● Cambridge Bitcoin Electricity Consumption Index (CBECI) estimated Bitcoin mining’s annual power demand to be 120.29 TWh. ● Cloud mining enables users to participate in crypto mining without the need for hardware. The cryptocurrency landscape is constantly evolving, with users adapting to changing trends and market patterns. As participants in
After breaking below the support level of $26,000 earlier this week, Bitcoin is still under selling pressure. However, for few traders this would be a good moment to purchase the dips. The latest CoinShares data shows that institutional investors remain divided on the cryptocurrency market, with mild inflows and outflows
The Economic Legislation Committee of the Australian Senate has voiced strong opposition to a Bill that would support regulation of crypto trading platforms in Australia. InnovationAus.com, a public policy and commercial innovation think tank, said that the Committee’s rejection was based on the perception of internal strife within any movement
Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a strong bearish momentum for the past few weeks. Recently, BTC has shown a slight recovery of 0.50% after staying below $26,000 for the past few weeks. With this price surge, BTC surpassed the $26K mark. However, it didn’t stay for long,
According to a report by crypto exchange KuCoin, cryptocurrency usage is on the increase in Turkey, a nation experiencing significant inflation. Adoption rates in Turkey have risen rapidly over the last year and a half, from 40% to 52% of the population. This information was compiled by KuCoin, and is
Cathie Wood, CEO of Ark Invest, recently tweeted her positive outlook on the confluence of Bitcoin and AI. Wood’s tweet alluded to the revolutionary perspective of AI and Bitcoin, highlighting the opportunities it brings for many businesses and the economy at large. Wood’s excitement about these two promising areas of
The United Stated SEC has pushed out its ruling on Bitcoin spot ETF until October, which has put downward pressure on the BTC price. Several prominent analysts have all agreed that the BTC price will likely fall to $24,800 mark before perhaps recovering. Nonetheless, September’s bear market worries have reignited
As we find ourselves in the final month of Q4 this year, it’s crucial to reflect on the past months, marked by extreme volatility and a series of significant events. The year began by recovering from the FTX collapse, witnessed the Memecoin hype season in Q2, faced SEC regulatory challenges
After Grayscale’s recent success over the SEC, Bloomberg analysts have increased the likelihood of a permitted spot Bitcoin ETF by the end of this year. Due to the unanimous and decisive manner in which the U.S Court of Appeals Circuit reached its verdict in the current case, Bloomberg senior ETF
Bitcoin has regained the spotlight following a legal victory by Grayscale this week. And now, $30,000 emerges as the next key milestone, according to on-chain analytics by IntoTheBlock. Approximately 6.2 million Bitcoin addresses acquired coins between the current price and $30k. This represents around 2.6 million BTC worth of ‘underwater’
