Bitcoin Mining Experiences Worst Year in Half a Decade

Bitcoin miners held a stunning competition in 2019, lifting both the hashrate and difficulty to all-time highs. But it turns out for significant stretches, mining pools absorbed serious losses. Bitcoin Miners Undeterred by Falling Prices Most of the big miners…

Chinese Bitcoin Miners Control Two-Thirds of Global Hashrate

Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares. Chinese Share of Bitcoin Hashrate Highest Since At Least 2017 Currently, Chinese…

Bitcoin Price Breaks Vital Support, ‘Time to Pray’ Says Tone Vays

According to a recent statement by veteran trader Tone Vays, Bitcoin price is breaking one of its major supports, indicating that bad things are coming. Bitcoin price failed to impress in the second half of 2019, despite hopes that a…

Bitcoin Volume Reporting Nightmare, Who Can We Trust?

One of the biggest mysteries in the Bitcoin world, aside from the real identity of Satoshi Nakamoto, is how much of it is being bought and sold on exchanges each day. As pointed out in a tweet from Messari founder,…

Bitcoin Exchange BitMEX Sued for $300 Million by Early Investor

Bitcoin and crypto derivatives behemoth BitMEX is being sued for $300 million for providing false equity information to a couple of early investors.  According to recent reports, BitMEX is in hot soup, and so is the exchange’s founder, Arthur Hayes.…

Ross Ulbricht Predicts Bitcoin Growth Based on Elliott Wave Model

Ross Ulbricht, even from prison, remains a true Bitcoin (BTC) believer. He predicts much higher valuations in the future, based on the model of the Elliott Wave. Elliott Wave Won’t Chart Clear Future Price for Bitcoin Ulbricht’s Elliott Wave theory…

Bitcoin Hashrate Futures Coming in 2020, Mining Boom Inbound?

Mining companies may benefit from a growing market for Bitcoin (BTC) derivatives to finance and support their power-hungry operations. In 2019, despite price fluctuations, mining activity remains near all-time highs. Bitcoin Mining Turned into Large-Scale Business Mining is becoming large-scale…

Bitcoin Ransomware Attack Hits Argentinian Government

The Argentinian government has been hit with a Bitcoin ransomware attack. According to the latest information, the hacker demanded 50 BTC to withdraw the attack. For all the positive changes that cryptocurrencies have brought in the last few years, there…

Bitcoin Climbs 2 Spots on China’s Latest CCID Ranking

China’s Center for Information and Industry Development once again published a new list of its crypto ranking index, pushing Bitcoin 2 spots higher than its last report. Bitcoin Back in China’s Top 10 China has just released a new CCID…

Bitcoin Price Shows ‘Uncanny Resemblance’ to 2018 Breakout Pattern

BTC has hovered between bullish and bearish attitudes. But one chart analyst sees a possible scenario, as the bitcoin price action in the past months recalls the rapid spike of BTC prices at the end of 2018. Bitcoin Price Resembles…