Bitcoin

Are you feeling lucky? It turns out you don’t need to join a giant hash pool to profit from crypto mining. Over the past month, three small Bitcoin miners have individually won the race to mine Bitcoin’s next block. That means it rewarded each with a whole 6.25 Bitcoin for providing their proof-of-work. Beating the Odds Solo CK's pool administrator, Dr. Con Colivas, reported the most recent small miner win today. Using just 86TH/s of hash rate capacity over the…

While some market participants are panicking amid the recent crash, the most fervent HODLers buy the dip. For example, El Salvador’s president Nayib Bukele just announced a purchase of another 410 Bitcoin for $15 million. A Nation-State Buys The Dip Bukele announced his recent purchase in a tweet moments ago, faking out some of his followers. The president – known for trading the nation’s Bitcoin from his phone – last purchased Bitcoin in December. After bagging 21 Bitcoin for $1…

Crypto markets collapsed after a global sell-off in risk assets and as Russia's proposed a ban on all cryptos. Bitcoin fell 9% to $38,500, breaking key support at $40,000, as global markets saw a 1% decline. Other major cryptos fell as well. Ethereum dropped by almost 12% to $2,793. Binance's native coin BNB dropped 10%. Smart contract blockchain Cardano lost 13%, dropping to $1.19, while Solana dropped by 15%, to $117. Almost all the major cryptos were in the red,…

MicroStrategy remains fully committed to its macro-strategy of investing everything it can into Bitcoin. Company CEO Michael Saylor recently confirmed that the company would “never” sell its Bitcoin, even given the current state of the market. Though the asset has helped the institution profit tremendously overall, it is down on its 2021 positions. HODL Forever, Says Saylor The CEO affirmed his devotion to Bitcoin in a recent interview with Bloomberg. However, Saylor dismissed the thought when asked whether he was…

Bloomberg analyst cautioned investors not to bet against the Fed, as he sees markets dropping 10-20%. However, he also sees a silver lining for Bitcoin, but not for altcoins. On Tuesday, Mike McGlone, the Senior Commodity Strategist for Bloomberg, appeared on the Wolf of All Streets podcast. There, he cautioned both stock and crypto investors against risk bets. Namely, he believes that the Federal Reserve is serious about raising interest rates. Unfortunately, that's a move that will likely hurt risk…

Jack Dorsey's Block promised to be at the forefront of Bitcoin innovation. Now, they are starting to deliver. Cash App finally confirmed free and free and instant Bitcoin transfers anywhere in the world. Block (formerly Square) finally integrates the Lightning Network with its Cash App. A feature promised back in 2019 will soon be available to all U.S. users. Users will soon instantly send Bitcoin to any wallet that can accept Lightning Network payments. This includes wallets such as Chivo,…

Crypto-related job postings skyrocketed last year, following the strong performance of crypto markets. Texas and Florida emerged as new hubs for crypto jobs.  LinkedIn has reported an astonishing 395% growth of job postings related to crypto. A survey by Linkedin showed a sharp rise in job postings with terms like "cryptocurrency", "bitcoin", and "blockchain" in 2021. Moreover, the growth in crypto jobs outpaced the broader tech industry, which saw a 98% increase in listings. Most job postings were in finance…

Talks about Bitcoin in Brazil are commonplace, but concrete political action has now been taken to adopt it. Eduardo Paes – mayor of Brazilian city Rio de Janeiro – recently announced plans to invest 1% of the city’s treasury in Bitcoin. His city will join a list of other political jurisdictions making small allocations to the cryptocurrency, eyeing its long-term potential.  Rio Hops On Bitcoin Paes announced the city’s new plans in a presentation at Rio Innovation week in conversation…

Who said Bitcoin is bad for payments? The 6th edition of Visa’s Global Back to Business study found that nearly a quarter of small businesses plan to accept crypto transactions in 2022 – including Bitcoin. Rapid Crypto Adoption Incoming? According to the study, 82% of small and micro businesses (SMB’s) will accept some form of digital payment option this year. Meanwhile, 73% see getting new forms of payment as essential for growing their businesses. “Of those surveyed, 24% said they…