Day: May 23, 2022

Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4% – Mining Bitcoin News

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While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining difficulty is estimated to drop 3.67% giving miners some relief after the recent difficulty ATH. Bitcoin’s Next Difficulty Change Could Give Miners a Break At the time of writing, the Bitcoin (BTC) network hashrate is around 210 to 225 EH/s after the network reached…

Bitcoin price coma greets Wall Street open amid signs market ‘calling for rally’

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Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin to range before “real breakout?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering in a tight trading range in place since before the weekend. The pair had closed out the week on its eighth weekly red candle in a row, this becoming a bearish record amid an absence of overall price trajectory. Amid consensus that the macro bottom was not…

Litecoin confidential transactions spook Korean exchanges

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The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday, advising investors about the risks associated with the privacy-enhancing upgrade. Litecoin’s use of privacy-focused technology Mimblewimble allows users to make “confidential transactions,” which allow them to send tokens while concealing transaction data, according to Bithumb. In addition to that, Upbit issued a similar statement. The…

The Moon ‘created’ his lavish reality… and says you can, too – Cointelegraph Magazine

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In the space of a few short years, former high-school dropout cashier from Sweden Carl “The Moon” Runefelt has been transformed into a top crypto influencer who shares videos of his life of private jets, supercars and million-dollar watches that inspire his followers and annoy his critics.  Drawing from quantum physics, he has an explanation for his unlikely success — the universe isn’t real but is merely a construction of our minds in which we are able to rearrange reality to match our wildest dreams. Despite critics and controversy, Runefelt…

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Ripple (XRP) Plunges To $0.43 With Bears In Full Swing

Ripple (XRP) has plummeted to $0.43, with bears now skyjacking the market following a tremendous drop in the past week. While the price seems to have improved in the past couple of days, the bulls have somewhat shoved bears to their current market movement. The past week did not look suitable for Ripple traders and investors as XRP collapsed to a drop of 42% and closed at $0.4255. The entire week was seen to drift following a bearish movement which dropped to $0.4018 before it regained momentum to $0.4123 for…

BTC Climbs Above $30,000 as Balenciaga Greenlights Crypto Payments – Market Updates Bitcoin News

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Bitcoin rallied to above $30,000 to start the week, as bulls returned to crypto markets on Monday. The news comes as it was announced that fashion brand Balenciaga is set to accept crypto payments. ETH also moved higher on the news. Bitcoin BTC climbed to its highest point in four days earlier in today’s session, as markets reacted to the news that Balenciaga had decided to begin accepting crypto payments. Following a bottom of $29,710.18 on Sunday, BTC/USD surged to a peak of $30,590.59 during Monday’s session. Today’s climb comes…