Bitcoin Cryptocurrency News

Bitmain, Canaan Launch New Miners in Preparation for the Bitcoin Halving

This article was originally published by 8btc and written by Lylian Teng. On October 9, 2019, the China-based cryptocurrency mining giant Bitmain launched its two latest Antminer 17 models to an eager market. On the very same day, another leading ASIC producer, Canaan, also rolled out its next-generation bitcoin miner A11 series. Both new mining Read more…

Bitcoin Cryptocurrency News

French Government-owned Bpifrance Joins Lightning Network Developer ACINQ’s $8 Million Investment Round

Veronique Jacq, managing director of the Digital Investment Unit at Bpifrance, says that the institution is “convinced that bitcoin is becoming more and more obvious.” Jacq, who heads the partially state-owned French investment bank, stated that bitcoin is gradually becoming an important part of the global economy. In order to keep up with the latest Read more…

Bitcoin Cryptocurrency News

5 Reasons to HODL Your Bitcoin Despite the Bearish Market

Forget the recent bearish momentum and Bakkt’s disappointing launch. Here are five reminders of why you should still be HODL’ing your Bitcoin. 1. More Secure Than Ever At the end of last month, despite an extended period of sideways trading, Bitcoin hit its first-ever 100 quintillion hash rate level. On September 26, Bitcoin hit 108 Read more…

Bitcoin Cryptocurrency News

Bitcoin Network Experiences Slowest Block in 5 Years

The Bitcoin (BTC) network produced an unusually slow block, taking 119 minutes to discover the block number. The anomaly is happening despite the record activity of miners. Slow Block May Be a Statistical Anomaly The Bitcoin network has a 10-minute block schedule, and so far keeps within the predetermined time, with only small fluctuations. But Read more…

Bitcoin Cryptocurrency News Market

Venezuelan Central Bank Considers Adding Bitcoin to Balance Sheets

Despite operating its own largely unsuccessful, state-backed cryptocurrency, the petro, the central bank of the Bolivarian Republic of Venezuela is also considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies. Cryptocurrency mining has been especially popular in Venezuela for several years, due to factors such as the Read more…

Cryptocurrency News Ethereum

Core Scientific CTO Steps Down To Push Through Ethereum ProgPOW

ProgPoW author, Kristy-Leigh Minehan, has resigned as CTO of Core Scientific, to remove any potential conflict of interest and drive the progress of Ethereum’s improvement proposal (EIP). Last week she was uninvited from ETC Summit, based on Core Scientific connections to Craig Wright and Calvin Ayre. Who, What, When? Minehan announced her resignation on Twitter Read more…

Bitcoin Cryptocurrency News

Explosive Mining Growth Indicates High Confidence in Bitcoin (BTC)

Bitcoin miners are not giving up, showing immense confidence and working against significant network difficulty. The last difficulty hike from September 13 made it 10.38% less likely for miners to discover a block. But in the meantime, mining pools have been compensated with even more power. Competition Pushes Bitcoin Hashrate Skyward It’s expected that another Read more…