Month: August 2022

Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market

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Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The “1” Mark As Investors Sell The Rally As per the latest weekly report from Glassnode, the “get my money back” effect strikes the crypto once again as weakness continues in the market. The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether the overall Bitcoin market is currently selling at a profit or at a loss. When the value…

El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report

President Navib Bukele announced plans to raise $1 billion via bonds backed by bitcoin (BTC) in November, shortly after El Salvador became the first country in the world to adopt bitcoin as legal tender. The offering was initially supposed to launch in early 2022, but it has faced delays, at least in part, thanks to plunging bitcoin prices. Source BitcoinBondContinueDelaysInterestInvestorReportSalvadorsWanes CryptoX Portal

Traders Unconvinced Of Crypto Bounces, Will Shorts See Pain?

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After briefly re-testing higher levels, Bitcoin and the crypto market retraced and gave back the gains obtained over yesterday’s trading session. The general sentiment in the market has been negative, with a large majority of participants expecting further losses. At the time of writing, the price of Bitcoin trades at $19,600 with 3% and 8% in losses over the past 24 hours and 7 days, respectively. The first crypto by market cap is one of the worst performers in the market, only surpassed by Dogecoin and Ethereum with a 4%…

Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC – Mining Bitcoin News

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Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman Says Firm Was Prepared ‘for a Rough Market’ On Tuesday, the bitcoin mining operation Cleanspark (Nasdaq: CLSK) announced that the company’s hashrate has officially surpassed 3 EH/s. Cleanspark notes that the…

Bitcoin could become a zero-emission network: Report

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A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin (BTC) could become a zero-emission network. The report builds upon data from the Bitcoin Mining Council to understand the impact of carbon-negative energy sources on Bitcoin’s overall carbon footprint. Following investigation and extrapolation of the results, it claims to then “predict when the entire Bitcoin network becomes a zero-emission network.” But how does the Bitcoin network become carbon-negative in the first place? Put simply, by Combusting stranded methane gas to mine Bitcoin that would have otherwise been emitted into…

Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?

Just as a bank protects its customers’ financial activities, privacy tools like mixers are designed to protect Bitcoin users’ activities from prying eyes. Sure, some people take advantage of mixers for illicit purposes, but others just want to keep their financial activities, like charitable and political donations, for example, private. (Remember the Canadian truckers?) Source

Luxury Life For Crypto – Puerto Rico Opens the Door to Bitcoin Real Estate Buying

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An avid Bitcoin enthusiast and property entrepreneur is selling his beautiful luxury 2-story property in the “Hidden Valley” of Guaynabo, Puerto Rico. The property is situated amidst a picturesque landscape with the convenience of the center of San Juan metro within several minutes drive. This eye-catching property is located in an idyllic valley, home to the estates and villas of local and international celebrities. An added benefit of the magnificent architecture is the lavish lifestyle and tax benefits that come with the country’s legislation. Stunning Design The sprawling 2-story, 5-bedroom,…