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Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving. According to data published by independent crypto researcher Kevin Rooke, Grayscale has added 18,910 BTC to its Bitcoin Investment Trust since the halving,
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Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”.Cryptox spoke with two experts who said the most obvious use case for a blockchain optimized graphics card is mining cryptocurrency.Sberbank is Russia’s oldest and largest bank and holds
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With bitcoin’s price losing altitude again, small investors appear to be seeking exposure to the top cryptocurrency by market value. Prices fell by 9.8% last week to register bitcoin’s biggest weekly decline since the second week of March, according to CryptoX’s Bitcoin Price Index. A two-week low of $8,630 was registered early
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Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported.According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines
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The U.S. stock market is falling in pre-market as a top Chinese vaccine stock falls. Scientists worry that investors are prematurely optimistic about phase one trial results of vaccines. Investors are rushing to trade stocks, as retail continues to fuel the market. The U.S. stock market has rallied in
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Bitcoin (BTC) has only just completed its “hardening” — but fiat currency is already getting even “easier” as money after a historic move by the United States central bank.As the Federal Reserve confirmed in a press release on May 11, the bank is about to finally launch its corporate debt
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According to data released by Glassnode, a leading blockchain and cryptocurrency analytics platform, the number of Bitcoin wallet addresses having a minimum of 0.1 BTC has continued to surge, hitting 3,010,784 on Monday, as more and more crypto investors continue to stack up their Bitcoin holdings. Bitcoin Attracting New Hodlers? Per sources
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A chart published by Brian Armstrong, CEO of United States crypto exchange, Coinbase, suggests that a small portion of the American population may be using their coronavirus stimulus checks to purchase cryptocurrency.A tweet, published by Armstrong on April 17, shows that the percentage of deposits and buys worth $1,200 —
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The number of wallet addresses with small Bitcoin (BTC) holdings has increased significantly since the crash of March 12, 2020 — ‘Black Thursday,’ when the price of BTC fell to $3,800. Retail Traders Bought the Dip During the Last Bitcoin Crash According to Coin Metric’s “State of the Network” report published on
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Leading United States-based cryptocurrency exchange Coinbase has published a report providing detailed insights into how its users responded to the violent crypto market crash suffered on March 12.While many in mainstream markets were panicking as President Trump’s travel ban sent shockwaves across the global economy, crypto traders on Coinbase
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