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πŸ’Ž @TgBitcoin
​Intel announced the launch of a new bitcoin mining processor

At the virtual ISSCC, Intel announced a new application-specific integrated circuit (ASIC) for mining, BonanzaMine. The company intends to compete with processors from Bitfury, Bitmain and Canaan.

Earlier this month, Intel expressed its intention to run in the cryptocurrency mining industry, stating that ASICs are "1,000 times" faster than other graphics processing units (GPUs).
They've been used in mining since the early days of the industry.

Also at the conference, the company demonstrated its BonanzaMine system, consisting of 300 BonanzaMine ASICs with a capacity of 40 teraches and consuming 3.6 kW of power.
Intel claims that even higher hashing speeds can be achieved if needed.

The BonanzaMine system is a worthy competitor to ASICs such as Bitfury Clarke and Canaan Avalon A9.

The Intel system consumes 55 joules per terahesh at 47.7 terahesh/s. The Bitfury Clarke can reach 40 terraches/s at 56 joules/terahesh, while the Canaan Avalon A9 can reach 30 terraches/s at 58 joules/terahesh.

πŸ’Ž @TgBitcoin
Bitcoin is proving itself as a safe haven in times of global uncertainty

It has outperformed every other asset class by orders of magnitude since the Ukraine invasion.

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πŸ‘‰πŸΌ @TgBitcoin
Russians are paying up to $20,000 above market rate to buy Bitcoin (in p2p)

Sanctions bite leading to the collapse of the ruble. Data suggests Russians are turning to Bitcoin to protect themselves from the fallout.

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πŸ‘‰πŸΌ @TgBitcoin
The number of bitcoin nodes has reached 15,000

Each one of these nodes holds a full copy of the bitcoin blockchain. Starting from the very first transaction that Satoshi Nakamoto sent thirteen years ago, these nodes record and audit every. single. one.

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πŸ‘‰πŸΌ @TgBitcoin
EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report

A new version of the Markets in Crypto Assets (MiCA) legislation removes controversial wording that would have banned cryptos like bitcoin (BTC) that rely on the proof-of- work blockchain-based algorithm.

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πŸ‘‰πŸΌ @TgBitcoin
The Bybit exchange listed the ERTHA token

ByBit's listing in the current challenging times for the market will allow Ertha to solidify its position as one of the leading metaverse tokens.

The project further increases its accessibility to potential investors and maintains its growth momentum, while the development team intends to launch the largest metaverse of 2022.

NFT Ertha's sales numbers have been virtually unaffected by adverse industry events.
The project has already sold more than 22,000 plots of land, allowing their owners to generate income.

πŸ’Ž @TgBitcoin
β€˜Mexico Is On The List’—Other Countries Could Soon Follow El Salvador Into Bitcoin

Samson Mow, the chief strategy officer at bitcoin infrastructure company Blockstream since 2017 and an advisor to El Salvador during its adoption of bitcoin, has announced he's leaving the company to focus on furthering "nation-state bitcoin adoption"β€”and naming Mexico as "on the list" of countries that could adopt bitcoin.

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πŸ‘‰πŸΌ @TgBitcoin
Bitcoin  ETF in Canada hit a new All-Time High of 33,501 BTC 

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πŸ‘‰πŸΌ @TgBitcoin
Investors saw in the conflict between Russia and Ukraine an opportunity to profitably buy bitcoin

The most capitalized cryptocurrency - bitcoin - began the new workweek with a wave of growth, turning into a correction.

Lots of participants in the cryptocommunity see the potential for a decline in the BTC rate in the near future.

Analyst Lark Davis paid attention to the signals of the indicators: bitcoin fell below the moving averages EMA21 and MA 50.
From the point of view of technical analysis, this behavior of the asset indicates the prospect of its further decline.

"In 5 years it won't matter at what rate you bought bitcoin: at $69K, $50K, $33K or other current prices," Lark Davis wrote, hinting at the growth potential inherent in bitcoin.

πŸ’Ž @TgBitcoin
πŸ’₯ Flexport CEO: Every global logistics provider will add Bitcoin  to balance sheet πŸ™Œ

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πŸ‘‰πŸΌ @TgBitcoin
Half of the bitcoin payments on Steam were fraudulent - Gabe Newell

"We had problems when we started accepting cryptocurrencies as a payment option.
50% of those transactions were fraudulent, which is a mind-boggling number. These were customers we didn't want to have,"
Newell said.

The head of Steam stressed that bitcoin's volatility was a "total nightmare" for the company, as customers resented the dramatic price changes.

He also acknowledged there is "really a lot of interesting technology" in blockchain.
Still, he doesn't see why people really need "distributed ledger" technology.

Newell said even the NFT market is full of fraudulent schemes.

πŸ’Ž @TgBitcoin
BTC accumulation phase begins

Newbies who joined last year are evolving to long-term holders. The market cap for 6-month+ old BTC takes 52% now. It was 13% at the cyclic top.

Unlikely to hit the previous low($28k) as the newbies will wait for other newbies in the next cycle.

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πŸ‘‰πŸΌ @TgBitcoin
BREAKING: Charles Schwab ($7.5 trillion AUM) files for a Crypto Economy ETF

The index-tracking fund would invest primarily in the stocks of companies involved in the space.

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πŸ‘‰πŸΌ @TgBitcoin
The majority of Bitcoin wallet groups are currently in net accumulation, with the smaller holders being the most aggressive.
This map represents the Bitcoin accumulation account for each wallet group.

🟦 indicates what objects are adding to their balance.
πŸŸ₯ indicates that objects do not accumulate.

πŸ’Ž @TgBitcoin
Crypto adoption = Internet adoption in the 90's

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πŸ‘‰πŸΌ @TgBitcoin
Fear and Greed Index

The index displays a value of 20, pointing to extreme fear.
Uncertainty persists as the Ukraine-Russia crisis persists.

Pay attention to the FOMC meeting on March 15-16.
Possible Fed rate hikes create uncertainty in the market.

πŸ’Ž @TgBitcoin
BREAKING NEWS: Bitcoin , Tether & the City's LVGA token will become de facto LEGAL TENDER in Lugano

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πŸ‘‰πŸΌ @TgBitcoin
The number of Cardano (ADA) wallets grew by 3.6% in February

The number of wallets storing Cardano cryptocurrency, ADA, has increased dramatically in 2022.
Since the beginning of February, 4,565 new wallets have been added to the network daily.

A significant portion of the coins are blocked on stacking. According to Cardano Blockchain Insights, users have deposited 69% of all ADAs on the stack, effectively removing them from circulation, reinforcing the shortage and bullish pricing dynamics.

At the time of posting, there were 3,105,843 wallets registered online.
Cardano wallets increased 13,000% year-over-year in December 2021 as interest in the asset began to grow.

πŸ’Ž @TgBitcoin
Russia has been accumulating gold for years.

πŸ’₯BREAKINGπŸ’₯

🚨Russia returns to Gold standard🚨


The government will abolish the VAT (tax) on bullion. This Bill will go to the State Duma on March 4. Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
- Counter sanctions commission.

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πŸ‘‰πŸΌ @TgBitcoin
While the Fed Monitors the β€˜Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes

Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will β€œneed to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine, noting that the β€œimplications for the U.S. economy are highly uncertain” and the Fed β€œwill be monitoring the situation closely.”

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πŸ‘‰πŸΌ @TgBitcoin