During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recordedContinue Reading
Ethereum classic was one of the biggest movers to start the weekend, as prices surged to a six-week high. The move saw the token climb by as much as 12%, breaking out of a key resistance level in the process. Polygon also moved higher, as it raced towards a recentContinue Reading
Bitcoin moved closer to the $17,000 level to start the weekend, as traders continued to react to the latest U.S. nonfarm payrolls data. December’s payrolls came in at 223,000, which was better than the 200,000 markets had expected. Ethereum was also higher on Saturday, with prices nearing a three-week high.Continue Reading
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy.Continue Reading
As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-sector alone accounted for 3,100 or 27% of the 11,462 people that were employed by tech startupsContinue Reading
Animoca Brands, a Web3 gaming-focused company, has announced it is now targeting a raise of $1 billion for a fund directed to inject help for already established blockchain projects. The number is significantly lower than the $2 billion the company announced back in November as an upper limit for thisContinue Reading
Using the “choose your fighter” paradigm popularized by video games, we can compare Bitcoin and fiat and determine a winner. This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup. Source Bitcoin maximalists have had a whirlwind of a year. From getting browbeat through the recentContinue Reading
The brunt of the price-based capitulation has already been felt, while the real pain ahead is a waiting game for the market to finally turn around. The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first toContinue Reading
According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer scientists, and cryptographers do not believe theContinue Reading
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank. Alan Lane, the CEOContinue Reading
