Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power. The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking …
What is StrongBlock (STRONG) and how does it work?
Strongblock creates platforms and protocols with the intention of revolutionizing how blockchain networks compensate the nodes that protect and sustain them. The digital financial environment continues to develop almost every second, which is no surprise to those in the crypto …
Crypto Biz: Crypto was in full swing at Collision Conference, June 17-23
Despite the bear market in Bitcoin and altcoins, the industry’s builders continue to build for a brighter future. For all the gloom and doom in the cryptocurrency market these days, our industry continues to make inroads into mainstream tech. This …
Crypto Stories: YouTuber Paco de la India explains his travels using Bitcoin
The Bitcoiner had visited eight different countries out of his goal of forty and was in Africa at the time of Cointelegraph’s interview. A YouTuber started traveling the world to see whether he could survive solely on Bitcoin as a …
Celsius Network hires advisers ahead of potential bankruptcy: Report
Restructuring, bankruptcy, buyouts… media outlets are swarming with different reports on the next steps Celsius may take. Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy. According …
It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto
The alleged removal is a bit strange considering Bored and Hungry only opened its doors back in April. The Los Angeles Times reported Friday that recently opened NFT-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form …
Price analysis 6/24: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO
A handful of on-chain metrics suggest that Bitcoin could be close to bottoming, and if true, the eventual relief rally could induce sharp gains from altcoins. The United States equity markets and the cryptocurrency space are witnessing a relief rally …
FTX may be planning to purchase a stake in BlockFi: Report
Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 …
Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip
Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range. Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are …
Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum
The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains. This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap …