Bhutan is planning to use its vast hydroelectric power resources to generate positive and sustainable profits from different assets, including cryptocurrency. Bhutan’s investment division has been mining bitcoin for a few years now in order to diversify its portfolio, using its large hydroelectric network to generate sustainable returns across different asset classes. According to The…
Bitcoin has had a good month again, which means April is the fourth month in a row with gains, as per Coinglass data. Bitcoin’s positive performance in the last four months has continued despite a banking crisis. This shows that the closure of Silvergate and Silicon Valley did not have any impact on Bitcoin. Bitcoin’s…
In April, the daily record for new inscriptions was broken four times. The amount of Bitcoin transactions is very high, possibly even the highest it has ever been. On Saturday, there was a significant increase in the use of Ordinals, a technology that records digital assets on Bitcoin, making assets similar to NFTs on Ethereum….
Block has finished creating a new prototype of its ASIC chip. This will help them bring an “open source” Bitcoin mining machine to market faster. Block, a company owned by former Twitter CEO Jack Dorsey, has finished designing a prototype for a new Bitcoin mining chip that uses 5nm technology. The company claims that this…
Litd is a tool that helps with managing nodes, and it makes certain tasks easier for users. The new account system now allows many users to use a single Lightning node. Lightning Labs, a company that works on Bitcoin technology, has improved the usability of its node management tool, Litd. The Lightning Network, which Lightning…
On April 29th, 2023, at a certain time, the Bitcoin network reached a point where there are now less than 52,500 blocks left until the next “reward halving.” This is a cycle of 210,000 blocks, and when it’s done, the amount of Bitcoin given as a reward for discovering each block will be cut in…
The Bitcoin network is doing well, and the mining difficulty has gone up because of the recent adjustment made by the protocol. According to data from Glassnode, a crypto on-chain analytics platform, the new adjustment has made it harder to mine a block, and it now requires a very large number of hashes, which is…
A measure called the “LTH-SOPR” is showing that people who have held onto Bitcoin for a long time are selling it at a profit. This means that the time when the value of Bitcoin was going down a lot (called a “bear market”) might be over now. People who have owned Bitcoin for a long…
Crypto prices rose overnight and into Wednesday morning, as bitcoin and ether gained value. Bitcoin was worth $28,330 at 3:30 a.m. EDT, an increase of 3.7% over the previous day. This bump in value came amid issues at First Republic, a U.S. bank that saw $102 billion in deposit outflows during the first quarter of…