Bitcoin News – Page 5 – WORLD CRYPTO BUSINESS

Bitcoin mining revenue lowest in two years, hash rate on the decline

[ad_1] The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the... Read more »

A US Senate hearing will discuss FTX, New York bans proof-of-work and FTX evaluates its assets: Hodler’s Digest, Nov. 20-26

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and... Read more »

Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6K

[ad_1] Bitcoin (BTC) still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns. In its latest livestream broadcasted on Nov. 24, trading platform DecenTrader revealed... Read more »

$15.5K retest is more likely, according to Bitcoin futures and options

[ad_1] Bitcoin (BTC) has been trading near $16,500 since Nov. 23, recovering from a dip to $15,500 as investors feared the imminent insolvency of Genesis Global, a cryptocurrency lending and trending company.... Read more »

Binance publishes official Merkle Tree-based proof of reserves

[ad_1] Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement on the Binance website,... Read more »

Uzbekistan issues first crypto licenses to two local ‘crypto stores’

[ad_1] As Uzbekistan prepares to adopt a new cryptocurrency framework in 2023, Uzbek regulators have started issuing regulatory approvals to local crypto service providers. The National Agency for Perspective Projects (NAPP), Uzbekistan’s... Read more »

Bitcoin miners look to software to help balance the Texas grid

[ad_1] Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas,... Read more »

Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC

[ad_1] Bitcoin (BTC) stayed undecided at the Nov. 24 Wall Street open as one trader reinforced a $12,000 BTC price target. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price “main target”... Read more »

Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator

[ad_1] The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. ... Read more »

Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry

[ad_1] Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts.... Read more »