Bitcoin, Ethereum Technical Analysis: Ethereum Nears ,400, as Price Hits 10-Day High

Bitcoin, Ethereum Technical Analysis: Ethereum Nears $1,400, as Price Hits 10-Day High

Ethereum moved closer to $1,400 on Thursday, as the token rebounded from yesterday’s sell off. The world’s second largest cryptocurrency rose to its highest point in almost ten days during today’s session, as markets were marginally higher. Bitcoin was once again trading above $20,000. Bitcoin Bitcoin (BTC) was once again hovering above $20,000 on Thursday, […]

Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker

Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker

Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected crypto-asset mining operations on electricity system reliability and adequacy.” However, a commissioner at […]

Despite Market Downturn: Bitcoin’s Hashrate Hits New High, What Now?

Despite Market Downturn: Bitcoin’s Hashrate Hits New High, What Now?

Despite the market downtrend and over 70% price drop since the last peak, Bitcoin’s hashrate has exploded. Data from crypto analysis firm Glassnode indicates that the largest cryptocurrency network has a new record hashrate. The recorded value is 242 exahash per second over the past seven days. Bitcoin’s price seemingly follows the news. According to […]

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