BitcoinTina On Bitcoin – Bitcoin Magazine

Listen To This Episode: In the fifth installment of the “BitcoinTina On Bitcoin” series, CK and BitcoinTina discussed the potential bull market scenarios for bitcoin. In this podcast, they covered three different bitcoin price scenarios which are all very bullish but difficult and distinct to trade. #bitcoin has 3 potential price paths IMO.1. Parabolic up in 2021 then crash. Typical view of bitcoiners. Deep consensus. 2. up 2-5X each year 2021,2022,2023, with 20-40% corrections. Then front run 2024. 3. Massive repricing up $500K to $1 million 2021/22. Then sideways. —…

Read More

Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in the last 12 years. One aspect of the Bitcoin (BTC) network that people look at to measure the protocol’s overall health and growth is the hashrate. At the time of publication, the BTC hashrate is…

Read More

DEX and interoperability upgrades show TomoChain (TOMO) wants DeFi dominance

The cryptocurrency market started the year in full force and with all the bullish breakouts happening it can be difficult to discern which projects are simply being driven by the macro trend and which are making gains based on solid tech developments and improving fundamentals.  As the price of Bitcoin dropped more than $11,000 between Jan. 10 and Jan. 11, a number of altcoins saw double-digit losses but a few DeFi and layer 2-oriented coins bucked the trend and quickly recovered as BTC price consolidated. For example, TomoChain (TOMO) saw…

Read More

Bitcoin price rally to $37,850, signals that bulls intend to reclaim $40K

Bitcoin (BTC) price broke through the $35,000 resistance and appears to be stepping into a new range that would see the price trade between $38,000 to $40,000. Today’s recovery from the $34,000 level also appers to have invalidated what looked to be a bearish head and shoulders pattern forming on the 4-hour timeframe.  BTC/USDT 4-hour chart. Source: TradingView Reclaiming the $36,000 level as support may also assist with squashing the infantile narrative that Bitcoin price was entering a new bear market after this week’s 26.5% plunge shaved off $200 billion…

Read More

Understanding Bitcoin’s Scarcity – Bitcoin Magazine

Bitcoin is obviously scarce. And it seems to be becoming scarcer over time.  But, perhaps due to the current bull run, doubts about both of these propositions are seemingly on the rise among bitcoin skeptics. Criticisms come in a few different flavors. The main one that I have seen argues that bitcoin cannot be scarce because it is highly divisible. Recently, that particular line of reasoning was subject to some particularly colorful discussions on Twitter.  In this article, I want to clarify bitcoin’s scarcity. Let’s start with what the concept…

Read More

SV-Based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

PRESS RELEASE. Santa-Clara, CA – Taraxa’s newly released testnet was just put to use for a process auditing platform that minimizes operational friction in multi-party business processes. The Silicon Valley-based blockchain startup is building auditing solutions that infuse database-integrated systems with transparency and credibility by using data anchoring and cryptographic proofs to mathematically verify the origin and integrity of operational transactions. Cryptographically secured infrastructure and the flagship application Taraxa takes operational auditing to the next level with its cryptographically-secured audit log, finally solving the problem of capturing unstructured operational data…

Read More

Yearn proposes “buyback and build” strategy for YFI holders

The Yearn.finance community is introducing a proposal to reform the current token economics of YFI. Popularly called “buyback and build,” the proposal aims to bolster the project’s treasury while also generating value for all stakeholders. Its list of authors includes Yearn core developers Banteg, Tracheopteryx and Lehnberg, as well as Gabriel Shapiro, partner at BSV Law and occasional Yearn contributor. Currently, Yearn.finance uses a staking and dividends model. Holders must place their tokens in the yGov contract and receive a portion of the revenue generated by its yield strategies. This…

Read More

Compute North, Foundry Partner Up – Bitcoin Magazine

Compute North, one of the largest bitcoin mining companies in North America with mining farms in Big Spring, Texas; Kearney, Nebraska; and North Sioux City, South Dakota, is taking a great leap forward through a new partnership with financial services firm Foundry Digital, a subsidiary of Digital Currency Group based in Rochester, New York. Through the partnership, Foundry will supply 14,000 new Whatsminer M30S mining rigs from MicroBT to be hosted at Compute North’s North American colocation facilities. Compute North will commit 47 megawatts of power to these rigs beginning…

Read More

Four cryptocurrency block reward halvings to look out for in 2021

Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings. Past attempts to predict when Bitcoin’s (BTC) price would increase in relation to halvings have proved inconsistent at best. However, few would be willing to quickly discount the mechanisms described in the law of supply and demand. All things being equal, as the number of coins available on…

Read More

Arxnovum files Bitcoin ETF application with Canadian securities regulators

Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to a preliminary long form prospectus, Arxnovum plans to list its new Bitcoin ETF on the Toronto Stock Exchange. The listing is subject to the approval of the TSX in accordance with its original listing requirements. “The TSX has not conditionally approved the listing application of the…

Read More