Bitcoin (BTC), the leading crypto asset by market cap, has captured considerable attention within the realm of digital currencies, demonstrating robustness and a pronounced market dominance. As it currently stands, its value hovers slightly beneath the $ 34,000 mark. The latest bitcoin price prediction report from finder.com sheds light on anticipated future developments, as …
Dormant $144M in Bitcoin From Defunct Abraxas Darknet Market Moved After Years of Inactivity
According to the onchain analyst Zachxbt, 4,800 bitcoins taken from the now-defunct darknet marketplace Abraxas were transferred to a bitcoin mixing service. Abraxas exit scammed in November 2015 after less than a year, and the bitcoins had remained untouched since then. $ 144M in Bitcoin from 2015 Abraxas Scandal Suddenly Moved to Mixer Zachxbt …
Bitcoin’s Hashrate Skyrockets: On Track to Hit Half a Zettahash Milestone by Year’s End
Bitcoin’s hashrate, a key indicator of its computational power, shattered previous records on October 12, 2023. As measured by a seven-day simple moving average (SMA), it has surged to an impressive 455 exahash per second (EH/s). To put that into perspective, the hashrate was hovering around 261 EH/s on January 1, 2023. This translates to […]
River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years
A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators of nodes comprising 52% of the public capacity on the network, concluding that it has “become much more […]
Against the Odds: Bitcoin Sees Fewest Obituaries in Ten Years
With two-thirds of the year done, the Bitcoin Obituaries list has recorded a decline in memorials compared to the last ten years, tallying just seven so-called bitcoin death announcements in 2023. The last sentiment of demise was voiced by tech magnate Chamath Palihapitiya, who proclaimed “crypto is dead in America” last April. Bitcoin’s Steady 2023: […]