While many analysts are predicting a bitcoin (BTC) bull run, the options market sees a very low probability of the cryptocurrency hitting a new record high by December.The cryptocurrency is currently trading around $6,450 – down over 200 percent from the record high of $20,000 set in December...
As economists scramble to assess the devastating impact of the coronavirus, they’re homing in on an unexpected hero that’s mitigating the damage in the U.S.: remote working. With offices across the country closed and people stuck in their homes, many professional workers have accomplished a not-seamless but ultimately successful...
While bitcoin has climbed sharply from recent lows below $4,000, it's still on track to end March with a double-digit price loss. The top cryptocurrency by market value is currently trading near $6,440, representing nearly a 68 percent rise from the low of $3,867 registered on March 13....
Noelle Acheson is a veteran of company analysis and CoinDesk’s director of research. The opinions expressed in this article are the author’s own and are not investment advice.The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for...
Although China remains, by far, the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.According to Thomas Heller, business director of one of the world’s largest bitcoin mining operations, F2Pool, market dips have made it unprofitable for some bitcoin (BTC) miners with...
Microsoft has proposed a system that can mine cryptocurrencies using data collected from humans as they exercise or read an advertisement.In a patent application filed with the World Intellectual Property Organization (WIPO) Thursday, the American computer giant said sensors could detect activity associated with specific tasks – such...
Coronavirus might be the biggest story of the decade, but climate change will be the grand narrative of the century. As energy of any kind becomes of premium value to the planet, and the world’s transport systems come onto the electric grid, how will notoriously energy-hungry processes like bitcoin...
Riot Blockchain is worried that COVID-19 may “seriously disrupt” its bitcoin mining operations. The Nasdaq-listed rig builder revealed its concerns in its annual 10-K report with the Securities and Exchange Commission, filed Wednesday. Such reports always include a “general risks” section detailing worst-case business scenarios. This year, Riot added...
Officials in Missoula County, Montana, are considering turning a temporary measure for bitcoin mining operations – that offsets energy consumption with renewables – into a permanent fixture. The Missoula County Board of Commissioners voted unanimously Thursday to extend a measure to reduce the environmental effects of high-energy-consumption mining...
Officials in Missoula County, Montana, are considering turning a temporary measure for bitcoin mining operations – that offsets energy consumption with renewables – into a permanent fixture. The Missoula County Board of Commissioners voted unanimously Thursday to extend a measure to reduce the environmental effects of high-energy-consumption mining...