A recent report from Fidelity Digital Assets highlights the advantages of Bitcoin over traditional assets like gold. While gold has long been seen as a store of value, Bitcoin offers technological advantages that are difficult to overlook. Its cryptographic security, decentralized nature, and transactional integrity set it apart. Additionally, Bitcoin’s resistance to “innovative destruction” gives … Read more
Ethereum losing streak vs. Bitcoin hits 15 months — Can ETH price reverse course? The price of Ethereum’s native token, Ether (ETH), has reached a 15-month low against Bitcoin (BTC) and the lowest since Ethereum switched to proof-of-stake. The ETH/BTC pair dropped below the critical support level of its 200-week exponential moving average (EMA), indicating … Read more
Bitcoin Hashrate Explodes, Difficulty Set To See Big Uptick Bitcoin mining difficulty is expected to increase significantly in the next adjustment as the hashrate continues to rise. The hashrate measures the total computing power that miners have connected to the Bitcoin blockchain. Increasing values indicate more profitability, attracting new miners, while decreasing values suggest some … Read more
Former BlackRock Manager Says Prepare For $17.7 Trillion Inflow Into Bitcoin If This Happens Former BlackRock manager Steven Schoenfield predicts that spot Bitcoin exchange-traded funds (ETFs) will be approved in the United States within the next three to six months, potentially resulting in an influx of up to $17.7 trillion from institutional investors. The approval … Read more
Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more
Bitcoin (BTC) Hits Highest Price in a Month Bitcoin (BTC) has reached its highest price in over a month, exceeding $28,000. Analysts attribute this surge to optimism regarding ETFs and seasonality. Last week, traders at Bitbank, a Japanese exchange, had already predicted this milestone. The $28,500 level is viewed as a significant support from the … Read more
The inventor of Bitcoin Ordinals has proposed a new fungible token protocol called Runes as an alternative to the BRC-20 token standard. The BRC-20 standard has gained popularity but has been criticized for spamming Bitcoin with unnecessary transactions. Runes is a UTXO-based protocol that aims to minimize the creation of “junk” transactions and promote responsible … Read more
Exploring 9 Ways to Make Money with Bitcoins Believe it or not, bitcoins offer multiple avenues for earning money. With a limited supply of 21 million coins and a fluctuating market, the value of each bitcoin can rise over time, presenting opportunities for profit. Here are some strategies for making money with bitcoins: 1. Micro … Read more
Beware of These Eight Common Bitcoin Scams Bitcoin, a decentralized cryptocurrency, has revolutionized the world of finance. However, the lack of stringent regulation in the Bitcoin sphere has given rise to various scams. Here are eight common Bitcoin scams you should be aware of: 1. Fake Bitcoin: Scammers offer to pay you with bitcoins, knowing … Read more
The next Bitcoin halving is set to occur in April 2024, which will cut the production of new coins by 50%. While the halving historically leads to an increase in Bitcoin’s price, it poses challenges for miners who rely on block rewards for revenue. Miners must adapt their strategies to compensate for reduced rewards, focusing … Read more
