The hash rate for Bitcoin set a record high of 231,428 EH/s on June 12. The price of this coin plunged to less than $20,000 per coin on June 17. Analysts say the mining difficulty must fall or the Bitcoin price must rise for miners to benefit. Bitcoin miners reduce or “plug” miners because of … Read more
After Bitcoin and Ethereum fell below crucial support levels of $20,000 and $1,000 on Saturday morning. The selloff accelerated as HODLers seek the bottom “We are on the path of maximum pain.” On Friday, Antoni Trenchev Just after 3 a.m. on Saturday morning, Bitcoin dropped below $20,000 for the first time. The following hour, Ethereum … Read more
“This is my third crypto winter,” the CEO of a U.S. brokerage stated at Consensus 2022, reflecting on the firm’s pioneering path into digital assets. Fidelity, attracted by this “clean-slate approach to finance and moving wealth,” Johnson remembered, came up with “about 52 use cases” for Bitcoin. Fidelity Investments chairman and CEO Abigail Johnson told … Read more
Cameron and Tyler Winklevoss, billionaire bitcoiners, are laying off 10% of Gemini’s workers. Twins stated that the business is in a “contraction phase” known as “crypto winter,” which has been “further compounded by the current macroeconomic and geopolitical turmoil.” Cameron and Tyler Winklevoss, billionaire bitcoiners, are laying off 10% of Gemini’s workers, a first for … Read more
