BTC

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

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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

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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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Bitcoin in Green as Exchanges Defy Russia Ban Calls
Over 10.34 Million Bitcoin Wallets Now Hold 0.01 BTC

More and more users are buying Bitcoin (BTC) this crypto winter. Over 10.34 million Bitcoin (BTC) addresses show at least 0.01 BTC in holding. During this time, El Salvador just bought 80 more Bitcoin (BTC). This crypto winter may have pushed many investors into the FUD zone, but has also opened opportunities for many. According to Bitcoin Magazine, it seems that the number of addresses holding at least 0.01 BTC have set a new ATH of over 10.34 million.  Indeed, many are seeing that Bitcoin is a great source for investing. Back when the price of Bitcoin (BTC) was high

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Bitcoin Settles at $39K After Stripe Onboards Crypto
Bitcoin Charts Point to $17,500 Bottom on the Horizon

The Bitcoin Twitter community discusses a possible bottom for Bitcoin. Some say the charts are pointing to a $17,500 bottom for Bitcoin (BTC) Presently, the price of Bitcoin (BTC) is still staggering at the $20,000 area. A popular Bitcoin trader and crypto analyst sends crypto Twitter into a frenzy with his latest Bitcoin chart analysis. The main message from his charts is that Bitcoin is finally showing signs of a bottom.  In particular, he says that the Bitcoin (BTC) chart is forming an Adam & Eve pattern. In addition, he says that at the moment, the crypto is holding the

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Bitcoin and Ethereum Smash New All-Time High at the Same Day
SEC Ditches ETH, Says Only BTC Is Commodity-Material

SEC Chairman Gary Gensler said he is willing to acknowledge Bitcoin as a commodity. People misinterpreted Gensler, claiming that he recognized Bitcoin as a commodity already. Should Bitcoin become the only commodity, then Ethereum may be considered a security. The crypto space is paying close attention to the US Securities and Exchange Commission (SEC) again, as Chairman Gary Gensler made some bold statements regarding Bitcoin. https://twitter.com/DocumentingBTC/status/1541437342401150982 As heard during the interview, Gensler is willing to acknowledge Bitcoin as the only cryptocurrency that may be considered a commodity. This effectively makes every altcoin a security in Gensler’s eyes. However, many people

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ProShares-To-Launch-First-US-Short-BTC-Linked-ETF
ProShares To Launch First US Short BTC-Linked ETF

ProShares will launch its short Bitcoin-linked ETF in the US on June 21. Alongside BITI, ProShares’ mutual fund affiliate ProFund will launch BITIX. In November 2021, ProShares also received an approval to launch the first Bitcoin-linked ETF in the US. ProShares announced that it will be formally launching its short Bitcoin-linked exchange-traded fund (ETF) in the US on June 21. Named ProShares Short Bitcoin Strategy (BITI), this will become the first of its kind in the US. According to a press release, ProShares’ new ETF offering will “address the challenge of acquiring short exposure to Bitcoin.” Michael Sapir, CEO of

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Bitcoin-Recovery-Gains-Momentum-as-Miners-Stop-Selling
Bitcoin Recovery Gains Momentum as Miners Stop Selling

Bitcoin miners have finally stopped selling their Bitcoin (BTC). Bitcoin accumulation has gone up as more investors are buying the dip.  The amount of wallets hodling more than 1 Bitcoin have gone up significantly. Bitcoin Archive tweets exciting news. According to glassnode, Bitcoin miners have finally stopped selling their Bitcoin (BTC). As of now, they have instead begun accumulating BTC. It seems that bearish times may be over for Bitcoin. In response to the tweet, the crypto community seems to be collectively sighing in relief. In fact, many say that this is a good sign and expect the price of

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MicroStrategy-CEO-Michael-Saylor-Bitcoin-is-the-Best-Performing-Asset
Michael Saylor: Bitcoin is the Best-Performing Asset

MicroStrategy CEO Michael Saylor explained on CNBC why Bitcoin is the best asset. Saylor said today is the best time to buy Bitcoin amid the crypto meltdown. Bitcoin is currently trading at $21,105.83, down 0.05% over the last 24 hours according to CoinMarketCap. MicroStrategy CEO Michael Saylor talked about Bitcoin on CNBC news telecast Wednesday amid crypto meltdown, explained why it is the best-performing asset compared to gold and other investments. He emphasized why he thinks that Bitcoin will out-perform other assets. Saylor claims Bitcoin is the ‘first and the only legitimate scarcity’ in the universe.  In August 2020, his

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Bitcoin Is 9th Most Valuable Asset in the World, Beats META
Multi-Billionaire Ricardo Salinas to Buy More Bitcoin Amid Crypto Crash

Multi-billionaire Ricardo Salinas Pliego is buying more Bitcoin despite the market crash. He stated that the crash was painful, yet he’ll regret not buying at this price. The current price of Bitcoin is at $22,381.46. Ricardo Salinas Pliego, the chairman and CEO of Salinas Group, shared to Twitter his views about the current Bitcoin crash. Noting that he’ll regret not buying more at Bitcoin’s current price. I’m not sure what hurts more the nose surgery or the #Bitcoin crash 😂😆. I do know that in a couple of days my breathing will be much better than before… About the bitcoin

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