Bitcoin

Cryptocurrency Cardano is currently basking in the limelight, with a 25% surge in the past seven days. Photo: Getty The cryptocurrency market hit the ground running in 2023, shrugging off the tragedies of the previous year with some tokens posting double digit gains in the past week. Top 10 cryptocurrencies such as ethereum (ETH-USD) and cardano (ADA-USD) have gone green this week, with bitcoin (BTC-USD) also steadily climbing since the beginning of the year. Check: Crypto live prices On… Source link

Twitter users appeared disgusted at the rising price of eggs and called it “ridiculous” as some labeled them a “luxury item.”  Multiple users noted the high cost of a carton of eggs at Whole Foods and posted photos showing prices as high as $11.49.  “I never thought EGGS would become a luxury item,” conservative commentator Mike Cernovich wrote.  CARDI B SOUNDS OFF ON INFLATION IN TWITTER RANT GONE VIRAL: ‘WHAT THE F— IS GOING ON?’ The price of eggs has tripled in certain places across… Source link

Publicly-listed Bitcoin (BTC) mining company Argo Blockchain saw a significant drop in mining activity in December due to a winter storm in Texas. On Jan. 11, Argo released its first operational update since selling its flagship mining facility Helios to Mike Novogratz’s Galaxy Digital. The company said it mined 147 Bitcoin or BTC equivalents in December, compared to 198 BTC in November 2022. As of Dec. 31, Argo held 141 BTC, with its December mining revenue amounting to $2.49 million, the… Source link

Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fails to win over skeptical traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp. Almost tying with the peak from Dec. 16, the pair displayed rare upside momentum against a backdrop of some of the lowest volatility ever seen over the holiday… Source link

Bitcoin and Ethereum prices rose in Wednesday afternoon trading in Asia along with all other top 10 non-stablecoin cryptocurrencies, with XRP leading gains. See related article: Bitcoin named dirtiest crypto of 2022, tops major tokens in carbon emissions: Forex Suggest Fast facts Bitcoin, the largest cryptocurrency by market capitalization, gained 1.44% to US$17,455 at 4 p.m. on Wednesday afternoon in Hong Kong. Ethereum inched up 0.92% to US$1,335 and has gained 6.74% in the last seven days of… Source link

While the United States holds the biggest share of Bitcoin (BTC) hash rate contribution and ATM network, the city hosting the most reachable Bitcoin nodes — a crucial pillar of the Bitcoin network — is Frankfurt, Germany. Bitcoin nodes are a distributed network of computers that run the Bitcoin software and accept a set of proof-of-work (PoW) consensus rules to validate and broadcast transactions on the blockchain. Of the 43,706 nodes hosted across 134 countries, the U.S. hosts 9,999… Source link

While the United States holds the biggest share in Bitcoin (BTC) hash rate contribution and ATM network, the city hosting the most number of reachable Bitcoin nodes — the biggest pillar of the Bitcoin system — is Frankfurt, Germany. A Bitcoin node represents a computer system that works with other decentralized computers to help validate and relay Bitcoin blocks and transactions. Out of the total 43706 nodes hosted across 134 countries, the U.S. hosts 9999 or 30.53%, while Germany ranks… Source link

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Bitcoin was the world’s most pollutive cryptocurrency of 2022 after producing almost a ton of carbon dioxide (CO2) in emissions per transaction, according to a report from Forexsuggest.com, a foreign exchange and education platform based in Luxembourg. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The Bitcoin network saw a substantial increase in CO2 emissions last year after pollution was reduced in 2021, the report said. The entire Bitcoin… Source link

Investors piled money into bitcoin futures ETFs in 2022, even though the price of the cryptocurrency plunged 65 per cent. Investors ploughed $241mn into the six US bitcoin futures ETFs during the first 11 months of 2022, according to data from Morningstar Direct. And most of that money — $198mn — was added after June, which bitcoin payment service provider Bitpay marks as the start of a crypto “deep freeze”. ProShares in October 2021 launched the ProShares Bitcoin Strategy ETF,… Source link