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Bitcoin's mining "difficulty" has undergone its first adjustment since last week's halving, dropping the figure by 6%.Mining difficulty is part of an automatic procedure that takes place on the Bitcoin blockchain every 2,016 data blocks, or roughly every two weeks. The mechanism is supposed to help keep the blockchain network humming along steadily: When computational power
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Ethereum has some immense weakness in recent times, severely underperforming Bitcoin and the aggregated crypto market as it continues struggling to garner any upwards momentum.Traders don’t seem to think that this lackluster price action will last for too much longer, however, as open interest for ETH has been rocketing higher
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Just 24 hours ago, analysts expected for Bitcoin to gun for fresh highs past $10,100. The cryptocurrency was holding $9,800-10,000, seemingly poised to press even higher than it already had.Bears, however, had the upper hand, sending Bitcoin crashing by $2,000 within a day’s time. It was a move that liquidated
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During Virtual Blockchain Week, Cointelegraph spoke with Caitlin Long — the founder and CEO of the upcoming “crypto bank” Avanti Bank & Trust as well as the driving force behind regulatory changes in the state of Wyoming for allowing financial institutions to handle both crypto assets and fiat currencies.A Wall
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Any discussion over the current price action in the crypto market is likely to include some reference to Chainlink (LINK) and Tezos (XTZ). Both have seen some of the most volatile and massive flows of the past twelve months in the cryptomarkets. Since the Black Thursday crash on March 12, Chainlink
Read MoreCanadian technology company VitalHub is deploying its COVID-19 electronic screening tool to the Region of Waterloo-owned Sunnyside Home Long-Term Care, in support of their response to the deepening COVID-19 crisis.The development of this screening tool followed Sunnyside Home’s request for a solution to manage and conduct ongoing resident screening for
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After the weekend slump, many cryptocurrencies made strong gains Monday, as did major stock indexes, while the coronavirus continues to wreak havoc on the global economy. Traders weren’t confident the green flashing across all markets would last, however. Bitcoin (BTC) climbed 8 percent and ether (ETH) gained 6 percent. Other notable performers
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Mt. Gox’s creditors will meet today, March 25, as part of a compensation process that seems to go on and on. This news comes at a unique time: amid a pandemic and with the world on the brink of economic crisis. It calls to mind again the 2014 collapse
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Today’s crypto market carnage, which brought Bitcoin under $8,000 and Ethereum under $200, caught most off guard. Case in point: over $200 million worth of Bitcoin positions (mostly longs) were liquidated on BitMEX during the move, and likely many more millions were lost on leveraged altcoin positions too.There was one
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The Ethereum (ETH) All Core Devs call to decide on the fate of ProgPow was held on March 6. Despite a tentative decision to reformulate the mining algorithm as “Ethash 2.0,” the call raised more questions than it answered.The call lasted approximately three hours, two of which were entirely
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