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Bitcoin Hashrate Drops 30% — A Bullish Sign, Say Insiders

A 30% drop in hashrate was predicted by industry insiders, who believe it to be bullish for Bitcoin.Bitcoin (BTC) hashrate has decreased by 30% in the last three days in line with the predictions made by industry insiders. Before the halving, Cointelegraph surveyed a number of industry insiders about their expectations for post-halving changes in h..

May 15, 2020 Read More

Bitcoin News

FTX Launches Futures Contracts on Bitcoin Hashrate

In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network.Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, the new product drew mixed reactions from the co..

May 15, 2020 Read More

Bitcoin News

Europe Heats Up Competition in Bitcoin Mining, Layer1 Plans Bold Move in US

As China’s dominance in Bitcoin (BTC) mining has already decreased this year, Europeans are taking even more steps to become more attractive to crypto miners. At the same time, BTC miners in the US also have ambitious plans.While Ukraine plans to offset the financial chaos of the coronavirus pandemic with nuclear-powered crypto mining, the most r..

May 15, 2020 Read More

Altcoin News

Bithumb Delists Monero as Telegram Nth Room Rape Video Anger Festers

South Korean crypto exchanges have said their final farewell to monero (XMR) after Bithumb, the last major trading platform still trading in the token, officially delisted it yesterday. The so-called privacy token has endured a torrid past few weeks in South Korea, after media outlets unearthed evidence that the admins of a notorious sexual exploit..

May 15, 2020 Read More