Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions.
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Michael Saylor snubs claims he doesn’t use Bitcoin Lightning Network
Saylor wanted to demonstrate just how well he can use Bitcoin’s layer-2 Lightning Network by hosting a meme competition.
Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break
A push higher for Bitcoin is likely to form the final fakeout before plumbing new multi-year lows, fresh analysis maintains.
Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break
Bitcoin (BTC) held $20,000 into Oct. 5 with trader targets still including a fresh high before rejection.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$21,000 upside target to precede new lows
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $20,470 on Bitstamp overnight before returning lower.
The pair succeeded in maintaining the 2017 old all-time high as support, something on-chain analytics resource Material Indicators had hoped would endure as a positive sign.
“BTC is still in a congested range,” it summarized in comments the day prior:
“The retest of technical resistance at the 50-Day MA was rejected. Now I want to see a retest of support at the 2017 Top. Bulls may be losing momentum, but placed a buy wall at $20k to hold price up.”
Nasdaq needs clear regulations to launch crypto exchange, says VP
Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs.
Nasdaq needs clear regulations to launch crypto exchange, says VP
Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs.
Crypto-friendly Ray Dalio steps back from Bridgewater’s $150 million fund
Dalio's views on cryptocurrencies have evolved throughout his tenure at Bridgewater Associates.
Crypto ATMs emerging as popular method for crypto scam payments: FBI
The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers.
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic
Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic.
Federal regulators are preparing to pass judgment on Ethereum
The Securities and Exchange Commission is moving to take action against Ethereum that reaches far beyond America’s borders.
DataVault requests US election agency's advice to send NFTs as a campaign fundraising incentive
The firm planned to market NFTs “in a manner akin to a campaign hat or souvenirs,” intending to have political committees offer them to high-volume low-dollar donors.
Coinbase CEO announces documentary on cryptocurrency and exchange
Armstrong said that the documentary will capture “the good, bad, and ugly” of building a tech start-up from the ground up.
CFTC can issue summons through Ooki DAO's help chat box, says judge
A federal judge said the court’s decision was based on the CFTC effectively serving the Ooki DAO by providing the necessary documents in its Sept. 22 lawsuit.
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins.
Bitcoin miner profitability under threat as hash rate hits new all-time high
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and uptick in difficulty are weighing on profit margins.
Bitcoin miner profitability under threat as hash rate hits new all-time high
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and uptick in difficulty are weighing on profit margins.
Bitcoin miner profitability under threat as hash rate hits new all-time high
The Bitcoin hash rate hit a new all-time high above 245 EH/s on Oct. 3, but at the same time, BTC miner profitability is near the lowest levels on record.
With prices in the low $20,000 range and the estimated network-wide cost of production at $12,140, Glassnode analysis suggests “that miners are somewhat on the cusp of acute income distress.”
Bitcoin network hash rate. Source: Hashrate IndexGenerally, difficulty, a measure of how “difficult” it is to mine a block, is a component of determining the production cost of mining Bitcoin. Higher difficulty means additional computing power is required to mine a new block.
Utilizing a Difficulty Regression Model, the data shows an R2 coefficient of 0.944 and the last time the model flashed signs of the miners' distress was during BTC’s flush out to $17,840. Currently, it hovers near $18,300, which is not far from the price range seen in the past two weeks.
Bitcoin: Difficulty regression model. Source: glassnodeThe hash rate hitting a new all-time high effectively means that miner margins will be further squeezed and outfits that are unprofitable can either mine at a loss, assuming that BTC’s future price will eventually make up for the cost difference, or they can unplug and wait until either the difficulty drops or energy costs improve.
European Parliament members vote in favor of crypto and blockchain tax policies
The resolution recommended authorities in the parliament's 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions.
European Parliament members vote in favor of crypto and blockchain tax policies
The resolution recommended authorities in the parliament's 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions.
If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the Credit Suisse situation and what impact it would have on the cryptocurrency market if it did collapse.