The key misunderstanding with China's purported BTC hashrate dominance
According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.
Related Posts


Ethereum, Parity Co-Founder Announces Blockchain Framework for a ‘Multi-Chain World’
Blockchain infrastructure firm Parity Technologies’ founder Gavin Wood demoed a live blockchain launch in just fifteen minutes at the Web3 Summit in Berlin Oct. 23, TechCrunch reports.Parity is a U.K.-based blockchain infrastructure provider, known primarily for developing one of the most well-known clients for Ethereum (ETH), which Wood also co-founded.In what TechCrunch describes as “a…

Miami nightclub accepts Bitcoin as nightlife cautiously returns
E11even Miami is enabling payments in Bitcoin and other cryptocurrencies as part of its post-pandemic reopening on April 23. 1489 Total views 11 Total shares A nightclub in Miami is set to return from oa COVID-19-related shutdown of over a year by accepting Bitcoin (BTC) and other cryptocurrencies as a form of payment.Luxury nightclub E11even…

Algorithmic stablecoins aren’t really stable, but can the concept redeem itself?
Amid the meteoric rise of decentralized finance in 2020, there was persistent interest in a class of coins popularly dubbed “algorithmic stablecoins.” Some of the more famous ones include Ampleforth (AMPL), Based, Empty Set Dollar (ESD) and Dynamic Set Dollar (DSD).While these tokens are commonly considered algorithmic stablecoins, the teams involved have their own definitions.…

Bobby Lee Calls For BTC to Reach All-Time High in 2020
Crypto exchange founder, Ballet crypto wallet company CEO and founder, and member of the Bitcoin foundation’s board of directors, Bobby Lee, sees soaring prices in Bitcoin’s (BTC) future. Lee said he expects Bitcoin to hit $10,000 by its block reward halving in May in a statement provided to Cointelegraph. The CEO also forecast a $25,000 price…

Crypto ownership isn’t rising with recent market growth, Fed survey claims
Crypto ownership has not significantly risen even with the bear market over, according to the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute.

Just another bubble? Bitcoin price tops follow Chinese debt cycles, new research shows
Events in China could have been dictating Bitcoin price action not just this year, but since its genesis, data hints. 2250 Total views 17 Total shares Bitcoin (BTC) may be hitting new all-time highs, but it may just be another bubble, new research suggests.Unveiling a theory that could well rile Bitcoin bulls, analytics guru Material Scientist…

Scott Melker on Twitter: ‘We Cannot Depend on Centralized Platforms’
The "Wolf of All Streets" Scott Melker has been unable to do anything more on Twitter than read or retweet more than 24 hours after the massive hack on verified accounts.In a livestreamed interview with Cointelegraph on July 15, the crypto trader said in the midst of the attack he had been unable to verify…

BTC price all-time high above $94K comes amid Bitcoin sell-off warning
Bitcoin dormancy is decreasing as BTC price action takes all-time highs again and again.