Who would have thought that a small country in the Caucasus Mountains could become one of the world’s leaders in cryptocurrency mining? Despite its small size and population, Georgia has become a popular spot for cryptocurrency mining thanks to its cheap electricity, the absence of legislative restrictions and attractive tax incentives. This combination of factors
Bitcoin News
Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Extreme fear” accompanies Bitcoin’s descent to $39,200 Data from Cointelegraph Markets Pro and TradingView followed a bearish BTC/USD after the pair touched $39,200 on Friday’s Wall Street open. Falling in line with stocks, Bitcoin now
On April 22, the layer two (L2) scaling network Polygon introduced the new Supernets network, a blockchain protocol that’s built to bolster Web3 technology. Furthermore, Polygon is pledging $100 million to early Supernet users “who can help fast-track adoption.” The announcement details that Supernets is essentially the team’s Polygon Edge network “on steroids.” Polygon Supernets
Things required to use a Bitcoin ATM There are a few things you’ll need to prepare before you can get started on using a Bitcoin ATM: A crypto wallet The first thing you’ll need before using a Bitcoin ATM is a crypto wallet. More specifically, you’ll need a Bitcoin wallet. A crypto wallet is an
Bitcoin (BTC) faced selling pressure at the Wall Street open on April 22 as markets began a rerun of April 21’s losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No let-up for stocks or crypto as losses mount Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following a grimly familiar course on April 22, hitting
Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account verification process. Elon Musk’s Twitter Improvement Priorities Elon Musk, the CEO of Tesla and
The cryptocurrency market is known for its high volatility and the wild-west nature of the space is, in part, due to many of the assets having small market caps and the 24/7 operational hours of centralized and decentralized exchanges (DEXs). In addition to being high risk, crypto trading can also be a very time-intensive process.
Bitcoin (BTC) and its stock market correlation are under fresh scrutiny amid a warning that the Dotcom Bubble is repeating itself in 2022. In a tweet on April 22, popular trader Peter Brandt highlighted similarities between the Nasdaq 100 (NDX) now and twenty years ago. “Deja vu all over again” Bitcoin has shown itself to
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading
April 22 is Earth Day and with environmental sustainability one of the key topics in the global debate surrounding Bitcoin mining, analysts say the industry has begun to naturally gravitate towards cleaner and cheaper energy sources. According to a January report by the Bitcoin Mining Council, by Q4 2021, the global Bitcoin mining industry ran
Sanctions are being imposed on cryptocurrency mining companies for the first time in history. The US Treasury Department announced that it is taking action against virtual currency mining companies across Russia. This information came out when IMF issued a statement saying, “the Kremlin may employ these activities to avoid compliance with international economic punishment.” In
Austrians have “sufficient funds” for more Bitcoin ATMs — hat’s the verdict that MediaMarkt, a German electronics retailer, reached following a successful Bitcoin ATM pilot in Austria. MediaMarkt will roll out Bitcoin (BTC) ATMs in 12 branches across the country, including Seiersberg and Klagenfurt. According to the Austrian newspaper Kleine Zeitung, the pilot project, which
Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale. The report noted at the time that the address “1P5ZED” shows all the tell-tale signs that it’s an exchange platform, but to this very day speculators still assume and
Elvira Nabiullina, governor of the Bank of Russia, has admitted that Russia’s central bank might have taken a bit too tough a stance on digital assets and should look to reconsider that. On Thursday, the Russian State Duma reappointed Nabiullina as Bank of Russia governor, marking the third time for her to take the post
Bitcoin halvings are important events that have taken place since the digital asset was first launched in 2009. Since then, there have been a total of three halvings that have seen block reward cut down by half each time. The next bitcoin halving will happen in 2024 which means that the market is halfway there.
Crypto investors from the United States realized crypto gains nearly six times higher in total than the UK, the second highest country in terms of realized gains. According to a report by Chainalysis, crypto investors in the US accrued a record $46.9 billion in realized gains throughout 2021, leading the rest of the world by