Monthly Archives: January 2022

Why January Is A Historic Month For Bitcoin

What makes the first month of the year such an important part of Bitcoin’s history? It’s almost difficult to believe that later in 2022, Bitcoin will celebrate its 14th “birthday.” Over the last 14 years, Bitcoin has made great strides, growing ridiculously and setting itself up to usurp the U.S. Dollar as the world’s reserve currency. Although Bitcoin has been around for what seems to be forever, the month of January has been important over the years with several historic events and milestones in Bitcoin’s past. 2009: […]

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Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest Miner Processes 198 Terahash per Second of Computing Power Bitmain announced the launch of a new miner called the Antminer S19 Pro+ Hyd on January 17, 2022. “The Antminer S19 Pro+ Hyd. […]

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Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a low of 167 EH/s three days ago. The lower price and difficulty rise has put a squeeze on bitcoin mining profits. Mining Difficulty Makes Block Rewards Harder to Find, Bitcoin’s Lower Price Makes It Less Profitable for Miners Bitcoin’s hashrate remains […]

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Replacing The U.S Dollar With Bitcoin: Dismantling Fiat Architecture

Using the OSI model helps us understand fiat architecture and how to scale a network like Bitcoin to replace it. This is the second article in a series about lessons that can inform bitcoin’s replacement of the U.S. dollar. Read the first article in the series, on leaving the gold standard, here. The Open Systems Interconnection (OSI) model gives seven layers of computation that allow a network effect to emerge. The network model used today is the TCP/IP model. When the two are compared, OSI is known […]

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Blockchain metaverse ecosystems gain traction as brands create digital experiences

Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on? Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online.  While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the case, as a handful of businesses including […]

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Vibe killers: Here are the countries that moved to outlaw crypto in the past year

From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools. Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the Central Bank of Russia called for a ban on both crypto trading and mining operations. Both countries could join the growing ranks of nations that moved to outlaw digital assets, which already include China, Turkey, Iran and […]

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How Should A Nation State Hold Bitcoin?

HODLing the keys of a nation state might not be simple, but it’s the first step to monetary freedom for countries. Quite a lot of ink has been exhausted writing about El Salvador as the world’s first nation state to make bitcoin legal tender within its territory. Moving from a fiat to a bitcoin standard isan essential milestone in bitcoin’s global adoption. Whether this move will gain support is a debate of its own right. Bitcoiners will have discussions on this matter many times over as Nayib […]

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Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, ACH*, FTM

BTC is oversold and possibly ready for a relief bounce, but this could be a trap for altcoins and Bitcoin if bull volume fails to sustain. Bitcoin (BTC) fell close to $34,000 on Jan. 21, which reflects a 50% decline from the $69,000 all-time high made on Nov. 10, 2021. Altcoins also could not buck the trend and faced intense selling pressure, which pulled the total crypto market capitalization to $1.6 trillion, a 46% decline from its November 2021 all-time high near $3 trillion. It is not […]

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When and why did the word ‘altcoin’ lose its relevance?

“Altcoin” has referred to all cryptocurrencies other than BTC since the advent of ETH. Today, however, many no longer qualify as altcoins. All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description. The community, at that point, didn’t put too much thought into other cryptocurrencies due to […]

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Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions

Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the last two months as well. Crypto Volumes Slide Month-Over-Month Since November When crypto markets shed significant value, traders typically look to see if trade volume increases in order to support the current […]

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