The United States has become the global epicenter for cryptocurrency (Bitcoin) mining following the mass migration of miners from China due to the clampdown by the Chinese government. The Chinese government took a hostile stance against the cryptocurrency industry to control financial risk in the region. China became the cradle of Bitcoin and crypto mining […]
New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous […]
According to on-chain data, retail traders have not returned on the Bitcoin (BTC) scene despite the recent +35% rally. Google Trends data shows that queries about BTC, which is typical in market conditions like presently, are nowhere close to conventional heights. Reports show that the number of “Bitcoin” queries on Google is at relative lows […]
CEO of behemoth cryptocurrency exchange Bitmex Alex Hoeptner has made some brow-raising predictions for Bitcoin adoption. The Bitmex executive recently stated that: “My prediction is that by the end of next year, we’ll have at least five countries that accept bitcoin as legal tender. All of them will be developing countries. Here’s why I think […]
Pro-Bitcoin Senator, Cynthia Lummis, has disclosed that she purchased Bitcoin (BTC) in a periodic transaction report (PTR). According to the filing, the Wyoming Senator bought between $50,001 and $100,000 worth of BTC on August 16. At the time of purchase, the benchmark cryptocurrency traded at $45,000. That said, this disclosure comes seven days outside the […]
Amid a sharp bullish resurgence across the crypto market, Bitcoin (BTC) recorded a massive jump to the $55,800 level yesterday, its highest point since early May this year. The benchmark cryptocurrency is up by 6% and 26% over the past 24 hours and the past seven days, respectively, according to data from CoinMarketCap. BTC reached […]
According to a Brazil federal deputy, Aureo Ribeiro, Bitcoin (BTC) could soon become a recognized currency for payments in Brazil. Ribeiro noted that the potential approval of Bill 2.303/15, which focuses on cryptocurrency regulation, will create new uses for crypto holders, including purchasing houses, cars, and other products. These comments come following the approval of […]
Popular American whistleblower Edward Snowden had some positive comments on Bitcoin (BTC) and the crypto industry in a recent tweet. The former CIA computer intelligence consultant tweeted that: “Sometimes I think back to this and wonder how many people bought #Bitcoin then. It’s up ~10x since, despite a coordinated global campaign by governments to undermine […]
Bitcoin (BTC) miners have recorded a significant increase in their overall income over the last few weeks, as block rewards surge. According to recent data from analytics provider Glassnode, BTC mining revenues climbed above $40 million per day in October, a massive +275% increase from the pre-halving days. BTC mining revenue witnessed a positive turn […]
