Big relief! The ECON committee of the EU Parliament voted against the idea of banning Proof-of-Work-based cryptoassets in the European Union. 32 members voted against and 24 in favour of the measure: BREAKING: The ECON committee of the EU Parliament just voted against the de-facto POW-ban: 32 against, 24 in favor. Big relief & political […]
Crypto Snippets
Bite-size crypto news
Crypto Snippets
Bite-size crypto news
Scarcity: Only 2.5 Million Bitcoin Left to Mine (Just 11.9% of the Total Supply)
Everyone knows by now that the total number of Bitcoin (BTC) that can be issued is 21 million. According to a recent tweet from ChartBTC, there are little over 18.5 million BTC circulation, which means that there are less than 2.5 million Bitcoins left to be mined – that’s about 11.9% of the total BTC […]
Bitcoin is Targeting $14,000
A popular crypto analyst, “Credible Crypto”, said that Bitcoin is definitely on the way to $14,000, and the only question is how long it will take, but before that it needs to break the $9.7k-10.5k resistance. Credible Crypto tweeted: “With Step 1 and Step 2 completed, the last barrier between us and my 14k target […]
‘Billions’ Season 5 Opens With Bitcoin Mining Bust
The first episode of the fifth season of Billions opened up with a surprise: a scene about Bitcoin. Chuck Rhoades, the attorney general of New York in the drama series, questioned the leader of an illegal bitcoin mining farm after dismantling the organization: “So your multitude of computers and servers could solve some abstract math […]
Max Keiser: Warren Buffett ‘Killed His Reputation’ by Being Stupid About Bitcoin
Warren Buffett has missed many investment opportunities in the past, especially in the tech sector. He is also a harsh critic of Bitcoin, which is probably a consequence of not being able to understand the technology. Buffett’s “Berkshire Hathaway” reported a $50 billion Q1 loss. Consequently, Max Keiser tweeted that Buffett “killed his reputation by […]
Iran Issues License for Biggest Bitcoin Mining Farm: 6,000 Machines
A Turksih cryptocurrency company, iMiner, has been granted a license to mine digital coins in Iran. According to PressTV (via Iranian news website, Tabnak), “the Bitcoin mining farm set up by iMiner with 311 billion rials ($7.3 million) of investment is the biggest in Iran, where 6,000 machines will be producing cryptocurrencies.”
Bitcoin’s Third Halving: Is BTC the Solution to Our Failing Monetary System?
The third Bitcoin Halving is merely days away. Historically, the previous two events have been followed by a massive rise in the price of the dominant crypto asset. Bitcoin was born in the wake of the last financial crisis, and it may come of age in this one. While governments and central banks create new […]