Since May 2020, the Bitcoin mining charts show difficulty increase, which tends to challenge the most experienced miners. September was the month of permanent testing due to a revenue decrease down to 8% when comparing to the 25% previous two months. Only $328 million were generated, in revenue, by the Bitcoin miners, but still, it’s 11% down compared to August according to the data analyzed by CoinDesk.
The Singapore-headquartered digital asset exchange KuCoin suffered, on Friday, a hacker attack that led to large withdrawals of Bitcoin (BTC) and Ethereum (ETH) tokens worth over $150 million. In the live-stream later, the first reaction of KuCoin was to immediately transfer the left digital assets from the old hot wallets into new ones. Ocean Protocol took the situation into their hands.
Thailand-Hong Kong cross-border central bank digital currency (CBDC) project Blockchain is awarded to the ConsenSys firm as was announced Sep. 25. This contract represents the future cross-border payment project between Thailand and Hong Kong.
Despite the COVID-19 pandemic and the sudden collapse of Bitcoin prices, the #1 cryptocurrency managed a realized capitalization above the 2017 record high. $43 billion above, to be exact.
The investment portfolio is an investor pride and reputation. And with popularity and adoption of the cryptocurrency, made diversifying your portfolio a trend to follow. Tech billionaire, Tim Draper, decided to reveal the secrets of his altcoin diversified portfolio. Believe it or not, but he owns half a dozen of altcoins in addition to his 30,000 BTC in his portfolio assets.
The total crypto market capitalization clearly shows a recovery from the Sep. 6 lows near $314 billion but also reveals an actual struggle to sustain above the $350 billion marks. Now is time for the sellers to take advantage of the current situation on the crypto market.
It’s time to shine again for the Bitcoin this week. The price of Bitcoin is getting close to$11,000 while the resistance level remains between $12,000 and $10,000, some light at the end of the tunnel is showing up.