ExchangesAccording to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in the past few weeks. The deposits, measured by a 7-day simple moving average (SMA), recently reached a fresh ATH.Number...

Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight.Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern it did back in 2017, months before altcoins shot off through the roof.Altcoin Season 2020 Incoming?Bitcoin is up 6% in the past 24 hours as it trades at around $10,100...

The new month of June brings new vibes to the primary cryptocurrency. After five failed attempts to break the $10,000 resistance level and its descending trend-line during the month of May, it finally happened on the first day of June.Bitcoin price just broke the huge resistance and spiked to reach a high of $10,500 on most exchanges. As of writing these lines, Bitcoin retraced a bit and now trading safely above the $10K benchmark level.The $10,000 was reached on May 7, 2020, just a few days...

The death of George Floyd at the hands of Minneapolis police ignited a series of widespread riots throughout the United States. With more than 25 cities in lockdown, protesters and the police continue their violent clash.People are protesting against supposed police brutality in a manner that’s everything but civil. Stores are being looted, and buildings burned as the protest against the system escalates. Amid all this, Changpeng Zhao, the CEO of Binance, pointed out one simple yet undeniable...

Renowned pop-star music video director Joseph Kahn recently revealed that trading cryptocurrencies has been his hobby for the last month.World-Famous Video Director Says He Is Trading CryptoIn a recent post on his personal Twitter profile, Kahn shared that he has been into his new hobby for a month now, and is even already making small profits of about $2 to $3 at a time, gaining a grand total of $450. Despite earning relatively small earnings, the video director says he is genuinely open to...

Cryptocurrency analyst and creator of Bitcoin’s stock-to-flow model, PlanB, recently noted that an indicator that historically precedes bullish momentum according to his model has now flashed. Per his initial prediction, the asset is targeting a total market cap of $1 trillion in the next few years.Bitcoin’s S2F ModelThe stock-to-flow model became an instant favorite among Bitcoin investors, mainly because of the optimistic forecast it makes. Namely, PlanB’s model suggests that the asset will...

Bitmain officially launched sales for its Antminer T19, a new Bitcoin mining ASIC designed to produce a hash rate of 84 TH/s ± 3% and power efficiency of 37.5 J/TH ± 5%. The Antminer T19 has technology that bears similarity to the custom-built chips found in the higher end Antminer S19 and S19 Pro, albeit at a lower price point.Bitmain’s Previous Product LinesCompared with the previous Antminer T17, which consumers were able to receive partial price adjustment refunds on for those shipped...

Popular Bitcoin proponent and educator Andreas Antonopoulos believes that the current drops in oil prices will benefit some BTC miners. In a video on his YouTube channel, he outlined that miners in the recently opened Bitmain facility in Texas could be the biggest beneficiaries.Oil Prices To Affect BTC MiningThe sudden outbreak of the COVID-19 pandemic started a domino effect on world economies. Nationwide lockdowns – meaning less traveling and movement – prompted less oil consumption. At the...