Bitcoin’s hashrate rose steadily over the past 12 months even as the network’s token, bitcoin, lost over two-thirds of its value. For many, this is a sign of faith in the long-term success of the world’s largest cryptocurrency network.
There is much work to do to build that system in 2023 and beyond. But it starts with the lessons of 2022. There are many. Here are the five that I think are the most important ...
The snowball started in the heat of July with the Celsius bankruptcy, which was the first sign that the ecosystem we were building was not healthy. The fact that we were using a decentralized currency to mirror the centralized financial system did not match the vision for Bitcoin.
Bitcoin’s hashrate shrunk on December 25 and set a new record for the lowest hashrate in the last three months, Although while writing this article, the hashrate is back to its earlier position.
Though Bitcoin’s price has been suppressed for months, this may not necessarily mean that adoption of the asset is slowing down. On-chain data from IntoTheBlock shows that the number of non-zero Bitcoin addresses has steadily increased since the crypto market peak in November.
Starting a new career in cryptocurrency can be intimidating, but we can help. Learn some useful tips about how you can get started in crypto right here.
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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.