Privacy coins are often hailed by their supporters as the only way to have true freedom in the digital age. Unfortunately, privacy coins have not become popular with the general public. This article will cover some of the reasons that privacy coins have failed to catch on with the general public and even most of the cryptocurrency-focused public.  People Don’t Care About Privacy That Much The first, and in our opinion, the biggest reason that privacy coins have not become popular is… Source link

The value of the largest smart contracts platform, Ethereum continues to gain strength against the US dollar, especially with its recent move above $1,600. Recovery is expected to continue after the Federal Open Market Committee (FOMC) meeting and decision on the interest rate hike in two days. Experts say that cryptos may generally retreat before then, thus shaking out weak hangs before carrying on with the bullish move aiming for… Source link

It’s just gotten even harder to mine Bitcoin. Bitcoin’s mining difficulty has hit a new all-time high, rising roughly 4.68% from 37.59 trillion on Sunday to 39.35 trillion at the time of writing. Mining difficulty is the figure representing the computational power required to mine a single BTC. It’s updated roughly every two weeks, getting more difficult as more miners enter the network and easier when they leave. Bitcoin mining difficulty over the past month. Source: CoinWarz. Mining… Source link

China is one of the most crypto and Bitcoin-hostile countries on earth. Back in 2017, the People’s Bank of China (PBOC) banned the operation of exchanges in China. In May 2021, Chinese authorities ordered a ban on Bitcoin mining. At the end of September 2021, the Chinese central bank banned all crypto transactions. Nevertheless, the controversial founder of Tron, Justin Sun, believes that China could soon celebrate a crypto comeback. In a Twitter thread, Sun wrote that China has taken a… Source link

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bitcoin (BTC-USD) withdrew from a weekend high of close to $24,000, falling into the mid $23,000 zone as crypto investors cautiously await this week’s US Federal Reserve interest rate meeting. Weekend buying pressure saw the crypto market turn optimistic ahead of Tuesday and Wednesday’s meetings of the Federal Open Market… Source link

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bitcoin (BTC-USD) withdrew from a weekend high of close to $24,000, falling into the mid $23,000 zone as crypto investors cautiously await this week’s US Federal Reserve interest rate meeting. Weekend buying pressure saw the crypto market turn optimistic ahead of Tuesday and Wednesday’s meetings of the Federal Open Market… Source link

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bitcoin (BTC-USD) withdrew from a weekend high of close to $24,000, falling into the mid $23,000 zone as crypto investors cautiously await this week’s US Federal Reserve interest rate meeting. Weekend buying pressure saw the crypto market turn optimistic ahead of Tuesday and Wednesday’s meetings of the Federal Open Market… Source link

Bitcoin (BTC) use in Guatemala is on the up. The Latin American country that borders El Salvador boasts Guatemalan-grown Bitcoin companies such as Ibex and Osmo, several Bitcoin Beach-inspired projects including Bitcoin Lake, and now, free BTC tattoos. A Bitcoin merchant adoption competition hosted by Osmo Wallet in 2022, a Guatemala-based Bitcoin company, led to the free ink promotion. Cointelegraph spoke to Piero Coen, the co-founder of Osmo Wallet, and Steven Marroquin, the owner of… Source link

An analyst closely followed in the crypto space says that one altcoin operating on the Ethereum (ETH) blockchain is ready to run, and has updates on three other digital assets. Michaël van de Poppe tells his 647,000 Twitter followers that Ethereum scaling solution Polygon (MATIC) is likely presenting an opportunity for a 60% gain if it provides the right entry at around $1. “This looks ready to break upwards significantly. Would be interested in buying around $1 for a retest… Source link

As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023. On Dec. 28, 2022, Bitcoin mining revenue dipped to $13.6 million for the first time since October 2020. This, coupled with rising energy prices amid geopolitical tensions, imposed tremendous financial… Source link