Month: May 2022

Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher – Mining Bitcoin News

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Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps 275 Exahash Just recently, Bitcoin’s mining difficulty tapped an ATH at 29.79 trillion and it’s currently the most difficult it has ever been to find a BTC block reward. On April 27, after coasting along…

Dubai’s virtual asset regulator plans to open HQ in metaverse

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The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters. In a Tuesday announcement from Emirates news agency WAM, VARA said the metaverse entry was aimed at facilitating “collaborative engagement” between virtual asset service providers, international regulatory authorities, and industry leaders. In addition, the Dubai regulator said establishing its “MetaHQ” office could help reach “younger licensees” entering the virtual world. “By expanding VARA’s resources to a borderless audience through the…

“Múltiplo de Mayer” cerca de punto de infravaloración a la espera de la Fed

El Múltiplo de Mayer de Bitcoin, que mide la relación entre el precio de la criptomoneda y el promedio móvil simple (SMA, por sus siglas en inglés) de 200 días, es de apenas 0,80. En otras palabras, la criptomoneda se cotiza casi con un 20% de descuento en su SMA de 200 días. Tal estructura de precios ha sido relativamente rara en los 11 años de historia de bitcoin, lo que hace que la lectura de 0,80 en el indicador sea un punto de infravaloración. Source

Kazakhstan Orders Crypto Miners to Register With Authorities

All miners will have to submit business registration data, along with information about personnel, the power they consume or plan to consume, IP addresses used, their planned investments, the location of the mine, a copy of the cargo customs declaration or a document confirming that they obtained the equipment legally, technical conditions for connection to the electricity supply and confirmation that persons involved are residents of Kazakhstan, among other documents, according to the order. Source authoritiesCryptoKazakhstanMinersOrdersregister CryptoX Portal

Microstrategy Could Get a Margin Call if Bitcoin Drops to $21k, But the Company is Prepared

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Summary: Michael Saylor’s Microstrategy could face a margin call on its debt if Bitcoin drops below $21k However, the company is prepared to add funding to their existing position Microstrategy recently secured a loan of $205 million in late March, payable monthly beginning this month till March 2025 Microstrategy now holds 129,218 Bitcoins with a cumulative impairment loss of $1.071 billion The business intelligence and analytics company of Microstrategy could be set to receive a margin call on its debt if Bitcoin (BTC) drops below $21k. This is according to…

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How blockchain games create entire economies on top of their gameplay: Report

Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights.  Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to easily trade unlocked a veritable tsunami of economic activity in and outside of the game. The 30-page report from Cointelegraph Research analyzes the top five titles and what changed since…

Why Sell In May Might Not Work This Time For Bitcoin

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Bitcoin pushes up on the last day as the market prepares for the upcoming speech from the U.S. Federal Reserve (FED) Chairman Jerome Powell. Despite the recent gains, the general sentiment in the crypto market remains bearish. Related Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K At the time of writing, Bitcoin trades at $38,800 with a 1.5% profit in the last 24-hours. BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview The first cryptocurrency by market cap could…