BTC

Bitcoin-(BTC)-Candles-Moves-From-Red-to-Green-After-9-Weeks
Bitcoin Could Power the World With Green Energy Initiative

Bitcoin gives hope to a long-forgotten renewable energy project.  The project is the Ocean Thermal Energy Conversion initiative (OTEC). OTEC will harness thermal energy from the oceans to ecologically fuel Bitcoin mining. An almost forgotten 150-year old renewable technology has just come back to life. In detail, the Ocean Thermal Energy Conversion (OTEC) initiative could just be revived to fulfill Bitcoin’s unique appetite for energy consumption.  To elaborate, Bitcoin poses the potential to help bring between 2-8 terawatts of clean, renewable, and continuously fueled energy. In fact, the year-round baseload power will be harnessed from the thermal power lying latent

2 mins read
crypto market reaches $3 trillion market cap
Bitcoin and Altcoins Go Green, Is the Market Finally in Recovery?

Bitcoin (BTC) has finally gone green and is showing bullish signs. Many altcoins have followed Bitcoin’s rally and have also all gone green.  Many are hoping that this is the start of the end to the long-drawn crypto winter. According to many crypto charts of altcoins and the cryptocurrency pioneer — Bitcoin (BTC), it seems the crypto market is on its way to a steady inevitable recovery. Many investors are hoping this to be the start of the end of crypto winter.  At the moment, not only has Bitcoin (BTC) gone green on all the crypto charts, but so have

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EU Parliament Nods to Crypto Mining for MICA Law
Sustainable Bitcoin Mining Power Mix Hits 59.5%

The share of renewable energy used for Bitcoin mining has increased to 59.5%. The BTC Mining Council is also working on increasing transparency in the Bitcoin mining industry. More information on the energy efficiency of Bitcoin mining was shared in the BMC’s YouTube briefing. According to a report from the BTC Mining Council, the share of renewable energy used for Bitcoin mining has increased to 59.5%. This is a significant increase from the group’s last report in March when the renewable energy mix was at just 42%. The council, which was formed earlier this year by some of the biggest

3 mins read
Samsung-is-Working-on-New-Chip-to-Power-Efficient-Bitcoin-Mining
Samsung is Working on New Chip to Power Efficient Bitcoin Mining

Samsung’s new chip can boost efficiency for mining Bitcoin (BTC).  The chip will deliver 45% reduced power consumption.  It will be 3 nanometers in area and will be 23% more powerful. Samsung’s new chip will power a stronger and more efficient way to mine Bitcoin (BTC). In particular, the Bitcoin mining chip will be more power efficient. To be exact, it will offer 45% more power efficiency. It will also be 23% more powerful.  In detail, Samsung has begun production of its chip capable of greater Bitcoin mining power. Specifically, the chip production is using 3nm process technology with GAA

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Andorra Approves Bitcoin Regulatory Framework

Andorran government approves regulatory framework for Bitcoin and other digital currencies. The government of Andorra seeks to establish itself as a center for Bitcoin firms. Andorran Regulations set to develop the nation as a fintech and digital business powerhouse.   The government of Andorra, one of the tiniest microstates in the world, wants to establish itself as a center for Bitcoin firms. In order to clarify their legal status and encourage private investment in this microstate, the Andorran government has adopted a legislative framework for Bitcoin and other digital currencies. The General Council of the Principality of Andorra enacted the

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Bitcoin Halving: Why Bitcoin Halving Matters
Bitcoin Halving: Why Bitcoin Halving Matters

A Bitcoin halving occurs when the mining incentive for Bitcoin transactions is cut in half. Analysts are counting the days before the fourth halving event of BTC. Halving maintains steady and predictable supply new BTC entering the market.   Bitcoin halving is an event where the bitcoin blockchain reward gets cut in half. This happens roughly every 4 years. The last Bitcoin halving occurred on 11th May in the year 2020. In a post on Twitter today, Lark Davis tweeted saying that there are 684 days left until the next Bitcoin halving which is expected to occur on  April 4, 2024.

