[ad_2][ad_1] Bitcoin’s options market suggests Monday’s price drop may be short-lived. However, the cryptocurrency remains vulnerable to a stock sell-off and the increased buildup of miners is a sign that the market lacks strength. Bitcoin is undergoing the pull of gravity on Monday, along with losses in traditional markets. As …
Read More »Argo’s mining revenue declines after Bitcoin’s halving
[ad_2][ad_1] London-listed Argo posted a drop in revenue in May, likely due to the bitcoin halving event. According to the mining company’s monthly operating update, monthly mining margins – revenue minus operating costs – were about 34% in May, down from 39% in April. Overall, the company mined 252 bitcoins …
Read More »Whale moves bitcoins mined in 2009, triggering speculation that Satoshi is preparing to sell
[ad_2][ad_1] The bitcoin community was alive yesterday with speculation that bitcoin creator Satoshi Nakomoto would move bitcoin funds as 40 of the first ever mined bitcoins were moved for the first time in eleven years. Bitcoin in an office in London, UK Photographer: Chris Ratcliffe / Bloomberg © 2017 Bloomberg …
Read More »Bitcoin’s price falls on fears that Satoshi Nakamoto has moved the coins
[ad_2][ad_1] To update: According to Glassnodes, small amounts of the transaction were sent to the cryptocurrency exchange Coinbase (0.004 BTC) and the crypto payments solution CoinPayments (0.003 BTC). Update: Bitcoin’s price has now dropped to $ 9,450, after dropping as low as $ 9,320. Bitcoin’s price has dropped $ 200 …
Read More »Cambridge University Releases New Tool to Monitor Bitcoin’s Global Mining Power
[ad_2][ad_1] A team affiliated with the University of Cambridge has released a new bitcoin data tool that shows the countries with the highest concentration of mining. The Cambridge Center for Alternative Finance (CCAF), which is based at Cambridge Judge Business School, said on Wednesday that the Bitcoin Mining Map will …
Read More »65% of Bitcoin’s global hashrate has been concentrated in China
[ad_2][ad_1] A new bitcoin mining map from the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the Xinjiang Autonomous Region, which accounts for 35.76% of the global total. Recently launched, the …
Read More »Why hackers moving to Monero can improve the legitimacy of bitcoins
[ad_2][ad_1] Sign up for our daily cybersecurity briefing for free today. SmartBrief on Cybersecurity recently covered an intriguing story: A group of hackers announced they are switching to Monero, a form of cryptocurrency that may be impossible to track. No longer satisfied with stealing from ordinary people at random, the …
Read More »Blockchain HIVE to double Bitcoin’s mining capacity through $ 2.8 million in shares
[ad_2][ad_1] A publicly traded bitcoin mining operator is set to double the size of its operations in a multimillion-dollar deal, largely funded through the sale of its shares. HIVE Blockchain announced via email this week that it is all set to acquire an existing 30 megawatt (MW) mining business in …
Read More »We can’t control the XRP price any more than Bitcoin’s whales
[ad_2][ad_1] The CEO of blockchain payment network Ripple says the company doesn’t want to “dump” the associated XRP cryptocurrency despite selling huge amounts of it. In an interview with CNN on January 5, Brad Garlinghouse added a new contention to the debate over Ripple’s relationship with XRP, which has gained …
Read More »Ethereum in Its First Big Bear Market Like Bitcoins in 2015, Analyst Says By Cointelegraph
[ad_2][ad_1] © Reuters. Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst Says Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as (BTC) did back in 2014-15. In a tweet posted on Aug. 20, Burniske …
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