Bitcoin's hash rate faced a strong correction in October. From all-time highs near 160 exahashes per second, the metric dropped by approximately 45% to lows around 90 exahashes per second.
As the BTC Times reported previously, analysts believed the drop to be the result of Bitcoin miners in
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
Lightning Network-based Bitcoin derivatives exchange LNMarkets this week reported a rapid uptick in trading volume on its platform, as 40 percent of its aggregate trading volume was recorded in the past month.
LNMarkets launched on the Bitcoin mainnet in March, facilitating trades exclusively via Lightning. Although still in its alpha
Lightning Network-based Bitcoin derivatives exchange LNMarkets this week reported a rapid uptick in trading volume on its platform, as 40 percent of its aggregate trading volume was recorded in the past month.
LNMarkets launched on the Bitcoin mainnet in March, facilitating trades exclusively via Lightning. Although still in its alpha
Bitcoin's hash rate faced a strong correction in October. From all-time highs near 160 exahashes per second, the metric dropped by approximately 45% to lows around 90 exahashes per second.
As the BTC Times reported previously, analysts believed the drop to be the result of Bitcoin miners in
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
On Monday, Wall Street investor Stan Druckenmiller announced that he is long on Bitcoin.
Druckenmiller is the president of Duquesne Capital, which closed in 2010 with $12 billion under management. He also was one of the few investors to have made a large amount on his investments in 2008. His
In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined.
According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months.
Bitcoin has undergone a monumental surge over the past month. A price gain of 50% lies between its monthly lows of $10,500 to its highs of around $15,800. Bitcoin currently trades just below $15,000 after a retracement yesterday.
Analysts remain confident about the medium-term trajectory of the
Last month, the Bitcoin Improvement Proposals (BIPs) pertaining to the integration of Taproot and Schnorr signatures were merged into the Bitcoin Core Github. As the BTC Times reported, 150 Bitcoin Core developers approved the merge after seven weeks of review following a merge request first created by Pieter Wuille.
Schnorr
Many of us dabble with Bitcoin but seldom actually get our hands dirty in the nitty-gritty - yet that's often where the benefits lie. Hosting your own Bitcoin node, for example, not only steadies and decentralizes the network, but it can confer greater user privacy and security.
For
