Auto Added by WPeMatico

Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa

United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via…

Continue ReadingStrike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa

Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High

Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a…

Continue ReadingBitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High

Bitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty

Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto…

Continue ReadingBitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty

Bitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’

Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray…

Continue ReadingBitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’

Current Block Times and Estimates Suggest Bitcoin’s Mining Difficulty Is About to Catapult Much Higher

As bitcoin is coasting along under the $20K region, the network’s hashrate is still riding high at 250.04 exahash per second (EH/s) following the all-time high (ATH) the hashrate tapped…

Continue ReadingCurrent Block Times and Estimates Suggest Bitcoin’s Mining Difficulty Is About to Catapult Much Higher

Bitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Encryption Could Break

According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future…

Continue ReadingBitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Encryption Could Break

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022

This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the…

Continue ReadingBitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022

Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode

Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs.

Continue ReadingBitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode

Binance Reveals Incident That Forced It to Freeze BTC Withdrawals

In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that…

Continue ReadingBinance Reveals Incident That Forced It to Freeze BTC Withdrawals

Three-quarters of BTC addresses still in profit despite market decline: Glassnode

The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance”, and long-term holders are the most likely to be…

Continue ReadingThree-quarters of BTC addresses still in profit despite market decline: Glassnode