The mainstream media mistakenly portray bitcoin mining as wasteful. Nothing could be further from the truth. Bitcoin mining provides an economic bid for otherwise unusable, excess energy. Bitcoin will propel humanity to abundance.

According to data, the crypto market has seen over $400 million in liquidations in the previous 24 hours as Bitcoin breaks above $23,000. A futures contract “liquidates” when losses mount and consume a predetermined portion of the initial margin or collateral (the precise amount depends on the derivatives exchange), forcing the exchange to close the position.

The economy can be thought of as a complex orchestra. Industry sectors are represented by the choir, strings, brass, woodwinds and percussion. These sectors are all working together as harmoniously as possible to create a seamless experience for the listeners and for themselves. Each individual utilizes the instruments available to them to add value to our collective experience.

GuardianLink, has joined forces with gaming hub IndiGG, the Sub-DAO of Yield Guild Games (YGG), to build and promote the Web3 gaming ecosystem in South Asia. Guardian Link has famously been associated with supporting artists like Stan Lee and Amitabh Bacchan by managing their NFT sales.

Former Blackrock Executive and investment adviser Edward Dowd has stressed that despite the recent crypto market turmoil, Bitcoin is here to stay and has the qualities to make it into everyone’s portfolio. While appearing on Layah Heilpern’s podcast, Dowd reiterated that once Bitcoin matures, it will likely beat gold due to unique features such as the ability to be transacted digitally.

Russian President Vladimir Putin today signed into law a national ban on using digital assets for payments. The action comes after the Russian government and central bank have long debated what to do about cryptocurrency. Back in January, the Bank of Russia proposed an outright ban on crypto—for payments or investments. Today's law doesn't go quite that far. In February, Russia's Finance Ministry submitted a draft of cryptocurrency regulations to the government which, like the law enacted today, allows for investing in digital assets like Bitcoin or Ethereum, but not using them to buy things.

A step-by-step guide to predicting the Bitcoin price prediction, 2040. A blog on the different steps that need to be taken to find out about the Bitcoin price prediction 2040. One of the most popular questions that people ask is “What will the Bitcoin price 2040 or in the future?” Unfortunately, predicting the future price of Bitcoin is very difficult.

After reaching an all-time peak on June 8, 2022 at block height 739.928, Bitcoin's hashrate has been declining in recent years. The hashrate fell from 243 exahash per seconds (EH/s), to today's 178.44, losing 26.56% in that time period. The difficulty adjustment algorithm (DAA), which has experienced two consecutive drops, is expected to drop once again in approximately 11 days or 1,600 blocks.

The famed stockbroker Jordan Belfort, whose life inspired the 2013 smash flick “The Wolf of Wall Street,” stated that he would be “shocked” if investment in Bitcoin did not prove successful within the next three to five years. The man whose memoir inspired the Martin Scorsese film (starring Hollywood actor Leonardo DiCaprio) advised investors on the new Yahoo Finance show The Crypto Mile to view Bitcoin as a long-term hedge against economic instability.

Crypto exchanges’ Bitcoin balances are significantly reducing in spite of the intense bear market. There are traces of large and small investors accumulating BTC but it remains to be seen if the momentum would sustain the crypto price from further plunging in the near future.

We are deep in the crypto bear market, and there likely is more pain ahead. Bear markets are incredible opportunities for self-reflection: both individually, and as a community. The great error of the bear market is to care about your portfolio value. To focus on price comes at the expense of your mental health, will probably result in you selling the bottom, and you squander this opportunity for self-reflection.

For more than a decade, Silicon Valley’s moguls have been promoting Bitcoin and blockchain-based cryptocurrencies, claiming these will transform global commerce. Instead, Bitcoin long ago died as a digital currency, becoming nothing more than an empty speculative asset with its value most recently plunging from $60,000 to less than $20,000. Meanwhile, as those same hypesters now promote a mystical Internet world called Web3, India is racing ahead and implementing what the crypto crowd had promised—with its Unified Payment Services (UPI).

Research conducted by security experts Trail of Bits concluded that the notion of blockchain decentralization is a fallacy. In particular, the report claimed controlling the four biggest mining pools could disrupt the Bitcoin chain, with Ethereum faring worse at three entities.

The prolonged bear market and the fact that BTC has once again gone below $20,000 are driving Bitcoin withdrawals from exchanges. At the same time, they reflect investors’ opinion that the price of Bitcoin is currently relatively low and that the largest cryptocurrency would climb in the future.

Ronen Segev’s $1.8 million two-bedroom luxury apartment in Columbus Circle, 340 West 57th Street, New York is up for sale for Bitcoins or Etherium. And this is during a bear market in cryptocurrency, at the lowest prices for cryptocurrency in several years. Ronen Segev definitely believes in cryptocurrency growth.

Since the Nixon Shock of 1971, wealth inequality has soared to levels not seen in over a century. The dollar was no longer redeemable for gold but was instead backed only by faith. Without the limitations of a backed currency, those in power were given the opportunity to create as much fiat currency as they desired, with little to no consequence. Destined to lose faith due to abuse, fiat currency was doomed from inception.

Consumption down by third since 11 June, with even sharper falls among other cryptocurrency networks

The increasing pressure for Bitcoin (BTC) miners to sell their holdings could further exacerbate the bear market. American multinational investment bank JPMorgan Chase strategists said in a note on June 24. Led by Nikolaos Panigirtzoglou, the strategists believe miners are selling their BTC holdings to cover operations costs.

Argentina has a population of 45 million, while Switzerland can claim roughly 8.6 million citizens. Where it gets interesting is that the Swiss franc is one of the world’s most circulated currencies, while the Argentine peso isn’t even the currency of choice in Argentina. Given the country’s history of devaluation, Argentines go to great lengths to exchange their pesos for dollars as a way of mitigating the horrors of devaluation.

Today (June 22), Citi made the announcement that it has chosen METACO as the partner to develop and trial digital asset custody capabilities. Through this agreement, METACO’s technology and digital solutions will be combined with Citi’s extensive custody network in order to establish a platform that will allow customers to hold and settle digital assets such as Bitcoin (BTC) in a safe and straightforward manner, according to a Business Wire report.