What Does Hashrate Mean?
“Hashrate” refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin and Ethereum (prior to the 2.0 upgrade).
A “hash” is a fixed-length alphanumeric code that is used to represent words, messages...
Tesla made more money buying BTC in one day than it did selling cars last quarter
The electric car manufacturer has profited more from its $1.5 billion Bitcoin position in a single day than it did selling cars in Q4 2020. With its massive position pushing BTC’s price up over 23 percent, Tesla made over $365 million dollars between Feb....
Fintech Giant Adyen Has No Plans of Accepting Bitcoin as Payment Method
The announcement from the European fintech giant comes as a surprise to many as Adyen once allowed its clients to accept bitcoin as a payment option but has now revealed they longer support the cryptocurrency.
European fintech giant Adyen has revealed that it has zero...
America’s oldest bank BNY Mellon follows suit by introducing Bitcoin custodial services
An amazing week for Bitcoin has become even better as America’s oldest bank, BNY Mellon, jumps on board the crypto bandwagon. According to the Wall Street Journal, The U.S. investment bank said it would hold, transfer, and issue Bitcoin and other cryptocurrencies for its...
Twitter Considers Adding Bitcoin (BTC) to Its Balance Sheet
The Twitter CFO said that the company is working out options if they can pay salaries to their employees in Bitcoin along with allocating part of their treasury to BTC.Corporates are coming to Bitcoin (BTC) and things could escalate further after Tesla‘s recent entry....
Blue Ridge Stock Trading Halted by NYSE amid Volatility after Firm’s Bitcoin ATM Announcement
Blue Ridge Bankshares noted it is working with the duo of BluePoint, a national ATM operator, and LibertyX, a Bitcoin ATM software provider, to enable Bitcoin purchase and redemption at 19 of its machines in the United States.The New York Stock Exchange (NYSE) has...
Forget about Bitcoin Pizza, There Is BTC Tesla in Town
Lamborghini Newport Beach had accepted the Bitcoin (BTC) payment, however, it turns out that it failed to HODL the crypto.In the crypto community, we all have heard the popular story of buying a pizza with Bitcoin. However, it turns out that in the early...
Bitcoin Declines Nearly 8% Despite Encouraging Comment by Actress Lindsay Lohan
Yesterday Bitcoin lost its weekly gains. However, some experts are very optimistic about its future growth.The price of Bitcoin plunged nearly 8%, ignoring an encouraging comment from American actress Lindsay Lohan. Bitcoin recorded its major correction after reaching new highs earlier this week. The...
Why Jigstack Is Microsoft of DeFi
Like Microsoft, Jigstack is looking to provide appealing and user-centric services, albeit in a decentralized manner.It takes great efforts on the part of businesses to emerge as the powerhouse of their industry. As such, only a handful of companies have achieved this feat in...
ShapeShift CEO Erik Voorhees on Bitcoin’s future and Peter Schiff’s big gold mistake
Bitcoin’s rise in 2020 was marked by institutions purchasing the asset as a hedge against global inflation, a bleak economic outlook, and an overall low-yield environment in the traditional finance market.The year 2021 is not far behind in that regard. The first month saw...