Not one, nor two, but three small bitcoin miners were able to find valid block hashes and add new blocks to the Bitcoin blockchain while mining solo in a two-week span last month, a string of events with such small odds of happening that many in the Bitcoin community were left wondering how it could even be possible. Bitcoin Magazine…
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income Indian Finance Minister Nirmala Sitharaman…
As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social media platforms, the need for tangible, decentralized alternatives has continued to grow rapidly. For perspective, in 2019, Facebook was ordered to pay a mind-boggling $5-billion fine by the United States Federal Trade Commission for improperly…
A significant cache of Bitcoin stolen in the 2016 Bitfinex exchange hacking incident was moved on Tuesday morning. The movements were detected by blockchain analytics platform WhaleAlert, with the receiving address containing 94,643 Bitcoin ($3.63 billion) sent in 26 transactions. Some of those transactions transferred 10,000 Bitcoin each, according to on-chain data. Source: WhaleAlert Bitfinex was hacked on August 2,…
Listen To This Episode: Bitcoiners like to read. Something about the knowledge expansion offered by Bitcoin is addicting — and in the pursuit of learning, there is no substitute for reading. And for all of the wonderful Bitcoin knowledge and related knowledge we have, it must have been written! As Shawn Amick explained, he takes his writing seriously because it…
beginner If you have ever been interested in any form of trading or financial markets, you have probably heard the terms “bid” and “ask.” But what do they mean, and how can learning more about them help you increase your profits? The Bid Price The name “bid” price refers to the fact that you’re basically bidding an X amount of…
Cryptocurrencies traded higher to start the month of February, as markets look to forget January’s red wave. ETH is trading close to 10% higher as of writing, with bitcoin gaining almost 4% today. Bitcoin Bitcoin, which fell by as much as $16,000 last month, has recently started to regain some steam, climbing by over 11% in the last week. This…
Ethereum’s native token Ether (ETH) looks ready to continue its ongoing rebound move toward $4,000, according to a technical setup shared by independent market analyst Wolf. Classic bullish reversal pattern in the works? The pseudonymous chart analyst discussed the role of at least three support levels in pushing the ETH price up by nearly 30% from its local bottom of $2,160.…
MicroStrategy bought 660 more bitcoin for $25 million as the price dipped below $40,000 per coin.The software intelligence company now holds over 125,000 BTC in its treasury, bought for $3.78 billion.This is the first announced purchase of the year for the world’s largest corporate holder of bitcoin. MicroStrategy, the software intelligence company that since 2020 has been accumulating bitcoin nonstop…
Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to government estimates. A Bloomberg report noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most significant crypto exchange users in the country along with a few other data points, said…
