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Whale wallets have been aggressively buying bitcoin over the past few weeks. According to the Glassnode platform, the largest addresses controlling at least 1,000 coins took advantage of the winter sales and market decline. They have significantly increased their reserves in BTC. Now the number of...
A study by recruitment company Deel says there has been a significant increase in the number of people who are paid wholly or partly in cryptocurrencies. The share of such employees increased last year by about 10%. Moreover, the researchers note that not only actors, athletes, and politicians...
Bitcoin price surpassed $44.000 for the first time since February 17 as the demand for crypto has increased amid the Russian Ukrainian war. In the last 24 hours, the price of Bitcoin rose by 14% and currently stands at around $43.300. Ethereum increased by 11%, reaching $2.900. The total global...
Bitcoin, as a decentralized asset, benefits from any economic or political aggravation in the world. That is exactly the situation we are seeing now. The influence of the tax policy of the authorities also affects. For now, Bitcoin is stable, but a new rally awaits us very soon, analysts at Pantera...
In the fourth quarter of 2021, Block (formerly Square) generated $1.96B in bitcoin sales through the Cash App, developing a gross profit of $46M for the firm. The company's total revenue for the period reached $4.08 billion, up 29% year on year. In 2021, Block's revenue increased by 86% to $17.66...
Bitcoin (BTC) is trying to find the bottom at around $35,000. There is an opinion among analysts that at this level, the cryptocurrency can claim to be the support of the whales. On the night of Friday, February 25, the coin bounced to $36,100, but so far it is still trading in the red zone....
The creator of the Ruby on Rails web framework, David Heinemeier Hansson, called his negative position on bitcoin amid the situation with protests in Canada erroneous. “I still can’t believe this is a protest that will prove that every bitcoin weirdo is a prophet. And I had to admit I was wrong...
The next Bitcoin bull run will occur no sooner than 2024 or early 2025 according to the co-founder of Huobi exchange, Du Jun. In an interview with CNBC, he noted that his opinion is based on the Bitcoin halving technique which takes place about every 4 years when 210.000 blocks are mined. BTC...
The increasing correlation between bitcoin and the Nasdaq stock index suggests that cryptocurrency should be considered a risky asset. This view is shared by analysts at the hedge fund Man Group. Their report on digital currencies says that monetary tightening by central banks will inevitably lead...
Investor, entrepreneur, Shark Tank star Kevin O'Leary said in a tweet that Bitcoin is not just a coin or cryptocurrency; it's a software. He answered the institutions that criticize him for investing in BTC, that for him it's completely the same, to invest in BTC or to own large shares in tech...
The president of El Salvador, Nayib Bukele, responded to the US Senators, who published a paper analyzing the country’s Bitcoin adoption. He said that the US congresspeople don't have any right over an independent country. Via a tweet, Bukele said that they should stay away from the country's...
The activity of bitcoin-miners is intensifying even against the backdrop of the retreat of the cryptocurrency. While BTC is getting cheaper, the network hash rate continues to grow. According to Blockchain.com, computing power set a new record this week, reaching 211.9 exahash per second (EH/s)....
Many experts periodically accuse bitcoin of causing great environmental harm. Now Intel CEO Patrick Gelsinger has joined the critics of BTC mining. One transaction record on the blockchain consumes the amount of electricity needed to power your home during the day, the company's CEO said in an...
In several countries this week, they started talking about the need to strengthen control over the cryptosphere. As a result, pressure on the industry began to intensify again, which led to an outflow of capital from digital currencies. The day before, bitcoin tried to approach $45,000. On the...
Galaxy Digital CEO Mike Novogratz has repeatedly stated that in terms of capitalization, Bitcoin will be able to bypass gold in the medium term. However, this week on Twitter, he unexpectedly called for an end to discussions about what is more important than precious metal or cryptocurrency. In his...
Ethereum (ETH) on the night of February 17 is trading at $3,000, however, against the backdrop of a market correction, the altcoin may fall below this psychological mark again shortly. Nevertheless, the accumulation of ETH continues. The number of addresses with a non-zero balance set a new record...
Before investing in Bitcoin, Ethereum, or any other cryptocurrency, consider if you want to be a casual investor (which is OK!) or a serious investment. You've probably heard tales about celebrities like Elon Musk and Mark Cuban allegedly profiting off Bitcoin. You've seen advertisements for...
Hashrate of the Bitcoin network hit a new all-time high of 248.11 exahashes on February 12. Hashrate indicates the total computational power that the network of computers, miners use to produce new blocks. This way, miners secure the network. A higher hashrate means higher security....
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