Tag Archives: Bitcoin (BTC)

Bitcoin Is Not a Strong Competitor Against Gold

Bitcoin

Bitcoin provides great protection against inflation. Ray Dalio, founder of Bridgewater Associates, emphasized that the potential of digital assets, especially Bitcoin, is impressive. Bitcoin Still Has Some Problems The American investor also noted that Bitcoin’s limited supply makes it similar to other universally accepted inflation hedges like gold. Many countries …

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Bitcoin Mining Difficulty Hits Record Level

Another Bitcoin bloodbath

Bitcoin mining difficulty was readjusted to a lifetime high of 29.79 trillion while its hash rate also notched an ATH. Bitcoin’s mining difficulty has reached 29.79 trillion. Bitcoin approached $ 39 thousand and sellers stepped in. mining difficulty is at the highest level. Bitcoin mining difficulty increased 30% in one …

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American Investors Led in Realized Crypto Gains in 2021

India

Emerging markets continued to hold their assets against inflation in 2021, according to Chainalysis’ latest report. In 2021, Ethereum and BTC hit their highest level in history and attracted incredible institutional investment. For the full year, investors worldwide made a total of $162.7 billion in profits in cryptocurrencies. This figure …

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MicroStrategy CEO, Michael Saylor warns the EU against banning Bitcoin

Microstrategy Ceo

 Chief executive officer of business intelligence firm MicroStrategy, Micheal Saylor, has given his insights on the most recent version of the European Union cryptocurrency bill, which aims at limiting the use of proof-of-work consensus mechanism. Micheal Saylor further describes the initiative as “a trillion-dollar mistake,” which triggered other prospective members …

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El Salvador set for influx of 1,000 Bitcoin ATMs

bitcoin

El Salvador will receive delivery of 1,000 Bitcoin ATMs in the coming months according to reports by the Cable News Network (CNN). Cryptocurrency ATMs distributor, Athena Bitcoin, is expected to supply the machines. Athena Bitcoin manages a reasonably large network of crypto-supported Automated Teller Machines (ATMs) across America, North America, …

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