This is an opinion editorial by Alex, a bitcoin miner with Kaboomracks. It is important for people looking at bitcoin mining for the first time to understand the importance of Bitcoin difficulty adjustment and the impact this has on the profitability of mining. Many newcomers to bitcoin mining will consult the profitability of an ASIC … Read more
Marketing materials presented an attractive opportunity. Users of Gemini, the cryptocurrency exchange founded by identical twins Cameron and Tyler Winklevoss, could hand over their digital assets to a product called Earn. The assets would then be lent, generating returns of up to 7.4% per year. Feeling nervous? Gemini promised investors they could redeem their cryptocurrency … Read more
In mid-November, as cryptocurrency markets reeled in the aftermath of the FTX crash, Nobel Prize-winning economist Paul Krugman used his New York Times column to disparage cryptocurrencies again. Despite his indisputable academic credentials, Krugman has reiterated a common misconception in his attempt to understand cryptocurrencies, merging Bitcoin (BTC) with other cryptocurrencies. Despite being the oldest, … Read more
Two weeks ago the infamous “Volcano Bitcoin Bond” finally made its way to the El Salvador legislature for final approval, a legislature completely controlled by Nayib Bukele’s New Ideas Party. While the final rubber stamp comes through an economic commission, also made up almost exclusively of New Ideas party members, it’s worth talking about more … Read more
In today’s analysis, BeInCrypto look at Wyckoff’s patterns, which can explain the current price accumulation phase of Bitcoin (BTC). This model, known from traditional markets, has already been used to correctly identify the peak of the cryptocurrency bull market in 2021. However, if the Wyckoff accumulation plays out according to his basic pattern, Bitcoin should … Read more
After discovering that ten holdings associated with FTX Digital and Alameda Research have invested approximately $5.4 billion in nearly 500 companies and projects, people have been curious about some specific investments. One specific investment made by FTX Ventures Ltd. was $25 million in Ohio-based 80 Acres, a vertical farming company. It appears that 80 Acres … Read more
“The smartest people in the world are working on Bitcoin, they are not working on some other project”, Mike Jarmuz he told Bitcoin Magazine. “They are not working on altcoins or selling real estate in a fantasy land of the metaverse. Your medical records aren’t going on something else masquerading as a blockchain. We consider … Read more
December 8, 2022 – Singapore, Singapore DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, officially activated the long-awaited “Grand Central” hard fork on its network at 6:00 UTC on Thursday, December 8, 2022, the block height 2,479. 000. The Grand Central hard fork is one of … Read more
sponsored Unsurprisingly, FTX news has dominated the headlines for the past few weeks. Since the debacle went public, several more dominoes have started to fall, including the announcement that BlockFi has filed for bankruptcy. Before all of this was the MOON/Earth implosion, and if you’ve been around long enough you’ll obviously remember Mt. Gox and … Read more
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