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“# El Salvador’s dollar debt dives on Bitcoin bond plans ” El Salvador’s dollar-denominated bonds have fallen to an all-time low as the Central American nation’s debt started trading in “distressed territory” this week. El Salvador’s USD bonds fell to 64.4 cents to the dollar on Monday, Nov. 22, following the weekend news that the…
“# Texan Bitcoin mining power demands could jump 5 times by 2023 ” As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023. The Bitcoin mining industry in Texas currently consumes around 500…
“# Long-term Bitcoin holders at multi-year high: Glassnode ” Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not yet saturated with profit-taking. These long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions, according to the Nov….
“#NFTs attached to actual bottles of rare booze now for sale” It might be nice to have an NFT of a 50-year-old, $200,000 bottle of single-malt scotch — but it’s even nicer to have the bottle itself, not to mention the right to open it up and drink it. That’s the canny — and thus…
“#NFTs attached to actual bottles of rare booze now for sale” It might be nice to have an NFT of a 50-year-old, $200,000 bottle of single-malt scotch — but it’s even nicer to have the bottle itself, not to mention the right to open it up and drink it. That’s the canny — and thus…
“# Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K ” Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today’s drop back under $56,000 is raising eyebrows among traders….
“# This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining ” It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica, one Bitcoin transaction consumes as much electricity as over 1 million VISA transactions. Moreover, the cryptocurrency’s…
“# Rams player Odell Beckham Jr. will accept NFL salary in Bitcoin ” Odell Beckham Jr., wide receiver for the Los Angeles Rams football team, has said he will be taking all of his $4.25 million National Football League salary in Bitcoin. In a Nov. 22 post to his Twitter account, Beckham said he would…
“# Price analysis 11/22: BTC, ETH, BNB, SOL, ADA, XRP, DOT, AVAX, DOGE, SHIB ” Bitcoin (BTC) continues to be pinned down below $60,000, indicating that higher levels are attracting selling from traders. The S&P 500 made a new all-time high on Nov. 22 due to reports that United States President Joe Biden had renominated Jerome…
“# Institutional managers bought the dip as crypto funds see $154M in weekly inflows ” Institutional investors were unfazed by the recent correction in the cryptocurrency markets, as digital asset funds dedicated to Bitcoin (BTC) and Ether (ETH) continued to grow, according to data from CoinShares. Crypto investment products, which include exchange-traded funds (ETFs), saw…