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Category: Bitcoin
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Can Bitcoin’s 4-year history predict it’s near future? Let’s discuss.
Over the past four years, Bitcoin has ridden a volatile roller‑coaster: after trading around $30,000 in mid‑May 2021, it surged to all‑time highs of roughly $65,000 in April and $66,975 in October 2021. This rally gave way to a steep bear market starting January 22, 2022, prices had plunged below $35,000 and by June 18, 2022, hit an 18‑month low of… Read more
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Why Bitcoin Surged Back to $30,000 USD Yesterday
Bitcoin, the world’s largest cryptocurrency, has been on a rollercoaster ride over the past year, with wild price fluctuations and volatility. In 2022, the digital currency saw its value plummet to lows of $15,000, causing many to question its long-term viability. However, in recent weeks, Bitcoin has made an impressive recovery, approaching $30,000 once again.… Read more
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Bitcoin Prices Have Jumped Almost 45% Since January
Since December 2022 when the latest crypto winter came and gripped the world, prices of Bitcoin have been on a upwards trends. The price of the digital asset is now only 50% less than the all time $60,000 USD highs. What does the future hold for Bitcoin? The sudden rise in Bitcoin prices from $16,000… Read more
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Head Scratcher: Bitcoin Price Surges 14% as SVB Bank Implodes
The traditional financial sector and crypto, have sort of a love hate relationship – news of today highlights that. We’ve seen before in the past where one sector (usually stocks) will dip big time, while inversely crypto prices soar. This time a shockwave in the traditional banking sector caused by the collapse of SVB is… Read more
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We Built Bitcoin Time Machine (sorta)
We’ve built a Bitcoin machine calculator as a way to see much you theoretically could have made if you invested years ago. What is a time machine is a theoretical device used to travel through time. So obviously we didn’t do all that. A time machine is a concept that has been featured in many… Read more
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Can You Use Crypto to Buy a Car?
Cryptocurrency is becoming an increasingly popular form of payment, and a few car manufacturers have started to accept it as a form of payment. Tesla, BMW and Toyota are amongst the first car manufacturers to accept cryptocurrency as payment. Tesla was the first of the three to accept Bitcoin as payment, with BMW and Toyota… Read more
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Can I Still Mine Bitcoin in 2023 with a Small Budget?
The short answer to the question of whether it is still possible for the average person with a small budget to mine Bitcoin in 2023 is yes. However, the process is much more difficult than it was when Bitcoin first came on the scene in 2009. In the early days of Bitcoin, it was possible… Read more
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How Many Bitcoin Billionaires Are There?
Bitcoin, the decentralized digital currency, has been making headlines lately as its value continues to soar. But Bitcoin is more than just an investment; it’s also a new way of conducting transactions and doing business. This has led to the rise of professional Bitcoin mining operations, which often have access to large amounts of capital… Read more
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Make Bitcoin Mining More Environmentally Friendly
Bitcoin mining is not as lucrative now but is still a popular way to make money for some, but it can come at a cost to the environment. The energy required to power the computers used in Bitcoin mining can create a large carbon footprint. To make this form of mining more environmentally friendly, there… Read more
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The Future of Crypto Will Brighter After FTX and Sam Bank-Fried is Long Gone
Sam Bankman-Fried and the FTX collapse has no doubt cast a very dark shadow over the whole crypto world. Other crypto entities are also tethering on the brink of collapse too, such as Genesis, perhaps. While many seems to be panicking, what can we learn from history about similar fiascos in other parts of the… Read more
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What is the Total Number of Bitcoins That Will Ever Be Mined?
Bitcoin miners are the heart of the Bitcoin network. Thanks to their efforts, new Bitcoins are released into circulation on a regular and predictable timetable. There will only ever be a total supply of only 21 million Bitcoins that can ever come into existence. This is because miners are making new Bitcoins at a rate… Read more
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Bitcoin and Two-Factor Authentication Security
Did you know that a staggering one billion accounts have been compromised in the past few years alone? Even tech titans like Google and Yahoo have struggled to keep their users safe. The unfortunate reality is cyber criminals are getting sneakier and more resourceful with every new security measure that’s implemented online. The best way… Read more
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What is Bitcoin Pizza Day?
Bitcoin Pizza Day is the annual celebration of the first real-world transaction with Bitcoin involving 10,000 Bitcoins for 2 pizzas. At Bitcoin’s peak price of $64,800 on April 14, 2021, those two pizza were worth $648,000,000 USD. The event was initiated by Crypto Maffia, a Swiss-based blockchain and cryptocurrency marketing firm. May 22 is marked… Read more
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Who Really Created Bitcoin?
One of the greatest mysteries of the modern tech world is the identity of Satoshi Nakamoto, the computer programmer some people credits as the creator of bitcoin – a digital currency. Since the creation of cryptocurrency in 2008, nobody has been able to find out exactly who Satoshi Nakamoto is. Could for example, the name… Read more