Bitcoin

Bitcoin and Ethereum Miners Earn Record Revenues
Bitcoin and Ethereum Miners Earn Record Revenues for July

Ethereum and Bitcoin miners earned higher revenues in July. ETH revenue rose by 6.63% while BTC rose by 15.8% However, the crypto market is still struggling to rebound after the May crash. Miners of top cryptocurrencies Bitcoin and Ethereum recorded a revenue rise in July. Notably, ETH miners earned 505,300 ETH, while BTC miners earned $971 million. In fact, ETH miners’ revenue increased by 6.63% from June to July. Also, handling fees accounted for about 18% of the increase. Meanwhile, BTC mining revenue increased by 15.8% from $839 million in June. Of note, crypto mining has recently come under fire

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Nigeria Rides the Crypto Wave
Nigeria Rides the Crypto Wave, Citizens Choose Bitcoin

Nigeria ranks at number 2 in crypto trading worldwide.  It follows after the United States of America.  The country placed second despite much government effort to dampen crypto trading. According to Paxful, a Bitcoin trading platform, Nigeria is second in line when it comes to crypto trading. This puts the country right behind the USA. Despite numerous attempts at trying to dampen the growing interest in Bitcoin, its citizens have fully embraced cryptocurrencies.  In fact, according to Chainalysis, Nigerian users received an astounding $2.4 billion in May. This number is based on dollar volume in cryptos. This is a remarkable

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MicroStrategy Announces $299M Loss
MicroStrategy Announces $299M Loss, Remains Bullish on Bitcoin

MicroStrategy, one of the largest institutional Bitcoin investors, recently announced a loss of $299 million during the second quarter of 2021. This is possibly due to the sheer drop of Bitcoin price from almost $65,000 to $41,355.74, according to CoinGecko at the time of writing. Nevertheless, the company remains bullish on Bitcoin, saying that they are “pleased” with their crypto strategy. According to CEO Michael Saylor, “We continue to be pleased by the results of the implementation of our digital asset strategy. Our latest capital raise allowed us to expand our digital holdings, which now exceed 105,000 bitcoins. Going forward,

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Biden’s Bill Will Hinder Crypto Activities
Biden’s Bill Will Hinder Crypto Activities Within The USA

Biden’s infrastructure bill comes with a new cryptocurrency surveillance provision.  The EFF says that this bill will make things a lot harder for crypto activities in the country.  It lists out 6 solid reasons on how the bill does so. The USA has always been a land brimming with potential and opportunity. It is a place where people from all over the world gravitate to fulfill their dreams. Naturally, the country must work towards living up to this name. A great way to do that is to accommodate the world’s latest trends and technologies.  For instance, the people of America

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Bitcoin Hits $40K Again
Bitcoin Hits $40K Again, While ProFunds Launches BTC Mutual Fund

The crypto market is alive once more, as major cryptocurrencies are seeing signs of recovery. In fact, Bitcoin price has been around the $40,000 mark in three consecutive days. BTC/USDT 1-day chart (source: TradingView) As seen on the above chart, Bitcoin has been trading around the $40,000 mark since July 26, in which its highest price reached almost $40,500, which is a breath of fresh air to the crypto market. The presumed rally was met with strong resistance, causing Bitcoin price to retract to $35,000. The bulls made another attempt at $40,000 on July 27, although they failed to take

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Bitcoin Boost to Over $40k as Amazon Grows Interest in BTC
Bitcoin Boost to Over $40k as Amazon Grows Interest in BTC

Bitcoin surge to over $40k Amazon plans to accept  BTC as a payment option All eyes on Bitcoin as it smashes one resistance level to another in reaching the skyrocket price of over $40K. Interestingly, Bitcoin managed to achieve a growth rate of over +14% in the past 24 hours. Truly, this amazing performance made by Bitcoin surprised the crypto community and investors worldwide.  This made Lark Davis, a Bitcoin investor and crypto analyst, react in a tweet post: As per Lark, Bitcoin finally frees itself from its bearish downtrend in the past 7 months. “#Bitcoin just broke out of

