Bitcoin will undergo its third halving event to date this May. The supply of new BTC released to miners with each block will reduce by half to 6.25 BTC.The impact of the event has been the source of much debate in the industry. For one analyst, lack of understanding may be hindering Bitcoin’s rise to…
Following an incredible parabolic rally and recovery during the first half of the year in 2019, Bitcoin price has spent the second half of the year in an ongoing downtrend that has taken the price of the asset back into a range not traded in since the depths of the bear market. Does this mean…
Last week, Crypto Twitter erupted with reports that “miners capitulated.” Indeed, the Bitcoin Hash Ribbons — an indicator tracking the health of the network’s hash rate — saw a bearish crossover, with the short-term moving average crossing below a long-term one, signaling that miners have stopped expanding their farms. Related Reading: For First Time Ever,…
The final nail was just put in the coffin of bulls. An indicator that tracks the health of the Bitcoin (BTC) mining ecosystem has just flashed bearish for the first time in a year, signaling impending capitulation. Related Reading: Bitcoin Open Interest May Act as Rocket Fuel for Explosive Bull Movement Bitcoin Miners Ready to…
Malaysian authorities have arrested five individuals in connection with the robbery of 85 Bitcoin mining units. The machines were taken from a shop in the town of Seremban on October 29. The units themselves were valued at around $10,000. Those behind the robbery are thought to have stolen the machines to deploy them themselves. Five…
Subscription-based bitcoin mining firm Argo Blockchain has registered a profitable third quarter even though the asset it deals in witnessed a sharp drop in value. The UK-based company, whose stocks are listed on the London Stock Exchange (LSE), confirmed its revenues rose to £3.6 million (~$4.42 million) in the three months ending on September 30.…
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware. The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant…
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with. Sichuan Bitcoin Farms Hit by Floods According to government services, monsoon flooding in China during July and August…
Popular on-chain metrics analyst Willy Woo claims to have developed a Bitcoin price indicator that shows good opportunities to invest in the digital asset. He calls his discovery the “Bitcoin Difficulty Ribbon”. The indicator looks at how mining impacts Bitcoin’s price. The analyst believes that miner capitulation in the wake of increasing difficulty reduces selling pressure…
Space might be the final frontier, but it also might end up being the final showdown between crypto asset Bitcoin and the precious metal and chemical element known as gold. In a wild story that sounds like it was ripped from the pages of science fiction novels, NASA is planning a space mission to an…