News

Bitcoin mining operations in China will receive a boost as a local government is encouraging these industry players to help consume the city’s excessive hydropower. Cheaper electricity for crypto miners Bitcoin miners are widely considered as the backbone of the entire Bitcoin network. These specialized computers are collectively responsible for solving complex mathematical equations. Subsequently, […]

Demand for Bitcoin has been skyrocketing in recent times, with this newfound excitement from investors coming mere weeks before the benchmark cryptocurrency undergoes its highly anticipated mining rewards halving event. The short-term implications of the halving on Bitcoin’s price are debatable, but it is an undoubtedly bullish event from a long-term perspective as it reduces […]

The crypto market has been caught in the throes of a firm uptrend in the time following the capitulatory downtrend seen in mid-March that erased virtually all the gains incurred throughout the early part of the year. The rebound from these lows, however, has allowed most major cryptos to recapture some of the gains from […]

Stellar Lumens has managed to decouple from the rest of the cryptocurrency market over the past few hours. The bullish momentum pushed the price of this cryptocurrency up over 15 percent. XLM rose from trading at a low of $0.062 to recently hit a high of $0.071. Meanwhile, Bitcoin has remained stagnant mostly trading within […]

The world’s largest cryptocurrency exchange by trading volume, Binance, announced the official launch of its mining pool service. Dubbed Binance Pool, it will offer support for both Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining mechanisms. But, it will kick off with Bitcoin mining services only. The new mining pool will also provide miners with a wide range […]

Hong Kong-based cryptocurrency exchange Bitfinex announced the introduction a new platform that enables its users to interact with each other. Dubbed Bitfinex Pulse, it is set to meet customers’ demand for a social network tailored towards traders and crypto enthusiasts alike. Paolo Ardoino, CTO at Bitfinex, affirmed that after the success that the public leaderboard […]

Charles Hoskinson, the CEO of Cardano (ADA) parent IOHK, went to YouTube to answer questions regarding the recent launch of the Daedalus wallet and the current state of the Cardano network. Hoskinson said that Daedalus has been a tremendous success, the only issues due to sync times happening to users with older Windows operating systems. […]

Grayscale Investments, the investment arm of Digital Currency Group, has picked up a majority of all ether mined in 2020. The metric indicates massive institutional interest in Ethereum, which is soon moving to a Proof-of-Stake protocol. Picking up the ETH pennies Grayscale’s “Ethereum Trust” fund handles over $284 million in an index fund offered to […]

Yes, the price of Bitcoin may have stalled over the past three days, stagnating around $7,500, but the cryptocurrency is still decisively bullish from a macro perspective, analysts say. In fact, should BTC close the weekly candle above $7,100 in approximately seven hours as of this article’s writing, this will be the sixth — yes, […]

Ever since the highs of the 2017-2018 bull market, XRP has not done too well. The third-largest cryptocurrency by market capitalization, per data from TradingView.com, has collapsed by more than 94 percent from its all-time high around $3.40. Last month, the asset was at three-year lows. For some context: Bitcoin, from its all-time high, is […]