Bitcoin Blockchain and Cryptocurrency News Center
On-chain data shows miners have sold more than they mined in the past week, but this might not necessarily impact BTC price for three reasons. The latest on-chain data from July 30 suggests miners are preparing to sell Bitcoin (BTC). According to data analytics resource Glassnode, miners’ outflows to exchanges increased significantly in the last […]
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission). During an official speech on July 15, Villaroel stated that […]
Bitcoin’s recent price action could relate to miner selling, the Cointelegraph writes. Mike Alfred, co-founder and CEO of data analytics outfit Digital Assets Data, recently pointed toward miners as a potential catalyst for recent Bitcoin (BTC) price activity. “It is tough to say definitively, but it appears as though the miners’ actions are having a […]
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do? As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model. Consequently, the network will abandon the proof-of-work consensus algorithm, leaving Ether (ETH) […]
This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12. Cryptocurrency market performance. Source: Coin360 The drop had several consequences […]
While some cryptocurrency miners are purportedly shutting down due to unprofitability, Chinese mining giant Bitmain continues to not only see its new products sold out but is also improving some of its older flagship devices. Bitmain’s Antminer E3, a popular ASIC miner was suspected to become obsolete by April 2020, will continue mining Ether (ETH) at least till October […]
For a tech that was supposed to be democratic and distributed in order to free financial systems from the grip of government-influenced banks and return control of the money supply to the people, cryptocurrencies have turned out to be pretty concentrated. Some 66% of all Bitcoin (BTC) mining now takes place in China, with 54% […]
After facing some dire price action earlier this week, Bitcoin (BTC) has been able to incur some notable upwards momentum that has come about as a result of bull’s ardent defense of the cryptocurrency’s key support within the mid-$8,000 region. The defense of this support, and subsequent rally higher, suggests that bulls have some underlying […]
Two of the largest bitcoin mining equipment manufacturers are in a neck-and-neck race to roll out top-of-the-line machines ahead of bitcoin’s (BTC) halving event in less than three months, the Coindesk reported. On Thursday, Beijing-based mining giant Bitmain launched its latest AntMiner S19 and S19 Pro models, boasting computing power as high as 110 terahashes […]
