Bitcoin

El Salvador’s Push For Green Bitcoin Mining Amid Controversy
Bitcoin

El Salvador’s Push For Green Bitcoin Mining Amid Controversy

El Salvador, which made history by being the first nation to accept Bitcoin as official money, now wants to spend $1 billion to set up a vast Bitcoin mining operation that uses green energy. The project has the support of the Salvadoran government, which made Bitcoin legal tender in 2021. The state “Bitcoin Office” shared […]

Jun. 7, 2023
Bitcoin Ordinals Unveils Upgrade To Address ‘Cursed Inscriptions’ Problem
Bitcoin

Bitcoin Ordinals Unveils Upgrade To Address ‘Cursed Inscriptions’ Problem

The creators of the Bitcoin Ordinals protocol have introduced a much-anticipated upgrade in a significant development. This upgrade aims to address the longstanding issue of “cursed inscriptions.” This upgrade aims to rectify over 71,000 invalid inscriptions, allowing them to be traded freely within the Bitcoin community. The move relieves many users who could not capitalize […]

Jun. 6, 2023
US Debt Ceiling Deal Halts 30% Bitcoin Mining Tax: Congressman
Bitcoin

US Debt Ceiling Deal Halts 30% Bitcoin Mining Tax: Congressman

The United States debt ceiling negotiations will exempt Bitcoin miners from being taxed for consuming energy. On Sunday, President Joe Biden and House Speaker Kevin McCarthy made their agreement on the U.S. debt ceiling public. A notable aspect of the deal seems to have prevented certain taxes put forth by the Biden administration. One of […]

May. 31, 2023
Bitcoin Core 25.0 Release: New Features & Enhancements
Bitcoin

Bitcoin Core 25.0 Release: New Features & Enhancements

Bitcoin Core version 25.0 has been out, bringing a host of new features, bug fixes, and performance enhancements. Notably, the mempool and relay policy now allows transactions of non-witness size 65 bytes and above. This change aims to improve the protection against CVE-2017-12842 and expand the possibilities for smaller transaction sizes. To upgrade to the […]

May. 27, 2023
Bloomberg Strategist Cautions Of Bitcoin Possible Drop To $7,000
Bitcoin

Bloomberg Strategist Cautions Of Bitcoin Possible Drop To $7,000

Amid crypto market volatility, Bloomberg’s Mike McGlone warns of a potential severe drop in Bitcoin value. McGlone informs his over 57,800 Twitter followers that Bitcoin has nearly quadrupled. This surge occurred since the Federal Reserve initiated a major money supply expansion amid the COVID market meltdown. However, he regards Bitcoin as potentially unstable in the […]

May. 24, 2023
Tether Allocates 15% of Net Operating Profit to Bitcoin Purchases
Bitcoin

Tether Allocates 15% of Net Operating Profit to Bitcoin Purchases

Tether, the popular stablecoin issuer, has recently announced a new investment strategy that involves purchasing Bitcoin (BTC) using a portion of its net operating profit. The company aims to strengthen and diversify its reserves portfolio through this move. TetheršŸ§”#Bitcoin Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits […]

May. 18, 2023
Bitcoin Cash Integrates CashTokens Upgrade For Enhanced Functionality
Bitcoin

Bitcoin Cash Integrates CashTokens Upgrade For Enhanced Functionality

Bitcoin Cash, a prominent cryptocurrency, recently underwent a significant upgrade, incorporating a groundbreaking feature called CashTokens. On May 15, the Bitcoin Cash network received a major update, allowing developers to create tokens with the same attributes as BCH. Anyone who uses the network can issue the “CashTokens.” At block height 792,772, the Bitcoin Cash network […]

May. 16, 2023
Bhutan Harnesses Hydropower To Mine Bitcoin Since $5,000 BTC Price
Bitcoin

Bhutan Harnesses Hydropower To Mine Bitcoin Since $5,000 BTC Price

Bhutan, a small Himalayan kingdom with a population of less than 800,000, has quietly been mining Bitcoin since April 2019. According to local reports, the country uses its abundant hydroelectric power to generate the energy needed for its mining operations. This move towards cryptocurrency aligns with the country’s focus on “Gross National Happiness,” The mining […]

May. 4, 2023
Bitcoin’s Hash Rate ATH: Surge in Ordinal Inscriptions & Transactions
Bitcoin

Bitcoin’s Hash Rate ATH: Surge in Ordinal Inscriptions & Transactions

The Bitcoin network has shown its resilience and stability as the total computer power dedicated to protecting the blockchain has hit an all-time high. The hash rate, a measure of the computational power involved in processing Bitcoin transactions, has soared to 439 exahashes per second (EH/s) as more miners come online. Despite fluctuations in BTC’s […]

May. 3, 2023