Bitcoin

It’s been a rough year and change since Bitcoin (BTC 0.31%) peaked in 2021. The leading cryptocurrency has plummeted 59% over the past year, and seen a portfolio-crushing 73% descent since hitting an all-time high just 14 months ago. The implosion of several high-profile digital currency exchanges and platforms has rattled the confidence of traders, but there could be an opportunity in the chaos. What if I told you that you could buy a position in Bitcoin at a 38% discount? And — no –… Source link

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Bitcoin (BTC) faces a “bottoming candle” in 2023, but BTC price action is still more than able to surprise the market. In a tweet on Jan. 11, popular trader and analyst Rekt Capital predicted that BTC/USD could see “decent upside” this year. Chart teases serious Bitcoin upside potential Analyzing Bitcoin’s four-year market cycles around block subsidy halving events, Rekt Capital drew attention to 2023 being the deadline for its next “bottoming candle.” With the next halving due in… Source link

The Lightning Network has struck the earth in one of the most challenging operating environments. Lagos, the capital of Nigeria — Africa’s most populous country — welcomed a new Bitcoin Lightning Network (LN) node this week, a vital step to better connect the continent to the layer-2 payments network that sits atop Bitcoin. The node runs on an old laptop powered by a diesel generator, as Lagos regularly experiences energy and electricity blackouts. Megasley’s diesel generator and… Source link

A Bitcoin Lightning Network node (BTC) has struck the earth in one of the most challenging operating environments. Lagos, the capital of Africa’s most populous country, Nigeria, welcomed a new Bitcoin Lightning node this week, a vital step to better connect the continent to the layer-2 payments network atop Bitcoin, the Lightning Network (LN).  The node runs on an old laptop powered by a diesel generator as Lagos regularly experiences energy and electricity blackouts. Megasley’s diesel… Source link

“We know what Alameda did with the money. It bought planes, houses, threw parties, made political donations. It made personal loans to its founders. It sponsored the FTX Arena in Miami, a Formula One team, the League of Legends, Coachella and many other businesses, events and personalities,” Landis said. Source link

According to the Indian crypto exchange WazirX’s proof-of-reserves report, over 90% of its users’ assets are in Binance wallets. The report showed that $259 million of the exchange’s $285 million in assets were held in Binance wallets, with a further $26.5 million in other exchanges. Therefore, the validity of WazirX funds depends on Binance honoring liquidations, highlighting the dangers of the frosty relations between the two firms. Binance announced that it had agreed to acquire WazirX in… Source link

This is an opinion editorial by Robert Hall, a content creator and small business owner. Nothing is more critical to long-term health than having access to healthcare when needed. But every jurisdiction around the world implements this process differently. Many countries socialize the cost of healthcare through the government on a sliding scale from total government control to private market healthcare, with a sprinkle of government-provided health insurance for the poor and the elderly. In… Source link

When the new licensing program that is scheduled to take off in June arrives, retail traders in Hong Kong will be limited to “highly-liquid” digital assets, according to the new CEO of Hong Kong’s Securities and Futures Commission (SFC), Julia Leung Fung-yee. At the recent Asia Financial Forum, Leung reportedly pointed out that many digital asset platforms have thousands of products. However, the SFC executive highlighted that they are not planning to “allow retail investors to trade in… Source link

Increased production capacity by about 267% Grew production by 74% month over month to 17.93 Bitcoin Bitcoin holdings totaled 103.01 at month-end Operations achieved 113.3 BTC/EH efficiency Toronto, Ontario–(Newsfile Corp. – January 11, 2023) – Sphere 3D Corp. (NASDAQ: ANY) (“Sphere 3D” or the “Company”), dedicated to becoming the leading carbon-neutral Bitcoin mining company operating at an industrial scale, provides results of its Bitcoin mining operation for the month ending December 31,… Source link