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Bitcoin Lightning Network Capacity Hits New ATH of 4267 BTC
Bitcoin Lightning Network Capacity Hits New ATH of 4267 BTC

Bitcoin’s Lightning Network snapped a new ATH capacity of 4267 BTC. Revealing over $91M in value is ready for peer-to-peer payments. A data from 1ML shows that the average fee for BTC payments is at $0.0002. Bitcoin’s Lightning Network reaches another milestone by securing a new all-time-high in public network capacity.  According to cryptocurrency on-chain metrics and data provider Glassnode, the Lightning Network of Bitcoin reached a new record height of over 4267 Bitcoin. This means that peer-to-peer payments of more than $91 million in value will be ready. Lightning Network Capacity as of July 16, 2022. Source: Glassnode. Launched

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Mining Bitcoin Now Costs $13K Now, Dropped From $24K in June

The cost to mine 1 Bitcoin (BTC) is now $13,000. This is a considerable drop from the $24,000 it cost last month.  Only 9.1% of the Bitcoin (BTC) supply is left unmined. It seems that Bitcoin mining is now more affordable than it was last month. According to JPMorgan, the production cost of Bitcoin mining has fallen from $24,000 to $13,000 per Bitcoin (BTC).  At the time of writing, the price of each Bitcoin (BTC) stands at $19,794. Of the total 21 million Bitcoins that exist, 19,093,362 Bitcoins have already been mined and are in circulation. This leaves only 9.1%

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Bitcoin in Green as Exchanges Defy Russia Ban Calls
Bitcoin Maximalist Woes: Old Arguments Resurface

Some unearthed facts stated that Satoshi Nakamoto took part in the creation of Namecoin. The Bitcoin Maximalism controversy sparked anew after Nic Carter criticized the ideology. A couple of months ago, Vitalik Buterin wrote a piece in the defense of Bitcoin Maximalism.   Amid increasing controversies regarding the Bitcoin Maximalist ideology, a couple of old arguments have resurfaced, adding to the maxis’ woes. Specifically, the thread was published by Twitter user High Stakes Capital, who was a Bitcoiner back in 2013. According to the thread, Satoshi Nakamoto, the enigmatic creator of Bitcoin, did not have an ideology similar to the

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Swiss-Post-Office-Will-Offer-Crypto-Custody-and-Trading-Services
Bitcoin Addresses Surpass 1 Billion Despite Rocky Crypto Market

The number of Bitcoin (BTC) addresses ever created surpassed 1 billion.  This is great news and a clear indicator of high Bitcoin (BTC) adoption.  It is even more exceptional as the milestone came during crypto winter. As the crypto winter continues to rattle the Bitcoin (BTC) and crypto community, some sparks are still shining through. To highlight, the total number of Bitcoin (BTC) addresses to ever be created has now surpassed 1 billion.  That’s right, it looks like Bitcoin (BTC) wallets are now over the one billion milestone. This is indeed exciting news for the Bitcoin and crypto community overall.

2 mins read
Visa-Introduces-No-Limit-Bitcoin-(BTC)-Card-in-the-UAE
Visa Introduces No-Limit Bitcoin (BTC) Card in the UAE

One of the world’s largest payments networks announces a no-limit BTC card in the UAE. Visa will soon launch a no-limit Visa card in the heart of crypto wall street.  The card known as ‘bitcoinblack’ is available to 10,000 invite-only users. Visa continues to show its support for crypto with its latest news. The brand just announced that it will launch a no-limit Bitcoin (BTC) card in the heart of crypto wall street — the United Arab Emirates (UAE). In detail, the popular payments network will launch an exclusive VIP crypto credit card called ‘bitcoinblack’ in the UAE. The card

2 mins read
Bitcoin-Closer-Complete-Scarcity,-Only-2-Million-Left-Unmined
Bitcoin Closer Complete Scarcity, Only 2 Million Left Unmined

Of the 21 million total Bitcoin availability, 19 million is already mined.  Only 2 million Bitcoin (BTC) is left to be mined. The crypto community anticipates a massive bull run amid this discovery. Bitcoin gets its value from its scarcity. This scarcity comes from Bitcoin (BTC) being a scarce resource. Since its arrival, it was made clear that there are only 21 million Bitcoin available. Due to the crypto being fungible, more than 21 million could own the digital asset.  In its earlier days, the only way to get Bitcoin was by mining Bitcoin. While Bitcoin miners were the only

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