Cryptocurrency News

The legend of Satoshi Nakamoto, the anonymous bitcoin founder, is a mystery built for the digital age. His true identity has become mythologized, and while no one knows who he is, he’s become a symbol of a new era of freedom in finance and technology. The heat is now on an Australian scientist, who has claimed for years to be the enigmatic founder.

The U.S. Energy Information Administration (EIA) estimates Bitcoin mining uses about 170 TWh of electricity per year, or about 0.6% to 2.3% of annual American electricity consumption. The aggregate market cap of 14 publicly traded U.S. mining companies totals about $20 billion, according to an April report by JPMorgan Chase.

he second annual Bitcoin Policy Summit by the Bitcoin Policy Institute begins today in Washington, DC and features leading bipartisan lawmakers, Bitcoin experts and human rights advocates.

Does the world of cryptocurrency mining fascinate you? If so, you’re in the right place. This blog post is all about five down-to-earth techniques to optimize your crypto mining, without the technical jargon. Believe it or not, with the right approach, you can increase your crypto mining efficiency and potentially boost your profits.

In the ever-evolving world of cryptocurrency, EigenLayer emerges as a groundbreaking innovation, heralding a new era in cryptoeconomic security. This protocol, built on Ethereum, is set to redefine how ETH is utilized across multiple protocols, introducing the concept of restaking and Liquid Staking Tokens (LSTs).

Mining Bitcoin is a great way to get involved in the world of cryptocurrency. With the right knowledge and some confidence, you can set up your own mining rig in no time. To get started, you’ll need to understand the basics of cryptocurrency and the associated technologies. Here is a complete guide to crypto mining.

ASIC miners are built with chips that are designed to focus on one particular type of process. This allows them to be extremely powerful and efficient at mining cryptocurrency compared to regular computer components. Moreover, ASIC rigs are the most popular choice among miners because they can be set up easily and are cost effective in the long run.

Check up-to-date prices for various cryptocurrencies. If you’re looking for up-to-date prices for various cryptocurrencies, we recommend checking out this website. It provides comprehensive analysis and data on the top cryptocurrencies giving you an insight into the current market trends.

Crypto markets are going through a major crash. Bitcoin has fallen below $33,000 for the first time in 12 months. Investors may now be looking for a piece of the crypto market in hopes this marks a temporary downturn rather than a long-term bear market.

What is the Kadena KDA-based ASIC miner KD6? The Goldshell KD6 is a powerful new hashpower solution that can deliver 26.3 Th/s of Kadena hashrate at optimal conditions. It’s also very efficient in terms of watts per gigahash and power cost, making it the top ranked profitability product of 2022.

This is a ground-breaking report that highlights Australia’s concerted attempts to position itself at the forefront of global cryptocurrency investment. Senator Andrew Bragg, the committee’s chair, feels that “Australia can be a leader in digital assets” and is confident that it can particularly “be competitive with Singapore, the UK and the US.”

After minutes from the Federal Reserve’s December FOMC meeting revealed that the regulator is dedicated to reducing its balance sheet and hiking interest rates in 2022, Bitcoin (BTC) and the wider cryptocurrency market plummeted as stock markets pulled back at the closing bell.

Billionaire Barry Sternlicht, chairman of Starwood Capital Group, has given his thoughts on how bitcoin could grow to be worth a million dollars per coin. In a world where the government continues to print money, he calls cryptocurrencies a “smart” hedge.

As the year draws to a close, the value of digital currencies has skyrocketed, resulting in a windfall for crypto asset miners. According to data, the most profitable coin to mine at the end of November is Kadena, which can earn up to $326 per day with an 18 terahash (TH/s) machine. Scrypt coins rank second where miners can earn up to $110 per day, and Ethash miners can make up to $105 per day.

After buying the up-and-coming currencies on a whim while drunk with his friends four years ago, a Sydney man has made a whooping $50K from crypto. Since investing roughly $12,000 in the then-experimental currency, Josh Ng, 24, has made five times his money.

The market value of the meme cryptocurrency Shiba Inu (SHIB) has surpassed that of dogecoin thanks to a sharp rise in its price. SHIB ranked higher than dogecoin at the end of October as well as USDC, the CENTRE consortium’s stablecoin.

Edward Snowden, a former NSA contractor turned whistleblower said, the primary goal of CBDC is to deny people basic ownership of their money. He noted in a tweet that the CBDC will put the state at the centre of every transaction, which is in direct opposition to the virtual currency’s primary ideas and restrictions.

During an interview with local media, Aureo Ribeiro, a federal deputy in Brazil, specified that Bitcoin (BTC) might become a recognised payment method in Brazil in the near future. Brazilians may soon be able to buy automobiles, house, and even fast food at McDonald’s with bitcoin, according to the government politician.

Visa, the world’s largest payments company, has taken a step closer realising its vision for central bank digital currencies (CBDCs). It has created a concept that demonstrates how several CBDCs can work together to make payments.

Twitter Inc. announced that users would be able to tip authors on the social network using Bitcoin, as well as other traditional fiat-based ways. Twitter has also stated that NFT authentication will be supported. Twitter CEO Jack Dorsey sold his first-ever tweet as an NFT earlier this year and donated the $2.9 million proceeds to charity.

The Ethereum network and its participants finally completed the long-awaited London upgrade on August 5, 2021, which included the adoption of Ethereum Improvement Proposal (EIP)-1559. Since then, a total of 303,681 ether worth almost a billion dollars has been burned.

According to the new report from Bloomberg Crypto Outlook September edition, analyst Mike McGlone predict $100,000 for Bitcoin (BTC) and $5,000 for Ether (ETH). Both digital assets on the “path of least resistance” after they survived a more than 50% correction through the summer.

The Dogecoin Foundation, which was created in 2014 with the goal of supporting the cryptocurrency with advocacy and trademark protection, has since been inactive. The group is now seeking three years of funding in order to hire a full-time team and work on Dogecoin full-time.

Facebook executive David Marcus says the Novi wallet will offer inexpensive and accessible digital payments. NHe said Novi might assist in resolving issues with the world’s expensive and slow payment systems.

Ethereum was first introduced in 2014 and has steadily developed to become the most popular coin for mining using AMD and Nvidia GPUs. It became the most popular cryptocurrency for GPU mining. If you don’t know what to mine and decide on ETH, you’ve made a decent and safe selection given the present market conditions.

When you’re new to mining or haven’t tested many pools, you have a lot of questions. What is the best pool? Which of the pools should I pick? Which pool comes highly recommended?