Bitcoin's network difficulty adjusted downwards today, making older mining machines profitable once again, while Tokensoft distributed $4 million in tokenized equity to investors and technology firms are calling upon the Department of Defense to invest in the blockchain arms race. Here's the story:You're reading Blockchain Bites, the daily roundup...
Bitcoin’s option market continues to grow, signaling an increased influx of sophisticated traders and institutions into the crypto space.Open interest (or open positions) in options listed on the Panama-based Deribit exchange jumped to a record high of $1 billion Tuesday, according to the data provided by the crypto derivatives...
Bitcoin's mining "difficulty" has undergone its first adjustment since last week's halving, dropping the figure by 6%.Mining difficulty is part of an automatic procedure that takes place on the Bitcoin blockchain every 2,016 data blocks, or roughly every two weeks. The mechanism is supposed to help keep the blockchain network humming along steadily: When...
Demand for bitcoin is still surging across Africa, regardless of the broader economic crisis, according to peer-to-peer exchange data from Paxful and LocalBitcoins. However, there is no single “African” crypto narrative, as users in jurisdictions across the continent use the technology for vastly different circumstances. Starting Friday, Amazon Prime will...
The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week's halving hammered their profits.More than 20 exahashes per second (EH/s) of computing power – the equivalent of around 1.5 million older-generation mining machines – has been switched off from Bitcoin since...
While bitcoin (BTC) is often discussed as the cryptocurrency best suited for turbulent times, the price of ether (ETH), the second-largest digital asset by market capitalization, has been substantially outperforming bitcoin since the start of 2020. But ether has much different technical dynamics to consider than bitcoin.As of 20:00...
Bitcoin has witnessed triple-digit percentage gains over the past two months. Yet, one metric has turned quite bullish after the recent halving event, showing signs the cryptocurrency remains undervalued and still has room to run. The largest cryptocurrency by market capitalization is trading near $9,700 at press time, up...
The Iranian government just made conduits to cryptocurrency markets riskier, and more confusing, than ever before. According to Iranian news outlet ArzDigital, the parliament published a proposal this week to include cryptocurrency in existing “currency smuggling” and foreign currency exchange regulations. The result of this prospective regulation is Iranian...
Today, BlockFi disclosed a SIM-swapping attack that revealed personal information related to a large swath of the firm's clients. While customer funds are secure, BlockFi said, their names and addresses were compromised along with their activity histories. This security breach comes on the heels of a cryptojacking exploit...
CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup.Much ink has been spilled on the question of Bitcoin’s energy footprint. But amid the clarifying details and the energy mix...