Tag: Bitcoins

Research Shows 19% of Bitcoin’s Hashrate Is Managed by Publicly Listed Companies – Mining Bitcoin News

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According to findings stemming from a report published by Arcane Research, Bitcoin’s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners’ share of Bitcoin’s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, Public Miners Expand Capacity Much Faster Than the Overall Market Bitcoin mining has grown a great deal during the last few years as the crypto asset’s hashrate reached all-time highs this year. Presently, the network’s…

Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active – Featured Bitcoin News

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Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today, there are approximately 19,676 left to peel. 19,676 Casascius Physical Bitcoins Left to Peel During the last six months, approximately 244 Casascius physical bitcoins were redeemed for their digital value. The Casascius physical bitcoin collection created by Mike Caldwell is one of the most popular physical BTC collections. The rare coins are often sold for more than…

Kiyosaki on USD ‘Implosion,’ Musk Considers Social Media, $540M in ‘Sleeping Bitcoins’ Move — Bitcoin.com News Week in Review – The Weekly Bitcoin News

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It’s been another bustling week full of colorful stories in the crypto world, with Rich Dad Poor Dad author Robert Kiyosaki talking about the U.S. dollar imploding, and advocating people buy bitcoin, ethereum, and solana — not to mention talk of Spacex founder and CEO Elon Musk potentially starting his own free speech-focused social media network. On top of all this, the Ukrainian government has launched a “Museum of War” NFT collection, and massive amounts of sleeping bitcoin are on the move. So, without further ado, here’s your bite-sized digest…

With Over 90% of BTC’s Supply Issued, Bitcoin’s Mining Difficulty Reaches a Lifetime High – Mining Bitcoin News

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Bitcoin’s mining difficulty increased this week on March 31, 2022, at block height 729,792 for the first time since February 17. The network’s difficulty jumped 4.31% higher bringing the metric to a lifetime high at 28.59 trillion. Since the increase, the network’s hashrate has been a bit more volatile dropping from 217 exahash per second (EH/s) on April 1, to today’s 175 EH/s. Since Thursday, It Has Never Been More Difficult to Find a Bitcoin Block, Difficulty Adjusts 4.31% Higher Bitcoin has hit yet another milestone this week, as the…

Bitcoin’s Guppy Indicator Flashes Green for Bulls

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The 200-day moving average defines the immediate resistance seen at $48,300. Early this week, the bulls failed to force a breakout above that widely-tracked technical line. Since then, the price has pulled back to $45,000, perhaps tracking weakness in equity markets. The S&P 500, Wall Street’s benchmark index, fell 1.5% on Thursday. Original

China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment – Regulation Bitcoin News

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Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand Four Chinese citizens accused of kidnapping and demanding bitcoin as ransom payment have been jailed, China’s Embassy in the Philippines has said. Two of the accused — namely, Liu and Zhang — were handed prison…

Analysts debate Bitcoin’s next step after today’s $45.5K retest

The euphoric calls for a return of the bull market may have been a bit early especially after Bitcoin (BTC) bulls failed to push the price over the $46,000 level on March 31. Even with the current pullback, analysts continue to expect a lower support retest at the $45,000 level. Data from Cryptox Markets Pro and TradingView shows that today’s attempt to push the price of BTC above $47,500 was soundly rejected by bears which sent the top cryptocurrency plunging to $45,500. BTC/USDT 1-day chart. Source: TradingView Here’s a look…

As Bitcoin’s Hashrate Remains Elevated, BTC’s Mining Difficulty Expected to Reach a Lifetime High – Mining Bitcoin News

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During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours. Bitcoin’s Difficulty Expected to Reach All-Time High Bitcoin miners caught two breaks during the last month when the difficulty dropped two times in a row. The first 1.49% drop occurred at block height 725,760 on…