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Bitcoin Rises After Elon Musk Says
Bitcoin Rises After Elon Musk Says Tesla To Accept BTC Again

Elon Musk shared that Tesla might reinstate Bitcoin payments. The news caused the top crypto to rebound above $30,000. Also, Musk shared that he personally along with Tesla and SpaceX still hold BTC. Top cryptocurrency, Bitcoin (BTC), has surged since Elon Musk disclosed that Tesla is “most likely” to reconsider accepting BTC payments. Notably, BTC is up 0.3% since Musk shared this news.  Tesla CEO and billionaire Elon Musk shared this at the recent B Word cryptocurrency conference,  “Most likely the answer is that Tesla would resume accepting Bitcoin…I wanted a little bit more due diligence to confirm that the

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Michael Saylor Responds to Mike Tyson
Michael Saylor Responds to Mike Tyson, Chooses Bitcoin Over Ethereum

Michael Saylor responded to Mike Tyson’s survey, saying he has chosen Bitcoin over Ethereum. Saylor claimed he spent over 1,000 hours studying Bitcoin’s case. The crypto market remains in bearish territory, with most assets in the red. MicroStrategy CEO Michael Saylor recently commented on a question posed by boxing veteran Mike Tyson on Twitter. Tyson asked the space if they preferred Bitcoin or Ethereum, to which Saylor replied Bitcoin. According to the tweet, Saylor spent more than a thousand hours considering the question. Instead of elaborating further, he pointed Tyson to hope.com for further Bitcoin education. Saylor is a well-known

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Bitfarms Boosts BTC Output
Bitfarms Boosts BTC Output Amid Easier Mining Conditions

Bitfarms has improved its BTC mining output amid the easier mining conditions. Bitforms deposited 1,445 BTC produced this year into custody. Also, the mining firm utilizes green electricity to power its mining operations. Listed crypto mining company, Bitfarms Ltd has ramped up its mining operations. The company is taking advantage of recent crypto mining bans in China to expand its market dominance.  The mining operation reportedly mined 1,357 BTC over the first half of 2021. In addition, Bitfarms deposited 1,445 BTC into custody. Notably, the BTC deposit is over 95% of the company’s BTC production so far this year.  Also,

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Twitter Users Debate Grayscale’s Upcoming GBTC Unlock

The Twitter crypto sphere is abuzz again about the upcoming GBTC unlock.  A Twitter user claims that the unlock will fail because Grayscale cannot sell BTC. Another user clears the air and says there is no such issue. The crypto Twitter community went abuzz this morning as a Twitter user declares the upcoming Grayscale GBTC unlock FUD dead. Specifically, the user says that Grayscale does not have the authority to sell any BTC.  The user — LilMoonLambo, makes this statement on their Twitter page. LilMoonLambo is a Bitcoin and crypto investor, trader, and NFT creator. Accompanying the statement was a

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Bitcoin Lightning Network
Bitcoin Lightning Network Grows 70% as Strip Club Accepts BTC Payment

Despite a drowsy summer for the crypto community, the Bitcoin Lightning Network has grown significantly as various platforms are starting to use the technology. According to a report by Arcane Research, the network has grown by up to 70% in less than 6 months, and is currently at 1,806 BTC. This surge may be due to various platforms and companies that are starting to embrace the network for payments. Recently, a Las Vegas strip club named Crazy Horse 3 revealed that it has started accepting Bitcoin payments through the said network. This will occur through OpenNode, a Bitcoin payment processing

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Bitcoin GBTC Unlocked
Bitcoin GBTC Unlocked, Analyst Weighs In on What This Means

Grayscale Bitcoin Trust is unlocking its Bitcoin trust on July 18. For the first time in over 6 months investors will be able to sell their GBTC shares. Also, several other analysts including JPMorgan have weighed in on the likely effect of the event. Popular crypto analyst EllioTrades Crypto weighed in on the ongoing debate about Grayscale’s GBTC share unlock. The event will occur on July 18, however, analysts are yet unsure whether this is bullish or bearish. Ellio started by explaining that Grayscale trust is an exchange-listed asset. As such, Grayscale lists stocks equivalent in number to the underlying

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