That said, Mt. Gox wasn’t able to get back the stolen bitcoins, so the trustee is not actually paying out 850,000 BTC to creditors. Mt. Gox only holds around 141,686 BTC, 142,846 bitcoin cash (BCH) and 69,776,002,441 yen (~$3.2 billion, all told). So instead of a one-time 850,000 BTC liquidation, a worst-case scenario would look like this: 100% of creditors opt for the trustee to liquidate, and the trustee opts to do that all in one fell swoop and sell 141,000 BTC. That represents 8.8% of… Source link

The first time Jackie Sawicky learned that a Bitcoin mining operation was coming to Corsicana, a rural Texas city 60 miles south of Dallas, was on April 27, when she happened upon a Facebook video of a meeting at the local public library. The featured speaker was Chad Everett Harris, the upbeat executive vice president of Riot Blockchain, a Bitcoin mining company based in Castle Rock, Colorado. Bald and comfortably plump, Harris wore a suit jacket and open-collared shirt… Source link

Most Bitcoin (BTC) traders would rather see a sharp price correction and a subsequent recovery than agonize for multiple months below $24,000. However, BTC has been doing the opposite since June 14 and its most recent struggle is the asset’s failure to break above the $22,000 resistance. For this reason, most traders are holding back their bullish expectations until BTC posts a daily close above $24,000. Events outside of the crypto market are the primary factor impacting investors’… Source link

Parithosh, DevOps engineer at the Ethereum Foundation, told CoinDesk, “There seems to have been a minor spike in hashrate that sped up things a bit. The TTD estimation tool I use is also a local tool, it caches a lot of blocks and tries to average things out, it seems to have a lot of stale state since I haven’t cleared the old state.” Source link

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Yesterday, with the announcement of the inflation rate in the United States, the market experienced a sharp decline. Ethereum briefly dropped by $103, but the bulls held the price above $1,000. Technical Analysis By Grizzly The Daily Chart ETH trades above the descending line (in yellow) on the daily timeframe. The RSI 14D index has not been able to break above the dynamic resistance (in blue), which was rejected by the baseline showing the weakness of bulls in the market…. Source link

Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: “No way” Bitcoin bottomed at $17,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $20,000 on the day. Wall Street opened with losses, the S&P 500 and Nasdaq Composite Index both down around 1.8% at the time of writing. Bitcoin nonetheless managed to hold its own… Source link

Text size Bitcoin prices remain down in the dumps after the crypto’s worst quarter since 2011, a year in which it broke $1 for the first time. Martin Bureau/AFP via Getty Images … Source link

Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as prices rallied following a turbulent 24 hours of trading, which saw prices fall below $19,000. Following this drop, the world’s largest crypto token… Source link

When Bitcoin first launched in January 2009, it was effectively valueless.  In fact, it took two years for Bitcoin to reach $1. It took many subsequent years for the cryptocurrency to popularize the concept of blockchain assets, paving the way for other types of blockchain networks. The most important alternative to Bitcoin is Ethereum. Only, it’s not really an alternative but an entirely different proposition. Unlike Bitcoin, which is designed to be a form digital money,… Source link