Bitcoin Miner Core Scientific close to bankruptcy

Oct 28, 2022

How would you feel if your Bitcoin stash plummeted from thousands to a measly 24 within half a year? Probably the same way American Bitcoin miner Core Scientific is feeling now: issuing a bankruptcy warning. Bitcoin mining is a cutthroat business.

What is a mining rig?

Oct 27, 2022

A mining rig is the assembled hardware you need to mine crypto. Bitcoin is the best-known example of a coin that comes into circulation through mining. Doge and Litecoin are also well-known coins in this list.

Chinese spies got tracked using Bitcoin

Oct 26, 2022

Many people still believe that Bitcoin transactions are anonymous and that nobody can intrude on your privacy and tell to whom you sent BTC or from where you are receiving the equivalent of digital cash. That is not correct. Bitcoins blockchain is a public and very transparent ledger that can be audited by anybody at any time. Bitcoins transparency is not a bug, but a feature! Because of this nature hiding behind Bitcoin isn’t exactly a sound idea. This has been proven time and time again, but for some reason, all the villains out there won’t listen. Who are the alleged Chinese spies and why did they choose to pay with Bitcoin?

Cash App lets users pay with Lightning

Oct 26, 2022

Cash App lets users in the United States pay other persons with Lightning, Bitcoin's layer 2-network for fast and cheap payments. It will allow 40 million users to get even more familiar with Bitcoin and Lightning: a nice win for adoption.

Hodlonaut wins trial, 'Faketoshi' licks wounds

Oct 20, 2022

A Norwegian judge has ruled that Hodlonaut has sufficiently proven that Craig Wright, who claims he is Satoshi Nakamoto, had lied and cheated in his attempts at proving his claim to fame. The Bitcoin community breathes a sigh of relief now that bully 'Faketoshi' has gotten a slap on the fingers.

Diamond hands: Tesla is holding onto the rest of its Bitcoin investment

Oct 20, 2022

There was a lot of disappointment when Tesla dropped Bitcoin as a payment option last year and even more so when it became clear that the company sold some of its Bitcoin holdings this summer. In the meantime, Elon Musk was busy promoting Dogecoin, buying Twitter, discussing freedom of speech, and promoting his own idea of a peace plan for Russia and Ukraine. How much BTC is Tesla still holding and will Bitcoin become more important in the next few years?

Bitcoin miners more sustainable but less profitable

Oct 20, 2022

The Bitcoin Mining Council (BMC), a voluntary organization of Bitcoin miners in the US, has released its third-quarter figures. The percentage of energy coming from renewable sources is estimated to be 59% globally. Meanwhile, the Bitcoin hashrate is rising and the price remains low, leaving Bitcoin miners struggling.

Some takeaways from Bitcoin Amsterdam 2022

Oct 18, 2022

For the first time since 2014, there was a Bitcoin conference in Amsterdam. From October 12 to 14, 2022, three thousand Bitcoin enthusiasts gathered at the grounds of the Westergasfabriek in Amsterdam-West. One of the important themes? The Lightning network.

Bitcoin miners in trouble: $750 million are on their way to save them

Oct 14, 2022

Bitcoin miners face dire times and consequences. Ever since Bitcoin dropped below $20.000 this year many of them start to face serious liquidity problems. The equipment, facilities, personnel, and energy costs are still demanding, and at the same time, they lost more than half of the revenue that they had at the beginning of this year. Some companies had to quit their operations while others raised more capital to continue. How are the miners doing, will they continue and who is going to come to their rescue?

What is Stacks?

Oct 11, 2022

Stacks is a layer-1 blockchain that makes the execution of smart contracts possible. Unlike well-known smart-contract blockchains like Ethereum or Solana, Stacks builds on top of Bitcoin. Even though they're separate blockchains, Stacks and Bitcoin work together.

MicroStrategy is betting big on the Lightning Network

Sep 30, 2022

MicroStrategy is holding the largest stake in Bitcoin of all companies in the world. While it was impressive that the company kept buying Bitcoin on a regular basis, it is almost not newsworthy to report that MicroStrategy continued and also bought more BTC this month. It seems that converting all of its cash into the hardest digital asset in the world is not enough. What is the Lightning Network, why is it important and what is MicroStrategy building on top of it?

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