BTC

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,971-$16,487 BTC above its 10-day and …

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PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

According to a recent lawsuit filed in the Western District Court of Texas, data center power management firm Lancium has accused bitcoin mining firm Layer1 of infringing upon its patented technology to adjust power usage in bitcoin mining facilities.  Backed by investors like PayPal Co-founder Peter Theil and the Digital Currency Group, CoinDesk’s parent company, …

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Bitcoin mining at home yields 'pristine BTC with more privacy'

Bitcoin mining at home yields ‘pristine BTC with more privacy’

Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers. As Bitcoin’s mining difficulty surged, thanks to professional mining groups with specialized computer chips and high processing power, the mining industry carved a niche …

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50 BTC Just Moved for First Time Since 2009 – But It Doesn't Look Like Satoshi

50 BTC Just Moved for First Time Since 2009 – But It Doesn’t Look Like Satoshi

The bitcoin market sold off more than 7% Wednesday, according to Bitstamp market data, after a Twitter bot alleged a recent bitcoin transaction came from a wallet possibly belonging to Satoshi Nakamoto, the protocol’s creator.  But almost nothing supports the rumour that the coins indeed belong to Nakamoto. “Whale Alert”, a popular Twitter bot account …

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Doge, Chainlink, and Bitcoin price: Link outshines BTC and DOGE but not for long

Doge, Chainlink, and Bitcoin price: Link outshines BTC and DOGE but not for long

The cryptocurrency ecosystem seems to have stabilized with volatility reducing in recent times. However, some altcoins are performing better than others. Chainlink is one such example. Link has its price up by 104% since 2020, however, BTC and Doge are at 5.20% and 5.11%. Source: TradingView Dogecoin DOGEUSD TradingView At the time of writing, the …

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PayPal Evaluating Blockchain Use Cases After CEO Reveals He Owns Bitcoin (BTC)

PayPal Evaluating Blockchain Use Cases After CEO Reveals He Owns Bitcoin (BTC)

A new job listing posted by PayPal shows that the payments giant is looking for a director of anti-money laundering and blockchain strategy as the company appears to be exploring how it can harness the power of the emerging technology. The team member will be tasked with evaluating blockchain use cases on top of preventing financial …

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