📈 The overall security of the Bitcoin protocol, or hash rate, surged to all-time high.
The Bitcoin mining hash rate peaked at 258 exahashes per second (EH/s) on Oct. 4, according to Braiins Insights, a mining data tools and metrics company.
Thus, despite the price being down over 50% year to date, the mining hash rate is up 43% ✔️
#blockchain #blackfort #crypto #cryptowallet #bitcoin #btc #hashrate #news #cryptonews
The Bitcoin mining hash rate peaked at 258 exahashes per second (EH/s) on Oct. 4, according to Braiins Insights, a mining data tools and metrics company.
Thus, despite the price being down over 50% year to date, the mining hash rate is up 43% ✔️
#blockchain #blackfort #crypto #cryptowallet #bitcoin #btc #hashrate #news #cryptonews
📉 The reserves held by mining firms have decreased considerably during the latter half of 2022, particularly throughout November, as the crypto industry reeled from the effects of the FTX fallout.
With the cost of production for miners increasing while the Bitcoin price has been decreasing, miners such as Core Scientific have been forced to sell some of their reserves at a loss to fund their ongoing operations and efforts to expand.
As a result, publicly listed Bitcoin miners sold off nearly everything they mined in 2022 💎
#blockchain #bitcoin #btc #crypto #cryptocurrency #news #cryptonews
With the cost of production for miners increasing while the Bitcoin price has been decreasing, miners such as Core Scientific have been forced to sell some of their reserves at a loss to fund their ongoing operations and efforts to expand.
As a result, publicly listed Bitcoin miners sold off nearly everything they mined in 2022 💎
#blockchain #bitcoin #btc #crypto #cryptocurrency #news #cryptonews
🌐 Bitcoin can hit $10 million per coin or more as it eats 25% of the global wealth.
💡 According to Bitcoin expert advisor Jesse Myers, Bitcoin may struggle with “brutal” volatility, but hodlers and critics alike should be in no doubt about its long-term price trajectory.
💬 “Bitcoin has an unthinkable property: it gets more valuable over time. Gold is good at storing purchasing power, but Bitcoin grows purchasing power,” Myers' blog post reads.
#cryptocurrency #investing #BTC #cryptonews #crypto
💡 According to Bitcoin expert advisor Jesse Myers, Bitcoin may struggle with “brutal” volatility, but hodlers and critics alike should be in no doubt about its long-term price trajectory.
💬 “Bitcoin has an unthinkable property: it gets more valuable over time. Gold is good at storing purchasing power, but Bitcoin grows purchasing power,” Myers' blog post reads.
#cryptocurrency #investing #BTC #cryptonews #crypto
📈 The deflation rate of Ether has reached its highest level of the year, making individual ETH tokens scarcer.
Despite the recent drop in THE/USD, analysts believe this could boost its price in the long run.
🚀 Network upgrades and a potential DeFi resurgence could also boost #Ethereum.
💡 However, bulls may need to be patient as ETH's near-term outlook looks bumpy.
#cryptocurrency #investing #BTC #cryptonews #crypto
Despite the recent drop in THE/USD, analysts believe this could boost its price in the long run.
🚀 Network upgrades and a potential DeFi resurgence could also boost #Ethereum.
💡 However, bulls may need to be patient as ETH's near-term outlook looks bumpy.
#cryptocurrency #investing #BTC #cryptonews #crypto
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Fidelity Digital Assets is bullish on ETH, forecasting a strong rise in the next 12 months!
And that's not all! According to a survey by CryptoVantage, a whopping 47% of investors expect Ether to "surpass" Bitcoin 📈
👉 Follow us for the latest news!
#BTC #ETH #DigitalAssets #crypto #cryptoinvestors
And that's not all! According to a survey by CryptoVantage, a whopping 47% of investors expect Ether to "surpass" Bitcoin 📈
👉 Follow us for the latest news!
#BTC #ETH #DigitalAssets #crypto #cryptoinvestors
Africa’s blockchain journey begins with poverty alleviation
SumoTrust CEO, GT Igwe Chrisent, emphasizes the need to tackle poverty before widespread blockchain adoption. At SIBAN Digital Assets Summit 2023, he stressed that economic stability is key.
Despite challenges, Nigeria leads in Bitcoin curiosity. Preserve this moment with an NFT and support crypto journalism 💪📈
#news #BTC #crypto
SumoTrust CEO, GT Igwe Chrisent, emphasizes the need to tackle poverty before widespread blockchain adoption. At SIBAN Digital Assets Summit 2023, he stressed that economic stability is key.
Despite challenges, Nigeria leads in Bitcoin curiosity. Preserve this moment with an NFT and support crypto journalism 💪📈
#news #BTC #crypto