Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them

According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History Miners Sell More Bitcoin Than They Generate On March 26, news.Bitcoin.com reported on how miners witnessed 45% of the overall hashrate shaved since Feb. 29 and miners also dealt with the second largest difficulty drop…

Read More

Prestmit, A Platform For Nigerians To Buy & Sell Gift Cards And Bitcoins

Due to the advancement of cryptocurrency and the widespread of gift cards in the Nigerian market, Prestmit, a Nigerian platform, now provides the absolute solution that gift cards and bitcoin enthusiasts within and outside the country have been looking forward to. Talking to the CEO of Prestmit, the firm ensures that customers get credited in less than 5 minutes as the payment system is automated, adding that such feat has seen the two-year-old company boast of over a thousand daily transactions. “We have observed that the best way to grow…

Read More

Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’

The cryptocurrency economy has been slowly rising toward a $200 billion market capitalization again following the grueling global market carnage that started on March 12. Most of the top ten cryptos are closer to the prices they held before ‘Black Thursday’ and there’s also a slew of unknown coins that have seen considerable gains so far. Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs Unknown Crypto Coins Shine During the Last 30 Days The entire market valuation of all 5,000+ digital assets has been hovering…

Read More

Coronavirus Relief: Cryptocurrency Aid Programs Launched to Combat Covid-19 Outbreak

Cryptocurrencies are being used to help fight the global coronavirus pandemic. Crypto companies are doing their part to provide coronavirus aid to countries, hospitals, and people suffering from covid-19. A coronavirus relief campaign, a Red Cross bitcoin fundraiser, and an investment fund are some coronavirus relief initiatives involving cryptocurrencies. Also read: 2x Bitcoin – Wanna Double Your BTC to the Moon? Forget About It Coronavirus Relief Campaign by Binance The coronavirus pandemic has caused a worldwide panic. Many countries are struggling to come up with an appropriate aid package or…

Read More

$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism, Corruption, Drug Trafficking

The U.S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.” The U.S. government is offering rewards of up to $15 million for any information leading to the arrest or conviction of Maduro. Also read: 2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It US Charges Maduro and Other Top Venezuelan Government Officials The U.S. Department of Justice (DOJ) announced on Thursday that 14 high-ranking Venezuelan officials, including President Nicolas Maduro Moros, have been…

Read More

Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History

Bitcoin’s hashrate has plummeted 45% since the record-breaking levels it saw on Feb. 29. The hashrate touched an all-time high of 136 exahash per second (EH/s) but has since dropped to 75 EH/s. Moreover, the crypto network has seen the second-largest difficulty drop since October 2011. Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs Bitcoin Hashrate Declines 45% Since All-Time High The latest cryptoconomy price shift has capitulated a number of small mining operations and BTC’s overall hashrate has dropped 45% in 30 days. The…

Read More

‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal

While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches NYSD prosecutors Cite Strong Evidence Against Lawyer Mark Scott Filings from the New York Southern District Court (NYSD) reveal that the federal government’s prosecutors are not buying former attorney Mark Scott’s story. Scott used to work for the law firm Locke Lord…

Read More

Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer

Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary policies. Despite the fact that many Americans will be happy to get a $1,200 check from the Treasury, the move will essentially debase the U.S. dollar, reduce it’s purchasing power, and make every citizen poorer. Also read: US Real Estate in…

Read More

4 Virtual Crypto Conferences You Can Attend From Home

The crypto industry has had to quickly adapt to the escalating coronavirus pandemic, with major conferences postponed, canceled or hastily reformatted for the virtual realm. Due to its disproportionately high number of remote workers, though, the industry is more geared up for this new paradigm than many other sectors. Here are four virtual crypto events you can attend. Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs Blockdown Blockdown digital conference will debut on April 16-17 and will feature interactive talks, interviews, networking opportunities and AMAs.…

Read More

‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches

For years now the term “bitcoin” has managed to capture a tight relationship with specific trends and keywords online. News.Bitcoin.com decided to investigate the specific keywords, questions, comparisons, and prepositions that are often associated with the digital currency when people are searching for answers. Also read: US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows Keywords, Trends, and Searches Surrounding Bitcoin Bitcoin is an interesting subject to many of us who live and breathe in this industry. Moreover, newcomers sometimes hear about the technology in…

Read More