Bitcoin stays in its by now boring range between $30k and $35k, where some analysts now foresee it trading until the end of the summer. If it does, it is yet another sign that institutional investors have taken over a large share of the power of the world’s biggest cryptocurrency and that they’ve decided the […]
The NASDAQ and Dow stock markets took hits (after European markets suffered one of the worst days of 2021) as the Chinese communist party apparatchiks are now going after tech companies as well. Meanwhile the spread of the Delta-variant has investors worried and in the cryptosphere there is a renewed threat of regulation.Both labor shortages […]
Wall Street analysts reacted with surprise and disdain at the beginning of the year when Tesla CEO Elon Musk announced that his car company (the man has a few firms in his portfolio) was investing into Bitcoin directly. By end of March and certainly in April when Bitcoin hit $60k, Musk was hailed as a […]
The tectonic shift in mining hash power of Bitcoin has gone up to party level for the remaining miners (aka those in Canada, the US and Russia mainly). With some 50% of global miners now offline (China), those who remain are now seeing profitability rise to levels last seen back in April.Half of the networkAnalytics […]
Bitcoin, which had earlier this week cracked the $35k limit again, was on the defensive after China doubled down on it’s anti-crypto stance, warning institutions in the Middle Kingdom against even doing so much as providing services to any crypto-related companies. Meanwhile Bitcoin mining equipment can be seen, stacked and unused, in many Chinese warehouses, as […]
Last summer, DeFi (Decentralized Finance) burst out into the cryptosphere and surprised many when tokens like Chainlink and Sushi went on uncontrollable bullruns. By the end of August, the Chef Nomi scandal (also known as the SushiSwap Saga) took a lot of DeFi’s shine and it would last until well into the 2020-2021 Bitcoin bull run before […]
Although it’s been proven time and time again that criminal dealings make up only a very small percentage of Bitcoin trades (this isn’t like with Silk Road anymore you know). The simple fact that Russian hacking group REvil (what a name, you gotta give ‘em that) has taken over some 1 million computers at some […]
The Canadian crypto mining giant, Hut 8, is increasing its production capacities and now wants to HODL 5,000 self-mined Bitcoins by the end of 2021. Given the forced exodus of many miners until recently established in China, Canadian and US miners are seeing cheap material become available as well as the personnel looking to work […]
As the hash rate drops and the difficulty of mining Bitcoin goes down, miners in the US, Canada and many other countries are able to get better profits. This in turn has seen the Bitcoin price close above $35k again and many other altcoins rose in succession as well. In the past week alone, both […]
As we’ve stated earlier this week, the crackdown of China on Bitcoin miners also means that fees would drop as well. If all bodes well, this could then mean higher prices. Some in the market seem to guess we were right, as yesterday saw Bitcoin (and most other crypto coins) climb to higher levels. When […]
