BITCOIN

Block Bitcoin Wallet Team Reveals Plans and Seeks Comments

Source: Adobe Stock / vania_zhukevych Twitter founder Jack Dorsey’s payments company To block shared more details on its previously announced portfolio, focusing on plans to combine security and ease of use/access to create a broader, less “hesitant” customer base. Just over a year ago, in July 2021, the company, then called Square, confirmed that it …

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Building a Bitcoin Village in Nigeria – Bitcoin Magazine

Nigeria is a unique country in West Africa, geographically located between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18% and currency depreciation is sometimes a daily occurrence. If you’ve never had a backpack full of useless naira, you wouldn’t understand. In …

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Even after Bitcoin ban, China still accounts for 20% of the hash rate

When valuing a stock, it is important to predict the potential value of the company in the future. Part of the analysis should include whether the business itself has longevity. A good company should stay, even if it has suffered a major blow to its infrastructure or its stock price. A stock of a company …

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Marathon Digital Posts Negative Second Quarter Results, But Increases Bitcoin Production 8% Per Year – Mining Bitcoin News

Marathon Digital, one of the largest mining companies in the Bitcoin ecosystem, has released its financial results corresponding to the second quarter of the year. The company revealed that even after increasing its production by 8% compared to the second quarter of 2021, it recorded a depreciation of $127.6 million on bitcoin holdings due to …

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What does the BSV investor lawsuit mean for Bitcoin and digital currencies in the UK?

News broke that BSV Claims Limited had launched a £9.9 billion class action lawsuit against digital currency exchanges Binance, Kraken, Shapeshift and Bittylicious. The class action order, which is the UK equivalent of a class action in the US, accuses the exchanges of colluding to de-list BSV without cause, reducing, preventing and distorting competition in …

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Do digital tokens like bitcoin have the characteristics of Fiat currency?

Cryptocurrencies like bitcoin have always been controversial due to their correlation with Fiat currency. However, some people are very rigid in their mindset. They think cryptocurrencies will always be tied to Fiat money, but that’s only partially true. There are some significant similarities and differences between them; therefore, we cannot say that bitcoins are like …

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Sphere 3D Bitcoin Production Stable in July Amid US Customs Issues and Crypto Winter

Carbonless mining company Sphere 3D’s July 2022 report showed it managed to maintain its usual performance in July, even though all 4,000 new mining rigs were held up at US customs during the winter market. , where mining companies have suffered significant blows. . The company expects 4,000 S19J Pro mining machines to be delivered …

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Bitcoin is not a panacea

Digital money like Bitcoin has become expensive and important, perhaps because people think these forms of “money” are superior to “regular money”. Don’t think you can adequately protect yourself against the current deadly combination of inflation and recession between East and West by using digital currencies such as Bitcoin instead of regular cash. The reckless …

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Bitcoin Mining Now Uses 10.9% More Renewable Energy, Unreported

Bitcoin mining may not be the great evil we’ve been led to believe, says Daniel Latte. Since China’s ban, the Bitcoin Mining Council reports a significant increase in the use of renewable energy. In some circles, they have been questioned due to the fact that it relies on self-reported data. To avoid this criticism, I …

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