Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While some panicked, other industry experts pointed out that the Bitcoin network has become verifiably stronger than ever … [Read more...] about Bitcoin miners believe global hash rate to grow ‘aggressively’
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Zero Hash Raises $105M in Series D Funding Round
“Zero Hash has defined a new fintech vertical of ‘digital-assets-as-a-service,’” founder and CEO Edward Woodford said in a press release. “Our thesis is very simple – every financial services firm and a wide variety of customer businesses will offer a crypto or NFT product within the next 12 months.” Source link … [Read more...] about Zero Hash Raises $105M in Series D Funding Round
Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily … [Read more...] about Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
Bitcoin network turns 13, celebrates with new hash rate all-time high
Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC network shows no signs of slowing down by reaching a new all-time high hash rate of 207.53 million tera hashes per second (TH/s).The Bitcoin hash rate, … [Read more...] about Bitcoin network turns 13, celebrates with new hash rate all-time high
Bitcoin hash rate returns to all-time high levels
The global hash rate of the Bitcoin network has returned to all-time high (ATH) levels just six months after it saw a major crash during the aftermath of the Chinese government’s mining ban. The global hash rate of the Bitcoin network tanked as low as 84 EH/s at the start of June following the Chinese government’s crackdown on the crypto mining sector.According to … [Read more...] about Bitcoin hash rate returns to all-time high levels