The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate.

Bitcoin (BTC) transaction fees measured in United States dollars are near 2017 levels amid a massive hash rate drop on the Bitcoin network.

According to data from several Bitcoin monitoring resources, the average BTC transaction fee in U.S. dollars is near the all-time high recorded back in 2017. 

According to data from blockchain explorer Blockchair, the average cost of a Bitcoin transaction surged Tuesday to $58, approaching its all-time high of above $62 recorded in December 2017. Popular Bitcoin monitoring source BitInfoChart ... Read more »

Category: News | Views: 199 | Added by: andryvrozhkov | Date: 20.04.2021 | Comments (0)

WeWork, an American real estate company providing shared workspaces for startups, has announced that it will start accepting cryptocurrency payments from its customers.

The co-working giant revealed in an official post that it was expanding its payment flexibility to include digital assets for both inbound and outbound transactions. For a start, the list of supported cryptocurrencies includes Bitcoin, Ethereum, two stablecoins (USD Coin and Paxos), and several other digital assets.

The initiative is made possible through a partnership with BitPay (a cryptocurrency payment service provider) and Coinbase. Moving forward, landlords and third-party partners will be able to receive payments in Bitcoin or any of the supported cryptocurrencies through Coinbase.

Meanwhile, crypto exchange Coinbase is the first WeWork member to use ... Read more »

Category: News | Views: 141 | Added by: 4zvezda | Date: 20.04.2021 | Comments (0)

Leading American co-working space WeWork has partnered with Coinbase and Bitpay to accept payment in Bitcoin and other cryptocurrencies. 

WeWork Adds Bitcoin, Crypto Payments
WeWork will accept Bitcoin, Ether, two stablecoin payments in USDC and PAX, and several other cryptocurrencies as membership payments for their shared workspaces. 

The firm will not only accept crypto payments but also hold Bitcoin on its balance sheet and even pay their creditors—landlords and third-party partners—in crypto, wherever possible. 

WeWork has partnered with BitPay, a crypto payment service provider, to accept payments. Coinbase, one of WeWork’s customers, will be the first company to pay them ... Read more »

Category: News | Views: 175 | Added by: 4zvezda | Date: 20.04.2021 | Comments (0)

The listing of Coinbase on the Nasdaq last week was a pivotal moment for cryptocurrencies. This has placed the largest crypto exchange on the same level as many plain vanilla exchanges around the world. It’s a powerful message that new digital coins are being accepted into mainstream finance. But has that taken away their exotic appeal?

The focus around Coinbase’s listing was the legitimacy of the exchange and the sign of approval from financial markets. Bitcoin is over 10 years old now and it has entered a phase of maturity, which means that it no longer should be seen as the new kid on the block that is different from everyone else. And with this maturity, there is a large chance that some of its excitement will vanish because people are usually more interested in shiny new things.

The more common cryptocurrencies have been on a clear path lower since the listing took place, with Bitcoin down over 15% since its high last week, and Ethereum coming off ju ... Read more »

Category: News | Views: 125 | Added by: danyagames2007 | Date: 20.04.2021 | Comments (0)

Why is a collectible issued by a company like Panini (company owning the rights of NFL, FIFA, NBA collectible cards) is more valuable than a simple copy? Why USD are more valuable than most of other currencies? Why some currencies are move valuable than USD? Why gold is valuable? Why Bitcoin is valuable? If we understand how humans perceive value from a human behavior point point everything start making sense. Also we can definitely understand why a cryptocurrency like Bitcoin will always outperform any other means for representing value in the context of global digital societies.  

There are two ways to look at perceived value: Objectively, and from the perspective of human behavior and the need for belonging to a network of l ... Read more »

Category: News | Views: 131 | Added by: 4zvezda | Date: 20.04.2021 | Comments (0)

Apr.19 -- The Bitcoin rollercoaster is back. The cryptocurrency fell by as much as 15% Sunday with rival coins like Ether and XRP also plunging. Jared Woodard, BofA securities research investment committee head, and Barry Knapp of Ironsides discuss on "Bloomberg The Open."


... Read more »

Category: News | Views: 131 | Added by: danyagames2007 | Date: 20.04.2021 | Comments (0)

After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC).

Central Bank Clarifies Its Regulatory Framework on Cryptos Will Remain Unchanged

During a panel hosted by CNBC at the Boao Forum for Asia, Li Bo is now naming bitcoin (BTC) with the “investment alternative” term for the first time since the crackdown. However, he made some clarifications on the meaning of his stance towards cryptocurrencies:

We regard Bitcoin and stablecoin as crypto-a ... Read more »

Category: News | Views: 162 | Added by: 4zvezda | Date: 20.04.2021 | Comments (0)

Bitfarms estimates it could have mined BTC for $4,125 each during Q4 2020 if its forthcoming Argentinian facility was operational.

Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh.

According to an April 19 announcement, Bitfarms has made significant progress in solidifying the terms for its Argentinian operation since first signing a non-binding memorandum to build a 60 MW power plant in October 2020.

In addition to expanding securing a 250% increase in power ... Read more »

Category: News | Views: 179 | Added by: 4zvezda | Date: 20.04.2021 | Comments (0)