Bitcoin News and Finance: What You Need to Know

While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more difficult to mine bitcoin than it was three months ago for the next two weeks. Bitcoin’s Hashrate Follows the Price Rise At the time of writing, Bitcoin’s hashrate is coasting along at 157 EH/s and approximately 14 known mining pools are dedicating hashpower to the network. 16.39 exahash or 10.24% of the network is being mined by stealth miners and the hashrate is classified as “unknown.” The unknown hashrate represents the fifth-largest mining ‘pool’ dedicating hash toward the network. Meanwhile, during the last three months, Bitcoin’s hashrate has followed the price moving northbound. The overall hashrate is 42% higher ...

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A total of 750 BTC , worth around $48 million at the time of writing, has been withdrawn from one of the wallets used by crypto Ponzi scheme Finiko, Forklog reported . Youtube blogger Andrey Alistarov broke the news about the transfer, revealing that it was made in three separate transactions of 250 BTC each since the beginning of November. The money was initially moved to a single address and subsequently sent to another wallet at the cryptocurrency exchange Huobi, quoted data from blockchain analysis platform Crystal Blockchain shows. The crypto funds were then divided into smaller amounts and transferred to other addresse...

In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen since Segregated Witness (Segwit) went live in 2017. Bitcoin Upgrade Taproot Expected to Activate on Saturday Taproot is expected to activate and go live on the main network on Saturday, November 13, 2021, following the lock-in period this past summer. When activated, Taproot is expected to enhance the digital currency network’s scripting capacity and the ability to leverage Schnorr signatures (BIP340) will be made available. Taproot is also expected to amplify bitcoin transactions by allowing certain types of complex, ‘smart’ transactions. People say this often but this is actually the first time I do… this may literally be the last dip before a HUGE ral...

ADALend , currently in the process of developing a decentralized financing (DeFi) project has just announced its plans to start the development of its cross-platform integrations very soon. The cross-platform integrations will simplify and allow access to decentralized financial services by a larger segment of users around the globe. ADALend’s GM, Javed Khattak, has earlier announced that ADALend will work on its UI and the platform’s user experience and simplicity to provide less barriers of entry for traditional users to get involved with decentralized financing. About ADALend ADALend is a decentralized lending protocol governed by the Cardano system. Within this Cardano system, ADALend will influence the flexibility of digital finance markets by providing a basis for immediate access to loans and collaterals, resulting in sustained liquidity of the blockchain assets of the lender. Permissionless Lending On Any Pairing Guarantees the users will always be granted the best o...

On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There Should be More Manipulation Protection for Investors Following the approval of a few bitcoin ETFs that leverage future markets, the SEC has rejected Vaneck’s bitcoin spot market ETF on Friday. So far, the U.S. regulator has not approved any bitcoin ETFs that are tethered to spot market prices. In its ruling , the SEC explains spot market ETF offerings have not “met its burden” when it comes to “[protecting] investors and the public interest.” The Vaneck ETF was turned down over “the requirement that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices.” For one, standards need to include “sur...

Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block rewards from 2010 worth roughly $64 million at the time it was sent. After Transferring 1,000 Bitcoins 2 Days Ago, the Mega-Whale From 2010 Has Returned Again Last year, Bitcoin.com News, the members of the Telegram research group GFIS , and the creator of Btcparser.com discovered an extraordinary bitcoin ( BTC ) whale that spent decade-old block rewards from 2010 in strings of 20 blocks at a time. To date, the whale has transferred a total of 13,000 bitcoins that derived from mined blocks in 2010. Using today’s exchange rates that’s close to a billion dollars ($829M) but this whale transferred the 13,000 during various BTC price ranges. The day bitcoin (BTC) reached an all-time price...

At the World Digital Mining Summit in Dubai, the leading application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer, Bitmain, revealed the company’s most powerful bitcoin mining device to date. The new Antminer S19 XP will boast up to 140 terahash per second (TH/s) and uses 27% less electricity per terahash than the most efficient and profitable bitcoin miner today. The New Antminer S19 XP Boasts 140 TH/s and 27% Less Electricity Consumption per Terahash This week the bitcoin mining industry has been buzzing about a new ASIC SHA256 mining rig manufactured by the company Bitmain. News about the new miner was first leaked by the Chinese journalist and former Bitmain employee Colin Wu. The journalist wrote that compared to the current generation of Antminer S19s, the latest in the series of models has “been greatly improved.” Following Wu’s tweet on November 6, Bitmain hosted the World Digital Mining Summit (WDMS) in Dubai and revealed the firm’s next-generation ...

PRESS RELEASE. Sydney, Australia – Cardingo is an NFT series and Cardano NFT marketplace that has secretly been in the works for months. While the world waited for Cardano smart contracts, the Cardingo team busily went to work on a series of NFTs and a unique marketplace to satisfy the tastes of Cardano fans worldwide. CNFTs started selling long before smart contracts. Platforms like cnft.io and easycnft.io have offered CNFTs for months. They have been so successful in fact the platforms are inundated with an overwhelming and constant flow. Cardingo aims to stand out by providing a curated marketplace, which mints NFTs only by selected artists. This brings a unique and exclusive touch and Cardingo will always be searching for additional high-quality art and high profile artists to join the platform. Extra effort is being applied into seeking Aboriginal art and artists to expand their income potential and help share their culture and history with the world. A CARDANO MASCOT – OUTBAC...

India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts Veracity of Media Reports on Crypto Sector The governor of the Reserve Bank of India (RBI), Shaktikanta Das, reiterated that the central bank still has “serious concerns” about cryptocurrencies at Business Standard’s BFSI Summit this week. He was quoted by local media as saying: Cryptocurrencies are a serious concern to RBI from a macroeconomic and financial stability standpoint. He added that the central bank has “given our detailed suggestions” regarding cryptocurrency to the government, which is now “actively looking at the issue and will decide on it.” However, the central bank governor noted, “But as the central banker, we have s...

Most game developers in U.S. and U.K. are now using blockchain elements in their games, according to a study released this week. The study, commissioned by a company named Stratis, reveals that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is making game developers change the traditional ways in which games are produced, with the intention of enticing new players and accessing new markets. Blockchain and NFTs Becoming Mainstream in Video Game Development The trend of including blockchain elements and NFTs in video games is here to stay. According to a study released this week commissioned by blockchain platform Stratis, and by a research firm called Opinium, 58% of the 197 surveyed developers in the U.S. and U.K. are beginning to use blockchain elements in their games. Furthermore, according to the same study, 48% of these developers are incorporating NFTs in their games. This is a testament to how the use of these elements, which increase...