The hash rate of the Bitcoin (BTC) network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark. The network’s hash rate hit a new record high of 258 EH/s on Thursday before settling around the 220 EH/s mark. The recent rise in the BTC network hash rate signifies the growing number of miners on the blockchain. The Bitcoin network hash rate has grown more than 400% since the Chinese crypto mining ban last year when it fell below 70 EH/s. The…
Month: April 2022
Ralf Glabischnig on Crypto Valley and the Crypto Oasis – Cointelegraph Magazine
Having supported Zug’s Crypto Valley in the early days and founded Crypto Oasis in Dubai to serve as blockchain innovations hubs with regulatory certainty, Ralf Glabischnig is practically a node of the blockchain industry. When Bitcoin companies began pouring into his small town in Switzerland in 2013, Ralf Glabischnig was an IT consultant turned entrepreneur running a coworking space. It helped turn the town into ground zero for some of the earliest crypto companies, the Ethereum Foundation among them. Today, Glabischnig wears many hats, working across timezones to help build…
BTC Rebounds, Moves Away From 1-Month Low – Market Updates Bitcoin News
Market uncertainty in crypto was once again higher on Thursday, as traders continue to anticipate next week’s Fed decision. Following a drop to a one-month low during Wednesday’s session, BTC rebounded, with prices now hovering below $40,000. ETH also rallied, attempting to break out of the $2,950 resistance level. Bitcoin BTC was back in the green on Thursday, as bulls bounced back following yesterday’s drop, which sent prices to a one-month low. Wednesday saw BTC/USD trade at a bottom of $38,555.90, however the momentum swung today, with prices hitting an…
FED Fears CRASH Bitcoin!!! Critical BTC Crypto News
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Dubai Real Estate Developer to Accept Crypto Payments Amid UAE Push for Crypto Hub Status
Several of the world’s biggest crypto exchanges have flocked to the emirates in the last few months. Source
Cashing out Bitcoin to save a dog’s life from cancer is ‘the moon for us’
How much is a doggo’s life worth? For one Redditor, “dojeckahedron” saving their pooch from the clutches of cancer is worth their entire Bitcoin (BTC) stack. In a tearjerker of a Reddit post, the dog owner from the States shared a photo of their pooch, Derby. The message said they cashed in all of their Bitcoin to pay for their “bestie’s radiation treatments.” Derby the dog, source: Bitcoin Reddit Dojeckahedron told Cointelegraph that they are “grateful” that they had Bitcoin to pay for Derby’s radiation treatment. For Dojeckahedron and their…
US, EU Members Among 60 Nations Calling for Open, Global Internet
The “Declaration for the Future of the Internet” calls for the network to return to its decentralized roots, and warns against disinformation, ransomware and privacy violations. Source
OurSong Raises $7.5M in Seed Funding to Help Artists Build a Community Through NFTs
The blockchain-based platform is a subsidiary of Our Happy Company, which was co-founded by performer Johnny Legend and KKBOX CEO Chris Lin. Source
Apollo Hires JPMorgan’s Christine Moy to Lead Digital Assets Strategy
One of the world’s largest private equity investment firms with $498 billion in assets under management, Apollo Global Management, has made a major push into crypto by hiring former JPMorgan executive Christine Moy to be its first head of digital assets strategy, the company said Thursday. Bloomberg first reported the news. Source
Crypto Funds’ Easy On-Ramp Can Be a Big Problem Without the Right Guidance
One last benefit to crypto funds is that they are professionally managed, and can offer some diversification within the crypto space. If your clients want to own more than just bitcoin, you likely don’t have the time or expertise to manage a crypto portfolio. By choosing a fund, you are outsourcing the tasks of research, strategy, and diversification to the more experienced fund management teams. Source