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The Bitcoin [BTC] mining industry has been quite controversial. The amount of energy required to mine Bitcoin is a concerning matter. However, with time, miners began finding sustainable methods to mine digital assets. Now, BTCmining has shown signs as one of the most sustainable industries across the globe. The Q4 2022 report shared by the Bitcoin Mining Council [BMC] highlights how Bitcoin’s sustainable electricity mix has improved. It should be noted that BMC represents 48.4% of the global BTC mining network. According to the council, the global Bitcoin mining industry’s sustainable electricity mix rose to 58.9%. This comes in coordination with the hash rate that noted a 45% increase YoY in Q4 2022. Additionally, Michael Saylor took to Twitter to note how BTC’s technological efficiency improved by 16%. He tweeted, In Q4, 2022 #Bitcoin hash rate increased 45% YoY and efficiency improved by 16%. Join us at 5pm EST today (https://t.co/JYoIt71Bms) as we pre...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin , the leading cryptocurrency by market cap, has lost more than any other cryptocurrency in 2022. A majority of its decline can be credited to the crypto winter, which was triggered at the end of 2021 and has trapped the crypto market from moving further up. The Luna crash and FTX disaster further pushed the coin under the $20,000 mark bringing huge losses to Bitcoin investors. Things, however, appear to be changing now (for the better), as Bitcoin has gained almost 22% in the past week. Bitcoin’s recent rally has helped it cross the $20,000 mark almost after four months. Currently trading at $21,274, the coin has gained almost $4000 in the past week and is testing the $22,000 resistance level. Bitcoin has made its highest price jump ever since the FTX crash. Investors believe 2023 to be the end of crypto winter. Bitcoin’s movement beyond the $22,000 resistance level would further strengt...

The ‘Ethereum Killers’ Cardano ( ADA ) and Solana ( SOL ) have skyrocketed 38% and 68% respectively in the last 14 days. Both cryptocurrencies are attracting bullish sentiments after the CPI data showed inflation falling from 7.1% to 6.5%. While Cardano jumped from $0.26 to $0.34, Solana shot up from $13 to $23 in two weeks. On the other hand, Ethereum spiked nearly 30% in 14 days going from $1,249 to $1,595. Also Read: Shiba Inu: Bone Rallies 75% in Jan 2023, Reaches $1.50 Why Are Ethereum Killers Cardano & Solana Rising? Source: delta.exchange Several factors are pushing ADA up in the indices. The factors include blockchain network expansion, faster and lower-cost transactions to users, along with a growth in smart contracts after the Vasil Hardfork. The Cardano network is experiencing steady growth in smart contracts reaching a high of 4,803 projects. In December 2022 alone, 780 new smart contracts were added to the network expanding its use cases. ...

The number of Ethereum addresses holding a non-zero balance hit a new record high on Monday of 92.5 million. 2022’s bear market, which culminated in the collapse of one of the world’s former largest cryptocurrency exchanges in November, does not appear to have impacted growth in the number of non-zero balance addresses. Some analysts view the number of Ethereum addresses holding a non-zero balance as a proxy for the second-largest cryptocurrency by market capitalization’s broader “adoption”. Viewed through that lense, the continued, seemingly unstoppable rise of the number of non-zero balance Ethereum addresses can be interpreted as a long-term bullish sign for the ETH cryptocurrency. 100 Million Non-zero Address Wallets in Q2? Over the last three years, Ethereum has added about 20 million addresses holding a non-zero balance per year. Back of the fag box calculation thus implies that, with only around 7.5 million to go, the 100 million ...

After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). During the research phase, the central bank said it paid particular attention “to risks and controls associated with issuance, distribution, counterfeit and usage of currencies.” Finding the Right CBDC Technology The Bank of Tanzania (BOT) announced on Jan. 14 that it had “adopted a phased, cautious and risk-based approach to adoption of CBDC [central bank digital currency].” The bank also said it will continue with its efforts aimed at finding “a suitable and appropriate use and technology for issuance of Tanzanian shillings in digital form.” According to a statement on the bank’s website, the BOT said it chose a more cautious approach after spending months researching and exploring the pros and cons of issuing the digital currency. During this period, t...

Bitcoin's price recovery in 2023 has witnessed minimal institutional buying, casting doubt on whether BTC will rally beyond $25,000. Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range First, Bitcoin's potential to hit $25,000 comes from its exit from a prevailing descending channel range. A bull run or bull trap? — Cointelegraph (@Cointelegraph) January 16, 2023 Notably, the BTC price broke out of the range late last week while accompanying a rise in its trading volumes. The cryptocurrency's move upside also pushed the price above its resistance confluence, comprising a psychological price ceiling of $20,000 and its 20-week exponential moving average (20-week EMA; the green wave) near $19,500, as shown below.  BTC/USD 1-week candle chart (Coinbase). Source: TradingView.com Breaking three resistance levels with strong volumes ...

Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has published an open letter to Barry Silbert of Digital Currency Group in an attempt to take over the management of Grayscale’s Bitcoin Trust (GBTC). Osprey Proposes Management Changes to Grayscale’s Bitcoin Trust in Open Letter to Digital Currency Group On Jan. 12, 2023, the U.S. Securities and Exchange Commission (SEC) filed charges against the crypto exchange Gemini and crypto lender Genesis Global Capital. The crypto lender Genesis Global Capital is a Digital Currency Group (DCG) subsidiary. The regulator claims that the two organizations took part in an “unregistered offering.” The SEC said that r...

Join Our Telegram channel to stay up to date on breaking news coverage The latest crypto metaverse project Robotera, introduced as a presale in the fourth quarter of last year, has now stepped up the pace. This one of the best metaverse cryptos has raised more than $700k at the time of writing and is likely to rule 2023. Presale 1 is about to close its doors, and you go grab the chance to become an early mover right now by visiting robotera.io. The cost of 1 TARO – the native token of Robotera – is currently 0.020 USDT. The TARO presale price will go up in the second round to 0.025 USDT. RobotEra is a unique metaverse project that, in many ways, is similar to the Sandbox. But it has enough utilities of its own that set it apart from the rest. RobotEra – An Inclusive Metaverse Giving Complete Control to Users The Sandbox’s approach to the metaverse allowed many to join up and create their own stuff within the virtual world – but what can be done i...

Nexo platform has reportedly experienced massive outflows amid the news on office raids and an ongoing investigation against the firm. Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian Government in the aftermath of massive raids at the company’s office s in Sofia. Nexo has complained about the actions of the law enforcement authorities in response to the investigation against the firm, the Bulgarian News Agency reported on Jan. 13. The company is reportedly preparing to file a lawsuit against the authorities to seek compensation for damages caused by the abrupt police interruption. One report suggested that investigators did not provide a search warrant for hours, while inspectors had never identified themselves. Nexo believes that the raids conducted in its office s yesterday were against the law and demonstrated “total incompetence of those conducting this shameful action.” Nexo also described the actions against the firm as the “local Bulgarian arbitrariness” wh...