The tiny Portuguese archipelago of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement, made during the Bitcoin 2022 conference in Miami, has spurned confusion and misinformation. Miguel Albuquerque, the president of the Regional Government of Madeira, hopped on the stage in April to announce: “I believe in the future, and I … Read more
Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community. During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s not scalable enough to accommodate millions … Read more
Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hash rate tapped an all-time high on May 13, at a block height of 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in market … Read more
There was a time when all cryptocurrencies traded versus Bitcoin (BTC). Speculators ventured into other coins when they saw guaranteeing tokenomics or good hype. Yet, Bitcoin was their negotiation coin of choice. Is this the end of Bitcoin maximalism? Most likely not. However, maybe, it’s time for a more realistic look. Points have altered. Stablecoins … Read more
Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tether wobbles as UST stays under $0.60 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it exited the range in which it had traded since the … Read more
The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has sent a harsh letter to the Central African Republic about its embrace of bitcoin and other cryptocurrencies. The Governor of the BEAC Abbas Mahamat Tolli writes to CAR Finance Minister Hervé Ndoba regarding the “considerable negative influence” that … Read more
Luna Foundation Guard has acquired an additional $1.5 billion of BTC, surpassing Tesla as the second largest corporate holder of BTC valued over $3 billion The World’s Largest Bitcoin Holder – The Luna Foundation Guard has acquired an additional $1.5 billion in BTC, putting it ahead of Tesla as the world’s second largest corporate holder … Read more
