Bitcoin Transactions Plunge Amid Blackout in Venezuela

Bitcoin transactions and active addresses have seen a steep fall this Saturday as Venezuela saw what AP calls the “worst power and communications outage” which “reached virtually every part of the oil-rich country of 31 million.” That has coincided with bitcoin transactions falling by about 100,000, down from circa 370,000 a day to about 240,000….

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Crypto mining recovery emerges amid expectations of cheaper energy

Crypto mining companies have been amongst the most heavily hit by the collapse in Bitcoin Core (BTC) prices. But following some 18 months of challenging trading, some indicators are now showing outlook for the sector turning more positive. A report in digital assets journal Diar noted that while miner revenues had fallen to fresh lows…

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Voltaire launches BSV trading amid ‘huge’ user demand

True to its word, London cryptocurrency exchange Voltaire.cash has now enabled Bitcoin SV (BSV) trading on its platform. Effective February 19, customers can start depositing, trading and withdrawing BSV on Voltaire’s trading platform. Voltaire offers no trading fees, free withdrawals, and all deposits clear within one confirmation, founder Semyon Germanovich confirmed to CoinGeek. Ever since…

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Hive Criticizes Norwegian Government Amid Concession Cuts to Miners

Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries. The release criticizes the government’s “unilateral” move to suspend the subsidy without consulting with representatives of…

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ICOs Continue To Liquidate Ethereum (ETH) War Chests Amid "Crypto Winter"

Since 2018’s cryptocurrency “winter” came into existence, tokens generated via initial coin offerings (ICOs) have severely underperformed their macro cap counterparts, namely Bitcoin (BTC) and Ethereum (ETH). This has led a multitude of projects, who formerly relied upon their ICO-funded war chests, to take drastic measures in a bid to stay afloat. ICO-funded Projects Sell 416,000 Ethereum…

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Ripple (XRP) Defends 5 Week EMA Amid No Signs Of A Slow Down

Chart for XRP/BTC (1W) Ripple (XRP) has defended its 5 Week EMA. This is a clear message to all the critics out there calling Ripple (XRP)’s rally a pump and dump. RSI for the above weekly chart for XRP/BTC does seem to have neared the overbought range. However, there is no sign of a slowdown…

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Zimbabwe Moves Towards Bitcoin Amid Financial Problems

Zimbabweans are currently searching for Bitcoin (BTC) to challenge several financial restrictions in the country. Indeed, the famous virtual currency could be great for citizens that lack access to financial services. More importantly, it may be a good option for users to protect their savings. Zimbabwe Embraces Bitcoin This African country, known for having one…

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