Bitcoin Miners Compete for Profitability Ahead of Halving: CryptoQuant
Bitcoin mining companies have increased their selling activity but are still facing challenges like lower transaction fees and increasing mining
Bitcoin is the first decentralized cryptocurrency, based on the blockchain technology. It doesn’t have a physical form as it’s entirely computerized. It’s stored in digital addresses and can be accessed using their private keys.
Back in 2009, Bitcoin was first introduced to the world. It was detailed in a whitepaper called Bitcoin: A Peer-to-Peer Electronic Cash System, published by the pseudonymous Satoshi Nakamoto, the identity of whom remains unknown.
Bitcoins are generated through a process that’s commonly referred to as mining. The main objective of miners is to validate the transactions on the network and to store them in blocks, which are then added to the ledger. Hence, the name – blockchain. For every added block, miners receive a reward in Bitcoins. They are also compensated for their work through the so-called mining fees.
Bitcoin is also the world’s first digitally scarce object. Its code is written in a way that would allow the existence of 21 million bitcoins. Once this number is reached, no new bitcoins will be added to the market, and miners will only earn profits by collecting fees.
Bitcoin mining companies have increased their selling activity but are still facing challenges like lower transaction fees and increasing mining
With much cheaper Bitcoin ETFs available, Canadian BTC investors are starting to abandon Purpose Investments.
Ethena Labs aims to strengthen USDe's backing, ultimately providing a safer product for its users leveraging BTC's expanding open interest.
USDT's market cap is currently more than $106.6 billion.
This cycle has exhibited some qualities from both the 2016 and 2020 halvings and, as a result, may repeat some
The outcome of PlanB’s latest analysis differs from his prediction in early February.
Friday is here again and that means Bitcoin options expiry day. Crypto markets have had a volatile week, so will
Binance’s Bitcoin NFT marketplace users must withdraw their NFTs by May 18.
BTC continues to trade below $66K, SHIB made some waves due to the development of Shibarium, while Ripple awaits the
Wood tagged BTC as a hedge against devaluation and loss of purchasing power and wealth.