Without Bitcoin nodes, Bitcoin as we know it would only be a concept known by a few computer scientists. Bitcoin nodes are the underlying infrastructure of the Bitcoin network, securing and maintaining it. But despite their importance, Bitcoin nodes are often misunderstood or not understood at all. In this article, we’ll explore what Bitcoin nodes are, as well as the…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. DXY Annual Change Signals Crises Unfolding As the Federal Reserve, who holds sole control over the monetary policy of the world…
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge Freezes 3AC’s Assets Judge Martin Glenn, a United States bankruptcy…
Blockchain analytics service Nansen has published its NFT Indexes Report for the second quarter of 2022, showing the market dynamics and quantitative performance of nonfungible tokens (NFTs) over the last three months. The report identifies and determines key factors contributing to the well-documented NFT bear market, including Ethereum-based volume and transactional metrics, as well as market capitalization, among others. Commencing…
The Israel-based team behind StarkWare has taken another step towards decentralization: The launch of a native token. According to details seen by Decrypt, the token is part of a two-pronged agenda to become a “public good like Ethereum or the Internet.” The second aspect of today’s announcement revolves around the launch of the StarkNet Foundation, a non-profit organization. The StarkNet Foundation…
CPI inflation data for the month of June rose to a 40-year high of 9.1%.The highest price increases occurred in the energy sector with fuel and oil prices rising over 98%. Bitcoin struggles to hold $19,000 at press time, down 35% from last month’s $29,500. The Bureau of Labor Statistics (BLS) released U.S. Consumer Price Index (CPI) inflation data for…
Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are still under $20,000 following a…
The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA) region. According to a survey conducted by crypto exchange KuCoin, around three million Saudi Arabians (or 14 percent of the adult population aged 18 to 60) have become…
Bitcoin (BTC) fell $800 in minutes on July 13 as the latest United States Consumer Price Index (CPI) data came in far ahead of estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar smashes new 20-year highs on hot CPI Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dived under $19,000 minutes after the June CPI print, which…
Last year, the word “crypto” was trending all over the internet as the crypto market was generally flourishing. However, now it appears that the good fortunes of digital coins havee waned as cryptos have slipped into a serious bear market. Bloomberg recently reported that while the short-term investors wasted no time in dumping their holdings, even the old-timers are now…
