A decline in Bitcoin mining activity has historically led to prolonged corrections, impacting market stability and miner profitability.Rising competition and energy costs have narrowed profit margins, forcing miners to accumulate reserves and adapt to economic shifts. Bitcoin is under pressure again after on-chain analyst Ali Martinez revealed that Bitcoin mining activity is decreasing. According to...
Bitcoin (BTC) has been predicted to lead the general crypto market into a long downturn as FTX commences repayment to customers. Another analyst believes that Bitcoin is soon embarking on its prolonged correction triggered by the recent sell-off of all of Binance’s BTC holdings and the rising Consumer Price Index (CPI) inflation. The crypto market is...
Kyle Song, Google’s Web3 specialist for Asia Pacific, revealed that the company is working with contributors to the Bitcoin network to make Bitcoin more accessible to users.Google aims to streamline Bitcoin transactions by enabling users to access their Bitcoin wallets through Google accounts. At the Hong Kong Bitcoin Tech Carnival, the world’s first Bitcoin Innovation...
Lutnick’s appointment as Commerce Secretary raises questions on how his Bitcoin advocacy could influence U.S. crypto regulations.Lutnick’s strong ties to crypto, particularly Tether, could shape future U.S. policies on digital assets and institutional adoption. The U.S. Senate has confirmed Howard Lutnick, a prominent Bitcoin supporter and former CEO of Cantor Fitzgerald, as the new Secretary...
Litecoin (LTC) is leading the crypto market recovery, recording impressive gains and outpacing the top 20 assets.Speculation grows around a potential Litecoin ETF approval, signaling a significant milestone for the cryptocurrency. Litecoin (LTC) has emerged as a standout performer in the crypto market’s latest recovery phase. Trading at $135.63, LTC has posted a remarkable 10%...
Strategy is raising $2 billion through convertible senior notes to buy more Bitcoin.Bitcoin’s price is fluctuating, and Strategy sees this as an opportunity to buy more. Strategy, formerly known as MicroStrategy, has announced that it is issuing $2 billion in convertible senior notes in a private offering. The company aims to allocate funds to expand...
Bitcoin (BTC) has been tipped for a possible rebound as Tether and Circle mints a total of $1.25 billion in just 24 hours. Bitcoin miners are also reported to have sold more than 2000 BTC in the past week, hinting at a possible correction. Over the last 14 days, Bitcoin (BTC) has consolidated below the $100k...
Ripple CTO David Schwartz highlights XRPL’s reliance on custodians for Bitcoin transactions, challenging decentralization principles.Schwartz addresses XRP’s decentralized consensus process, emphasizing the need for community agreement on network changes. Ripple CTO David Schwartz recently addressed the ongoing debates surrounding the decentralization of the XRP Ledger (XRPL), shedding light on the platform’s design and its role...
Introduction to Bitcoin SV (BSV) Tokens Bitcoin SV (BSV) is a blockchain that originated from a hard fork of Bitcoin Cash (BCH) in 2018, aiming to restore the original vision of Bitcoin as a scalable, low-cost peer-to-peer electronic cash system. BSV is designed for high transaction throughput and enterprise-grade applications while maintaining Bitcoin’s security and...
Introduction to Bitcoin Gold (BTG) Tokens Bitcoin Gold (BTG) is a decentralized, open-source cryptocurrency that was created as a hard fork of Bitcoin (BTC) in 2017. It was designed to provide greater decentralization by enabling mining on consumer-grade GPUs instead of specialized ASICs. This allows more individuals to participate in securing the network, making it...