Cryptocurrency Analysis and News Portal
In recent months, the PoW consensus mechanism has received scrutiny by lawmakers globally for its energy consumption. Most recently, the U.S. held a congressional hearing to discuss the energy consumption related to the PoW. Meanwhile, the EU markets regulator called for a ban on the validation system, citing its energy
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Bitcoin extended increase above the $44,000 level against the US Dollar. BTC is correcting losses, but it might find support near the $42,000 support zone. Bitcoin climbed further higher above $44,000 before it faced sellers. The price is trading near $42,750 and the 100 hourly simple moving average. There was a break below
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The inventor of Ethereum Vitalik Buterin has come out of a self-imposed Twitter hibernation period, as he called via his personal account. On his first post of 2022, Buterin reviewed some of the ideas, proposals, and thoughts from this past decade to find if he maintains the same position as
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Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewChina "last hammer" could now provide optimism on BTCHours before the yearly close, BTC/USD dived $2,000 to
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But between Nov. 9 and Dec. 22, cash flows from bitcoin mining using Bitmain’s Antminer S19 have decreased by 36%, Jaran Mellerud, a researcher at Norway-based Arcane, told CryptoX. For the S9 they’ve dropped 50%, he said. Mellerud attributed the slide to “a 28% drop in the bitcoin price over
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Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap this year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts starting on Dec. 20 and running
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Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, head of Meta’s cryptocurrency and fintech unit Novi, officially announced on Wednesday that Meta’s messenger subsidiary, WhatsApp, has started testing transactions through Meta’s
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One of the largest banks in Estonia, LHV, is now offering cryptocurrency trading directly from its app through crypto exchange Bitstamp. The bank says it is the “first bank in the Baltics to start offering crypto trading.” Large Estonian Bank Now Offers Crypto Trading LHV announced this week that it has become
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Bitcoin failed to clear the $60,000 resistance zone against the US Dollar. BTC is moving lower, and it could extend losses towards $55,000 in the near term. Bitcoin struggled to recover above the $60,000 and $60,500 resistance levels. The price is now trading below $58,500 and the 100 hourly simple moving average. There
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Foundry Digital, which is among the world’s top five bitcoin mining pools, launched a new business called “Foundry Staking” to provide services to institutions related to various proof-of-stake (PoS) blockchain networks.“We have made significant investments in engineering talent and PoS infrastructure to replicate our mining success in the fast-growing staking
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