Regulation, tracking may reduce BTC usage in Cybercrimes – Kaspersky
According to cybersecurity firm Kaspersky, crypto-related hackers will employ other cryptos as a source of payment in cybercrimes rather than Bitcoin (BTC) as regulation and tracking continues to increase. The ability of hackers to transfer money securely is predicted to be hindered as legislation and monitoring technology advance, making Bitcoin (BTC) a less attractive payment […]
El Salvador to purchase 1 BTC daily
El Salvador’s President has declared that starting Nov. 17, the country will purchase 1 BTC daily. El Salvador currently holds 2,381 BTC with a total investment of $103 million. El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several […]
Stone Ridge launches BTC Lightning Network startup accelerator
The Stone Ridge startup accelerator is an 8-week program that will run four times in a year with its focus on Bitcoin Lightning Network and the Taro protocol. Stone Ridge, the parent company of Bitcoin company NYDIG, has created In Wolf’s Clothing (Wolf), the first startup accelerator that focuses on the Bitcoin Lightning Network and […]
Hash price and energy costs make Q3 tough for Bitcoin miners
Bitcoin mining businesses in North America and Europe have not had a very good third quarter of 2022 due to rising energy costs. Energy concerns in North America and Europe and market conditions have led to another grim quarter for Bitcoin miners. Hashrate Index’s Q3 mining report cites various explanations behind the decreased hash price […]
Bitcoin price falls while miner hash rates reach record highs
Despite the price being down more than 50% year to date, the total security of the Bitcoin protocol, or hashrate, reached a record high of 158 exahashes per second. Bitcoin miners are unable to and will not stop. Despite a sharp price decline, the BTC hash rate keeps climbing to new records. According to Braiins […]