Bitcoin mining is reaching new heights, and it’s creating a buzz in the world of cryptocurrency. The computing power used to mine Bitcoin has skyrocketed, jumping by more than six times since November 2019. But what does that really mean, and why is it so important? The Race to Mine
Russian lawmakers have just approved a groundbreaking law that allows businesses to use Bitcoin and other cryptocurrencies for international trade, aiming to sidestep Western sanctions imposed after the Ukraine invasion. Set to take effect in September, this move is designed to solve payment delays with major trade partners like China,
An anonymous Bitcoin donor dramatically changed Julian Assange’s fate by contributing over $500,000 in Bitcoin to help cover his hefty debts. This generous donation, combined with other contributions, allowed Assange to pay off the costs of his chartered flight and legal settlements, ensuring he could return to Australia debt-free after
At the Libertarian National Convention, Trump pledges to shield Bitcoin holders from Senator Elizabeth Warren’s influence, emphasizing his support for self-custody and opposition to CBDC creation. Four percent of Americans possess Bitcoin. Although there are more Americans over 65 than under that number, how frequently do politicians discuss issues about
In a recent move indicative of his ongoing support for the Bitcoin mining industry, former President Donald Trump met with CEOs from leading US crypto mining companies, expressing his desire for the entirety of Bitcoin production to be made within the United States. Following a meeting with several CEOs from
Based on BitInfoCharts’ Bitcoin Rich List, the 15 most valuable Bitcoin addresses are provided, with 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo topping the list with 248,597 bitcoins. When receiving bitcoins, a Bitcoin address is a special identification made up of 26 to 62 alphanumeric characters. On the Bitcoin network, these addresses operate as the transaction’s
Argentina’s YPF Luz collaborates with Genesis Digital Assets to mine Bitcoin using natural gas from oil fields, turning stranded energy into a resource. Bitcoin is becoming more and more popular in Argentina’s energy sector. This is the case with a state-owned facility that uses natural gas that has been stranded
Barry Silbert emerges as the crypto world’s new villain, embroiled in legal battles over billions amid bankruptcy claims and allegations of fraud. Eric Asquith was oblivious to Barry Silbert’s identity until November 16, 2022, the day he believed his family’s $1,052,000 savings vanished. Asquith’s entry into cryptocurrency was cautious; he
When asked about the potential reliability of cryptocurrencies compared to gold, Paul Goncharoff, chief manager of Goncharoff LLC, expressed uncertainty about whether Bitcoin will become as stable as gold. This month, the prices of Bitcoin (BTC) and gold have both reached all-time highs. The value of an ounce of gold
