Bitcoin News and Information Today

How sustainable was Bitcoin mining industry in Q2 2022?

Jul 24, 2022

Each quarter, the Bitcoin Mining Council (BMC) releases survey data on the state of the global BTC mining industry. The most recent report shows that the estimated energy mix of mining comes 59% from renewable sources.

Desperate for cash: Tesla sold most of its Bitcoin stash

Jul 21, 2022

Elon Musk is the “Dogefather” and caused more than one controversy within the last two years. Some people blame him for single-handedly pumping the market on several occasions while others are thankful that the richest man on earth blessed their bags. His impact on price movements is still up for debate but the most recent move of Tesla caught the attention of the Bitcoin community. Why has Tesla sold a large stack of its BTC and why is this not as negative as it sounds.

Bitcoin as insurance against fiat failure

Jul 20, 2022

As Bitcoin simply carries on doing its thing - tick tock, another block - we humans keep trying to figure out what it actually IS. Is it the purest form of monetary energy, as Michael Saylor would have it? Is it the future of money? Or is it, in the view of Greg Foss, an insurance against the bankruptcy of governments? Let's focus on the latter view.

Too hot for Bitcoin – Why Texas miners are shutting down

Jul 18, 2022

A Bitcoin miner’s business usually depends on two things: electricity and ASICs. But there is more that has to be taken into the equation to run a successful mining venture. One thing is the local climate because the equipment will only work within certain limits regarding humidity or temperature. Of course, some of the effects of a harsh climate can be lessened by installing additional cooling or taking other measures that reduce the impact on the operations.

Pay me in Bitcoin: New York Yankees getting orange pilled

Jul 15, 2022

Last year pay me in Bitcoin became a trending topic on social media since more celebrities rallied behind BTC and demanded getting paid directly in BTC. Even the mayor of New York vouched to covert part of his paycheck into Bitcoin. One could argue that those decisions made last year were driven by the hype around Bitcoin during the bull market. Yesterday the New York Yankees announced that the team is opting for Bitcoin despite the bear market. It seems that the most successful baseball team in the world is getting orange pilled.

Federal Reserve Bank of Cleveland researched the Lightning Network

Jul 14, 2022

The Lightning Network is Bitcoin’s big hope and the solution to the biggest problem that each blockchain has to face which is decentralized and built with security in mind. It doesn’t scale very well. The more people like to use it and transact at the same time, the more expensive it becomes. Transactions are also slower since they have to wait in line until they are confirmed. Recently, the Federal Reserve Bank of Cleveland published a paper on the Lightning Network and its impact.

Switzerland: PostFinance will adopt Bitcoin until 2024

Jul 13, 2022

Bitcoin and other cryptos came under heavy pressure due to the Fed’s decision to fight inflation by raising the interest rates. Another factor that weighs heavy on the market is the CeFi lending crisis that created even more turmoil and even forced some companies into bankruptcy or brought them close to it. But despite these harsh market conditions, the Swiss post office is embracing Bitcoin and other cryptocurrencies. Why is PostFinance adopting Bitcoin and what will they offer to their customers?

Will 137.000 Mt. Gox Bitcoin dump the price?

Jul 11, 2022

For years it has been talked about: will the victims of the 2014 hack of Bitcoin exchange Mt. Gox finally get their Bitcoin back? The lawsuits have been dragging on and on. But now it seems that it will happen soon. What will it mean for the price of Bitcoin when all that BTC is released?

Latest rumours: Are the Saudis betting big on Bitcoin?

Jul 08, 2022

The web is complicated. Sometimes somebody makes something up and after a few minutes, nobody can tell whether it is the truth or just a nice story. There is a meme passing through the crypto community on social media and it basically implies that the Saudis are going to invest big money into Bitcoin. Other monarchies from the Middle East could follow and before you can say “magic internet money” BTC could reach a price target of 160.000 US-Dollars.

What determines the Bitcoin price?

Jul 06, 2022

The value of a fiat currency is usually defined by a central bank. This is the case for the Euro as well as for the US-Dollar. With Bitcoin, things are different since there is no centralized entity that is regulating its monetary policy. Everything is determined by Bitcoins protocol. There are also very simple but effective external factors in play when it comes down to determining the price for a single Bitcoin.

Nic Carter gets back at Bitcoin maximalists

Jul 06, 2022

When prominent Bitcoiner Nic Carter tweeted a few thoughts about future-proofing Bitcoin, he got the expulsed from the Bitcoin maximalist crowd. It shows how bad the mood is right now and how irreconcilable the "Bitcoin maximalists" are. Is this hostility a feature or a bug? According to Nic Carter it is the latter: 'The moral basis of these people is cartoonish'.

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