Auto Added by WPeMatico

Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits

While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the…

Continue ReadingBitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits

SBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’

Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF) recent New York Times (NYT) Dealbook Summit interview.…

Continue ReadingSBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’

Bitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB

The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is…

Continue ReadingBitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB

Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse

In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled…

Continue ReadingBitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse