The last time Bitcoin fell below $100,000 was on June 23, 2005. After almost five months above $100K, Bitcoin has once again dipped to a price of $98,892. This move wiped out approximately $1 trillion in total crypto market capitalization and triggered over $1.3 billion in leveraged liquidations across exchanges. The sell-off appears to be […]
Elon Musk, owner of the X social media platform, posted recently that Bitcoin is based on energy, and further stated energy can not be faked like fiat issued by governments. True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it […]
Square has introduced Square Bitcoin, the first fully integrated bitcoin payments and wallet solution built for local businesses of all sizes. Square Bitcoin enables sellers to accept bitcoin payments with zero processing fees, automatically convert card sales into bitcoin, and manage their bitcoin alongside their other business finances within the Square ecosystem. Square Bitcoin features: […]
The largest prediction market Polymarket now accepts bitcoin deposits. Polymarket is a decentralized cryptocurrency-based prediction market platform where users can buy and sell shares representing the outcomes of real-world events, such as elections, sports, or other future occurrences, effectively betting on what they believe will happen. Launched in 2020 and headquartered in Manhattan, New York […]
Bitcoin’s network hashrate has surpassed 1 ZH/s for the first time on a sustained basis, with the 7-day simple moving average hitting this mark around early September and recent daily figures fluctuating around 1.08–1.09 ZH/s (or 1,080–1,090 EH/s). The hashrate in 2024 hovered around 600–800 EH/s. The recent increase in hashrate represents a roughly 25–30% […]
House Committee on Financial Services members have sent a letter to Securities and Exchange Commission (SEC) Chairman Paul Atkins expressing support for Executive Order 14330, which allows 401(k) investors to access alternative assets, such as Bitcoin, and urges the SEC to take a