Bitcoin (BTC) Archive

Can a country actually ban Bitcoin?

Grayscale CEO Barry Silbert believes it’s highly unlikely that US regulators will ban Bitcoin.Silbert said he was “cautiously optimistic” that the regulatory environment for Bitcoin will get better, rather than worse.He put the change in attitude down to efforts by Bitcoin advocacy groups. US regulators are unlikely...

Bitcoin stuck around $10,400 for most of Tuesday

Bitcoin (BTC) trading around $10,494 as of 20:00 UTC (4 p.m. EDT). Gaining 0.10% over the previous 24 hours.Bitcoin’s 24-hour range: $10,357-$10,532BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. After bitcoin prices fell sharply Monday, the world’s oldest cryptocurrency...

What Are Bitcoin Futures and How Do They Work?

A futures contract is an agreement that obligates a trader to buy or sell an asset at a specific time, quantity and price.Bitcoin futures help to bring in additional liquidity to the market and also provide opportunities for arbitrage.As the trading value of Bitcoin varies, so too...

Bitcoin Miners Are Concerned by Bitmain’s New Rigs

Mining manufacturer Bitmain’s upcoming mining rigs, which plan to use smaller computing chips compared to older models, are facing backlash among miners due to concerns on their efficiency and output, according to news outlet WuBlockchain. Exclusive:Bitmain’s Micree is selling the world’s first 5nm chip mining machine to...

Bitcoin Miners enjoyed 23% Revenue Increase in August

Bitcoin miners generated an estimated $368 million in revenue in August, up from $300 million in July, and the third consecutive monthly increase in miner revenue, according to Coin Metrics data analyzed by CoinDesk.Revenue estimates assume miners sell their bitcoins immediately. Network fees brought in $39 million...

3 Reasons Bitcoin Just Tanked Below $11K for the First Time in a Month

1 Bitcoin slide in sync with traditional markets.The Standard & Poor’s 500 Index of large U.S. stocks retreated Thursday after climbing to a new record high earlier in the week. A report showing new U.S. jobless claims at 881,000 in the final week of August was better...

Just Lost $16M in Bitcoin by Using a Malicious Install of the Electrum Wallet

In a Sunday post on GitHub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million at press time) as a result of “foolishly” installing an old version of the lightweight wallet. Going by the username “1400BitcoinStolen,” they described how a pop-up message...