Tag: News

Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower – Mining Bitcoin News

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Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash per second (EH/s) to today’s 178.44 EH/s, losing 26.56% during that time frame. After two drops in a row, the difficulty adjustment algorithm (DAA) is expected to drop again roughly 11 days from now or 1,600 blocks away. Following the June 8 All-Time High, Bitcoin’s Hashrate Dropped 26% in 30 Days Lower bitcoin (BTC) prices have impacted bitcoin miners who…

Ethereum Devs Delay Difficulty Bomb — ETH 2.0 Contract Surpasses 13 Million Ether Deposits – Technology Bitcoin News

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On June 30, Ethereum developers delayed the network’s difficulty bomb via the Gray Glacier update, which means The Merge won’t happen at least until September 2022. Meanwhile, there’s now more than 13 million ethereum locked into the Beacon Chain worth $15.8 billion using today’s prices. More Than 13 Million Ether Worth $15.8 Billion Deposited Into the Ethereum 2.0 Contract This week the ETH 2.0 contract has seen a total of more than 13 million ETH deposited and there are now 406,640 validators. In time, the Ethereum (ETH) blockchain is expected…

Trend Forecaster Gerald Celente Says World War 3 Has Begun — ‘If the People Don’t Unite for Peace, We Are Finished’ – Interview Bitcoin News

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This week Bitcoin.com News spoke with Gerald Celente, the popular trends forecaster, and publisher of the Trends Journal. During a telephone conversation, Celente discussed the uncertainty surrounding the global economy after governments worldwide locked down the world’s citizens over the Covid-19 pandemic, shut down businesses and injected trillions into the economy. The discussion touches upon gold, bitcoin, the pandemic, the Ukraine-Russia war, and the Federal Reserve. The trends forecaster believes that World War III has already begun, and if people do not assemble to bolster peace in this world then…

Can Ethereum’s First Mover Advantage Solidify the Smart Contract Space Dominance? – Blockchain News, Opinion, TV and Jobs

Ethereum has now become one of the most widely blockchains of crypto, and its upgrade, also know as ‘the Merge’ will transition the blockchain from a proof-of-work consensus mechanism to the more efficient, more secure and less energy-intensive proof-of-stake method. The method will also be better for implementing new scaling solutions. The upgrade is badly needed now, as it will also be able to support Ethereum’s growing number of users. Is is meant to solve problems such as slower speeds and higher fees. So it makes sense to get this…

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company – Bitcoin News

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On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken out by Celsius — Stablecoin Issuer Stresses It Will ‘Never Put the Integrity of Its Reserves at Risk’ The company Tether has informed the public that the firm “has never and will never put the…

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners – Mining Bitcoin News

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Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. Tavanir Raises Fines for Illegal Cryptocurrency Mining The Iran Power Generation, Transmission and Distribution Company (Tavanir) has adopted new, more severe measures to prevent crypto mining outside the law. The utility’s spokesman Mostafa Rajabi Mashhadi announced that fines for illegal activities in the sector have been increased by 400%. Quoted by the English-language Iranian…

ATOM, DOT Hover Below Key Resistance Levels on Saturday   – Market Updates Bitcoin News

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ATOM and DOT were trading in a sideways trend on Saturday, as crypto markets were mainly in consolidation mode to start the weekend. The majority of the cryptocurrency top 100 was marginally lower, as traders seemingly consolidated their gains from this week’s action. Cosmos (ATOM) After almost ten consecutive sessions of higher highs, ATOM was consolidating to start the weekend, as traders seemingly secured gains. The token rose to an intraday top of $9.34 to start the weekend, as bulls continue to move towards the $10 mark. Saturday’s moves comes…

BTC, ETH Consolidate on Saturday, Following Recent Gains – Market Updates Bitcoin News

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Bitcoin was marginally higher to start the weekend, as bulls were able to fight through Friday’s volatility. Prices of the world’s largest token rose above $22,000 earlier in the session, whilst ETH continues to trade above $1,200. Bitcoin BTC was trading marginally in the green on Saturday, as prices of the token rose above $22,000 earlier in today’s session. Following a low of $21,257.45 on Friday, BTC/USD rose to an intraday peak of $22,010.64 to start the weekend. The move saw bitcoin again attempt to break out of its resistance…

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country – Finance Bitcoin News

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The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will be better than the current one. Russia’s Minfin Open to Legalizing Stablecoins if Business Needs It The Ministry of Finance of the Russian Federation (Minfin) generally supports authorizing the circulation of stablecoins in the country, according to Ivan Chebeskov, director of the ministry’s Financial Policy Department.…

South African Firm Launches ‘Crypto Water Token’ — Receives Investment of $150M – Bitcoin News

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The South African company behind the so-called “crypto water token” is reported to have secured an investment of $150 million from a Bahamas-based digital asset management company, GEM Digital. Initially available on decentralized exchanges only, the H2ON token was recently listed on the crypto exchange platform Bitmart. The Water Network A South Africa-based water infrastructure firm, H2O Securities, is reported to have launched what has been described as the “world-first crypto water token.” According to the firm, the token is expected to provide access to the company’s H2O water network.…