Month: April 2023

Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

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It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to Bitcoin mining data resource Hashrate Index and Luxor. Bitcoin hashprice has dropped 58% in a year Unsurprisingly, soaring electricity rates across the U.S. states have contributed to rising Bitcoin mining costs. Notably, between January 2022 and January 2023, the commercial electricity tariff surged at an average of 10.71% per U.S. state, higher than the average consumer price index surge of 6.4%. Average industrial rate rise between January 2022…

Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade – Defi Bitcoin News

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Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was locked into liquid staking protocols. Since then, over 400,000 ether, valued at $763 million, has been added to 17 liquid staking platforms. Ethereum Liquid Staking Platforms Continue to Swell As of today, April 30, 2023, the total value locked into liquid staking protocols such as Lido Finance, Coinbase’s Wrapped Staked…

Assets managed by Liqwid Finance, a Cardano-based protocol, up 80% in April

The total value locked (TVL) in Liqwid Finance is up 80% in April, an update on April 30 shows.  Liqwid Finance is a non-custodial money market allowing users to borrow and lend digital assets without an intermediary. Liqwid Finance’s TVL rises 80% in April According to DeFiLlama, an analytics platform, Liqwid Finance manages $15.5 million in assets, an 80% increment from March 2023 and a tidy 12% expansion in the past week.  Liqwid remains the strongest monthly growth of all Cardano DeFi protocols with ~80% TVL increase🚀 With $16m+ in TVL Liqwid…

‘Make It About the Open-Source Project,’ Economist Predicts ‘Catastrophic’ Fall in US Living Standard, FRC Shares Plummet, and More — Week in Review – The Weekly Bitcoin News

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Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known emails, predictions of massive declines in Americans’ standard of living, and important developments at the struggling First Republic Bank. All this and more just below, in the latest Bitcoin.com News Week in Review. The Elusive Satoshi Nakamoto: Last Emails Reveal Bitcoin Creator’s Thoughts Before Disappearing Over a Decade Ago Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned…

Crypto is the only money AI systems can control and spend: ShapeShift founder

Crypto is the only form of money that artificial intelligence (AI) systems can incorporate, Erik Voorhees, in a recent tweet, has claimed. Crypto and AI seamlessly fit Voorhees, a libertarian advocating for less regulation in the crypto industry, opined that AI systems could easily control and utilize digital assets. Voorhees is the founder of ShapeShift, a community-owned crypto trading platform. Interesting that crypto is the only form of money that AI can fully control and utilize. — Erik Voorhees (@ErikVoorhees) April 28, 2023 The digital nature of crypto and AI…

‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K

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Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways trading, with markets witnessing an eerie calm despite the potential for volatility thanks to lower weekend liquidity. As such, traders were hopeful that no unwelcome surprises would greet the candle…

Central Bank to Issue Gold-Backed Digital Currency in Early May – Africa Bitcoin News

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The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as a means of payment and a store of value.” Gold-Backed Tokens Additional Value-Preserving Instruments According to the Zimbabwean central bank, it plans to start issuing the recently mooted gold-backed digital currency on May 8. The…

Retailers accumulating bitcoin at the fastest pace in history

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin “shrimps” are accumulating at the fastest pace in history, data from Glassnode shows. The bitcoin accumulation According to the lead on-chain analyst at Glassnode, an on-chain data provider, “shrimps”, who are entities holding less than one bitcoin (BTC), are adding 28,000 BTC per month, the fastest in the network’s history. #Bitcoin Shrimp cannot be stopped. These crazy HODLers are still acquiring coins at a rate of 28k $BTC per month. The last 12 months has…

YouTube helps recover hacked channel that attempted XRP crypto scams

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Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams. While hacking into YouTube channels to promote scams has been a long-standing method of targeting unwary investors, the number of creators on the platform reporting hacks has increased. Most recently, DidYouKnowGaming — a YouTuber with 2.4 million subscribers — warned his Twitter followers about a hack. so sorry you’re having to deal with this! first, we’ll need to get some quick info from you & then…

Top 5 crypto casinos every gamer should know in 2023

Cryptocurrencies have revolutionized the online gambling industry, giving rise to crypto casinos where players can bet and play using digital currencies like bitcoin (BTC), ethereum (ETH), and litecoin (LTC). These casinos offer unique advantages, including heightened security and anonymity, faster transactions, and lower fees.  In this article, we will explore the top-5 crypto casinos that every gamer should know in 2023. These platforms have earned their reputation through innovative features, diverse game offerings, exceptional user experience, and robust security measures.  Crypto.Games Crypto.games supports bonuses, lottery tickets and more. It was…