Blockchain & crypto news from India
After the Bitcoin halving, up to 20% of the current hash rate for Bitcoin could go offline. The block rewards will be cut in half, causing only the most efficient mining rigs to remain. The eight ASIC miner models have eradicated nearly 70% Bitcoin hash rate, as per the latest Galaxy analyst mining reports. According…
As per a recent report by Pitchbook, there’s a 2.5% increase in venture funding for companies related to crypto. The total value in the 4th quarter is worth $1.9 billion, overcoming the third quarter significantly. This sudden increase in crypto funding has been recorded after a long dry spell since March 2022. Moreover, PitchBook reported…
The Bitcoin mining difficulty level has recently surpassed 80 trillion. The mining difficulty level is an estimate of the difficulty of solving the cryptography level in the mining process. The hash rate of the Bitcoin network, which is a measure of the total computational power used by miners, has recently reached 562.81 exahashes per second…
There’s new speculation going around the collaboration between the Hong Kong data centre and the Ethiopian government. This collaboration is taking a turn towards Bitcoin mining and other related activities. A memorandum of understanding has been signed between Data Centre Service, a Hong Kong West data subsidiary and Ethiopian Investment Holdings. Ethiopia and West Data…
While Bitcoin is witnessing its breakthrough point after a gap of two years, Dogecoin has experienced a substantial drop of 4.5%. The massive drop is seen after Elon Musk’s urgency to testify once more for the complete acquisition of Twitter. DOGE’s price is highly influenced by Musk, making it vulnerable to his social media speculations. The price…
The FOMO stage for Bitcoin has begun as it reaches the breakout point of $50,000 after a wait of two years! The ETF launch has contributed to the bull market of Bitcoin after its launch spot that took place on January 11. The billion-dollar trade of ETFs took place in the first week of its…