Bitcoin
In-depth research, opinions, and analysis of Bitcoin trends.
Core Scientific Bitcoin Mining Decreases While Hashrate Increases
<p>Core Scientific, a Bitcoin miner and hosting service, mined 1,213 BTC in September, a 9% decrease from the previous month. According to an operational update, the business increased its self-mining hash rate by 2.4%. Furthermore, the corporation reduced electricity in numerous locations, including Texas, for a total of 8,774 megawatt hours. Mike Levitt, Core Scientific</p>
Michael Saylor Denies Using The Bitcoin Lightning Network
<p>Michael Saylor, the executive chairman of Microstrategy, dislikes being criticized. He responded to a poll conducted by crypto researcher Eric Wall by conducting his own Twitter poll, which revealed that he had not used the layer-2 Lightning Network of Bitcoin (BTC) more than three times. Michael Saylor enthusiastically answered “yes” to the vote and launched</p>
McDonald’s In Lugano Now Accepts Bitcoin As A Payment Method
<p>McDonald’s began accepting Bitcoin (BTC) as a payment method in the 63,000-person city of Lugano in Switzerland’s Italian-speaking area, which is becoming a hotspot for crypto acceptance in Western Europe. According to a release, the Plan ₿ Foundation, an organization devoted to encouraging Bitcoin and stablecoin adoption, has just onboarded the City of Lugano, Switzerland,</p>
Over 34,000 Bitcoin Left Exchanges In Single Day
<p>On-chain analytics firm Santiment reports that 34,723 Bitcoin moved off exchanges Sept. 30, marking the highest in more than three months and the fourth largest Bitcoin move in 2022. This continues to be a potentially optimistic signal for the top cryptocurrency asset, as Santiment suggests it may signal increased trader confidence going into Q4. It</p>
Paraguay Senators Support Bitcoin Mining
<p>This week, Paraguayan lawmakers rejected the president’s veto of a major Bitcoin mining regulation bill. On Wednesday, 33 senators voted to overturn President Mario Abdo Benitez‘s decision to veto the law, which seeks to regulate Bitcoin mining in the South American country. The plan to provide a clear tax and regulatory framework that would allow</p>
Ancient Bitcoin Leaves Wallet After 10 Years Of Hibernation
<p>Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade of dormancy. The latest on-chain data reveals that BTC’s two-year low has reawakened the oldest part of the supply. As BTC/USD returns to levels not seen since Q4 2020, questions are being raised about how long-term holders will act.</p>
The Number Of Wallet Addresses Holding 1,000 Bitcoins Is Approaching The Lowest Level
<p>The number of active Bitcoin (BTC) wallet addresses will give us an overview of the behavior of short and long-term investors. Recently, these figures give us a not-so-optimistic view of this coin. The amount of BTC wallet addresses with a balance from 0.1 BTC just set up a new ATH today. At first glance, more</p>
South Australia Builds First Solar-Powered Mining Company
<p>A solar-powered Bitcoin (BTC) mining factory has begun operations in South Australia, becoming the region’s first of its sort. According to ABC News Australia, the facility owned by Lumos Digital Mining supplies roughly five megawatts of power for the activity in an effort to reduce Bitcoin’s carbon imprint. Angelo Kondylas, a Lumos Digital Mining representative,</p>
Michael Saylor Arguing About Bitcoin’s Energy Use
<p>Michael Saylor, a Bitcoin (BTC) maximalist, has come out swinging against what he calls “misinformation and propaganda” concerning the environmental implications of proof-of-work (PoW) BTC mining ahead of Ethereum’s move to PoS. On Wednesday, the MicroStrategy executive chairman, who just stepped down as CEO, wrote a lengthy message on his Twitter account, describing seven of</p>
Bitcoin Sudden Drop As August CPI Data Releases
<p>The latest Consumer Price Index print was 20 basis points lower than last month’s 8.5% report, but it was above predictions of an 8.1% drop. However, Bitcoin went against the bullish outlook at the time the CPI data was released. The Bureau of Labor Statistics released its latest Consumer Price Index report on Tuesday, showing</p>
U.S. Congressman Says Bitcoin Is Only For Tax Evasion
<p>Brad Sherman, a congressman from California, has criticized Bitcoin (BTC) once more, saying that the leading cryptocurrency has “no societal value,” noting its lack of intrinsic value and capacity to facilitate crime. On September 10, Sherman denied that Bitcoin could replace the dollar as the world’s reserve currency. He claimed that the only reason it</p>
Open Interest Volume Soars When Bitcoin Crosses $21,000, Be Careful Not To Get “Killed”
<p>The volume of Open Interest spiked when Bitcoin (BTC) surpassed $21,000 yesterday. Here are a few more detailed observations of the market situation. The heated derivatives market got hotter and hotter before Bitcoin’s rebounding volatility yesterday. The chart above shows that during the past 3 months, each time the volume of Long/Short positions spiked, there</p>
The Keyword ‘Buy Bitcoin’ On Google Search Hits The Lowest In 2 Years
<p>Since the beginning of the year, Bitcoin (BTC) has been trending lower, registering a sizable sell-off while fighting to maintain its value of over $20,000. Investor interest in the asset has decreased since the market slump. According to data provided by Google, the popularity score for the keyword “Buy Bitcoin” fell to a fresh two-year</p>