The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC).  A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network. He won the S9 miner in a raffle at a mid-Michigan Bitcoin meetup and immediately set about learning how to use it. Blake has consistently shown up to every

Proof of work (PoW) is a way that transactions on a blockchain network are validated and verified. To validate transactions and add a new block to the blockchain, PoW miners compete with one another to solve challenging mathematical problems. The first miner to complete the problem receives a specified amount of cryptocurrency tokens as payment. Cryptocurrencies that use PoW include Bitcoin (BTC) and Dogecoin (DOGE). The other popular… Source link

Bitcoin (BTC) and Ethereum (ETH) are leading the weekly gains among the ten largest cryptocurrencies by market cap as their prices soared 11.2% and 9.7%, respectively. At the time of writing, Bitcoin was changing hands at $20,981, up 1% over the day, with Ethereum trading at $1,551, up 2% in the past 24 hours, data from CoinGecko shows. These are by far the best results among the market’s largest crypto assets, with the sixth-placed XRP gaining 5% over the past week, followed by Polygon… Source link

Bitcoin slipped below US$21,000 in Friday afternoon trade in Asia while prices of other top 10 non-stablecoin cryptocurrencies were mixed. See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap? Fast facts Bitcoin, the largest cryptocurrency by market capitalization, edged just below US$21,000 but remained up more than half a per cent at 4 p.m. in Hong Kong on Friday, according to CoinMarketCap data. It gained 0.64% to… Source link

Signs that a global economic slowdown is coming are everywhere these days. In mid-January, the World Bank warned that one will likely occur this year, led by weaker growth in the U.S., Europe, and China. As such, the threat of a recession should be top-of-mind for anyone thinking about investing in crypto this year. Although it might not be possible to recession-proof your crypto portfolio, there are steps that you can take to make it more resilient. Investing in Ethereum (ETH 1.67%) could… Source link

Tel-Aviv, Israel –News Direct– SSV.Network ssv.network DAO is launching a $50 Million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. To usher in the next wave of Ethereum staking technologies, a host of Staking companies and VCs from the crypto space – including the likes of DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One, SevenX, 1kx, and more – have joined forces to help advance the next generation of… Source link

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 21.7% from Jan. 11 to Jan. 18, trading at US$21,212 at 2 p.m. on Wednesday in Hong Kong. Ether gained 18% in the same timeframe, changing hands at US$1,576. UN8g7 WfPkQOfwaYMO1Xv1 umFQny2JRIr11eJFkJ64oI8yYXjTDD01HntCdZDG1UuCWHu5lUnK 123V8AwCgXEzzBmUoEDhzTDNAyXZOi1HNGLUiGfLC4c4XZDhpU1RWDbI Ni09RWdzVBvTtNDFUluOOD9exJJdzBA With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its… Source link

In its filing, Genesis Global Capital, the partner firm to Gemini’s defunct Earn program, estimated more than 100,000 creditors and between $1 billion and $10 billion in liabilities, as well as assets. The two other entities estimated their assets and liabilities in the $100 million and $500 million range, respectively. Source link

Ether followed a similar trajectory, falling early before landing in the green. The second largest crypto in market value was recently changing hands above $1,550, a 1.9% gain from Wednesday, same time. Other major cryptos also pointed largely upward with CRO, the token of exchange Crypto.com, jumping more than 4%, and ATOM, the native crypto of decentralized network Cosmos rising over 3%. The CoinDesk Market Index (CDI), an index measuring cryptos’ performance, recently increased by 2%. Source link

Litecoin ($LTC), a cryptocurrency that’s often referred to as the silver to Bitcoin’s gold, has recently seen its hashrate hit a new all-time high, at a time in which its price keeps surging ahead of its upcoming halving event. According to data from CryptoCompare, Litecoin’s hashrate has recently hit a new all-time high of around 680 TH/s. Litecoin uses a Proof-of-Work (PoW) consensus algorithm, just like BTC. The system sees miners compete to… Source link