Bitcoin for dummies

Bank of Ghana to foster financial inclusion through CBDC project

Kwame Oppong, an executive at Ghana’s central bank, told Cointelegraph that a CBDC could give their citizens the opportunity to use a “decent form of payment.” INTERVIEW   As more countries make progress in terms of developing and implementing central bank digital currencies (CBDCs), Ghana’s central bank aims to keep up and complete its research on CBDCs with …

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Bitdeer to invest in lending fund for bitcoin miners: Report

Bitdeer to invest in lending fund for bitcoin miners: Report

QUICK TAKE Bitcoin mining company Bitdeer’s chairman Jihan Wu is launching a lending fund of up to $250 million for “distressed” mining companies. The decline in bitcoin prices, coupled with factors like rising energy prices has slimmed margins for these companies. Jihan Wu, chairman of bitcoin mining company Bitdeer, is launching an investment fund for …

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Crypto community anticipates bullish price for Ethereum by end of October 2022

Crypto community anticipates bullish price for Ethereum by end of October 2022

The cryptocurrency market is again showing signs of recovery, with most of its assets trading in the green – both in their daily and weekly charts – including one of its largest tokens – Ethereum (ETH), leading the crypto community to predict its further improvement by the end of October. As it happens, the community votes at CoinMarketCap have …

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Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?

ETHPoW’s hash rate and total value locked have risen significantly during its latest bull run. ALTCOIN WATCH   ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch. Bull trap risks surround ETHW market ETHW rebounded more than 150% eight days after the …

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Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

QUICK TAKE GBTC is trading at a discount of -35.26% as of Friday. The latest low comes four months after its previous all-time low of 34%. Grayscale is in the process of suing the SEC after its application to convert to a spot bitcoin ETF was rejected in June. The Grayscale Bitcoin Trust (GBTC), which …

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What Cardano’s Vasil hard fork means for the blockchain

Cardano’s Vasil hard fork seeks to enhance the platform’s transaction throughput speeds, DApp development capacity, security and general usability. ANALYSIS   After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput …

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Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play

Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different. ALTCOIN WATCH   Cardano’s (ADA) long-awaited Vasil update went live on Sept. 22, which promises to make its blockchain more scalable and cheaper than before. However, this has failed to bring bullish momentum to the ADA market. Sell-the-news hampers Cardano ADA’s price has …

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Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Edward Moya, market analyst at broker Oanda, recently told Barron’s that Bitcoin’s anemic performance suggests that the cryptocurrency’s long-term holders remain unfazed by the ongoing market turbulence. Oanda argues that the crypto king, which is known for its high volatility, is supposed to significantly underperform the equities market. For instance, when the stock market is …

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Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Being long on the bitcoin price is a sounder strategy today than being long on the British Pound as the currency touches historic lows against the US dollar. Unfortunately for Brits, this is not a trading decision because if you get paid in GBP you are long sterling. Should Brits get paid in BTC? Bitcoin price outlook …

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Bitcoin mining hash rate reaches a record as shift to renewables accelerates

Bitcoin mining hash rate reaches a record as shift to renewables accelerates

With Bitcoin’s (BTC) price struggling below $20,000, the asset’s mining activity appears to be thriving, with competition among miners continuing to grow. Consequently, this scenario has resulted in the Bitcoin mining hash rate hitting a new record high. Indeed, as of September 25, Bitcoin’s mining hash rate spiked to a new all-time of 226.633 EH/s …

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