Bitcoin and Crypto News

Daily expert insights on cryptocurrencies, blockchain, NFTs and more

Solana pumped (and dumped) after Google announcement

Nov 07, 2022

Google Cloud announced that it is becoming a Solana validator and will set up dedicated hosting for Solana nodes. Solana pumped 15% to €39 on the news. But as the first excitement faded in the following day, and the crypto market as a whole slumped, SOL had to give back the gains. Nevertheless: good news for Solana, of course.

New Bitcoin mining software will give more power to small players

Nov 04, 2022

Bitcoin mining pools are great for distributing block rewards to solo miners who otherwise hardly stand a chance. But these pools pose a centralization risks: only five pools make up two thirds of the global hashrate. Since mid-October, there is an update to the way mining pools and miners can interact: Stratum V2. This will eventually put block production in the hands of miners.

Crypto regulation: EU delays vote on MiCA

Nov 04, 2022

Markets in Crypto-Assets are the proposed regulation for the EU. After a long debate and an even longer process of formulating the new rules, the EU is one step away from adopting a unified regulatory approach to cryptos. Many crypto proponents feared that this particular step could change crypto for the worse, but it seems that it will change it for the better. Why has the final vote on MiCA been delayed, and what can we expect from the regulation under its new regime?

Outrage: Hydro-Québec attempts to shut down Bitcoin miners

Nov 04, 2022

Bitcoin is under constant attack by its critics and their biggest talking point is the energy consumption of the network that is caused by the miners. Many Bitcoiners had high hopes that with the mining industry opting for green energy sources this debate would sooner or later become obsolete. It seems that selecting a fitting supplier isn’t enough. Why is Hydro-Québec looking to cut off Bitcoin miners from one of the biggest green energy supplies available in the world?

Russell Brand's rant against Central Bank Digital Currencies

Nov 04, 2022

"Good news everyone! The IMF, politicians and the private sector are all getting together to discuss Central Bank Digital Currencies (CBDC's). That means that we won't need cash no more and we can be monitored at all the time." That's how actor and podcaster Russell Brand kicks off on YouTube rant against what he considers a new government surveillance tool.

MATIC pumps after Instagram NFT news

Nov 03, 2022

In March of this year, we wondered which platform Instagram would choose to introduce its NFT market. Yesterday, the company made it public that Polygon (MATIC) is the chain of choice. It's not surprising that MATIC rose on the news. After a pump of 15%, it retraced a bit, following the general bad sentiment in crypto and stocks.

Miner crisis: When will the market consolidation end?

Nov 03, 2022

Mining companies came under heavy pressure this year. There are three main reasons why this is happening and two of them are part of the crypto market. The third however is an external reason that is brand new and we don’t have any data points from the past that could hint how this scenario is going to play out. With more companies facing bankruptcy some even fear that the mining industry could collapse just like the CeFi lenders did. Why are more companies getting wiped out and why is this not a problem for Bitcoin and proof of work?

Will we enter a decade of no returns?

Nov 03, 2022

Stanley Druckenmiller is a soft-spoken, elderly multi-billionaire investor. When he gives his opinion, financial advisors listen. As a macro investor, Druckenmiller doesn't day trade, but views things on a multi-year timeframe. It is his opinion that we might be in for a decade-long sideways market for stocks. But how about crypto?

It's that time of the month: we're all looking at the Fed

Nov 01, 2022

It's slightly exasperating that everyone in finance is looking forward again to 'that period of the month' where a bunch of American elders lock themselves in a room. In their endless wisdom, they will determine the price of money for the coming month. What effect will it have on our crypto prices?

El Salvador: Bukele’s Bitcoin trades are far less than transparent

Nov 01, 2022

Bitcoin is transparent. Its blockchain and the supply of BTC can be audited at any time and by any person. In fact, the ongoing validation of each new block can be considered already an audit of present and past transactions. This transparency is a feature that is unmatched and it has been working continuously for the last 13 years. Trading with Bitcoin on the other hand is not necessarily transparent and has brought up some issues in El Salvador more recently. How much Bitcoin was bought by El Salvador and why is transparency an issue when it comes down to Bukele’s trades?

Why the money printer will go brrr again

Oct 31, 2022

In a recent piece, macro analyst Raoul Pal explains how trapped the traditional financial system is and that it is inevitable that the money printer will be turned on again... and asset prices - including crypto - will go up again. According to him, it's when, not if.

1
...
2728293031
...
75

Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.

App Store
Google Play Store
  • 2525 Ventures B.V.
  • 3014 DA Rotterdam
  • The Netherlands
More info
  • About LiteBit
  • Support
  • Sell
  • News
  • Education
Legal stuff
Subscribe for updates

Sign up to stay informed via our email updates

Subscribe
Explore popular coins
© 2023 LiteBit - All rights reserved