Cryptography hardware technology company Fabric Systems raised $13 million in a seed round from investors to build energy-efficient Bitcoin mining hardware.
Major cryptocurrencies were trading in the red early on October 13 as the global crypto market cap decreased 0.05 percent to $918.19 billion over the last day. The total crypto market volume dropped 9.88 percent to $44.13 billion over the last 24 hours.
It’s a new all-time high–for Bitcoin mining difficulty. Hot on the heels of the Bitcoin hash rate hitting new highs, the difficulty adjustment, or the complexity that miners must overcome to solve valid blocks, has increased by 13.55%.
Cryptocurrency prices were trading in the green on Tuesday morning as Bitcoin (BTC) and Ethereum (ETH) soared along with other altcoins. Meme coins like Dogecoin and Shiba Inu were also trading with gains.
A recently filed SEC Form D registration explains that Rhodium Enterprises, Inc. raised $11.9 million this month, according to a notice of an exempt offering of securities filing published on September 19, 2022.
Ben Gagnon, chief mining officer at Bitfarms sees anything below $20,000 as the price where fair-weather institutional investors retreat from the currency for good, which will help stabilize bitcoin’s current volatility and send it up an upward path.
The Bitcoin protocol is designed to withstand censorship attacks from within its network and from without. The core ethos of the entire Bitcoin experiment is to create a permissionless, uncensorable financial tool for the world.
In a new first for bitcoin adoption by governments, Colorado has officially become the first U.S. state to allow citizens to pay taxes in bitcoin (BTC).
Meanwhile, even with the hash rate sky high, miners keep building and building onto the infrastructure. That’s incredibly bullish for bitcoin’s long-term prospects.
Most mining firms are looking for places with low electricity costs, and the US provides that. The states could benefit from Bitcoin mining through tax revenue and employment creation.