After Bitcoin halving, ASIC mining equipment producers will compete increasingly more aggressively, and in the long term, only 2 or 3 industry players will survive, states a report by BitMEX Research. The report looks into the history and current situation, as well as the efficiency of mining equipment from the five largest producers of Bitcoin…
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Banks in Spain are reportedly closing accounts they suspect belong to cryptocurrency traders, particularly users of the LocalBitcoins peer-to-peer exchange – and may have been doing so “since November last year.” Per a report from media outlet Criptonoticias, an experienced crypto trader who asked to remain anonymous says that “between 30 and 40 LocalBitcoin Read…
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More institutions will follow those already in the bitcoin (BTC) space, as their mentality is generally that of "a herd," said Jesse Powell, CEO of major crypto exchange Kraken in an interview with Bloomberg TV. He also opined that bitcoin is already a store of value, and will soon surpass gold. The Bloomberg interviewer argued…
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Yesterday, bitcoin price started a strong recovery above the USD 9,300 resistance. BTC even broke the USD 9,500 region, but it is struggling to gain strength above the USD 9,550 resistance zone. It is currently (08:30 UTC) consolidating gains and seems to be preparing for a bullish break above USD 9,550 and USD 9,580. Meanwhile,…
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Hackers rose to the challenge of stealing a bitcoin – with a “brute force” cryptanalytic attack allowing raiders to crack into a wallet and make away with the BTC 1 booty. Alistair Milne, the chief investment officer at the Altana Digital Currency Fund, had set the world of social media a challenge, with four seed…
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Although the number of bitcoin (BTC) whales is growing, it looks like some of the crypto world’s biggest players now hold less BTC now than they did four years ago. They also hold less wealth in USD terms than they did three years ago, per a recent report from blockchain analytics firm Glassnode. The firm…
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The pre-adjustment predictions last week seem to have underestimated this Bitcoin (BTC) mining difficulty adjustment, as it went higher than expected. The third Bitcoin mining difficulty adjustment after the halving saw this measure of how hard it is to compete for mining rewards increase by 14.95% to more than 15.78 T today. This is bringing…
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Soure: Adobe/AlekseyIvanov The Spanish parliament is set to vote on a new crypto exchange regulation law in the “second half of 2020” – after the country’s Ministry of Economic Affairs and Digital Transformation announced it was preparing to police the nation’s trading platforms. Per an official statement, the ministry said that it had prepared a…
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Major UK-based mobile banking app Revolut is turning more crypto-friendly, as suggested by its upcoming changes in terms and conditions of crypto products. However, the service is still far away from bridging the gap between crypto and traditional finance, as it is not going to allow its customers to transfer cryptoassets to external wallets just…
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US-based crypto security specialist Casa claims that their new wallet is a solution to the problem of complicated seed phrase management, particularly for the "first-time Bitcoiners." Critics have their doubts, leading a discussion on the wallet’s possible shortcomings. Self-custody is considered by many crypto enthusiasts the only way to hold bitcoin (BTC) and other Read…
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