Bitcoin (BTC) starts a new week in the shadow of a new geopolitical conflict — what are the main hurdles that investors face? In what has become an unrecognizable macro-environment compared to even days ago, Bitcoin, like many other assets, is feeling the pressure. Russia’s invasion of and subsequent war against Ukraine is wreaking havoc on global markets, and developments can upend sentiment within hours or just minutes. The timing has hit Bitcoin, too — its “safe haven” quality is… Source link

The Russian currency plunged over 8% to 90 per U.S. dollar last week and extended the slide by another 28% early today, reaching a record low of 118 per dollar, according to Bloomberg data. Gold, U.S. treasuries, the U.S. dollar and the Swiss franc have been the beneficiaries of the flight to safety. Source link

The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17. Bitcoin Hashrate Drops From 249 Exahash per Second to 169 EH/S in 12 Days From January 13 to February 15, Bitcoin’s hashrate was coasting along at record highs for… Source link

Mining Litecoin (LTC) is a great way to put your computer to use and earn some income. The digital currency is one of the easiest cryptocurrencies to mine at home. It’s also less volatile than many other altcoins. Just about anyone can take a crack at mining cryptocurrency. To mine Litecoin, you need Litecoin mining hardware and the necessary software. This article will look at the best software and hardware for mining Litecoin. Best Litecoin Mining Hardware To profitably mine… Source link

After wicking down towards $2300, ETH turned short-term bullish as the uncertainty around the Russia – Ukraine conflict faded. Both crypto and global markets soared over the past few days. As of writing these lines, ETH is testing the key resistance level at $2800. Key Support levels: $2500, $2300. Key Resistance levels: $2800, $3000. ETH will look forward to breaking above the $2800 key level and turning it into support in the near term. If successful, ETH will likely… Source link

Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection. The pair had stayed broadly higher throughout the weekend, cutting traders some slack after… Source link

by Analytics Insight February 27, 2022 The recent launch of the Bitgert BRC20 blockchain is one of the major factors driving Bitgert price. The Ethereum price dropped by 15% during the recent market crash, which also made the likes of Bitcoin trade below $40k again in 2022. The plunge affected almost all cryptocurrencies, but some managed to not only withstand the market forces but boomed. Bitgert skyrocketed 60% in the past 7 days, a time when the entire cryptocurrency industry was… Source link

U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator Bullish on Bitcoin U.S. Senator Ted Cruz from Texas spoke favorably about bitcoin at the Conservative Political Action Conference (CPAC) Thursday. Launched in 1974, CPAC “is the largest and most… Source link

What happened This week has been a rather historic one, with the Russian invasion of Ukraine putting investors on edge. This invasion has impacts that span far beyond financial markets. However, looking at how cryptocurrencies reacted to this news, this asset class is clearly one that investors don’t feel comfortable holding through times of high uncertainty.  That said, Ethereum (CRYPTO:ETH) and two layer-2 Ethereum scaling networks Polkadot (

Meanwhile, Christoph, Simon, Buterin and the others hopped on Skype calls and created a few Skype groups with all the old faces — Karapetsas, Vitalik, Gavin [Wood], Aeron Buchanan, Péter Szilágyi, Christian Reitwießner, Alex Van de Sande, Taylor Gerring, Fabian Vogelsteller and so on. They tried to discern the method of attack to be able to counterattack and recover the coins. Source link