Archived Posts

Crypto advocate and techie John McAfee was found dead in his jail cell at the Brians 2 Penitentiary Center on Wednesday, as per a report from the Spanish international news agency EFE. McAfee Associates, who was born in 1945, established his first software business McAfee in his early forties. At that time, his firm was   Read more...

About 69,000 Bitcoin, as well as siblings who ran the crypto business, have disappeared from a South African investment scheme. Even though facts are still to be established in court, Bloomberg reports that if it ends out to be an exit scam instead of a cyberattack, it would be the largest in history. There were   Read more...

Canaan, a major Chinese cryptocurrency miner, has made an announcement on its crypto mining operations in Kazakhstan, despite China’s continued clamp down on Bitcoin (BTC) mining. Canaan said on Monday that it has begun operating its own cryptocurrency mining operation in Kazakhstan, utilizing its newest Avalon Miner machines. The company’s entry to Kazakhstan is a   Read more...

New entrants in the crypto market are fearful that the big drop in Bitcoin price will create a massive sell-off, although institutional investors are buying the dip and stockpile more Bitcoin. MicroStrategy is leading the charge, having stated earlier this week that it had spent $489 million on 13,005 Bitcoins. Their entire purchase now stands   Read more...

Bitcoin has had a difficult time since hitting an all-time peak in mid-April. BTC is expected to depreciate for the third month in a row. The cryptocurrency has dropped to just around $31,000 in the last 24 hours, losing almost $2,000 from its intraday peak. It has shed over 25% of its valuation in the   Read more...

According to reports, the Bank of Israel has already developed a central bank digital currency, the digital shekel, as part of a pilot program. The Bank of Israel’s deputy governor, Andrew Abir, revealed the info to the Jerusalem Post on Monday. He stated that the financial institution has begun a trial of the digital shekel.   Read more...

Plan B, the developer of the renowned stock-to-flow methodology, has revealed his worst-case Bitcoin price forecast for 2021. Plan B clarified that his current projection is neither a start point nor a perfect scenario, and that it is still based on the S2FX. Plan B said in a tweet yesterday that the lowest price BTC   Read more...

Only two days remain for the London update to be implemented on the Ethereum testnets. Four days back, the Ethereum Foundation announced the specifics of the London overhaul. The most anticipated London upgrade is set to go live on June 24th, as per the statement. In his latest tweet, Tim Beiko of the Ethereum Foundation   Read more...

Bitcoin’s hashrate has dropped to its eight month (Nov 2020) low as Chinese mining companies begin to shut down. Bitcoin’s network hashrate, a metric of the computing power employed by miners to run the network, has dropped by 46% from its high in mid-May. Bitcoin hashrate is presently 91.2 EH/s (quintillion hashes per second), a   Read more...