BTC

Bitcoin-Recovery-Streak-Falters-at-50-Day-Moving-Average
Bitcoin Recovery Streak Falters at 50-Day Moving Average

Bitcoin’s initial price recovery seems to have hit a snag.  The BTC price fell after failing to retake the 50 day moving average.  Presently, the price of Bitcoin (BTC) is staggering closer to below $21,000. It seems the crypto sector popped their champagne bottles a little too early last week, at least, it seems so according to Lark Davis. The popular crypto investor and trader highlighted Bitcoin’s (BTC) feeble attempt at recovery on Twitter.   As we can see from the tweet above, Lark Davis mentions how the recent surge in the price of Bitcoin (BTC) is already falling. Indeed, it

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Bitcoins-lightning-network-continues-to-show-some-resilient-growth
Lightning Network Rise in Capacity Amid Bear Takeover

The lightning network continues to accelerate amid the ongoing crypto downtrends. The average channel size is now 0.088 BTC or $3,290. The network will be needed to grow faster to attain its mainstream objective. The constant growth of the Bitcoin Lightning Network (LN) continues to accelerate after attaining another milestone undeterred by the ongoing crypto bear market. In particular, the Lightning Network’s total capacity in public channels has hit 4,290 Bitcoin, an increase of 34.6% and +1,102 BTC after Bitcoin’s price recorded the last all-time high of almost $68,000 in November last year. As of writing, the 4,290 BTC stored

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Bitcoin Is 9th Most Valuable Asset in the World, Beats META
BTC Investor: BTC will ‘Kept on Keeping’ on amid Tesla Sell-Off

Tesla sold 75% of its Bitcoin holdings earlier this week. The move from Tesla and its CEO Elon Musk was reportedly rumored as a market manipulation strategy. Bitcoin investor Lark Davis said Bitcoin would keep moving forward amid the sell-off. Earlier this week, Tesla sold 75% of its Bitcoin (BTC) holding even though the market is gaining a slight recovery. Twitter even called its CEO, Elon Musk, a boomer after it sold a big chunk of its holdings. Nowadays, big investors of Bitcoin who sold their BTC holdings are being criticized by people through social media. These groups of people

2 mins read
Bitcoin’s-Philosophy-Tainted-by-Donating-to-Political-Campaigns
Bitcoin’s Philosophy Tainted by Donating to Political Campaigns 

California allows Bitcoin (BTC) donations for political campaigns.  The crypto community urges one another to donate USDT instead of Bitcoin (BTC).  They believe spending Bitcoin (BTC) on political campaigns is against Bitcoin’s vision. The United States of America (USA) keeps astounding the crypto community with constant exciting news. The latest of these announcements comes from the state of California. From henceforth, political campaigns in the state of California can receive Bitcoin (BTC) in the form of donations.  This is indeed very exciting news, as the state had banned political donations in Bitcoin (BTC) back in 2018. More so, the crypto

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Bitcoin Network has transferred $17.78T in 2022 already
Bitcoin Network has transferred $17.78T in 2022 already

Bitcoin Network has transferred $17.78T in 2022 already.  It is likely that this trend will continue in the future. The coin has seen a slight downtrend over the past few days It is clear that the Bitcoin network has seen a huge amount of growth in recent years, with more and more people using the crypto pair. This trend looks set to continue in the future, as Bitcoin becomes more and more popular. With this increased popularity comes an increased demand for Bitcoin, which could lead to even more growth for the Bitcoin network. It will be interesting to see

2 mins read
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

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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

2 mins read
Andorra-has-approved-regulatory-framework-for-Bitcoin
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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