Cryptocurrency Analysis and News Portal
At its core, the Bitcoin blockchain is a sprawling global machine – a human-created network of human-operated computers.And for bitcoin traders, it's bullish that key events on the blockchain network over the past couple weeks have gone smoothly, showing that the machine is working well. Or, at least, exactly as it was designed. You're
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As BTC halving is expected to happen next week, Bitcoin network’s mining difficulty has reached close to its all-time high of 16.55 trillion. Bitcoin’s mining difficulty adjusts itself every two weeks or every 2016 blocks depending on the competition in each adjustment cycle.We are just seven days from one of
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Bitcoin mining difficulty – a measure of how hard it is to compete for block rewards – has neared an all-time high in the network’s last adjustment before the halving happens in roughly seven days.The world’s largest blockchain network by market capitalization just adjusted its mining difficulty to 16.10 trillion
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Bitcoin (BTC) did not need a multi-trillion dollar rescue package to continue functioning after crashing 60% in hours.That was the conclusion from analyzing the latest blockchain data, which showed that Bitcoin’s hash rate rebounded in recent weeks.BTC 16% difficulty drop steadies networkFigures from monitoring resource Blockchain confirm that since
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Bitcoin (BTC) currently sits at $6,370, a slight recovery from the March 27 pullback which saw the price drop nearly 9% in 4 hours. Despite showing some bullish signs, Bitcoin is still down nearly 30% since last Friday.As previously reported by CryptoX, the crash may have been caused by
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'Buy Bitcoin' Searches Skyrocket, Volumes Spike, Account Signups Swell As Coronavirus Fears HeightenExchange data and statistics from Google Trends, Twitter, and Baidu show that despite the recent price drop people are looking to buy bitcoin. During the week of the crypto market massacre that started on March 12, Coinbase broke
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Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals.Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty fall by almost 13%.Hash rate returns to Christmas levelsDifficulty essentially indicates how
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On March 2, the developers behind the Bitcoin Cash Node project announced the team’s plans for the May upgrade and beyond. The
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After posting solid gains in January, a key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.The slowdown in the growth of so-called mining difficulty signals that miners have had to pause upgrading equipment after the epidemic
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In light of the earlier-than-expected uptick, Conner drafted EIP 2384, the Istanbul/Berlin Difficulty Bomb Delay, included in EIP 2387. In a little over six weeks, block times have increased from 13.1 to 14.3 seconds, Conner said. And, as the difficulty bomb is an exponential feature of ethereum, a one-second change
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