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Bitcoin Stares at Another Big Plunge as Mining Difficulty Hints Dropping 10.25%

June 4th, 2020|

Bitcoin mining difficulty could drop by 10.25 percent on Thursday. It will be the most significant downward adjustment since “halving.” Historically, wild negative swings in Bitcoin’s mining difficulty has led to significant price drops. Bitcoin

Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share

June 2nd, 2020|

Bitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost market share. The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving

May 29th, 2020|

Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which

Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode

May 26th, 2020|

Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures

Iranian President Calls for Launching a Cryptocurrency Mining Strategy

May 23rd, 2020|

Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On