China was the biggest miner of Bitcoin until authorities there effectively banned the practice. Now, the US has claimed China’s Bitcoin mining crown. By William MathisBloomberg The U.S. has become the world’s epicenter for Bitcoin mining after a crackdown in China effectively eliminated the practice in the former cradle of the industry. At the end of August, America accounted for 35.4% of the global hash rate, a measure of computing power used to extract the digital currency, according to… Source link

The ‘man who broke the Bank of England’ finally likes Bitcoin — here are 3 easy ways to hop on Bitcoin is rallying again, and this time it’s in large part to billionaire financier George Soros’ endorsement. Dawn Fitzpatrick, CEO and chief executive officer of Soros Fund Management, told Bloomberg last week that Soros’ family office owns “some coins, but not a lot.” The news sent the price of Bitcoin up nearly 10% to around $55,000. Known as “the man who broke the Bank of England,”… Source link

Today the token is trading at $3.85 lower compared to yesterday. In the morning there was a jump of 2% to $ 282.9. However, over the next two hours, it fell sharply by 4.4%. The current price is $274.3. About the latest news. The relevant authorities arrested a US Navy nuclear engineer for intent and attempt to sell secret military documents in exchange for $ 1,000 worth of Monero (XMR). According to sources, he planned to sell information about the construction of nuclear submarines of… Source link

Bitcoin (BTC) was back at $57,000 on Oct. 13 as a classic move left hopeful traders liquidated to the tune of $200 million. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees parallels to August price action Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $57,250 on Bitstamp, up almost $3,000 in under three hours. Reminiscent of multiple surges over the past week, Bitcoin thus gained 5.5% on the day, lining up a rematch of five-month… Source link

Litecoin is undeniably one of the oldest coins in the crypto-space. However, with the emergence of newer coins, this “blue-chip” crypto has been losing its relevance. The coin that once used to stand right next to Bitcoin has been struggling to cling on to its 15th position of late. Nevertheless, Litecoin managed to script history recently, by outpacing Ethereum on a particular front. Litecoin flipping Ethereum? As per data from Santiment, Litecoin just flipped the largest alt in terms… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading more than 4.3% lower Wednesday morning. After hitting $57,000 on Tuesday, Bitcoin was trading at around $54,750 per coin, while rivals Ethereum and Dogecoin were trading around $3,445 (-1%) and 22.3 (-0.58%) cents per coin, respectively, according to Coindesk. A Mississippi Baptist church has become the first Southern Baptist church to accept cryptocurrencies for donations and tithes.  MISSISSIPPI SOUTHERN BAPTIST CHURCH… Source link

Today is the day, Litecoin’s 10th anniversary. Congratulations to Charlie Lee and everyone involved in the project over the years. To celebrate, we are exploring Litecoin’s history through the eyes of its creator. We covered its fair launch, the long-hard road to exchanges adopting LTC, and we introduced the SegWit story. It’s time to finish it. The last time, we introduced Bitmain’s co-founder Jihan Wu. Reportedly, he was singlehandedly stopping SegWit adoption in the Bitcoin… Source link

The US overtook China as the world’s biggest source of bitcoin mining two months after Beijing banned crypto mining this year, new data have revealed. China’s share of the global hashrate — the computational power required to create bitcoin — fell from 44 per cent to zero between May and July, showed figures published by the Cambridge Centre for Alternative Finance on Wednesday. The country accounted for three-quarters of the global hashrate in 2019. The US share of the global… Source link

Bitcoin (BTC) saw a widely anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts unfazed by BTC’s price pullback Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp. After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction apparent in the short term. For analysts,… Source link

Ethereum Ethereum fell by 1.46% on Tuesday. Partially reversing a 3.74% gain from Monday, Ethereum ended the day at $3,490.61. A mixed start to the day saw Ethereum slide to a mid-day intraday low $3,403.51 before making a move. Finding support at the first major support level at $3,402, Ethereum rallied to an early afternoon intraday high $3,549.00. Falling short of the first major resistance level at $3,654, however, Ethereum fell back to sub-$3,500 levels and into the red. At the time of… Source link