Month: January 2021

Inside Iran’s Onslaught on Bitcoin Mining

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Iran is trying to make crypto mining a source of income for the state, while cracking down on miners. Iran, hit hard by international sanctions, lost revenue supplied by oil exports. Crypto might be a way to get some extra cash, so Iran has been toughening its grip on miners at home in an effort to better control this revenue stream. Since last year, Iran has also opened new opportunities for foreign mining firms. Iran is a notable player on the bitcoin mining market, and during 2020 it contributed almost…

Binance survey finds that ‘hodlers’ still dominate crypto

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The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC) as a long-term investment. The “2021 Global Crypto User Index” report is based on a global survey that includes input from more than 61,000 crypto users across 178 countries and regions. The survey was conducted over a period from Sept. 15 to Oct. 25, 2020.…

Bitcoin News Roundup for Jan. 28, 2021

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With digital-market traders taking GameStop’s stock gyrations as a moment for self-reflection, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today’s stories: What does GameStop mean for cryptocurrencies? Digital-market traders found amusement in the GameStop saga. They also saw an opportunity for self-reflection. Here’s what Niall Ferguson, Caitlin Long, Mati Greenspan and Jonathan Mohan said. “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as…

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’ – Bitcoin News

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The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency. Skybridge Capital Cofounder Says Gamestop Stock Activity Bolsters the Concept of Bitcoin The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme lords, Redditors, Discord users, Twitter heads, 4chan trolls, and a number of other…

Ethereum Surges Against Bitcoin as Bulls Try to Spark Price Discovery

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Ethereum has seen some immense turbulence throughout the past few days and weeks, with buyers and sellers both vying to gain control of its price action The cryptocurrency has been unable to gain any clear trend, with buyers keeping it stable between $1,200 and $1,400, while sellers continue guarding its all-time highs It has now tested, and broken above, its all-time highs from late-2017 on three occasions, but each one has been met with massive selling pressure This could indicate that bulls are bound to see further near-term downside unless…

Bitcoin For Corporations Will Bring In Billions in Investments (Michael Saylor 2021)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor 2021 – Bitcoin For Corporations Will Bring In Billions in Investments MicroStrategy is the first publicly-traded company to invest significant treasury assets in Bitcoin. MicroStrategy Chairman and CEO Michael Saylor, is organizing a bitcoin conference, in order to accelerate corporate adoption & facilitate the development of best practices, MicroStrategy will make publicly available certain documents & information that it used in implementing Bitcoin as a primary treasury reserve asset so that other firms interested in adopting a Bitcoin strategy can…

Detailed Look into WaCo Technology

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Since its launch in January 2009, the blockchain has moved past its initial use to secure the Bitcoin cryptocurrency. It is now recognized as the most secure and reliable means of storing and validating data. The main benefit of using the blockchain is that data is not hosted in any central location. It moves away from the centralized model that has dominated the internet to a decentralized model of storing data. The WaCo project uses a blockchain to store and validate data ValueGo® a patented solution, which helps to eliminate…

Frances Coppola: Rethinking Bitcoin’s Scarcity

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Among Bitcoin’s principal tenets is the idea that its baked-in scarcity makes it valuable. Bitcoin’s algorithmically determined rate of increase certainly makes it scarce when demand for the bitcoin cryptocurrency is rising, though not so much when it is falling. Furthermore, the fact that the algorithm provides for bitcoin’s supply to stop increasing about 120 years from now means that its supply is finite. Unless the code is changed (and that raises questions about what “Bitcoin” even means), there can never be more than 21 million bitcoins.   As I will…

👍Fast Bitcoin mining software for home mining

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