New CBECI map estimates indicate China’s hashrate dropped to 46%
The map has now been updated after researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project stated that the website’s “Bitcoin Mining Map” had not been updated since April 2020. The mining map’s current data indicates that coverage extends all the way to April 2021, and the estimate of China’s hashrate dominance is far […]
Blackrock’s CEO Sees “Very Little” Demand For Cryptocurrencies
According to Blackrock CEO Larry Fink, the world’s largest asset manager, with $9.5 trillion in assets under management, expects “very little” demand for cryptocurrencies, including bitcoin, in the near future. Larry Fink, CEO of Blackrock , the world’s largest asset manager, discussed bitcoin on CNBC Wednesday, as his company reported a better-than-expected quarterly profit. Assets […]
Poland, Romania Ranks Among Leading Crypto ATMs
Poland and Romania are among the top 10 countries hosting the most cryptocurrency ATMs in the world. Poland has the highest number of ATMs for the first time ever, according to a new report by the Federal Trade Commission. Over the last few months, the global number of Automated teller machines ( ATMs) accepting crypto […]
Saquon Barkley is considering Bitcoin due to inflation
NFL star Saquon Barkley plans to convert some of his endorsement revenue into bitcoin. The 24-year-old running back for the New York Giants is a big fan of the virtual currency, which can be traded for million. He recently spoke with the Morgan Creek Digital co-founder Anthony Pompliano. According to an interview with Anthony Pompliano […]
Fed Chair Jerome Powell believes there is no need for cryptocurrencies
Federal Reserve Chairman Jerome Powell in a statement said, ‘You wouldn’t need cryptocurrencies if you had a digital US currency’ “I think that’s one of the stronger arguments in its favour,” he said. Moreover, the Fed chairman maintains that the US is not in risk of losing its status as the world’s reserve currency. Federal […]