Summary: Bitcoin miners sold an estimated 14,600 BTC in June. This amount was a 400% increment from May. Continuous selling of BTC by Bitcoin miners is hinting at capitulation. According to JP Morgan, Bitcoin production cost could have dropped to $13k, signaling possible more pain for BTC in the crypto...
Quick take: Crypto analyst Timothy Peterson, explains that the supply of Bitcoin is shrinking on a daily basis He estimates that a total of 1,500 BTC is lost per day compared to about 900 BTC mined The maximum number of Bitcoin that will ever be in circulation is around 14...
In brief: Tipping in cryptocurrency has long been used to express gratitude on social media platforms such as Reddit, Twitter and Telegram. The team at Zilliqa launched a tipping bot allowing users of Telegram to tip each other in ZIL. The messaging platform reached a new milestone of 400 Million...
In brief: Binance has launched a new Mining Pool service. The mining pool will support Proof of Work and Proof of Stake blockchain protocols. However, its first focus will be Bitcoin (BTC). The crypto exchange of Binance continues on its mission of building and providing its loyal users with superior...
In brief: Earth Day was celebrated on the 22nd of April. Global pollution levels have dropped drastically due to lockdowns to curb the spread of COVID19. The team at Ripple highlighted the efficiency of XRP. Yesterday, April 22nd, was the 50th Earth Day celebration. Previous events have been celebrated by...
Interview with Alex Karasulu, chief executive and founder of OptDyn, the company behind the Subutai Blockchain Router and Subutai PeerOS Alex has a 25-year background in the open source software community and is renowned for his original authorship of the Apache Directory Server, used by IBM for its Rational Directory...
Crypto Mining Crackdown in Inner Mongolia Reports from China-centric crypto news outlet ChainNews have suggested that Inner Mongolia, an autonomous region of China, is looking to curb Bitcoin mining and similar industries in the region. The article spotted by Dovey Wan, a prominent venture capitalist based in China, states that...
Despite delays experienced in the manufacturing process, Chinese ASIC manufacturer startup Linzhi is ready to produce the first batch of its new Ethereum miners, compatible with both ETH and ETC. The Shenzhen-based company was founded in February of 2018 by former Canaan Creative chip design head, Chen Min. Part of...
Bitmain, one of the world’s premier miner manufacturers, has stepped up its game with the release of two new Bitcoin miner models: the S17e, and the T17e. As announced September 6th on Bitmain’s blog, the new miners have just gone on sale today, September 9th. As per usual, the upgrades...
Crypto Miners Wiped Out in Chinese Flood While Bitcoin is a digital technology, natural disasters still affect this nascent ecosystem. Poolin, a prominent cryptocurrency mining pool, recently posted an image on Twitter of a flood “DEVASTATING” a mining farm in the Sichuan region of China. Red Li, the co-founder of...
Blockstream, a Canadian firm focused on developing products for the cryptocurrency industry, announced the launch of two large data centers for enterprise level co-location services. The developer of Bitcoin satellites and consumer wallets also introduced the BetterHash protocol-based Blockstream Pool. The company’s latest products are aimed at preserving the decentralization...
Despite recent concerns voiced by the International Energy Agency (IEA), the energy consumption of Bitcoin mining has hit another milestone. According to network status information from BTC.com, the average Bitcoin hashrate in the last two weeks has reached 71.43 EH/s (Exahash per second), a 10.8% increase from July 23rd’s hashrate...