Fri, February 7

Prominent Billionaire Investor Bill Miller Remains Bullish on Bitcoin

Even though Bitcoin has suffered a severe sell-off this year, legendary investor Bill Miller remains positive about the cryptocurrency. The Baltimore investment firm became a household name because it consistently beat the S&P 500 from 1991 through 2005. After that, he took on the role of chairman and chief investment

December 27, 2022 1 min read

Economist and Entrepreneur Peter Schiff Advises Investors To Sell Bitcoin

Peter Schiff, an economist, and staunch gold bull, has a holiday greeting for bitcoin holders. Schiff established Schiffgold, a precious metals company that deals mostly in gold and silver bullion, and serves as its chairman. He has always been skeptical about bitcoin and has instead advocated for gold. Mark stated:

December 27, 2022 1 min read

Ukrainian Steals Cryptocurrencies From Russian Dark Web Market

Reports indicate that Alex Holden is a Ukrainian-born cyber intelligence professional. Emigrated to the United States from Kyiv as a youngster in the 1980s. Now resides in Mequon, Wisconsin, and claims to have hacked into Solaris, one of Russia’s major online drug marketplaces. His Hold Security crew helped him steal

December 27, 2022 1 min read

Billionaire Entrepreneur Mark Cuban Backs Bitcoin Over Gold

Mark Cuban, a billionaire tech entrepreneur, is optimistic about Bitcoin and has even said he hopes the price keeps falling. During an interview on comedian Bill Maher’s “Club Random” podcast, Cuban expressed a desire for the price of Bitcoin to decrease so that he could purchase more. The owner of

December 27, 2022 1 min read

Cybercriminals Steal $3M From Crypto Mining Pool BTC.com

Cybercriminals successfully stole a significant amount of money from the cryptocurrency mining pool BTC.com. Client funds to the tune of $700,000 and corporate funds to the tune of $2.3 million were stolen in the assault on December 3. BIT Mining Limited, the parent company of the mining pool, made the

December 26, 2022 1 min read

Bitcoin Hashrate Bounces Back Overall After 39% Drop

Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per the CoinWarz data, the bitcoin hashrate was 168.85 EH/s on Dec 25th. And two days prior (Dec 23rd) it was 271.4 EH/s. The reason for the fall was stated to

December 26, 2022 1 min read

Will the History of Bitcoin Halving Happen Again?

The progress toward the next Bitcoin block reward reduction has hit 65%. Several on-chain analytics implied that Bitcoin is at or very close to its cycle bottom. The Bitcoin cycle typically reaches its lowest point 517–547 days before the subsequent halving event. So, it will be almost 500 days before

December 24, 2022 1 min read

Buenos Aires Authorities Announce Crypto Mining Tax From 2023

Argentine authorities in the province of Buenos Aires have given the green light to a proposal. That would make cryptocurrency mining a taxable sector beginning in 2023. 4% of all profits made from “Processing and validation services for crypto assets and/or cryptocurrency transactions (crypto asset and/or cryptocurrency mining),” as stated

December 23, 2022 1 min read

Bitcoin (BTC) Tends to Trail Significant Stock Market Bottoms

Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, typically lags significant stock market bottoms. According to Delphi Digital, a digital assets research platform, Bitcoin tends to bottom out at least six weeks before the Standard & Poor’s 500 Index (S&P 500 Index), a stock market index tracker.  According

December 22, 2022 2 mins read

British Columbia Shuts Down Power Supply for Crypto Mining

British Columbia, Canada, has halted new electricity connection requests from cryptocurrency miners for 18 months to promote the province’s climate action and economic goals. The government of British Columbia stated, the suspension will relieve the province’s power constraints while its main electricity distributor, BC Hydro, is given more time to

December 22, 2022 1 min read