Bitcoin up 22% vs crypto stocks; Russia blocks OKX; US, EU set to discuss crypto regulation

by webwriter | Oct 6, 2022 | Ethereum News

The biggest news in the cryptoverse for Oct. 5 includes SEC opposing third parties seeking to defend Ripple, Do Kwon describing news of a $40 million crypto freeze as falsehood, and SWIFT showing CBDCs, tokenized assets can be integrated into the global financial...

South Carolina treasurer goes on Bitcoin ’fact-finding trip’ to El Salvador

by webwriter | Oct 6, 2022 | Bitcoin News

Curtis Loftis, the treasurer for the U.S. state of South Carolina, spent five days in El Salvador as part of an “exploratory trip” focusing on cryptocurrencies.According to an Oct. 5 announcement, Loftis was part of a delegation including South Carolina business...

Bitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second

by webwriter | Oct 6, 2022 | Crypto Updates

According to statistics on October 5, the total computational power backing the Bitcoin network tapped a fresh all-time high reaching 321.15 exahash per second (EH/s). Just after the record high, the network’s total hashrate was coasting along above the 300 EH/s on...

Bitcoin’s Hashrate Has Hit a New High. What Does That Mean for BTC?

by webwriter | Oct 5, 2022 | Market News

Key Takeaways Bitcoin’s hashrate made a new all-time high of 242 exahashes per second this week. The network’s hashrate fell to 193 exahash per second in July. Price and hashrate have historically been correlated, indicating that the recent rise could signal the...

Bitcoin derivatives data reflects traders’ belief that $20K will become support

by webwriter | Oct 5, 2022 | Bitcoin News

Bitcoin (BTC) showed strength on Oct. 4 and 5, posting a 5% gain on Oct. 5 and breaking through the $20,000 resistance. The move liquidated $75 million worth of leverage short (bear) positions and it led some traders to predict a potential rally to $28,000.$BTC...