Bitcoin

Bitcoin

According to Michael Saylor, there’s no reason to hold Bitcoin for 100 years

MicroStrategy’s CEO, Michael Saylor, has steadfastly defended the company’s bullish, long-term Bitcoin (BTC) position. Citing the cryptocurrency’s unique potential to evolve into “the future of the property.” MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain. Is the “highest upside, lowest risk strategy”. The company can pursue, Saylor argued […]

IMF

Making Bitcoin a national currency, according to the IMF, is a “inadvisable shortcut”

The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]

bitcoin mining

Difficulty of mining bitcoin has decreased for the fourth time in a row

Despite China’s ongoing crackdown on cryptocurrency mining, mining new Bitcoin (BTC) is becoming easier, with BTC’s mining difficulty dropping yet again. According to data from Bitcoin explorer BTC.com, the Bitcoin network experienced its fourth consecutive negative adjustment of mining difficulty on July 18, dropping 4.8 percent. The most recent mining difficulty adjustment took place at […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Active Bitcoin miners are now 'unlikely' sellers as a result of a profit boost, according to data.

Active Bitcoin miners are now ‘unlikely’ sellers as a result of a profit boost, according to data.

According to new data, Bitcoin (BTC) miners are “unlikely” to put pressure. On the BTC price by selling coins in the coming weeks. Glassnode, an analytics resource, sought to allay fears of another large miner sell-off in its latest weekly report, The Week On-chain. Difficulty drop a gift to remaining miners Miners selling BTC to […]

Elon Musk, Tesla

Elon Musk explains when Tesla will start accepting Bitcoin payments

Elon Musk, the CEO of Tesla, has stated that his electric vehicle company will begin accepting Bitcoin (BTC) payments once it is confirmed that miners are using clean energy, providing a ray of hope that the fear surrounding digital assets will soon fade. Musk responded to a Cointelegraph tweet about recent allegations from Sygnia CEO […]

weibo

Chinese social media platform Weibo reportedly has banned crypto-related accounts

China’s anti-cryptocurrency crackdown has reportedly spread to social media. Several popular Bitcoin (BTC) and crypto-related content creators on Weibo. China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly been suspended. At least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday night. According to local reports. […]

Bitcoin Mining, mining

Square will invest $5 million into the Blockstream Bitcoin mining facility

Square Inc., a crypto-friendly mobile payments company. Has announced that it will invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining. Demonstrating Jack Dorsey’s continued support for blockchain infrastructure. Blockstream’s chief information officer, Chris Cook, announced the collaboration on Saturday. Outlining plans to build the open-source mining facility at one of […]

elon musk

Elon Musk expresses tepid support for crypto after the market’s collapse

Elon Musk expressed tepid support for cryptocurrencies in a Tweet, following a crippling market downturn that may be picking up steam this weekend. Tesla CEO Elon Musk responded to a Twitter user who asked what he thinks about “the peeps who are angry at you because of crypto.” Musk’s about-face last week regarding accepting Bitcoin […]