Bitcoin Mining Revenue Falls 20% in November as Miners Struggle to Stay Profitable
Once again, Bitcoin miners went significantly lower in terms of monthly revenue, raking in only about $472 million in November.
Bitcoin News
Stay up-to-date with the real-time Bitcoin (BTC) market news including trading updates, price forecasts, analytical insights, expert analyses and much more 
Tesla CEO Elon Musk Kicks Off Delivery of Electric Semi Trucks
Instead of designing the Tesla Semi as either a right or left-hand drive truck, Tesla placed the steering wheels in the center of the vehicle with screens overlaying the sides.
Bitcoin Depot to Push Forward with SPAC Deal Following Strong Revenue Growth
By Tolu Ajiboye
North America’s largest Bitcoin operator Bitcoin Depot revealed plans to complete its SPAC deal amid a bearish crypto market.
Bitcoin Price Could Drop to $10K in 2023, Veteran Investor Mark Mobius Forecasts
Bitcoin prices exchanged around $16,900 during the Asian trading session, up approximately 2.4 percent in the past seven days.
Fed May Hike Interest Rates by 50 Basis Points in December
By Tolu Ajiboye
According to Chair Jerome Powell, the US Fed will likely raise interest rates this month by 50 basis points.
Jack Dorsey’s Block Inc Initiates Legal Action against Bitcoin.com for Trademark Infringement
Block Inc has sued Bitcoin.com for using the trademarked word “Verse” for its native tokens and not removing it despite repeated warnings.
Fidelity Finally Launches Retail Crypto Accounts Despite Criticisms
The top financial services provider has launched retail crypto trading accounts for some of its users.
Number of Bitcoin Holders at All-time High amid Market Uncertainty
By Tolu Ajiboye
The number of Bitcoin holders is at an all-time high, with wallets holding more than 0.1 BTC hitting the 4.07 million mark.
El Salvador Establishes National Bitcoin Office
ONBTC has created a Twitter account and has also stated that it will publish its first report on Bitcoin mining in EL Salvador.
Binance Unveils Its Proof-of-Reserve System, Kraken CEO Calls It Pointeless
Binance’s Proof-of-Reserve system comes with a Merkle Tress solution for users to check whether Binance has included their accounts in the snapshot of user balances.
Bitcoin News Today
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin Adoption
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Venturing in Bitcoin
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin Mining
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.
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