JPMorgan lowers Bitcoin’s production cost: what it means for Miners and Investors?
JPMorgan has adjusted its estimation of Bitcoin’s production costs, revising it from $21,000 to $18,000. This adjustment is in response to the Cambridge Bitcoin Electricity Consumption Index (CBECI) updating its methodology for tracking and estimating the electricity consumption of the Bitcoin network. The revised methodology has implications for mining costs, with JPMorgan analysts noting that […]
Genesis Global Capital sues parent company DCG and DCGI for Over $600M loans
Cryptocurrency lender Genesis Global Capital (GGC) has filed two lawsuits against its parent company Digital Currency Group (DCG) and an affiliate, DCG International Investments (DCIG). The lawsuits seek the repayment of overdue loans totaling over $600 million. GGC loaned DCIG over 18,000 BTC, which was partially repaid but still has an outstanding balance. GGC is […]
Lyn Alden predicts Bitcoin’s market cap to soar with increased global adoption
Macro expert Lyn Alden believes that Bitcoin (BTC) has the potential to capture a much larger portion of global wealth in the future. In an interview, Alden suggests that individuals may want to allocate a higher percentage of their liquid net worth into a “self-custodial, globally portable” digital asset like Bitcoin. Currently, Bitcoin makes up […]
BitMEX Co-founder Arthur Hayes predicts Bitcoin bull run is just getting started!
BitMEX co-founder Arthur Hayes has stated that Bitcoin (BTC) has been experiencing a bull run for approximately six months. However, he believes that the market has yet to fully respond to this upward trend. Speaking at the Korea Blockchain Week, Hayes pointed out that the bull run began when the Federal Deposit Insurance Corporation took […]
Elon Musk Was ‘Quietly’ Funding Dogecoin, We All Kinda Knew It!
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Elon Musk Was ‘Quietly’ Funding Dogecoin, We All Kinda Knew It! 2️⃣ Stake.com Suffered A $40M Hack 3️⃣ Casio’s G-SHOCK NFTs Soon […]
What’s the best way to store your Bitcoin?
When it comes to storing Bitcoin, there are several options available. For small amounts and short-term holding, leaving it on the exchange where it was purchased is one option, although there is a risk of losing the Bitcoin in case of exchange problems. Another option is installing a Bitcoin wallet on your smartphone. While convenient […]
Stake bounces back and reopens withdrawals after $41.3M hack
Crypto betting platform Stake has reopened its deposit and withdrawal services just five hours after suffering a hack estimated to have stolen $41.3 million. The unauthorized transactions occurred in Stake’s ETH/BTC hot wallets, with blockchain security firms estimating the total loss. While Stake confirmed that Bitcoin, Litecoin, and XRP wallets were unaffected, it has not […]
Is Bitcoin losing its sparkle? Metrics point to concerning trends
Recent metrics suggest that Bitcoin, the leading cryptocurrency, may be losing its shine. Trading volumes for Bitcoin and Ethereum have declined, potentially reaching levels not seen since 2019. Moreover, Google search traffic for cryptocurrency-related keywords has dropped to 2019 levels, indicating reduced public interest. Low volatility in Bitcoin, historically known for its price swings, further […]
Who is the real Satoshi Nakamoto?
In the search for the true identity of Satoshi Nakamoto, three prominent figures have emerged as potential candidates, according to a redditor. Nick Szabo, a computer scientist, legal expert, and cryptographer, is credited with introducing the concept of smart contracts. He is a pioneer in the field of digital currency and has written extensively about […]
Lost Bitcoin: This expensive mistake costed miner $190 million
James Howells, an early Bitcoin miner who accidentally discarded a fortune. Back in 2009, when Bitcoin was still in its infancy, Howells began mining the cryptocurrency on his laptop, amassing a total of approximately 7,500 BTC. However, as Bitcoin rose in prominence in 2013, Howells had already ceased mining and carelessly left the laptop tucked […]