Bitcoin

Getty Images One of the prominent developers behind the Bitcoin blockchain said he has asked the FBI to assist him in recovering $3.6 million worth of the digital coin that was stolen from his storage wallets on New Year’s Eve. Luke Dashjr is a developer of the Bitcoin Core, an app that runs 97 percent of the nodes making up the Bitcoin blockchain. Bitcoin Core derives from the software developed by the… Source link

Bitcoin price prediction appears to have turned bearish following the breakout of the $16,660 level on January 3. Candles closing below $16,660 have the potential to drive a bearish trend in BTC.  One of the longest-contributing members of the Bitcoin Core team, Luke Dashrj, claimed to have lost more than 200 BTC (about $3.34 million) this past weekend after having his wallet keys stolen. The developer tweeted about the incident… Source link

Photo: Anthony Kwan (Getty Images) Even cryptocurrency’s most accomplished tech wizards apparently aren’t immune from the occasional wallet-draining hack. Luke Dashjr, one of the original core developers for Bitcoin, claims that someone swiped hundreds of BTC from his accounts late last year—leaving him to start 2023 with nothing but an empty wallet and a heart full of woe. Dashjr, who has worked for the Bitcoin Project for the past twelve years, took to Twitter on Sunday to lament the… Source link

It’s 14 years exactly since the launch of bitcoin and one big mystery remains unanswered: why is the front page headline of a UK newspaper from Saturday, January 3, 2009, baked into the code of the first bitcoin block? January 3 has become Independence Day among those who fear centralisation, with the genesis block their digital Liberty Bell. Hiding a bank bailout reference in bitcoin’s foundation stone was more than a timestamp or lorem… Source link

Bitfarms Ltd. – 496 BTC mined in December 2022 –– 4.5 EH/s and 188 MW operating capacity at year end –– BTC-backed loan facility paid off in full – This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORONTO, Ontario and BROSSARD, Québec, Jan. 03, 2023 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining… Source link

Bitcoin’s mining difficulty level fell 3.59% on Tuesday morning in Asia, after some U.S. mining firms unplugged due to deadly winter storms over the holiday season on top of continued cash shortages mainly caused by low Bitcoin prices and high energy costs. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts The mining difficulty reading came in at 34.09 trillion at block height 770,112 in Tuesday’s biweekly adjustment, following a 3.27%… Source link

A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images 2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by a wave of collapses in the industry from stablecoin project terraUSD to crypto exchange FTX, as well as a worsening… Source link

Cryptocurrency analyst Dave the Wave predicted the Bitcoin (CRYPTO: BTC) price collapse, which took place in 2022. Now he’s anticipating a massive surge for the apex crypto. Based on his logarithmic growth curve (LGC), the analyst predicts that Bitcoin could ascend to $160,000 by January 2025. He went on Twitter to share his thought about Bitcoin and said it could easily do a 10x over the next couple of years. The LGC model continues to track Bitcoin’s price action despite the gloom and doom… Source link

The result of the tempest shows up in the stock prices of the five biggest public miners by hashrate. In 2022, Core Scientific ($CORZ), Riot Blockchain ($RIOT), Bitfarms ($BITF), Iris Energy ($IREN), and CleanSpark ($CLSK) traded down 99%, 85%, 91%, 92% and 79%, respectively. Source link

Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created “a persistent headwind” for the Bitcoin price or not.  Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet, indicating that approximately 40,300 of the 40,700 BTC mined by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital from Jan. 1 to Nov. 30 was… Source link