Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies.  The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see that the hashrate holding well above summer 2022 lows, despite the aftermath of FTX collapse. Bitcoin… Source link

Monero Classic (XMC) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has added 3.91% to $0.3709698689. InvestorsObserver is giving Monero Classic a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero Classic! Highly Volatile InvestorsObserver gives Monero Classic a high volatility rank of 97, placing it in the top 3% of cryptos on the market. The… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Litecoin halving news: The crypto market recovery in the last few weeks came as a relief for altcoins as well. The price recovery not only led to capital infusion to the market, it also helps new investors to join the market. Also, the crypto price rally could not have come at a better time for some cryptocurrencies that are about to make technical progress. The much awaited Litecoin (LTC) halving event is scheduled for August 3, 2023. Also Read: Here’s Proof Of Crypto Market… Source link

The Litecoin price has shown bullish sentiment over the past week once it bounced off the $81 resistance zone. Over the last 24 hours, the altcoin jumped by 2%, and in the past week, the LTC price gained close to 6%. As Bitcoin continues to trot upwards and is now eyeing the $23,000 price mark, other altcoins have reflected the same price sentiments. The technical outlook of the Litecoin price has depicted that accumulation shot past the overbought region just when Litecoin breached the $81… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ethereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers. Buterin detailed that stealth addresses can be implemented fairly quickly today on Ethereum and would significantly boost user privacy on the blockchain network. Buterin Suggests Stealth Addresses as a Solution to the Privacy Challenges in Ethereum Ecosystem Three days ago, the co-founder of Ethereum, Vitalik Buterin, published a blog post that… Source link

The U.S. will open its first nuclear-powered data center offering Bitcoin mining in the first quarter of the year. The Cumulus Susquehanna data center in Pennsylvania has been completed by Cumulus Data, a subsidiary of independent power producer Talen Energy. See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap? Fast facts The data center is expected to start hosting nuclear-powered Bitcoin mining and cloud computing… Source link

ATM deployers using the Digital Network Solutions TRANSACT processing platform can offer Bitcoin sales on their ATMs in March TEMPLE, Texas, Jan. 23, 2023 /PRNewswire/ — Digital Network Solutions (DNS), a leading US ATM transaction processing service provider, is pleased to announce it has certified the Just.Cash cryptocurrency program. Starting in March, independent ATM deployers (IADs) will be able to offer redemption of Bitcoin for cash as well as sell Bitcoin, using debit on their ATMs…. Source link

Bitcoin continued to hover around the $23,000 level on Jan. 23, as bullish sentiment remained high in markets. Over the weekend the world’s largest cryptocurrency rose to its strongest level since August, with bulls moving to consolidate these gains. Ethereum also traded in the green today, remaining above $1,600 in the process. Bitcoin Bitcoin (BTC) continued to trade near a five-month high to start the week, as sentiment in crypto markets remained bullish. Following a low of… Source link