A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria, claimed the country will soon pass a law making the usage of bitcoin and cryptocurrencies legal.
Hashrate is one of the most commonly referenced metrics in bitcoin mining. But what is it? As the term suggests, the Bitcoin network’s hashrate is simply the estimated rate of total hashes generated by all active mining machines. Called hashing, the process of generating hashes is the primary job of miners.
Cryptocurrency has reached a notable level of functionality in Cuba, as citizens use it as an alternative to getting services that they would be unable to get otherwise, including international shopping, mobile and internet top-up services, and even sending and receiving remittances.
The phrase on everyone’s lips this week is Consumer Price Index (CPI) — the key measure of consumer prices inflation in the United States. While coming every month, the latest CPI print, due Dec. 13 for the month of November, has additional importance for the market.
The first episode of the “Bit Talk” podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin network.
Recently, a member of one of the oldest Bitcoin (BTC) forums, bitcointalk.org, sought to find the oldest or first miner. To everyone’s surprise, an anonymous member posted a signature that dated back to January 2009, a week after BTC was launched.
Demand for Application-Specific Integrated Circuits (ASICs) miners, specialized cryptocurrency mining rigs, has increased significantly in Q4 2022 in Russia, as reported by a local news outlet Kommersant. The surge in demand was driven by low equipment and electricity prices, the report added.
Major cryptocurrencies, after reeling under intense pressure from the FTX contagion resulting in a prolonged crypto winter and a string of bankruptcy protection filed by crypto firms, traded in the green on Tuesday.
Fiscal policies, economic growth indicators and inflation rates have no impact on the direction of Bitcoin. These factors usually affect the value of national currencies, which, unlike Bitcoin, are issued by the central bank or backed by governments.
Another new week is ahead. To help you on your way, we've listed the biggest crypto news of the past week. In this edition we again see problems with what crypto companies pass by, and an interesting bitcoin price prediction is also made.
Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bitcoin miners are able to participate in demand response programs, which incentivize miners to turn off their operations during peak demand.
Bitcoin mining is carried out using specialized processing equipment, and miners are paid in Bitcoin in exchange for validating transactions on the blockchain by resolving a challenging problem known as a "hash."
A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria, claimed the country will soon pass a law making the usage of bitcoin and cryptocurrencies legal.
Hashrate is one of the most commonly referenced metrics in bitcoin mining. But what is it? As the term suggests, the Bitcoin network’s hashrate is simply the estimated rate of total hashes generated by all active mining machines. Called hashing, the process of generating hashes is the primary job of miners.
Cryptocurrency has reached a notable level of functionality in Cuba, as citizens use it as an alternative to getting services that they would be unable to get otherwise, including international shopping, mobile and internet top-up services, and even sending and receiving remittances.
The phrase on everyone’s lips this week is Consumer Price Index (CPI) — the key measure of consumer prices inflation in the United States. While coming every month, the latest CPI print, due Dec. 13 for the month of November, has additional importance for the market.
The first episode of the “Bit Talk” podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin network.
Recently, a member of one of the oldest Bitcoin (BTC) forums, bitcointalk.org, sought to find the oldest or first miner. To everyone’s surprise, an anonymous member posted a signature that dated back to January 2009, a week after BTC was launched.
Demand for Application-Specific Integrated Circuits (ASICs) miners, specialized cryptocurrency mining rigs, has increased significantly in Q4 2022 in Russia, as reported by a local news outlet Kommersant. The surge in demand was driven by low equipment and electricity prices, the report added.
Major cryptocurrencies, after reeling under intense pressure from the FTX contagion resulting in a prolonged crypto winter and a string of bankruptcy protection filed by crypto firms, traded in the green on Tuesday.
Fiscal policies, economic growth indicators and inflation rates have no impact on the direction of Bitcoin. These factors usually affect the value of national currencies, which, unlike Bitcoin, are issued by the central bank or backed by governments.
Another new week is ahead. To help you on your way, we've listed the biggest crypto news of the past week. In this edition we again see problems with what crypto companies pass by, and an interesting bitcoin price prediction is also made.
Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bitcoin miners are able to participate in demand response programs, which incentivize miners to turn off their operations during peak demand.
Bitcoin mining is carried out using specialized processing equipment, and miners are paid in Bitcoin in exchange for validating transactions on the blockchain by resolving a challenging problem known as a "hash."
