bitcoin mining

POKKET: Crypto Market Update (July 24)

POKKET: Crypto Market Update (July 24)

Bitcoin is +3% to $33.3k, ETH is +4.2% to $2100. Movers are AXS +74%, SAND +33%, ALICE +31%, LIT +27%, CHR +22%, DEGO +17%. Amazon says it is exploring cryptocurrency payments, as it lists a job posting for a 'Digital Currency and Blockchain Product Lead' to create a vision and roadmap for new payment products. Binance's CZ said Binance US aims to copy Coinbase's playbook and go public, in an online conference yesterday. Uniswap is blocking multiple tokens on their front end in an attempt to app…
POKKET: Crypto Market Update (July 4)

POKKET: Crypto Market Update (July 4)

Bitcoin is slightly up +2.5% to $34.5k, ETH is also 2.5% to $2200. Movers are AXS +34%, GRT +14%, OMG +11%, AAVE SAND +10%, nothing on the downside stands out. Bitcoin mining difficulty fell by 28% overnight, the largest drop in history as the impact of China's recent crackdown echoes through. Spot volumes on Coinbase are close to the low levels recorded back in Dec20 in USD terms; under 8k BTC traded in past 24hrs - worth noting Tether has not printed anything in the past month. Newsflow and vo…
POKKET: Crypto Market Update (July 3)

POKKET: Crypto Market Update (July 3)

Bitcoin is basically flat to $33.5k, ETH is a touch higher, $2180. Movers are IOST +11%, GRT +10%, rest are in between, pretty tame day. Bitcoin miners have made a claim 56% of energy used is clean, although skeptics arise given the source of data. In a new study looking at 200 countries to analyse how prepared they are for crypto adoption, the US ranks the first, with Cyprus and Singapore following. JPMorgan is eyeing Ethereum staking as a 'fast growing revenue opportunity'. USDC is now availab…
POKKET: Crypto Market Update (June 27)

POKKET: Crypto Market Update (June 27)

Bitcoin is up 2.8% to trade $32.8k, ETH is the same trading at $1870. Movers are SNM +19%, CTSI +12%, and rest are quiet trading within +/-6% range. Slower news day, with only a few headlines. Bitcoin hash rate has recovered and is up some 5% since the China crackdown, as mining farms quickly relocated to North America and Kazakhstan; hash rates appear to only be -1.7% YoY. CoinDesk is reporting a senior FRB official has called Tether a risk to the stability of the financial system in a presenta…
POKKET: Crypto Market Update (June 20)

POKKET: Crypto Market Update (June 20)

Bitcoin is -1.5% to $35k, ETH is -3.8% getting dangerously close to $2k, now trading $2150. Movers are WABI +11%, rest is between +/-7%. Miami is now trying to lure China's Bitcoin miners, which have seen hash rates drop rapidly - it dropped almost -40%, after Sichuan ordered energy companies to stop providing power to miners just last night. There is data already showing US is picking up the slack in hash rates already, helping to diversify the mining participation. Jason Calacanis is questioni…
POKKET: Crypto Market Update (June 13)

POKKET: Crypto Market Update (June 13)

Bitcoin is flat trading at $35.5k, ETH is outperforming with +5% to $2400. Movers are DLT +16%, DOCK +14%, SNM +10%, ALICE SAND -11%, and rest are mixed in between. Biggest headline this weekend is the lock in of privacy focused Taproot upgrade to Bitcoin, as miners activated the protocol which obscures complicated transactions and lowers transaction fees - the upgrade is set to go live in November. Thailand's SEC orders exchanges to delist meme coins, which include Doge and Cumrocket, NFTs, exc…
POKKET: Crypto Market Update (June 11)

POKKET: Crypto Market Update (June 11)

Bitcoin price is softer -2.3% to $36250 while ETH is lower -6.5% to $2420. Movers are DOCK +17%, CHZ +15%, POLY +12%, TRU -12%, OGN FIS DENT -11%, NMR LINA -10%. According to cryptwit, Silvergate Bank will stop processing USD deposits and withdrawals for Binance, although BinanceUS "remains in good standing" the bank tweeted. Michael Saylor announced the opening of the Bitcoin Mining Council, an open forum dedicated to promote transparency, share best practices and educate the public, which Elon…
POKKET: Crypto Market Update (June 10)

POKKET: Crypto Market Update (June 10)

Bitcoin price is +13% to trade $37.4k while ETH is lagging behind +5% to $2600. Movers are MITH +38%, FIS +16%, DOCK +14%, INJ POND +12%, OST -21%, POLY -11%. El Salvador's Bitcoin bill passed yesterday, with supermajority votes. The country now embraces BTC as legal tender - starting with their Development Bank holding $150M worth in BTC, eventually moving towards holding it as reserve currency in the Central Bank while adding to this position. Yesterday 22k people listened in on Twitter Spaces…