Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Since Bitcoin’s inception, network difficulty has grown from 1 to as much as 48.71 trillion hashes that a miner would theoretically need to generate to find the winning one. This means it is 48.71 trillion times harder to mine a Bitcoin block today than when mining first began in 2009 Read more…
Acoording to a blockchain intelligence firm Arkham, a bitcoin whale has executed a substantial movement of over 31,000 Bitcoins (BTC) from their cold wallets. Will it influence the BTC price momentum negatively? Whale Transaction History After transferring 31000 bitcoins to cold wallet, worth over $822 million, they hold BTC in Read more…
Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin. The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The crypto startup says its token can make trading in ordinals Read more…
In the next few months bitcoin (BTC) may be able to reclaim much of the attention it has relinquished to other crypto tokens and projects during recent years and the enthusiasm it lost during the crypto winter, Berenberg said in a research report Thursday. As U.S. regulators crack down on Read more…
Bitcoin experienced sudden volatility on Wednesday, April 26, 2023. During this period, the flagship cryptocurrency dropped by almost $3,000 in less than three hours, impacting both long and short positions held by traders. BTC/USD 3H Chart on TradingView According to reports, the overall impact of this sudden volatility spread to Read more…
A U.S. District Court has sentenced Bitcoin bathtub thief, Gary Harmon, for stealing 713 Bitcoin (BTC) from a wallet owned by the Internal Revenue Service (IRS). Ohio citizen Gary Harmon, 31, tricked the IRS and siphoned away 713 Bitcoin. The US District Judge Beryl Howell sentenced Gary to four years Read more…