New Study Highlights the Many Positives of Bitcoin Mining

New Study Highlights the Many Positives of Bitcoin Mining

It’s become fashionable in public circles to bash Bitcoin on account of its energy consumption. Virtually every week, mainstream media (MSM) attacks bitcoin mining, painting alarmist pictures of a planet burning due to the ‘wasteful’ design of Proof of Work. The reality is less cut-and-dried. Bitcoin’s defenders have been hitting back lately, with one new…

How Venezuela Came to Be One of the Biggest Markets for Crypto in the World

How Venezuela Came to Be One of the Biggest Markets for Crypto in the World

Venezuela’s adoption of Bitcoin is a tale of rampant hyperinflation and cryptocurrency evangelism. Venezuela has been living with hyperinflation since at least 2014. Its national currency — the Venezuelan bolívar — hit an official inflation rate of 57.3 percent in February 2014, while independent currency analysts were reporting that, by that September, the real inflation…

Satis Predicts Market Cap of Cryptocurrencies Exceeds $1 Trillion in 2021

Satis Predicts Market Cap of Cryptocurrencies Exceeds $1 Trillion in 2021

Initial coin offering (ICO) advisory firm, Satis Group, has published a report detailing a number of predictions for the cryptocurrency industry – estimating that the total market capitalization of all combined virtual currency markets will reach nearly $3.6 trillion USD by 2028. Also Read: August Markets Report: Heavy Selling Across Leading Crypto Markets  Satis Predicts $500…

Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees

Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees

The number of transactions on the Bitcoin Cash network surged up to 2.1 million on “BCH Stress Test Day,” as transaction fees remained low. The Bitcoin Cash (BCH) network experienced over 2.1 million transactions on September 1 as a result of the recently launched BCH stress test, according to data from BitInfoCharts.Bitcoin Cash transactions historical…

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