After launching their bitcoin mining project in El Salvador in June of this year, Volcano Energy announced a new agreement with Luxor Technologies to establish the first bitcoin mining pool based in the Central American country. Its name is Lava Pool.
According to Volcano Energy's Chief Strategy Officer, Gerson Martínez, the goal of the pool is to decentralize bitcoin mining and take advantage of the "regulatory clarity" El Salvador has. "We...
Bitcoin
BTC
hash rate is climbing to all-time highs, suggesting that miners are adding more computational power to boost the network's security and efficiency. However, achieving profitability in such a competitive environment isn't straightforward. A closer look reveals some nuanced strategies that allow miners to stay afloat and thrive.
Energy cost is likely the single most important consideration for a miner. According to a recent rep...
Elon Musk, the Tesla
TSLA
billionaire who took the social media company Twitter private last year and rebranded it X, has outlined his grand plan for the platform at an "all-hands" virtual meeting.
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster ahead of next year's historical bitcoin halving!
The details of the call, leaked to The Verge, include plans to...
As digital assets continue gaining momentum throughout both bull and bear markets, it becomes clear that bitcoin should be compared not to penny stocks or scams but to traditional assets like FAANG stocks, bonds, and gold.
Bitcoin
BTC
has outshone all other assets since its inception, offering tenfold higher returns than the NASDAQ
NDAQ
over the past decade. This astonishing performance prompts a pressing question: Is it time to a...
Tesla
TSLA
billionaire and X owner Elon Musk has a habit of causing wild swings for the bitcoin price and other major cryptocurrencies (with Musk lobbing a grenade into the crypto market earlier this month).
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The bitcoin price has swung wildly over the last few months as economic and regulatory pressures moun...
The Commodity Futures Trading Commission goes after DeFi. On September 7, 2023, the CFTC announced it has filled charges against three U.S. companies in relation with three DeFi projects, Opyn, 0x (ZeroEx) and Deridex, and has reached a settlement with each of them.
Because of their loose similarities with traditional financial market instruments and actors, Deridex and Opyn have been charged with failing to register as a swap execution fac...
09/23 update below. This post was originally published on September 22
Bitcoin has been spiraling over the last two years following the Federal Reserve's dovish flip in late 2021 (though a looming $17.7 trillion Wall Street earthquake could change that).
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster ahead of next year's historical bitcoin halving!
The bitc...
Global technology corporation Block is inching toward the public release of its inaugural bitcoin
BTC
hardware wallet, known as BitKey. Recently, a beta tester spotlighted this new venture by unveiling images of the device, which is shaped like a compact hexagon.
This step from Block, a venture co-founded by former Twitter CEO Jack Dorsey, aligns with an ever-growing focus on bitcoin security and self-governance. The importance of focusi...
As U.S. markets brace for the inevitable bitcoin ETF approval, it is important to understand the difference between Bitcoin and bitcoin. The Bitcoin network is a distributed system of computers and nodes which process transactions and maintain the ledger. The asset bitcoin is the native token which lives on and is transferred through the Bitcoin network.
As investors look towards a possible investment in an ETF, they may be inadvertently op...
