Mining pools are formed by miners who combine their resources in order to receive more constant rewards. The amount of processing power contributed to the pool determines how much reward is given for solving blocks. Individual miners combine their resources to…

In Tuesday trade, Bitcoin couldn’t decide what to do. It began the day with a brief downward spiral, with the price threatening $41,000. Then it took a different path. It was on its way back to where it started the day,…

Bitcoin kept most of the weekend hovering slightly around $43,000, where it started. Investors were looking for hints that bitcoin’s downward trajectory had ended and that the largest cryptocurrency by market capitalization was about to initiate a major bull cycle. Ether,…

The decentralized, secure peer-to-peer network is extremely difficult to hack or manipulate, which is a prominent aspect of blockchain technology and cryptocurrencies. As a result, the most severe cybersecurity threats arise not from blockchain technology or cryptocurrencies such as Bitcoin itself,…

For years, Bitcoin traders have speculated that the largest cryptocurrency by market capitalization may act as an efficient inflation hedge. That’s why they’ll be paying close attention to Wednesday when the U.S. Labor Department releases its Consumer Price Index (CPI) data…

As fear overtakes the cryptocurrency market, the Bitcoin price has seen a sharp rise in selling pressure. On the daily chart, the price action creates a falling wedge formation as it approaches the $40,000 level, with an 18% drop from the…

The value of Bitcoin is not determined by a single organization such as a central bank, unlike fiat currencies such as the Euro or the US Dollar. Instead, supply and demand, or, to put it another way, the price people are…

Even if Bitcoin has rebounded dramatically from its all-time high of $69,000 in 2021, the digital currency is still up 60% year-to-date. Gold has decreased by more than 5% within the same time period. Considering global inflation on the rise, Bitcoin’s…

Digital assets had a spectacular year, and in 2022 we shall see cryptocurrencies reach higher levels. In 2021, cryptocurrency investors had another roller-coaster journey. Almost every cryptocurrency, from bitcoin to dogecoin, set new highs and produced massive gains. However, in May,…

Why is Bitcoin known as “hack-proof”? Bitcoin is deemed hack-proof because the Bitcoin blockchain is regularly examined by the whole network. As a result, cyberattacks on the blockchain are extremely improbable. Each participant (miner) who maintains Bitcoin’s ledger is constantly solving…